Undelivered Pool Aircraft means, as of any date, the pool of aircraft Owned by ILFC or any of its Subsidiaries (including any Non-Collateral Subsidiary) (or to be purchased and thereafter so Owned), satisfying each of the following conditions: (x) the Transaction Parties shall each have a good faith intention and, to ILFC’s knowledge, the ability to transfer such aircraft to an Owner Subsidiary, or cause the Subsidiary that owns such Aircraft to become an Owner Subsidiary, within a reasonable time period, (y) such aircraft shall be listed on Schedule 3.17(a) attached hereto, as amended, restated or supplemented from time to time pursuant to Section 2.10 and Section 5.09(a)(vii) and (z) no Released Loan has been released to the Borrower with respect thereto. For the avoidance of doubt, upon the Final Release Date, there shall be no Undelivered Pool Aircraft.
Undelivered Pool Aircraft means, as of any date, the pool of aircraft Owned by ILFC or any of its Subsidiaries (or to be purchased and thereafter so Owned), satisfying each of the following conditions: (x) the Obligors shall each have a good faith intention and, to ILFC’s knowledge, the ability to transfer such aircraft to an Owner Subsidiary prior to the first anniversary of the Effective Date, (y) such aircraft shall be listed on Schedule 3.17(a) attached hereto, as amended, restated or supplemented from time to time pursuant to Section 2.10 and Section 5.09(a)(vii) and (z) no Advance has been made with respect thereto. For the avoidance of doubt, upon the occurrence of the Availability Termination, there shall be no Undelivered Pool Aircraft.
Undelivered Pool Aircraft means, as of any date, the pool of aircraft Owned by ILFC or any of its Subsidiaries, satisfying each of the following conditions: (x) the Transaction Parties shall each have a good faith intention and, to ILFC’s knowledge, the ability to transfer such aircraft to a Lessor Subsidiary within a reasonable time period and (y) such aircraft shall be listed on Schedule 3.17(a) attached hereto, as amended, restated or supplemented from time to time pursuant to Section 2.10 and Section 5.09(a)(vii). For the avoidance of doubt, upon the Final Release Date, there shall be no Undelivered Pool Aircraft.
Examples of Undelivered Pool Aircraft in a sentence
From time to time prior to the Final Release Date, in respect of Undelivered Pool Aircraft, in accordance with the terms hereof, the Obligors shall update the Designated Pool to ensure each Undelivered Pool Aircraft set forth on Schedule 3.17(a) shall constitute an Aircraft for which the Obligors have a good faith intention and, to ILFC’s knowledge, ability to transfer to an Owner Subsidiary within a reasonable period.