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This excerpt taken from the AYR 8-K filed Dec 18, 2006. Certain Covenants. The Revolving Credit Facility contains a number of covenants that, among other things, restrict, subject to certain exceptions, the ability of Aircastle, the borrowers and the guarantors to:
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In addition, the Revolving Credit Facility requires us to maintain a minimum consolidated net worth of $550.0 million.
A violation of any of these covenants could result in a default under the Revolving Credit Agreement, which would result in termination of all commitments and loans under the Revolving Credit Agreement and all other amounts owing under the Revolving Credit Agreement and other loan documents to become immediately due and payable.
The foregoing summaries of certain provisions of Amended Credit Facility No. 2, the Revolving Credit Agreement and the Guaranty Agreement are qualified in their entirety by reference to the complete Amended Credit Facility No. 2, the Revolving Credit Facility and the Guaranty Agreement, filed as Exhibits 10.1, 10.2 and 10.3, respectively, hereto, each of which is incorporated herein by reference.
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