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These excerpts taken from the AYR 8-K filed May 5, 2008. Collateral. The Loans are secured by, among other things, first priority security interests in
and pledges or assignments of ownership interests in the aircraft-owning and other
subsidiaries of the Borrowers, as well as by the Borrowers'
interests in aircraft
leases, cash collections and other rights and properties of the Borrowers. Maintenance reserves
collected after May 2, 2008 with respect to Portfolio No. 3 will be retained in a
segregated account and made available for the payment of reserve reimbursement
claims from lessees. If the amounts in such segregated
-3-
account are insufficient to pay
reimbursement claims when due, then amounts which would otherwise constitute Excess Cash
Flow after the payment of other senior claims, or funds advanced by the
liquidity provider, will be used to pay such claims.
Collateral”
has the meaning assigned to such term in the Security Agreement.
“ These excerpts taken from the AYR 8-K filed May 5, 2008. Collateral. The Loans are secured by, among other things, first priority security interests in
and pledges or assignments of ownership interests in the aircraft-owning and other
subsidiaries of the Borrowers, as well as by the Borrowers'
interests in aircraft
leases, cash collections and other rights and properties of the Borrowers. Maintenance reserves
collected after May 2, 2008 with respect to Portfolio No. 3 will be retained in a
segregated account and made available for the payment of reserve reimbursement
claims from lessees. If the amounts in such segregated
-3-
account are insufficient to pay
reimbursement claims when due, then amounts which would otherwise constitute Excess Cash
Flow after the payment of other senior claims, or funds advanced by the
liquidity provider, will be used to pay such claims.
Collateral”
has the meaning assigned to such term in the Security Agreement.
“ This excerpt taken from the AYR 8-K filed Feb 6, 2008. Collateral. Borrowings
under the 2008-A Credit
Agreement are secured by first priority perfected security interests in and
pledges or assignments of equity ownership and beneficial interests in the
borrowers and their affiliated entities, as well as by the
borrowers'
interests in aircraft leases.
This excerpt taken from the AYR 8-K filed Dec 18, 2006. Collateral. Borrowings under the Revolving Credit Facility are secured by first priority perfected security interests in and pledges or assignments of equity ownership and beneficial interests in certain Aircastle direct and indirect subsidiaries, but excluding any borrowers under Amended Credit Facility No. 2 or under our non-recourse financing facilities.
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