AYR » Topics » Prepayment.

This excerpt taken from the AYR 8-K filed May 5, 2008.
Prepayment.    The Loans may be prepaid upon notice, subject to certain conditions and to the payment of expenses, if any, and subject to the payment of a prepayment penalty equal to 1.0% of the amount prepaid prior to May 2, 2009 and 0.50% of the amount prepaid thereafter until May 2, 2010.  No penalty is payable on amounts prepaid after May 2, 2010.

Mandatory prepayments of Loans will be required, among other reasons, upon the sale, event of loss or refinancing of any Aircraft, and in the circumstances described above with respect to the debt service coverage ratio and the loan to value ratio.

This excerpt taken from the AYR 8-K filed May 5, 2008.
Prepayment.    The Loans may be prepaid upon notice, subject to certain conditions and to the payment of expenses, if any, and subject to the payment of a prepayment penalty equal to 1.0% of the amount prepaid prior to May 2, 2009 and 0.50% of the amount prepaid thereafter until May 2, 2010.  No penalty is payable on amounts prepaid after May 2, 2010.

Mandatory prepayments of Loans will be required, among other reasons, upon the sale, event of loss or refinancing of any Aircraft, and in the circumstances described above with respect to the debt service coverage ratio and the loan to value ratio.

This excerpt taken from the AYR 8-K filed Feb 6, 2008.
Prepayment.    Advances under the 2008-A Credit Agreement may be prepaid without penalty upon notice, subject to certain conditions and to the payment of expenses, if any.  Mandatory prepayments of borrowings under the 2008-A Credit Agreement are required, among other reasons, upon the sale, event of loss or refinancing of any aircraft financed under the 2008-A Credit Agreement.

This excerpt taken from the AYR 8-K filed Dec 18, 2006.
Prepayment.     Mandatory prepayment of borrowings under the Revolving Credit Facility is required upon issuance of any capital stock by any borrower or by Aircastle, to the extent of the net proceeds of such issuance. Advances under the Revolving Credit Facility may be prepaid without penalty upon notice, subject to certain conditions. In either case, re-borrowings are permitted subject to availability and to satisfaction of certain conditions precedent.

 

Maturity Date.  

The Revolving Credit Facility matures on December 15, 2007.

 

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