Recordation and Filing. The Security Agreement, Security Agreement Supplement No.1, and the FAA ▇▇▇▇ of Sale relating to the Aircraft will have been duly filed for recordation (or shall be in the process of being so duly filed) pursuant to and in accordance with the Federal Aviation Code. Application for registration of the Aircraft in the name of the Borrower shall have been duly made with the FAA. A Uniform Commercial Code financing statement or statements covering the security interest created by the Security Agreement shall have been executed and delivered by the Borrower, as debtor, and by the Security Trustee, as secured party, and such financing statement or statements shall have been duly filed in all places necessary within the State of New York (and all other applicable jurisdictions, if any) (and evidence thereof, reasonably satisfactory to the Lender, shall have been provided to the Lender). --------- * Confidential 15 On the Borrowing Date, the Aircraft shall have been duly certified as to airworthiness by the Brazilian aviation authority.
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Sources: Loan Agreement (Republic Airways Holdings Inc), Loan Agreement (Republic Airways Holdings Inc)
Recordation and Filing. The Security Agreement, Security Agreement Supplement No.1, and the FAA ▇▇▇▇ of Sale relating to the Aircraft will have been duly filed for recordation (or shall be in the process of being so duly filed) pursuant to and in accordance with the Federal Aviation Code. Application for registration of the Aircraft in the name of the Borrower shall have been duly made with the FAA. A Uniform Commercial Code financing statement or statements covering the security interest created by the Security Agreement shall have been executed and delivered by the Borrower, as debtor, and by the Security Trustee, as secured party, and such financing statement or statements shall have been duly filed in all places necessary within the State of New York (and all other applicable jurisdictions, if any) (and evidence thereof, reasonably satisfactory to the Lender, shall have been provided to the Lender). --------- * Confidential 15 On the Borrowing Date, the Aircraft shall have been duly certified as to airworthiness by the Brazilian aviation authority.
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