Liquidity Facility means, at any time, the Class AA Liquidity Facility or the Class A Liquidity Facility, as applicable.
Liquidity Obligations means the Class AA Liquidity Obligations and the Class A Liquidity Obligations.
Liquidity Provider means, at any time, the Class AA Liquidity Provider or the Class A Liquidity Provider, as applicable.
Loan Trustee means, with respect to any Indenture, the bank, trust company or other financial institution designated as loan trustee thereunder, and any successor to such loan trustee.
Long-Term Rating means, for any entity (a) in the case of Moodys, the long-term senior unsecured debt rating of such entity and (b) in the case of Fitch, the long-term issuer default rating of such entity.
LP Incumbency Certificate has the meaning specified in Section 2.05(c).
LP Representatives has the meaning specified in Section 2.05(c).
Majority in Interest of Noteholders, with respect to any Indenture, has the meaning specified in such Indenture.
Minimum Sale Price means, with respect to any Aircraft or the Equipment Notes issued in respect of such Aircraft, at any time, the lesser of (1) in the case of the sale of an Aircraft, 80%, or in the case of the sale of such Equipment Notes, 90%, of the Appraised Current Market Value of such Aircraft and (2) the sum of the aggregate Note Target Price of such Equipment Notes and an amount equal to the Excess Liquidity Obligations in respect of the Indenture under which such Equipment Notes were issued.
Moodys means Moodys Investors Service, Inc.
Non-Controlling Party means, at any time, any Trustee, Liquidity Provider or other Person a party hereto, which, in each case, is not the Controlling Party at such time.
Non-Extended Facility has the meaning specified in Section 3.05(d)(i).
Non-Extension Drawing has the meaning specified in Section 3.05(d)(i).
Non-Performing Equipment Note means an Equipment Note issued pursuant to an Indenture that is not a Performing Equipment Note.
Note Target Price means, for any Equipment Note issued under any Indenture, (i) the aggregate outstanding principal amount of such Equipment Note, plus (ii) the accrued and unpaid interest thereon, together with all other sums owing on or in respect of such Equipment Note under such Indenture (including, without limitation, enforcement costs incurred by the Subordination Agent in respect of such Equipment Note).
Intercreditor Agreement (2019-1)