rcraft Improvement Management Agreement which will allow Exchangor to management refurbishment of the Replacement Aircraft while Steen holds title. Loan Documents. In order for Steen to acquire the Replacement Aircraft and pay for the refurbishment, Steen will borrow the funds from Exchangor pursuant to a Prom

wherever located, at any reasonable time, on land and in flight. 8. Default. Debtor shall be in default under this Agreement and each of the other Loan Documents upon the occurrence of any of the following Events of Default: (a) Debtor fails to pay after its due date any installment or other amount due or co

, division, agency, body or department thereof). 2. GUARANTY. 2.1. Continuing Guaranty Of Payment. In consideration of the Lender agreeing to the Loan Documents and/or extending or continuing credit to the Borrower in connection therewith, the Guarantor irrevocably, absolutely and unconditionally guarantees

ter notice to Borrower. The interest rate shall be increased to eight percent (8%) over the Note Rate in the event of default by Borrower under the Loan Documents 5. Borrower's Equity: Borrower shall provide to Lender at loan closing minimum equity in the Project in the sum of Twenty-Three Million and 00/100

N DOCUMENTS. Nothing contained herein is intended to modify in any way the obligations of Indemnitor under the Note, the Deed of Trust or any other Loan Documents. Any inconsistencies among the Loan Documents shall be construed, interpreted and resolved so as to benefit Lender, and Lender's election of which

N DOCUMENTS. Nothing contained herein is intended to modify in any way the obligations of Indemnitor under the Note, the Deed of Trust or any other Loan Documents. Any inconsistencies among the Loan Documents shall be construed, interpreted and resolved so as to benefit Lender, and Lender's election of which

of like import referring to the Pledge Agreement shall mean the Pledge Agreement as amended by this Amendment, and (ii) all references in the other Loan Documents to which the Pledgor is a party to the Pledge Agreement, "thereto," "thereof," "thereunder" or words of like import referring to the Pledge Agreemen

er documents and instruments to be entered into and delivered by the Company pursuant to the Credit Agreement, the Collateral Agreement or the other Loan Documents (all the documents listed in clauses (i) through (viii) above and all other Loan Documents, including all exhibits and schedules thereto, collectiv

of like import referring to the Pledge Agreement shall mean the Pledge Agreement as amended by this Amendment, and (ii) all references in the other Loan Documents to which the Pledgor is a party to the Pledge Agreement, "thereto," "thereof," "thereunder" or words of like import referring to the Pledge Agreemen

ure indebtedness of the Grantor to the Mortgagee arising under the Credit and Security Agreement, and the repayment of all sums due under the other Loan Documents, as defined in the Credit and Security Agreement, whether direct or indirect, absolute or contingent, joint or several, or now or hereafter existing

ure indebtedness of the Grantor to the Mortgagee arising under the Credit and Security Agreement, and the repayment of all sums due under the other Loan Documents, as defined in the Credit and Security Agreement, whether direct or indirect, absolute or contingent, joint or several, or now or hereafter existing

ure indebtedness of the Grantor to the Mortgagee arising under the Credit and Security Agreement, and the repayment of all sums due under the other Loan Documents, as defined in the Credit and Security Agreement, whether direct or indirect, absolute or contingent, joint or several, or now or hereafter existing

ure indebtedness of the Grantor to the Mortgagee arising under the Credit and Security Agreement, and the repayment of all sums due under the other Loan Documents, as defined in the Credit and Security Agreement, whether direct or indirect, absolute or contingent, joint or several, or now or hereafter existing

ure indebtedness of the Grantor to the Mortgagee arising under the Credit and Security Agreement, and the repayment of all sums due under the other Loan Documents, as defined in the Credit and Security Agreement, whether direct or indirect, absolute or contingent, Joint or several, or now or hereafter existing

ure indebtedness of the Grantor to the Mortgagee arising under the Credit and Security Agreement, and the repayment of all sums due under the other Loan Documents, as defined in the Credit and Security Agreement, whether direct or indirect, absolute or contingent, joint or several, or now or hereafter existing