CHANGES TO BORROWER'S LEGAL STRUCTURE, PLACE OF BUSINESS, JURISDICTION OF ORGANIZATION, OR NAME.

CHANGES TO BORROWER’S LEGAL STRUCTURE, PLACE OF BUSINESS, JURISDICTION OF ORGANIZATION, OR NAME.

Seller Maintenance and Inspection. Provided Purchaser elects to proceed with the acquisition of the Aircraft, Purchaser shall be permitted to observe the inspections and maintenance that are currently underway at the Inspection Facility (the “Maintenance Inspection”), or the results thereof, for the purpose of verifying that the Aircraft meets the Delivery Condition. Concurrently with the Maintenance Inspection, Purchaser shall have the right to perform a pre-purchase inspection of the Aircraft and the Aircraft Documents, consisting of those inspections listed on [Exhibit E] attached hereto (the “Inspection”). Purchaser shall be responsible for the cost of the Inspection which shall be pre-paid to the Inspection Facility prior to commencement. Seller shall be responsible for the cost of the Maintenance Inspection and for the cost to correct all airworthiness discrepancies identified by the Inspection Facility during the Maintenance Inspection and Inspection required to be corrected by the Inspection Facility to approve the Aircraft for return to service and to conform to the Delivery Condition (the “Discrepancies”). For the sake of clarity, the term Discrepancies shall not refer to any discrepancy that is only of a cosmetic nature.

Location of Collateral. All material tangible items of Collateral, other than Inventory in transit, shall at all times be kept by the Borrowers at locations owned or leased by an Obligor, at customer locations, at locations in respect of which Administrative Agent has received a Lien Waiver (or taken a Rent and Charges Reserve) or at manufacturer locations or other locations for the purposes of repair or servicing of such Collateral, except that the Borrowers may make sales or other dispositions of Collateral in accordance with [Section 10.2.9]. [Schedule 8.7.1] lists all locations where Collateral is located as of the Closing Date.

Location of Collateral. All tangible items of Collateral, other than Inventory in transit, shall at all times be kept by Obligors at the business locations set forth in [Schedule 8.6.1] of the Disclosure Schedule, except that Obligors may # make sales or other dispositions of Collateral in accordance with Section 10.2.6; and # move Collateral to another location in the United States (or, if such Collateral is outside the United States and has a value of less than $100,000, to another location outside the United States), upon 30 days’ prior written notice to Agent.

The Collateral is and shall remain in the possession or control of the applicable Credit Party at the Permitted Collateral Locations.

Location of Collateral. All tangible items of Collateral shall at all times be kept by Borrowers at the business locations set forth in [Schedule 8.6.1] to the Disclosure Letter, except that Borrowers may # make sales or other dispositions of Collateral in accordance with [Section 10.2.6]; and # move Collateral to another location in the United States, upon prior written notice to Lender.

Location of Collateral. All tangible items of Collateral, other than Inventory in transit and items of Collateral with an aggregate value not in excess of $2,500,000, shall at all times be kept by Borrowers at the business locations set forth in [Schedule 8.6.1], except that Borrowers may # make sales or other dispositions of Collateral in accordance with [Section 10.2.6]; and # move Collateral to another location in the United States, upon 30 days (or such lesser period as Agent may agree) prior written notice to Agent (which notice shall be deemed to supplement [Schedule 8.6.1]).

Borrower must promptly notify Secured Party by written or electronic communication of any change in location of the Collateral, specifying the new location. Borrower hereby grants to Secured Party the right to inspect the Collateral at all reasonable times and upon reasonable notice. Borrower must: # maintain the Collateral in good condition; # pay promptly all taxes, judgments, or charges of any kind levied or assessed thereon; # keep current all rent or mortgage payments due, if any, on premises where the Collateral is located; and # maintain hazard insurance on the Collateral, with an insurance company and in an amount approved by Secured Party (but in no event less than the replacement cost of that Collateral), and including such terms as Secured Party may require including a Lender’s Loss Payable Clause in favor of Secured Party. Borrower hereby assigns to Secured Party any proceeds of such policies and all unearned premiums thereon and authorizes and empowers Secured Party to collect such sums and to execute and endorse in Borrower’s name all proofs of loss, drafts, checks and any other documents necessary for Secured Party to obtain such payments.

Inspection of Collateral. Borrower shall give Lender reasonable access to the Collateral and the other property securing the Obligations for the purpose of performing examinations thereof and to verify its condition or existence.