US Airways 2008 Annual Report Download - page 281

(f) An order, judgment or decree shall be entered by any court of competent jurisdiction appointing, without the consent of the Borrower, a receiver,
trustee or liquidator of the Borrower or of substantially all of its property, or substantially all of the property of the Borrower shall be sequestered, and any
such order, judgment or decree of appointment or sequestration shall remain in force undismissed, unstayed and unvacated for a period of **after the date
of entry thereof; or a petition against the Borrower in a case under any bankruptcy laws or other insolvency laws (as in effect at such time) is filed and not
withdrawn or dismissed within **thereafter, or if, under the provisions of any law providing for reorganization or winding-up of corporations which may
apply to the Borrower, any court of competent jurisdiction assumes jurisdiction, custody or control of the Borrower or of substantially all of its property
and such jurisdiction, custody or control remains in force unrelinquished, unstayed and unterminated for a period of**; or
(g) The Borrower shall fail to carry and maintain, or cause to be carried and maintained,** on and in respect of any Pledged Spare Part in accordance
with the provisions of Section 3.05 of the Mortgage; or
(h) The Borrower shall cease to be a Certificated Air Carrier; or
(i) The Mortgage shall for any reason cease to be a valid **(subject to Permitted Liens) in favor of the Collateral Agent in the Borrower's right, title and
interest in and to the Pledged Spare Parts under the laws of the United States of America; or
(j) An event of default or termination event, howsoever described or defined, shall have occurred and be continuing under the**;
(k) The Borrower (or any Affiliate thereof) shall fail, prior to the expiry of any applicable grace period, to make any payment (excluding any payment
being disputed in good faith and arising in connection with the redelivery of aircraft and/or engines) due under **; or
(l) (i) any ERISA Events occur that, individually or in the aggregate, result in (or could reasonably be expected to result in) liability to the Borrower in
an amount which would exceed**, or (ii) any Lien shall arise on the assets of the Borrower in favor of the PBGC or a Plan to the extent that such Lien
could reasonably be expected to result in liability to the Borrower in an amount that would exceed**.
Then, if an Event of Default referred to in clause (e) or (f) of this Section 7.1 shall have occurred and be continuing, (x) the principal of the Loan then
outstanding, together with interest accrued but unpaid thereon**, and all other amounts owing to the Transaction Agents and any Lender hereunder or under
any other Transaction Document, shall immediately and without further act become due and payable, and (y) the Commitments shall automatically terminate,
in each case without presentment, demand, protest or notice of any kind, all of which are hereby expressly waived by the Borrower and, if any other Event of
Default shall have occurred and be continuing, then the Administrative Agent shall, upon request of the Required Lenders, by notice to the Borrower,
terminate the Commitments and declare the unpaid principal of the Loans then
** Confidential Treatment Requested. - 30 -