International Interests in Mobile Equipment (aircraft equipment) Act — I-19.6 (a)
In this Convention, except where the context otherwise requires, the following terms are employed with the meanings set out below: (a) agreement means a security agreement, a title reservation agreement or a leasing agreement; (b) assignment means a contract which, whether by way of security or otherwise, confers on the assignee associated rights with or without a transfer of the related international interest; (c) associated rights means all rights to payment or other performance by a debtor under an agreement which are secured by or associated with the object; (d) commencement of the insolvency proceedings means the time at which the insolvency proceedings are deemed to commence under the applicable insolvency law; (e) conditional buyer means a buyer under a title reservation agreement; (f) conditional seller means a seller under a title reservation agreement; (g) contract of sale means a contract for the sale of an object by a seller to a buyer which is not an agreement as defined in (a) above; (h) court means a court of law or an administrative or arbitral tribunal established by a Contracting State; (i) creditor means a chargee under a security agreement, a conditional seller under a title reservation agreement or a lessor under a leasing agreement; (j) debtor means a chargor under a security agreement, a conditional buyer under a title reservation agreement, a lessee under a leasing agreement or a person whose interest in an object is burdened by a registrable non-consensual right or interest; (k) insolvency administrator means a person authorised to administer the reorganisation or liquidation, including one authorised on an interim basis, and includes a debtor in possession if permitted by the applicable insolvency law; (l) insolvency proceedings means bankruptcy, liquidation or other collective judicial or administrative proceedings, including interim proceedings, in which the assets and affairs of the debtor are subject to control or supervision by a court for the purposes of reorganisation or liquidation; (m) interested persons means: (i) the debtor; (ii) any person who, for the purpose of assuring performance of any of the obligations in favour of the creditor, gives or issues a suretyship or demand guarantee or a standby letter of credit or any other form of credit insurance; (iii) any other person having rights in or over the object; (n) internal transaction means a transaction of a type listed in Article 2(2)(a) to (c) where the centre of the main interests of all parties to such transaction is situated, and the relevant object located (as specified in the Protocol), in the same Contracting State at the time of the conclusion of the contract and where the interest created by the transaction has been registered in a national registry in that Contracting State which has made a declaration under Article 50(1); (o) international interest means an interest held by a creditor to which Article 2 applies; (p) International Registry means the international registration facilities established for the purposes of this Convention or the Protocol; (q) leasing agreement means an agreement by which one person (the lessor) grants a right to possession or control of an object (with or without an option to purchase) to another person (the lessee) in return for a rental or other payment; (r) national interest means an interest held by a creditor in an object and created by an internal transaction covered by a declaration under Article 50(1); (s) non-consensual right or interest means a right or interest conferred under the law of a Contracting State which has made a declaration under Article 39 to secure the performance of an obligation, including an obligation to a State, State entity or an intergovernmental or private organisation; (t) notice of a national interest means notice registered or to be registered in the International Registry that a national interest has been created; (u) object means an object of a category to which