Company: UP
Filing Date: 2025-08-29
Form Type: 424B5
Source: 0001104659-25-085149
Chunk: 53

Company: Wheels Up Experience Inc.
Filing Date: 2025-08-29
Form: 424B5
Chunk 53
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 series of debt securities 
 held by a person who is not a U.S. person in respect of any tax, assessment or governmental  
 charge withheld or deducted and, if so, whether we will have the option to redeem the series 
 of debt securities rather than pay such additional amounts;                                  |

| · | any                                                                                      
 trustees, authenticating or paying agents, warrant agents, transfer agents or registrars 
 with respect to the series of debt securities;                                           |

| · | any                                                                                           
 deletion from, modification of or addition to the events of default or covenants with respect 
 to the series of debt securities;                                                             |

| · | if                                                                                            
 the series of debt securities will be convertible into or exchangeable for any other security 
 or property of ours, including, without limitation, securities of another person held by      
 us or our affiliates and, if so, the terms thereof;                                           |

| · | any                                                                                          
 collateral security, assurance, guarantee or other credit enhancement applicable to the debt 
 securities;                                                                                  |

| · | the                                                                                           
 applicability, if any, of certain covenant defeasance provisions to such series under certain 
 specified circumstances set forth in the indenture;                                           |

| · | whether                                                                                        
 the series of debt securities will be issued in whole or in part in the form of one or more    
 global securities and, in such case, the depositary for such global security, which depositary 
 will be a clearing agency registered under the Exchange Act;                                   |

| · | any                                                                                         
 limitations on transfer or exchange of debt securities or the right to obtain registration  
 of their transfer, and the terms and amount of any service charge required for registration 
 of transfer or exchange; and                                                                |

| · | any                                               
 other terms of the debt securities of the series. |

Unless the applicable prospectus
supplement or free writing prospectus states otherwise, the covenants contained in the applicable indenture will not afford holders of
debt securities protection in the event we have a change in control or are involved in a highly-leveraged transaction.

| 16 |

Interest and Interest Rates

In the applicable prospectus
supplement or free writing prospectus, we will designate the debt securities of a series as being either debt securities bearing interest
at a fixed rate of interest or debt securities bearing interest at a floating rate of interest. Each debt security will begin to accrue
interest from the date on which it is originally issued. Interest on each such debt security will be payable in arre