Company: UP
Filing Date: 2025-08-29
Form Type: 424B5
Source: 0001104659-25-085149
Chunk: 57

Company: Wheels Up Experience Inc.
Filing Date: 2025-08-29
Form: 424B5
Chunk 57
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 or political subdivision thereof.

Events of Default

Unless the applicable prospectus
supplement or free writing prospectus states otherwise, each of the following events are defined in the indenture as an “event
of default” with respect to the debt securities of any series:

| · | default                                                                                       
 in the payment of any installment of interest on any debt securities of such series for 30    
 days after becoming due and payable, provided a valid extension of an interest payment period 
 by us in accordance with the terms of such debt securities will not consistent a failure      
 to pay;                                                                                       |

| · | default                                                                                    
 in the payment of principal of or premium, if any, on any debt securities of such series   
 when it becomes due and payable at its stated maturity, upon redemption, by declaration or 
 otherwise;                                                                                 |

| · | failure                                                                                         
 by us to observe or perform in any material respect any covenant or agreement in the indenture  
 with respect to the debt securities of such series (other than a covenant or agreement included 
 in the indenture solely for the benefit of a series of debt securities other than such series), 
 which continues for a period of 90 days after written notice to us by the trustee or to us      
 and the trustee by the holders of at least 33% in aggregate principal amount of the outstanding 
 debt securities of that series;                                                                 |

| · | we                                                                                       
 file for bankruptcy, or certain other events in bankruptcy, insolvency or reorganization 
 occur; and                                                                               |

| · | any                                                                                        
 other event of default established for the debt securities of such series set forth in the 
 applicable prospectus supplement or free writing prospectus and supplemental indenture.    |

| 18 |

If an event of default with
respect to debt securities of any series (other than an event of default relating to certain events of bankruptcy, insolvency, or reorganization
of us) occurs and is continuing, the trustee by notice to us, or the holders of at least 33% in aggregate principal amount of the outstanding
debt securities of such series by notice to us and the trustee, may, and the trustee at the request of these holders will, declare the
principal of and premium, if any, and accrued and unpaid interest on all the debt securities of such series to be due and payable. Upon
such a declaration, such principal, premium and accrued and unpaid interest will be due and payable immediately. If an event of default
relating to certain events of bankruptcy, insolvency