Company: UP
Filing Date: 2025-08-29
Form Type: 424B5
Source: 0001104659-25-085149
Chunk: 50

Company: Wheels Up Experience Inc.
Filing Date: 2025-08-29
Form: 424B5
Chunk 50
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 complete and is subject to, and qualified in its entirety by reference to, all of the provisions of the form of indenture, including,
but not limited to, definitions therein of certain terms. The particular terms and conditions of the debt securities of each series offered
by any prospectus supplement or free writing prospectus will be described in the applicable prospectus supplement. For a comprehensive
description of any series of debt securities being offered to you pursuant to this prospectus, you should read both this prospectus and
the applicable prospectus supplement or free writing prospectus.

The form of indenture for
such debt securities is incorporated by reference into the registration statement of which this prospectus is a part and is filed as
an exhibit to the registration statement. The summary that follows is not complete and is subject to, and qualified in its entirety by
reference to, the provisions of the applicable indenture for any debt securities. A form of each supplemental indenture, reflecting the
specific terms and provisions of each series of debt securities, will be filed with the SEC in connection with each offering of debt
securities and will be incorporated by reference in the registration statement of which this prospectus is a part. The indenture for
our debt securities may be qualified under the Trust Indenture Act of 1939, as amended (the “Trust Indenture Act”), and you
should refer to the Trust Indenture Act for the provisions that apply to the debt securities.

General

We may offer the debt securities
from time to time in as many distinct series as we may determine. The indenture does not limit the amount of debt securities that we
may issue thereunder. We may, without the consent of the holders of the debt securities of any series and subject to restrictions imposed
by our other obligations, issue additional debt securities ranking equally in right of payment with, and otherwise similar in all respects
to, the debt securities of the series (except for the public offering price and the issue date) so that those additional debt securities
will be consolidated and form a single series with the debt securities of the series previously offered and sold.

The debt securities of each
series will be issued in fully registered form without interest coupons. We currently anticipate that the debt securities of any series
offered and sold pursuant to this prospectus and an applicable prospectus supplement or free writing prospectus will be issued as global
debt securities as described under “—Book-Entry; Delivery and Form; Global Securities” and will trade in