Company: UP
Filing Date: 2025-08-29
Form Type: 424B5
Source: 0001104659-25-085149
Chunk: 61

Company: Wheels Up Experience Inc.
Filing Date: 2025-08-29
Form: 424B5
Chunk 61
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 or eliminate any of the provisions of the indenture as shall be necessary or desirable 
 in accordance with any amendments to the Trust Indenture Act;                                     |

| · | establish                                            
 the forms or terms of debt securities of any series; |

| · | evidence                                                                  
 and provide for the acceptance of appointment by a successor trustee; and |

| · | add                                                                                             
 to, change or eliminate any other provision of the indenture; provided, that such addition,     
 change or elimination does not adversely affect the interests of the holders of debt securities 
 of any series in any material respect.                                                          |

The holders of a majority
in aggregate principal amount of the outstanding debt securities of any series may, on behalf of the holders of all debt securities of
that series, waive compliance by us with certain restrictive provisions of the indenture. The holders of not less than a majority in
aggregate principal amount of the outstanding debt securities of any series may, on behalf of the holders of all debt securities of that
series, waive any past default and its consequences under the indenture with respect to the debt securities of that series, except a
default in the payment of principal or premium, if any, or interest on debt securities of that series. Upon any such waiver, such default
will cease to exist, and any event of default arising therefrom will be deemed to have been cured, for every purpose of the indenture;
however, no such waiver will extend to any subsequent or other default or event of default or impair any rights consequent thereon.

Discharge, Defeasance and Covenant Defeasance

We may discharge our obligations
to holders of the debt securities of a series that have not already been delivered to the trustee for cancellation and that either have
become due and payable or will become due and payable within one year (or scheduled for redemption within one year). We may effect a
discharge by irrevocably depositing with the trustee cash or U.S. government obligations, as trust funds, in an amount certified to be
sufficient to pay when due, whether at maturity, upon redemption or otherwise, the principal of, and premium, if any, and interest on,
the debt securities and any mandatory sinking fund payments.

| 20 |

The indenture provides that
we may elect either (1) to defease and be discharged from any and all obligations with respect to the debt securities of a series
(except for, among other things, obligations to register the transfer or exchange of the