Pool Aircraft definition

Pool Aircraft means, as of any date, any aircraft Owned by an Owner Subsidiary that has not been the subject of a sale or other disposition to a Person other than another Owner Subsidiary permitted under Section 2.10 or 5.04

Pool Aircraft means, as of any date, any aircraft Owned by any Borrower and included in the Designated Pool.

Pool Aircraft means, as of any date, the aircraft consisting of the Initial Pool Aircraft and the Additional Pool Aircraft, listed on Schedule I hereto, as amended, restated or supplemented from time to time pursuant to Sections 2.15, 2.18 and/or 8.01.

Examples of Pool Aircraft in a sentence

• The Grantors shall cause to be maintained, or procure that the relevant Lessee maintains, hull and third party liability insurance policies in respect of each Pool Aircraft in accordance with the terms of Schedule V hereto.

• For example, when a Pool Aircraft is not on lease to a passenger air carrier or is in storage or is being repaired or maintained, ferry or ground rather than passenger flight coverage for the Pool Aircraft are applicable.

• In all cases, the relevant Grantor will set the standards, review and manage the insurances on the Pool Aircraft consistent with Leasing Company Practice with respect to similar aircraft.

• If at any time any Pool Aircraft is not subject to a Lease, the relevant Grantor will cause its insurance brokers to provide the Collateral Agent with evidence that the insurances described in this Schedule V are in full force and effect.

• Subject to applicable confidentiality restrictions, each of the Grantors shall provide the Collateral Agent or shall ensure that the Collateral Agent is provided with any information reasonably requested by it from time to time concerning the insurances maintained with respect to the Pool Aircraft or, if reasonably available to the Grantors, in connection with any claim being made or proposed to be made thereunder.

More Definitions of Pool Aircraft

Pool Aircraft. Those Volaris Aircraft marked as Pool Aircraft in Article 0 of Annex TCS (Volaris’ Aircraft and Engines) for which Volaris has access to the Component Pool.

Pool Aircraft means, as of any date, any aircraft Owned by any Lessor Subsidiary and as to which each of the conditions set forth in Section 2.10, 4.01 or 4.02, as applicable, have been satisfied or waived in accordance with the terms of this Agreement.

Pool Aircraft means the aircraft referred to in Schedule I to this Agreement.

Pool Aircraft has the meaning specified in the third recital of this Agreement.

Pool Aircraft means, collectively, the Airframes and Engines.

Pool Aircraft has the meaning given to it in Clause 10.4(a)(ii)(A);

Pool Aircraft has the meaning set forth in the Mortgage.