AIRCRAFT MANAGEMENT AGREEMENT Sample Clauses

AIRCRAFT MANAGEMENT AGREEMENT. 3.1 Lender's consent to the Aircraft Management Agreement (a) Subject to clause 3.1(b), the Lender consents to entry into the Aircraft Management Agreement by the Operator and the Borrower. (b) At any time on or following the occurrence of any Default or any Operator Default, the Lender may revoke its consent to the Aircraft Management Agreement given in clause 3.1(a) and/or exercise of any of its rights and remedies under clause 3.2; (c) Each of the following events and circumstances constitutes an Operator Default: (i) the Operator does not comply with any of its duties, obligations or liabilities under this Agreement or the Aircraft Management Agreement; (ii) any of the representations and warranties given by (or deemed to be given by) the Operator under clause 2 are or prove to be false, incorrect or misleading in any way; (iii) the Aircraft is flown without a valid certificate of airworthiness or any other certificate or licence (including any overflight permit) required under any applicable law or regulation, the effect of which would be to invalidate the Insurances or result in or increase the risk of the seizure, confiscation or detention of the Aircraft or otherwise, in the opinion of the Lender, jeopardise or prejudice the rights and interests of the Lender in relation to the Aircraft; (iv) a [termination event] occurs under the Aircraft Management Agreement other than such termination of the Aircraft Management Agreement as consented to by the Lender; (v) the Operator abandons the Aircraft, any Engine or any Part [or they are no longer in the possession and unencumbered control of the Operator]; (vi) a material adverse change occurs in the financial condition of Operator, which, in the Lender's opinion may have a material adverse effect on its ability to meet its [material] obligations under this Agreement and/or under the Aircraft Management Agreement; (vii) the Operator does not have or ceases to have a valid Air Operator's Certificate; (viii) the Aircraft is not or ceases to be listed on the Operator's Air Operator's Certificate.
Sample 1
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AIRCRAFT MANAGEMENT AGREEMENT. This Aircraft Management Agreement (this “Management Agreement”), dated as of the 16th day of October, 2009 between LW Air I LLC, a Delaware limited liability company, which is the Trustor under that certain Trust Agreement dated October 19, 2009 between Owner and Xxxxx Fargo Bank Northwest, National Association (“Owner”) and Avantair, Inc., a Delaware corporation ("Manager”).
Sample 1

Related to AIRCRAFT MANAGEMENT AGREEMENT

  • FRAMEWORK AGREEMENT MANAGEMENT The Parties shall manage this Framework Agreement in accordance with Schedule 14 (Framework Management).

  • Property Management Agreement The Property Management Agreement is in full force and effect and, to Borrower's Knowledge, there are no defaults thereunder by any party thereto and no event has occurred that, with the passage of time and/or the giving of notice would constitute a default thereunder.

  • Client Agreement We are not required to enter into a written agreement complying with the Code relating to the services that are to be provided to you.

  • Assignment of Management Agreement As additional collateral security for the Loan, Borrower conditionally transfers, sets over, and assigns to Lender all of Borrower’s right, title and interest in and to the Management Agreement and all extensions and renewals. This transfer and assignment will automatically become a present, unconditional assignment, at Lender’s option, upon a default by Borrower under the Note, the Loan Agreement, the Security Instrument or any of the other Loan Documents (each, an “Event of Default”), and the failure of Borrower to cure such Event of Default within any applicable grace period.

  • MANAGEMENT AGREEMENT AND FRANCHISE AGREEMENT (a) At or prior to the Closing, Seller shall terminate the Existing Management Agreement and the Existing Franchise Agreement, and Seller shall be solely responsible for all claims and liabilities arising thereunder on, prior to or following the Closing Date, except termination or similar fees, which shall be paid by Buyer. Seller shall be responsible for paying all costs related to the termination of the Existing Management Agreement and Buyer shall be responsible for paying all reasonable and actual costs of the Franchisor related to the assignment or termination, as applicable, of the Existing Franchise Agreement. (b) At Closing, Buyer shall enter into the New Management Agreement in the form attached as Exhibit E and the New Franchise Agreement, effective as of the Closing Date, containing terms and conditions acceptable to Buyer (including, without limitation, such terms and conditions as may be required to accommodate Buyer’s and/or Buyer’s Affiliates’ REIT structure). (c) Seller shall use best efforts to promptly provide all information required by the Franchisor in connection with the New Franchise Agreement. Prior to the expiration of the Review Period, Buyer and Franchisor shall agree on the form and substance of the New Franchise Agreement. Except as otherwise provided in this Contract, the New Franchise Agreement shall contain such terms and conditions as are acceptable to Buyer in its sole and absolute discretion.

  • AGREEMENT MANAGEMENT Pinellas Community Foundation designates the following person(s) as the liaison for the Xxxxxx Xxxxxx, CEO Pinellas Community Foundation

  • Student Agreement It is important that I work to the best of my ability. Therefore, I shall strive to do the following:

  • Master Services Agreement This Agreement is a master agreement governing the relationship between the Parties solely with regard to State Street’s provision of Services to each BTC Recipient under the applicable Service Modules.

  • Interconnection Agreement Seller shall comply with the terms and conditions of the Interconnection Agreement.

  • Services Agreement “Services Agreement” shall mean any present or future agreements, either written or oral, between Covered Entity and Business Associate under which Business Associate provides services to Covered Entity which involve the use or disclosure of Protected Health Information. The Services Agreement is amended by and incorporates the terms of this BA Agreement.

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