Airline Cooperation Clause Samples
The Airline Cooperation clause establishes the framework for collaboration between airlines, typically in areas such as code-sharing, joint marketing, or coordinated scheduling. In practice, this clause outlines the specific activities or operations where airlines will work together, such as sharing passenger information, aligning flight schedules, or jointly managing routes and services. Its core function is to facilitate efficient and mutually beneficial partnerships between airlines, enhancing service offerings and operational efficiency while clarifying the responsibilities and expectations of each party.
Airline Cooperation. The Parties shall promote cooperative arrangements between or among designated national airlines, including the utilization of resources and business management; and
Airline Cooperation a. The AIRLINE agrees that it will cooperate with MAC, the underwriters and their counsel to satisfy any ongoing disclosure requirements necessary under applicable law in order to market the MAC revenue obligations, including provision of annual reports of AIRLINE or any parent.
b. AIRLINE shall cooperate with MAC and the underwriters of MAC’s revenue obligations so that the provisions of Rule 15c2-12 of the Securities Exchange Act of 1934, as amended, are complied with.
Airline Cooperation a. The AIRLINE agrees that it will cooperate with MAC, the underwriters and their counsel to satisfy any ongoing disclosure requirements necessary under applicable law in order to market the MAC revenue obligations, including provision of annual reports of AIRLINE or any parent.
b. AIRLINE shall cooperate with MAC and the underwriters of MAC’s revenue obligations so that the provisions of Rule 15(c) 2-12 of the Securities Exchange Act of 1934, as amended, are complied with.
c. At the time of issuance of MAC revenue obligations, AIRLINE agrees that a duly authorized officer of AIRLINE shall execute a certificate stating that the information relating to AIRLINE, if any, contained in the official statement is accurate in all material respects (except as otherwise set forth in such certificate) on and as of the date thereof, provided, however, that no such certification need be made with respect to the completeness of such information.