Certain Limitations on Use Sample Clauses

Certain Limitations on Use. 44 (i) Section 1110.......................................... 45 (j)
AutoNDA by SimpleDocs
Certain Limitations on Use. Lessee shall use the Engine only in commercial passenger operations and related cargo operations. Unless the Owner Participant otherwise agrees, during the Restricted Use Period, Lessee shall not use the Engine or permit the Engine to be used either "predominantly outside the United States" within the meaning of Section 48(a)(2) of the Code, or in such manner that the percentage of the income, deduction or credit attributable to the Engine for federal income tax purposes during any taxable year of the Lessor considered to be from foreign sources exceeds the Maximum Foreign Use Percentage. Unless Owner Participant otherwise agrees, prior to permitting the Engine to be operated in any member state of the European Union or other European country, Lessee shall
Certain Limitations on Use. Lessee shall use the Aircraft, Airframe or Engines only in commercial passenger operations and related cargo operations. Unless Owner Participant otherwise agrees, during the Restricted Use Period, Lessee shall not use the Aircraft, Airframe or Engines or permit the Aircraft, Airframe or Engines to be used either "predominantly outside the United States" within the meaning of Section 48(a)(2) of the Code, or in such manner that the percentage of the income, deduction or credit attributable to the Aircraft, Airframe or Engines for federal income tax purposes during any taxable year of the Lessor considered to be from foreign sources exceeds the
Certain Limitations on Use. 44 (i) Section 1110 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45 (j)
Certain Limitations on Use. Lessee shall use the Aircraft, Airframe or Engines only in commercial passenger operations and related cargo operations. Unless Owner Participant otherwise agrees, during the Restricted Use Period, Lessee shall not use the Aircraft, Airframe or Engines or permit the Aircraft, Airframe or Engines to be used "predominantly outside the United States" within the meaning of Section 48(a)(2) of the Code. In addition, until the expiration of the Term or termination of the Foreign Lease Agreement, Lessee will not locate or use or permit the location or use of the Aircraft in, to or from Hong Kong or the People's Republic of China or in such manner that the percentage of the income, deduction or credit attributable to the Aircraft, Airframe or Engines for federal income tax purposes during any taxable year of the Lessor considered to be from foreign sources exceeds the Maximum Foreign Use Percentage. Unless the Owner Participant otherwise agrees, prior to permitting the Aircraft to be operated in any member state of the European Union or other European country, Lessee shall deliver to Lessor (i) a representation and warranty to the effect that Lessee (or any Permitted Sublessee) has no knowledge of any dispute with Eurocontrol or other relevant air traffic control authority over delinquent charges payable by it and (ii) a letter from Lessee (or any Permitted Sublessee) addressed to Eurocontrol or other relevant air traffic control authority pursuant to which Lessee (or such Permitted Sublessee) authorizes the addressee to issue to Lessor, upon Lessor's request from time to time, a statement of account of all sums due by Lessee (or such Permitted Sublessee) to the authority in respect of all aircraft (including, without limitation,the Aircraft) operated by Lessee (or such Permitted Sublessee).
Certain Limitations on Use. Lessee shall use the Aircraft, Airframe or Engines only in commercial passenger operations and related cargo operations. Unless Owner Participant otherwise agrees, during the Restricted Use Period, Lessee shall not use the Aircraft, Airframe or Engines or permit the Aircraft, Airframe or Engines to be used either "predominantly outside the United States" within the meaning of Section 48(a)(2) of the Code, or in such manner that the percentage of the income, deduction or credit attributable to the Aircraft, Airframe or Engines for federal income tax purposes during any taxable year of the Lessor considered to be from foreign sources exceeds the Maximum Foreign Use Percentage. In addition, until the expiration of the Term or termination of the Foreign Lease Agreement, Lessee will not locate, use or permit the use of the Aircraft in, to or from Japan. Unless the Owner Participant otherwise agrees, prior to permitting the Aircraft to be operated in any member state of the European Union or other European country, Lessee shall deliver to Lessor (i) a representation and warranty to the effect that Lessee (or any Permitted Sublessee) has no knowledge of any dispute with Eurocontrol or other relevant air traffic
Certain Limitations on Use. Lessee shall use the Aircraft, Airframe or Engines only in commercial passenger operations and related cargo operations. Unless Owner Participant otherwise agrees, during the Restricted Use Period, Lessee shall not use the Aircraft, Airframe or Engines or permit the Aircraft, Airframe or Engines to be used either "predominantly outside the United States" within the meaning of Section 48(a)(2) of the Code. Unless the Owner Participant otherwise agrees, prior to permitting the Aircraft to be operated in any member state of the European Community or other European country, Lessee shall deliver to Lessor (i) a representation and warranty to the effect that Lessee (or any Permitted Sublessee) has no knowledge of any dispute with Eurocontrol or other relevant air traffic control authority over delinquent charges payable by it and (ii) a letter from Lessee (or any Permitted Sublessee) addressed to Eurocontrol or other relevant air traffic control authority pursuant to which Lessee (or such Permitted Sublessee) authorizes the addressee to issue to Lessor, upon Lessor's request from time to time, a statement of account of all sums due by Lessee (or such Permitted Sublessee) to the authority in respect of all aircraft (including, without limitation,the Aircraft) operated by Lessee (or such Permitted Sublessee).
AutoNDA by SimpleDocs
Certain Limitations on Use. Lessee shall use the Aircraft, Airframe or Engines only in commercial passenger operations and related cargo operations. Unless Owner Participant otherwise agrees, during the Restricted Use Period, Lessee shall not use the Aircraft, Airframe or Engines or permit the Aircraft, Airframe or Engines to be used either "predominantly outside the United States" within the meaning of Section 48(a)(2) of the Code, or in such manner that the percentage of the income, deduction or credit attributable to the Aircraft, Airframe or Engines for federal income tax purposes during any taxable year of the Lessor considered to be from foreign sources exceeds the Maximum Foreign Use Percentage. In addition, until the expiration of the Term or termination of the Foreign Lease Agreement, Lessee will not locate, use or permit the use of the Aircraft in, to or from Japan. Unless the Owner Participant otherwise agrees, prior to permitting the Aircraft to be operated in any member state of the European Union or other European country, Lessee shall deliver to Lessor (i) a representation and warranty to the effect that Lessee (or any Permitted Sublessee) has no knowledge of any dispute with Eurocontrol or other relevant air traffic control authority over delinquent charges payable by it and (ii) a letter from Lessee (or any Permitted Sublessee) addressed to Eurocontrol or other relevant air traffic control authority pursuant to which Lessee (or such Permitted Sublessee) authorizes the addressee to issue to Lessor, upon Lessor's request from time to time, a statement of account of all sums due by Lessee (or such Permitted Sublessee) to the authority in respect of all aircraft (including, without limitation,the Aircraft) operated by Lessee (or such Permitted Sublessee). (i) Section 1110. Lessee acknowledges that Lessor would not have entered into this Second Amended and Restated Aircraft Lease Agreement unless it had available to it the benefits of a Lessor under Section 1110 of Title 11 of the United States Code. Lessee covenants and agrees with Lessor that to better ensure the availability of such benefits, Lessee shall support any motion, petition or application filed by Lessor with any bankruptcy court having jurisdiction over Lessee, whereby Lessor seeks recovery of possession of the Aircraft under said Section 1110 and shall not in any way oppose such action by Lessor unless Lessee shall have complied with the requirements of said Section 1110 to be fulfilled in order to entitle ...
Certain Limitations on Use. All Provider Information furnished by both parties for LSI in response to Client requests for Services is for the exclusive use of the parties solely in connection with the transaction for which it is ordered. Both parties shall at all times hold Provider Information and other non-public proprietary business information of each other in strict confidence and disclose it only to persons with a “need to know” and whose duties reasonably relate to the legitimate business purposes for which such information is obtained. Neither party shall not sell, transfer, license or sublicense to third parties any Provider Information except as may be specifically permitted in this Agreement. Neither party shall capture, start or use copies of any Provider Information except as necessary for archiving or document retention purposes related to the transaction for which it is ordered. Provider Information shall not be used to build or to validate any electronically searchable database of consumer or real estate related information.
Certain Limitations on Use. All Provider Information furnished by or for LSI in response to Client requests for Services is for the exclusive use of Client solely in connection with the transaction for which it is ordered. Client shall at all times hold Provider Information and other non-public proprietary business information of LSI and its suppliers in strict confidence and disclose it only to persons with a “need to know” and whose duties reasonably relate to the legitimate business purposes for which such information is obtained. Client shall not sell, transfer, license or sub-license to third parties any Provider Information except as may be specifically permitted in this Agreement. Client shall not capture, store or use copies of any Provider Information except as necessary for archiving or document retention purposes related to the transaction for which it is ordered. Provider Information shall not be used to build or to validate any electronically searchable database of consumer or real estate related information.
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!