Civil Reserve Air Fleet Program Sample Clauses

Civil Reserve Air Fleet Program. Transfer or permit any Permitted Sublessee, if required by law to do so, to transfer possession of the Aircraft, Airframe or any Engine to the Government pursuant to the Civil Reserve Air Fleet Program or any similar or substitute programs, so long as such transfer of possession does not continue beyond the end of the Term and so long as Lessee shall (A) promptly notify Lessor upon subjecting the Airframe or any Engine to such program and provide Lessor with the name and address of the appropriate party to whom notice must be given in connection with any repossession of the Aircraft under Section 15.1.1, and (B) promptly notify Lessor upon transferring possession of the Airframe or any Engine to the Government pursuant to such program;
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Civil Reserve Air Fleet Program. Transfer or permit any Permitted Sublessee, if required by law to do so, to transfer possession of the Aircraft, Airframe or any Engine to the Government pursuant to the Civil Reserve Air Fleet Program administered pursuant to Executive Order No. 10999, as amended, or any similar or substitute programs, so long as such transfer of possession does not continue beyond SALE AND LEASE AGREEMENT 19 the end of the Term and so long as Lessee shall (A) promptly notify Lessor upon subjecting the Airframe or any Engine to such program and provide Lessor with the name and address of the appropriate party to whom notice must be given pursuant to Section 16 hereof, and (B) promptly notify Lessor upon transferring possession of the Airframe or any Engine to the Government pursuant to such program;
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Civil Reserve Air Fleet Program. To the extent any of the Financed Aircraft or any component thereof are leased or under contract to the United States or any agency or instrumentality thereof pursuant to the Civil Reserve Air Fleet Program established pursuant to 10 U.S.C. 9511-13 (as administered pursuant to Executive Order 1268, or any substitute regulation or order), or a similar program, Company shall use its reasonable best efforts to take such actions as the Administrative Agent may reasonably request to ensure that the Administrative Agent, for the benefit of the Lenders, (i) is a loss payee under any insurance policy or indemnity granted to Company or any of its affiliates by the United States or any agency or instrumentality thereof and/or (ii) has a perfected security interest in the proceeds of any payments made by the United States or any agency or instrumentality thereof pursuant to any such insurance policy or indemnity.
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Civil Reserve Air Fleet Program. Lessee may subject the Aircraft, the Airframe or any Engine to the Civil Reserve Air Fleet Program and transfer possession of the Airframe or any Engine to the United States, or any agency or instrumentality thereof, pursuant to the Civil Reserve Air Fleet Program, so long as (1) Lessee shall promptly notify Lessor upon subjecting the Airframe or any Engine to the Civil Reserve Air Fleet Program and provide Lessor with the name and address of the appropriate Contracting Officer Representative for the Military Airlift Command of the United States Air Force, (2) Lessee shall promptly notify Lessor of any such transfer, and (3) the period of such transfer does not extend beyond the end of the Lease Term. Lessor shall reasonably cooperate with Lessee in Lessee's participation in such program, provided that Lessor shall not be required to provide any such cooperation to the extent such cooperation would have a material adverse effect on Lessor's or any Financing Party's rights hereunder or under any other Operative Document or such cooperation by Lessor is prohibited by the Financing Security Documents. The rights of any Person who receives possession by reason of a transfer permitted by this Section 8 shall be effectively and expressly subject and subordinate to all the terms of this Agreement and each other Operative Document, including the covenants contained in this Section 8 and Section 11 and the rights of Lessor to repossession pursuant to Section 13 and to avoid transfer upon such possession. No sublease, wet lease or other relinquishment or transfer of possession of the Aircraft or Airframe, or any Engine or Part, shall in any way release, discharge or otherwise limit or diminish any of Lessee's obligations to Lessor or any Financing Party (it being agreed that notwithstanding any such sublease or other transfer or relinquishment of possession, Lessee shall continue to be primarily liable and responsible for performance of all of its obligations under this Agreement and each other Operative Document), or constitute a waiver of Lessor's or any Financing Party's rights or remedies hereunder or affect the registration of the Aircraft with the Aviation Authority.
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Civil Reserve Air Fleet Program. LESSEE may subject the Aircraft to the Civil Reserve Air Fleet Program ("CRAF") and transfer possession of the Aircraft to the United States, or any agency or instrumentality thereof, pursuant to CRAF, so long as (i) LESSEE shall promptly notify LESSOR upon subjecting the Aircraft to CRAF and provide LESSOR with the name and address of the appropriate Contracting Officer Representative for the Military Airlift Command of the United States Air Force, (ii) LESSEE shall promptly notify LESSOR of any such transfer, and (iii) the period of such transfer does not extend beyond the end of the Lease Term.
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Civil Reserve Air Fleet Program. Transfer or permit any Permitted Sublessee, if required by law to do so, to transfer possession of the Aircraft, Airframe or any
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Civil Reserve Air Fleet Program. The other provisions of this Lease to the contrary notwithstanding, the Lessee may transfer possession of the Aircraft or any Engine to the United States of America or any other instrumentality or agency thereof as part of the Civil Reserve Air Fleet Program ("CRAF Program") for a period not to extend beyond the end of the Term; provided, that if, at any time during the Term, the Aircraft is called into service by the Government pursuant to the CRAF Program and is not returned or released by the Government on or before the last scheduled day of the Term, the Term shall be extended automatically for up to an additional six months thereafter. The Lessee will promptly notify the Lessor in writing in the event of the requisition for use of the Aircraft under CRAF Program activation by the Government ("Civil Reserve Air Fleet Requisition"). All of the Lessee's obligations under this Lease will continue to the same extent as if such requisition had not occurred. If there is a requisition for use of the Aircraft pursuant to the CRAF Program or CRAF Program activation, there may be substituted for all or any part of the insurance required by ss. 12 insurance provided under 49 U.S.C. ss. 44301 et seq. or Government indemnification; provided, that the Lessee will remain responsible for full compliance with all the provisions of this Lease whether or not Government insurance or Government indemnification satisfies the Lessee's obligations under this Lease. If there is a requisition for use of the Aircraft pursuant to the CRAF Program or CRAF Program activation, there will be no limitation on the geographic area in which the Aircraft may be operated. The Lessee hereby assigns to the Lessor all rights to payment for the Aircraft by the Government under the CRAF Program to secure all the Lessee's obligations to pay Rent and to perform its other obligations under the Operative Agreements. At such time as the Lessor is paid in full for all amounts it is due and owed by the Lessee, the aforesaid assignment shall terminate without further act of the parties and all such amounts owed by the Government under the CRAF Program to the Lessee but paid to the Lessor, which the Lessor has not previously applied to compensate itself for amounts due hereunder from the Lessee, shall be paid to the Lessee. . Each of the following shall constitute an "Event of Default" (whether any such event shall be voluntary or involuntary or come about or be effected by operation of law or pursuant ...
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Civil Reserve Air Fleet Program. 94 16.21 Section 1110.............................................. 95 16.22 Article 2-A of the UCC.................................... 95
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Civil Reserve Air Fleet Program. So long as no Significant Default or Event of Default has occurred and is continuing, the Lessee may subject the Aircraft, the Airframe or an Engine to the Civil Reserve Air Fleet Program and transfer possession of the Airframe or an Engine to the United States government, or any agency or instrumentality thereof, pursuant to the Civil Reserve Air Fleet Program so long as (i) the Lessee shall promptly notify the Lessor upon subjecting the Airframe or an Engine to the Civil Reserve Air Fleet Program and provide the Lessor with a name and address of the appropriate contracting officer representative for the Military Airlift Command of the United States Air Force, (ii) the Lessee shall promptly notify the Lessor of any such transfer and (iii) the period of such transfer does not extend beyond the end of the Term. Except as expressly provided herein, all of the Lessee's obligations under this Agreement shall continue and the Lessee shall remain primarily liable for the performance of all of the terms of this Agreement to the same extent as if the Aircraft had never become subject to such Civil Reserve Air Fleet Program.
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Related to Civil Reserve Air Fleet Program

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