COMPLIANCE WITH AIRWORTHINESS DIRECTIVES Sample Clauses

COMPLIANCE WITH AIRWORTHINESS DIRECTIVES. Lessee shall ensure at its cost and expense that the Aircraft shall at all times have a currently effective airworthiness certificate issued by the FAA under the Federal Aviation Regulations (or by any other governmental authority having jurisdiction over the operation of the Aircraft). Lessee (or during the term of any Permitted Sublease, the Permitted Sublessee), at its cost and expense, shall ensure that the Aircraft is in compliance with all applicable Airworthiness Directives, and Federal Aviation Regulation requirements (or the requirements of any other governmental authority having jurisdiction over the Aircraft). All Airworthiness Directives shall be accomplished in accordance with all applicable bulletins and manuals published by the manufacturer of the Airframe or Engines or Parts or FAA-approved data developed by Lessee, and in a manner consistent with similar aircraft owned, leased or operated by Lessee.
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COMPLIANCE WITH AIRWORTHINESS DIRECTIVES. Lessee shall ensure at its cost and expense that the Aircraft shall at all times have a currently effective airworthiness certificate issued by the FAA under the Federal Aviation Regulations (or by any other governmental authority having jurisdiction over the operation of the Aircraft). Lessee, at its cost and expense, shall ensure that the Aircraft is in compliance with all applicable Airworthiness Directives, manufacturer's "alert" service bulletins and Federal Aviation Regulation requirements (or the requirements of any other governmental authority having jurisdiction over the Aircraft) which become due during the Term or are otherwise required to be performed within six (6) months following the end of the Term. All Airworthiness Directives shall be accomplished in accordance with all applicable bulletins and manuals published by the Manufacturer or FAA-approved data developed by Lessee, and in a manner consistent with similar aircraft owned, leased or operated by Lessee. Lessee shall include with the Manual and Technical Records all documentation necessary to establish the source data, method of compliance, verification of accomplishment, quality assurance and all schedules of recurring action of any Airworthiness Directive.
COMPLIANCE WITH AIRWORTHINESS DIRECTIVES. 3.1 Before transfer to a Permit to Fly it must be checked that the aircraft, engine, propeller and equipment comply with all applicable Airworthiness Directives. These can be identified either in the latest version of the CAA MAMIS (which can be downloaded from the CAA website) or LAA inspectors can find them (where covered) in the Aircraft, Engine and Propeller Sections of the LAA Inspector’s SPARS book, or in the relevant LAA TADS (Type Acceptance Data Sheets). Compliance with applicable ADs can be checked by reference to the aircraft’s logbooks. In cases of doubt, a physical check on the aircraft must be carried out. Note that some ADs require recurring actions, so even though it may have been actioned once it may need further action later. Also note the possibility that components may have been changed since AD actions were carried out, so AD actions may be required on the replaced parts.
COMPLIANCE WITH AIRWORTHINESS DIRECTIVES. Each Aircraft shall at all times during which it is registered with any Governmental Authority under any Requirement of Law, including without limitation registration with the FAA under the Federal Aviation Act, and in passenger or cargo service operation have an appropriate, currently effective airworthiness certificate issued by the Governmental Authority of the jurisdiction of its registration and shall be in compliance with all Airworthiness Directives applicable to the Aircraft. All Airworthiness Directives shall be accomplished in accordance with all applicable bulletins and manuals published by the manufacturer of the Airframe or Aircraft Engines or Aircraft Parts or FAA-approved or other applicable Governmental Authority-approved data. The Borrower may determine not to have or maintain any airworthiness certificate or comply with any such Airworthiness Directive in respect of or applicable to any Aircraft that is not in passenger or cargo operation, if the Borrower gives to the Lender notice of such determination no less than twenty (20) Business Days prior to the termination or expiration of any airworthiness certificate in effect with respect to such Aircraft or such non-compliance, as the case may be, and five (5) Business Days after Receipt by the Borrower of notice of such Airworthiness Directive and, further, if the effect thereof is to materially decrease the fair market value or Forced Liquidation Value of such Aircraft, the Borrower provides at the expense of the Borrower to the Lender in advance an Appraisal of such Aircraft which gives effect to such termination, expiration or non-compliance. 6.13

Related to COMPLIANCE WITH AIRWORTHINESS DIRECTIVES

  • Compliance with Regulatory Requirements Upon demand by Lender, Borrower shall reimburse Lender for Lender’s additional costs and/or reductions in the amount of principal or interest received or receivable by Lender if at any time after the date of this Agreement any law, treaty or regulation or any change in any law, treaty or regulation or the interpretation thereof by any Governmental Authority charged with the administration thereof or any other authority having jurisdiction over Lender or the Loans, whether or not having the force of law, shall impose, modify or deem applicable any reserve and/or special deposit requirement against or in respect of assets held by or deposits in or for the account of the Loans by Lender or impose on Lender any other condition with respect to this Agreement or the Loans, the result of which is to either increase the cost to Lender of making or maintaining the Loans or to reduce the amount of principal or interest received or receivable by Lender with respect to such Loans. Said additional costs and/or reductions will be those which directly result from the imposition of such requirement or condition on the making or maintaining of such Loans.

  • Compliance with Applicable Requirements In carrying out its obligations under this Agreement, the Advisor shall at all times conform to:

  • Compliance with Applicable Regulations In performing its duties hereunder, the Subadviser

  • Compliance with Rules To comply with, and to require the Contractors to comply with, all rules, regulations, ordinances and laws bearing on the conduct of the work on the Improvements, including the requirements of any insurer issuing coverage on the Project and the requirements of any applicable supervising boards of fire underwriters.

  • Compliance With Insurance Requirements Borrower will comply with all Insurance requirements and will not permit any condition to exist on the Mortgaged Property that would invalidate any part of any Insurance coverage required under this Loan Agreement.

  • Compliance with Applicable Laws, Rules and Regulations The Dealer Manager represents to the Company that (a) it is a member of FINRA in good standing, and (b) it and its employees and representatives who will perform services hereunder have all required licenses and registrations to act under this Agreement. With respect to its participation and the participation by each Participating Dealer in the offer and sale of the Offered Shares (including, without limitation, any resales and transfers of Offered Shares), the Dealer Manager agrees, and, by virtue of entering into the Participating Dealer Agreement, each Participating Dealer shall have agreed, to comply with any applicable requirements of the Securities Act and the Exchange Act, applicable state securities or blue sky laws, and, specifically including, but not in any way limited to, NASD Conduct Rules 2340 and 2420, and FINRA Conduct Rules 2310, 5130 and 5141.

  • Compliance with Regulations The Contractor will comply with the Regulations of the Department of Transportation relative to nondiscrimination in Federally assisted programs of the Department of Transportation (Title 49, Code of Federal Regulations, Part 21, hereinafter referred to as the "Regulations"), which are herein incorporated by reference and made a part of this Agreement.

  • Compliance with Applicable Laws and Regulations (a) The Company shall not be required to issue or deliver any Shares pursuant to this Agreement pending compliance with all applicable federal and state securities and other laws (including any registration requirements or tax withholding requirements) and compliance with the rules and practices of any stock exchange upon which the Company’s Shares are listed.

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