Common use of Concentration Limits Clause in Contracts

Concentration Limits. Without the prior written consent of the Facility Agent, the Borrower shall not permit any ACS Ireland Subsidiary to lease or re-lease any Aircraft if entering into such proposed Lease would cause the ACS Group Portfolio to exceed any of the Concentration Limits set forth in Exhibit C hereto (as such limits may be adjusted by from time to time with the consent of the Facility Agent, the “Concentration Limits”); provided that the Borrower or any ACS Ireland Subsidiary shall be entitled to renew or extend any Lease to the existing Lessee thereunder irrespective of the effect of such renewal or extension on the Concentration Limits. The Borrower shall not, and shall not permit any ACS Ireland Subsidiary to, (i) lease (including any renewal or extension of any existing Lease) any Aircraft to any Lessee habitually based or domiciled in any of the jurisdictions set forth as “Prohibited” in the last section of the Concentration Limits as set forth on Exhibit C hereto and as amended from time to time upon the receipt of the prior written consent of the Facility Agent (each such jurisdiction, a “Prohibited Country”), (ii) enter into any Lease (including any renewal or extension of any existing Lease) that expressly permits the Lessee to sublease an Aircraft to a sublessee habitually based or domiciled in a Prohibited Country, or (iii) consent to a sublease of an Aircraft to a sublessee habitually based or domiciled in a Prohibited Country.

Concentration Limits. Without the prior written consent of the Facility Agent, the Borrower shall not permit any ACS Ireland Bermuda Subsidiary to lease or re-lease any Aircraft if entering into such proposed Lease would cause the ACS Group Portfolio to exceed any of the Concentration Limits set forth in Exhibit C hereto (as such limits may be adjusted by from time to time with the consent of the Facility Agent, the “Concentration Limits”); provided that the Borrower or any ACS Ireland Bermuda Subsidiary shall be entitled to renew or extend any Lease to the existing Lessee thereunder irrespective of the effect of such renewal or extension on the Concentration Limits. The Borrower shall not, and shall not permit any ACS Ireland Bermuda Subsidiary to, (i) lease (including any renewal or extension of any existing Lease) any Aircraft to any Lessee habitually based or domiciled in any of the jurisdictions set forth as “Prohibited” in the last section of the Concentration Limits as set forth on Exhibit C hereto and as amended from time to time upon the receipt of the prior written consent of the Facility Agent (each such jurisdiction, a “Prohibited Country”), (ii) enter into any Lease (including any renewal or extension of any existing Lease) that expressly permits the Lessee to sublease an Aircraft to a sublessee habitually based or domiciled in a Prohibited Country, or (iii) consent to a sublease of an Aircraft to a sublessee habitually based or domiciled in a Prohibited Country.

Concentration Limits. Without receipt of a Rating Agency Confirmation from Moody's and the prior written consent of the Facility AgentPolicy Provider, the Borrower Issuer shall not permit any ACS Ireland Subsidiary to lease or re-lease any Aircraft if entering into such proposed Lease would cause the ACS Group Portfolio to exceed any of the Concentration Limits set forth in Exhibit C hereto (as such limits may be adjusted by the Issuer from time to time with time, subject to receipt of a Rating Agency Confirmation and the prior written consent of the Facility AgentPolicy Provider, the “"Concentration Limits”"); provided that the Borrower Issuer or any ACS Ireland Subsidiary shall be entitled to renew or extend any Lease to the existing Lessee thereunder irrespective of the effect of such renewal or extension on the Concentration LimitsLimits with the prior written consent of the Policy Provider. The Borrower Issuer shall not, and shall not permit any ACS Ireland Subsidiary to, (i) lease (including any renewal or extension of any existing Lease) any Aircraft to any Lessee habitually based or domiciled in any of the jurisdictions set forth as “"Prohibited” " in the last section of the Concentration Limits as set forth on Exhibit C hereto and as amended from time to time upon the receipt of a Rating Agency Confirmation and the prior written consent of the Facility Agent Policy Provider (each such jurisdiction, a “"Prohibited Country”"), (ii) enter into any Lease (including any renewal or extension of any existing Lease) that expressly permits the Lessee to sublease an Aircraft to a sublessee habitually based or domiciled in a Prohibited Country, or (iii) consent to a sublease of an Aircraft to a sublessee habitually based or domiciled in a Prohibited Country.

Concentration Limits. Without receipt of a Rating Agency Confirmation from Moody’s and the prior written consent of the Facility AgentPolicy Provider, the Borrower Issuer shall not permit any ACS Ireland Subsidiary to lease or re-lease any Aircraft if entering into such proposed Lease would cause the ACS Group Portfolio to exceed any of the Concentration Limits set forth in Exhibit C hereto (as such limits may be adjusted by the Issuer from time to time with time, subject to receipt of a Rating Agency Confirmation from Moody’s, the delivery of written notice of such adjustment to Standard and Poor’s, and the receipt of the prior written consent of the Facility AgentPolicy Provider, the “Concentration Limits”); provided that the Borrower Issuer or any ACS Ireland Subsidiary shall be entitled to renew or extend any Lease to the existing Lessee thereunder irrespective of the effect of such renewal or extension on the Concentration LimitsLimits with the prior written consent of the Policy Provider. The Borrower Issuer shall not, and shall not permit any ACS Ireland Subsidiary to, (i) lease (including any renewal or extension of any existing Lease) any Aircraft to any Lessee habitually based or domiciled in any of the jurisdictions set forth as “Prohibited” in the last section of the Concentration Limits as set forth on Exhibit C hereto and as amended from time to time upon the receipt of a Rating Agency Confirmation from Moody’s, the delivery of written notice of such amendment to Standard & Poor’s, and the receipt of the prior written consent of the Facility Agent Policy Provider (each such jurisdiction, a “Prohibited Country”), (ii) enter into any Lease (including any renewal or extension of any existing Lease) that expressly permits the Lessee to sublease an Aircraft to a sublessee habitually based or domiciled in a Prohibited Country, or (iii) consent to a sublease of an Aircraft to a sublessee habitually based or domiciled in a Prohibited Country.