Common use of Initial Appraised Value Clause in Contracts

Initial Appraised Value. On the Utilisation Date, each of the Aircraft is enrolled on a tip to tail manufacturer program which shall cover, for the avoidance of doubt, the airframe and the Engines, in accordance with the Maintenance Program applicable at that time.

Appears in 2 contracts

Samples: Facility Agreement (Bristow Group Inc.), Facility Agreement (Bristow Group Inc.)

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Initial Appraised Value. On the Utilisation Date, each of the Aircraft is enrolled on a tip to tail manufacturer program which shall cover, for the avoidance of doubt, the airframe and the airframe, Engines, in accordance with the Maintenance Program applicable at that time.

Appears in 2 contracts

Samples: Facility Agreement (Bristow Group Inc.), Facility Agreement (Bristow Group Inc.)

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Initial Appraised Value. On the Utilisation Date, each Date of the Loan in respect of the Aircraft against which the relevant Utilisation is being made, such Aircraft is enrolled on a tip to tail manufacturer program which shall cover, for the avoidance of doubt, the airframe and the Engines, in accordance with the Maintenance Program applicable at that time.

Appears in 1 contract

Samples: Facility Agreement (Bristow Group Inc.)

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