Limitation on Employees. The Borrower shall not, and shall not permit any ACS Ireland Subsidiary to, employ or maintain any employees other than as required by any provisions of local law; provided that directors shall not be deemed to be employees for purposes of this Section 5.02(o).
Appears in 2 contracts
Samples: Intercreditor Agreement (Aircastle LTD), Intercreditor Agreement (Aircastle LTD)
Limitation on Employees. The Borrower Issuer shall not, and shall not permit any ACS Ireland Subsidiary to, employ or maintain any employees other than as required by any provisions of local law; provided that indenture trustees and directors shall not be deemed to be employees for purposes of this Section 5.02(o).
Appears in 2 contracts
Samples: Trust Indenture (Aircastle LTD), Trust Indenture (Aircastle LTD)
