Original Aircraft Sample Clauses

Original Aircraft. 64 SECTION 13.06. Amendments Involving Leveraged Lease Transactions...........................................64 SCHEDULES Schedule 2.02(a) Aircraft Assets Services Schedule 2.02(a)(i) Applicable Indenture Covenants Schedule 2.02(a)(ii) Form of Officer's Certificate Schedule 4.01 Aircraft Assets Schedule 4.02 Aircraft Assets Related Documents Schedule 4.03 Bank Accounts Schedule 4.04(a) List of Persons within the LIFT Group and Jurisdictions Schedule 7.01 Responsibilities of LIFT Group Schedule 7.04 Liabilities Incurred in Ordinary Course of Business Schedule 8.01 Conditions to Execution Schedule 9.06(a) Overhead Expenses Schedule 9.06(b) Categories of Aircraft Asset Expenses Schedule 13.02 Power of Attorney iv ANNEXES Annex 1 Insurance Guidelines Annex 2 Concentration Limits APPENDICES Appendix A Construction and Usage; Definitions Appendix B Form of Guarantee Appendix C Notices SERVICING AGREEMENT dated as of June 26, 2001, between GE CAPITAL AVIATION SERVICES, LIMITED, a company incorporated under the laws of Ireland (the "Servicer") and LEASE INVESTMENT FLIGHT TRUST, a Delaware statutory business trust ("LIFT"). For the consideration set forth herein and other good and valuable consideration, the receipt of which is hereby acknowledged, the Servicer and LIFT agree as follows:
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Original Aircraft. In the event that in the Servicer's reasonable judgment the application of the terms of any provision hereunder in respect of any Aircraft Asset would not be appropriate prior to the title to such Aircraft Asset being transferred to a Person within the LIFT Group, then the Servicer shall take such action in respect of such 68 SERVICING AGREEMENT Aircraft Asset as is commercially reasonable or appropriate in such context or circumstances. The Servicer shall make a good faith effort to consult with LIFT prior to taking any action in reliance upon this Section 13.05, taking into account timing and other relevant considerations; PROVIDED, HOWEVER, that any failure to so consult with LIFT will not constitute a default under or violation of this Agreement.
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Original Aircraft. In the event that in the Servicer’s reasonable judgment the application of the terms of any provision hereunder in respect of any Aircraft Asset would not be appropriate prior to the title to such Aircraft Asset being transferred to a Person within the GFL Group, then the Servicer shall take such action in respect of such Aircraft Asset as is commercially reasonable or appropriate in such context or circumstances. The Servicer shall make a good faith effort to consult with GFL prior to taking any action in reliance upon this Section 13.05, taking into account timing and other relevant considerations; provided, however, that any failure to so consult with GFL will not constitute a default under or violation of this Agreement.
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Original Aircraft. In the event that in the Servicer’s reasonable judgment the application of the terms of any provision hereunder in respect of any Aircraft Asset would not be appropriate prior to the title to such Aircraft Asset being transferred to a Person within the Company Group, then the Servicer shall take such action in respect of such Aircraft Asset as is commercially reasonable or appropriate in such context or circumstances. The Servicer shall make a good faith effort to consult with the Company prior to taking any action in reliance upon this Section 13.05, taking into account timing and other relevant considerations; provided that any failure to so consult with the Company will not constitute a default under or violation of this Agreement.
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Original Aircraft. 68 SECTION 13.07.
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Original Aircraft. The parties acknowledge that this Agreement was originally drafted in connection with Aircraft Assets owned or leased-in by any Person within the AFT Group and not Original Aircraft. In the event that in the Servicer's reasonable judgment the application of the terms of any provision hereunder in respect of any Aircraft Asset would not be appropriate prior to the title to such Aircraft Asset being transferred to a Person within the AFT Group, then the Servicer shall take such action in respect of such Aircraft Asset as is commercially reasonable or appropriate in such context or circumstances. The Servicer shall make a good faith effort to consult with AFT prior to taking any action in reliance upon this Section 13.06, taking into account timing and other relevant considerations; provided, however, that any failure to so consult with AFT will not constitute a default under or violation of this Agreement.
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Related to Original Aircraft

  • Lease of Aircraft Lessor agrees to lease the Aircraft to Lessee pursuant to the provisions of FAR Section 91.501(b)(6) and Section 91.501(c)(1) and this Agreement, and to provide a fully-qualified and credentialed flight crew for all flights to be conducted hereunder during the Term (as defined in Section 13) hereof. The parties acknowledge and agree that this Agreement did not result in any way from any direct or indirect advertising, holding out or soliciting on the part of Lessor or any person purportedly acting on behalf of Lessor. Lessor and Lessee intend that the lease of the Aircraft effected by this Agreement shall be treated as a “wet lease” pursuant to which Lessor provides transportation services to Lessee in accordance with FAR Section 91.501(b)(6) and Section 91.501(c)(1).

  • Aircraft The Airframe to be sold by AVSA to the Owner Trustee as provided in the Participation Agreement and to be leased under the Lease (or any permitted substitute airframe thereunder) together with two Engines (whether either is an initial Engine or a Replacement Engine) whether or not any of such initial or Replacement Engines may from time to time be installed on such Airframe or may be installed on any other airframe or on any other aircraft, including any aircraft substituted pursuant to Section 11.03

  • Condition of Aircraft The Aircraft at the time of its return to Lessor shall have been maintained and repaired in accordance with the Approved Maintenance Program and this Lease with the same care and consideration for the technical condition of the Aircraft as if it were to have been kept in continued regular service by the Lessee, and shall meet the following requirements:

  • Return of Aircraft 64 23.1 Date of Return................................................64 23.2

  • Return of Aircraft, Etc (a) If an Event of Default shall have occurred and be continuing and the Equipment Notes have been accelerated, subject to Section 4.03 hereof and unless the Owner Trustee or the Owner Participant shall have elected to purchase the Equipment Notes, at the request of the Mortgagee, the Owner Trustee shall promptly execute and deliver to the Mortgagee such instruments of title and other documents as the Mortgagee may deem necessary or advisable to enable the Mortgagee or an agent or representative designated by the Mortgagee, at such time or times and place or places as the Mortgagee may specify, to obtain possession of all or any part of the Mortgaged Property included in the Trust Indenture Estate to which the Mortgagee shall at the time be entitled hereunder. If the Owner Trustee shall for any reason fail to execute and deliver such instruments and documents after such request by the Mortgagee, the Mortgagee may (i) obtain a judgment conferring on the Mortgagee the right to immediate possession and requiring the Owner Trustee to execute and deliver such instruments and documents to the Mortgagee, to the entry of which judgment the Owner Trustee hereby specifically consents to the fullest extent permitted by Law, and (ii) pursue all or part of such Mortgaged Property wherever it may be found and, in the event that a Lease Event of Default has occurred and is continuing, may enter any of the premises of Lessee wherever such Mortgaged Property may be or be supposed to be and search for such Mortgaged Property and take possession of and remove such Mortgaged Property. All expenses of obtaining such judgment or of pursuing, searching for and taking such property shall, until paid, be secured by the Lien of this Trust Indenture.

  • Use of Aircraft User warrants that:

  • AIRCRAFT CONFIGURATION The guarantees defined in Paragraphs 2 and 3 below (the “Guarantees”) are applicable to the A321 Aircraft as described in the A321 Standard Specification ***** as amended by the following SCNs:

  • Maintenance of Aircraft Lessor shall be solely responsible for securing maintenance, preventive maintenance and inspections of the Aircraft (utilizing an inspection program listed in FAR Section 91.409(f)), and shall take such requirements into account in scheduling the Aircraft hereunder.

  • Aircraft Basic Price The Aircraft Basic Price is listed in Table 1 and is subject to escalation in accordance with the terms of this Purchase Agreement.

  • Flight Crew (a) Lessor shall employ or engage and pay all salaries, benefits and/or compensation for a fully-qualified flight crew with appropriate credentials to conduct each flight undertaken under this Agreement. Lessor may use temporary flight crewmembers for a flight under this Agreement only if any such temporary crewmember is FlightSafety (or SimuFlite) trained, is current on the Aircraft and satisfies all of the requirements and conditions under the insurance coverage for the Aircraft. All flight crewmembers shall be included on any insurance policies that Lessor is required to maintain hereunder.

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