Other Aircraft Clause Samples
POPULAR SAMPLE Copied 1 times
Other Aircraft. An Engine or Part may be installed on an aircraft which Lessee owns or leases, which is insured to Lessor's reasonable satisfaction, if:
(i) no Event of Default has occurred and is continuing;
(ii) Lessee or a Permitted Sub-Lessee has operational control over the aircraft;
(iii) Owner keeps the ownership of the Engine or Part concerned until replaced in accordance with Section 8.11(b);
(iv) the Engine or Part does not become subject to a Security Interest and the applicable airframe is not subject to any Security Interest except a Permitted Lien or a lease or Security Interest described in Section 8.11(a) above; and
(v) the Engine or Part is replaced in accordance with Section 8.11(b) and is removed from the aircraft as soon as practicable under Lessee's engine rotation program (in the case of an Engine) but not later than the Expiry Date;
Other Aircraft. An Engine or Part may be installed on an aircraft which Lessee owns or leases if:
(i) no Event of Default has occurred and is continuing;
(ii) Lessee or a Permitted Sub-Lessee has operational control over the aircraft;
(iii) Owner keeps the ownership of the Engine or Part concerned until replaced in accordance with Section 8.11(b);
(iv) the Engine or Part does not become subject to a Security Interest and the applicable airframe is not subject to any Security Interest except a Permitted Lien or a lease or Security Interest described in Section 8.11(a) above; and
(v) the Engine or Part is replaced in accordance with Section 8.11(b) or is removed from the aircraft as soon as practicable under Lessee's engine rotation program but not later than the Expiry Date.
Other Aircraft. Except as otherwise expressly provided in Sections 2.04(b), 3.02(c) and 10.04 of this Agreement, LIFT shall not, and shall not permit any other Person within the LIFT Group or any agent of any Person thereof (including the Administrative Agent) to, enter into, or cause or permit any Person (other than the Servicer or any Person acting for or on its behalf) to enter into on its behalf, (a) any transaction for the lease or sale of any Aircraft Asset SERVICING AGREEMENT in respect of which the Servicer is at such time performing Services or (b) any agreement for the performance by any Person other than the Servicer of some or all of the Services, in the case of (a) and (b) without the prior written consent of the Servicer.
Other Aircraft. [CONFIDENTIAL PORTION OMITTED AND FILED SEPARATELY WITH THE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT]. [CONFIDENTIAL PORTION OMITTED AND FILED SEPARATELY WITH THE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT].
Other Aircraft. An Engine or Part may be installed on an aircraft which Sublessee owns or leases, which is insured to Sublessor’s satisfaction, if:
(a) no Event of Default has occurred and is continuing;
(b) Sublessee has operational control over the aircraft;
(c) Head Lessor keeps the ownership of the Engine or Part concerned (and any interest of any Financing Parties in such Engine or Part remains unaffected) until replaced in accordance with Section 6.2.2;
(d) the Engine or Part does not become subject to a Lien (except a Permitted Lien) and the applicable airframe is not subject to any Lien except a Permitted Lien or a lease or Lien described in Section 6.2.1 above, and in case of an Engine, the Sublessor has received the recognition of rights agreement provided for in Section 6.2.1; and
(e) the Engine or Part is replaced in accordance with Section 6.2.2 and is removed from the aircraft as soon as practicable under Sublessee’s engine rotation program but not later than the Expiration Date;
Other Aircraft. The conditions to US Airways’ obligations set forth in this Agreement with respect to each other Owned Aircraft shall have been satisfied or waived by US Airways (except for one other Aircraft, other than due to a breach by Republic).
Other Aircraft. The Closing for each Aircraft scheduled prior to the Closing Date for such Owned Aircraft shall have been consummated, and the conditions to Republic’s obligations set forth in this Agreement with respect to each other Aircraft with a Closing scheduled on the Closing Date for such Owned Aircraft shall have been satisfied or waived by Republic (except for one other Aircraft, other than due to a breach by US Airways).
Other Aircraft. The conditions precedent to the obligations of the Pass Through Trustees under each of the other "Participation Agreements" (as defined in the Intercreditor Agreement) set forth in such other "Participation Agreements" shall have been satisfied or waived in accordance with the terms thereof and the "Closing" as defined therein shall have occurred contemporaneously with the Closing hereunder.
Other Aircraft. (1) Appraisal Value of aircraft and engines listed on Schedule 1.1 of the Credit Agreement (other than DC-9 aircraft and engines) $_________
(2) Less Appraisal Value of aircraft and engines not meeting the specifications of Eligible Other Aircraft $_________
(3) Appraisal Value of Eligible Other Aircraft $_________
(4) 75% of B(3) $_________
Other Aircraft. 28 SECTION 6.05. Communications................................................28 SECTION 6.06. Ratification..................................................29 SECTION 6.07. Additional Aircraft Assets....................................29 SECTION 6.08. Execution, Amendment, Modification or Termination of Aircraft Assets Related Documents.............................................29 SECTION 6.09. Access to LIFT Group Information..............................30 SECTION 6.10. LIFT Group Accounts and Cash Arrangements..................................................31 SECTION 6.11. Notification of Bankruptcy....................................31 SECTION 6.12. Further Assurances............................................32 SECTION 6.13. Guarantees ..................................................32 SECTION 6.14. Transfers of Funds............................................32 ARTICLE VII LIFT GROUP RESPONSIBILITY SECTION 7.01. LIFT Group Responsibility.....................................32 SECTION 7.02. Performance with Respect to Aircraft Assets........................................................33 SECTION 7.03. Lease Operating Budget; Aircraft Asset Expenses Budget.........................................33 ii SECTION 7.04. Transaction Approval Requirements.............................35 SECTION 7.05. Approved Budgets and Transaction Approval Requirements.........................................38 ARTICLE VIII EFFECTIVENESS SECTION 8.01. Effectiveness.................................................39 ARTICLE IX SERVICING FEES; EXPENSES; TAXES; PRIORITY OF SERVICING FEES
