Request for Authority. If the Servicer wishes to take or approve any action which it is not authorized under this Agreement to take or approve, it shall request authority from WEST to take or approve the action.
Request for Authority. (a) Subject to Section 2.05 hereof, if the Servicers wish to take or approve any action which the Servicers are not expressly authorized under this Agreement to take or approve, they shall request authority from the relevant Serviced Group Member prior to taking or approving such action. The Servicers' request for authority shall be confirmed in writing (which term shall be deemed for all purposes of this Agreement to include e-mail transmissions) and shall include a reasonably detailed explanation of the reason for such request. If on or prior to the last day for a response by the relevant Serviced Group Member as specified by the Servicers in their request (which last day shall be a day that is at least five (5) Business Days after the date of the receipt of request), the relevant Serviced Group Member has not expressly refused such request, the Servicers shall be deemed to be authorized in writing to take or to approve such action on behalf of the relevant Serviced Group Member.
(b) If the Servicers reasonably determine that an action to protect the interests of any Serviced Group Member is required before the expiration of the relevant time period specified in Section 2.04(a) hereof, the Servicers shall promptly notify the relevant Serviced Group Member in writing (which term shall be deemed for all purposes of this Agreement to include e-mail transmissions) of such determination and, unless otherwise directed by the relevant Serviced Group Member the action proposed by the Servicers shall be deemed to be authorized in writing on behalf of the relevant Serviced Group Member.
Request for Authority. (a) Subject to Section 7.03(b), if the Servicer wishes to take or approve any action which it is not expressly authorized under this Agreement to take or approve, it shall request authority from AerCo to take or approve the action. The Servicer's request for authority shall be in writing, and shall include a reasonably detailed explanation of the reason for the request. If on or prior to the earlier of (i) the last day for a response by AerCo as specified by the Servicer in its request (being not less than 5 Business Days after the request) or (ii) the day following the next meeting of the Directors following the request, AerCo does not expressly refuse such request and no Referral Notice has issued in respect of it, the Servicer shall be deemed to be authorized in writing to take or to approve such action on behalf of AerCo Group following notification in writing to AerCo of the Servicer's intention to proceed in accordance with its request. For the avoidance of doubt, this Section 7.03 does not permit the Servicer to take or approve any action which it is expressly required not to take or approve under this Agreement.
(b) If the Servicer reasonably determines that an action to protect the interests of AerCo Group is required before the expiration of the relevant time period specified in Section 7.03(a), then the Servicer shall notify the Directors of such determination and, unless otherwise directed by the Directors and provided no Referral Notice has issued, the action proposed may be deemed to be authorized in writing on behalf of AerCo Group following notification in writing to AerCo of the Servicer's intention to proceed in accordance with its request.
(c) In relation to each payment required to be made in relation to an Aircraft Asset and not authorized under any other provision of this Agreement, 30 39 the Servicer will submit a certificate to the Administrative Agent with a copy to the Directors giving reasonable details and confirming that any required authorization for such payment pursuant to this Agreement has been obtained.
(d) In relation to any proposal, or proposed action, compromise, restructuring or incurring of expenses ("SERVICER PROPOSAL") which is referred or notified to AerCo by the Servicer under Section 7.03(a), 7.03(b) or 7.04(h) of this Agreement, or under Sections 1.01(c)(iv) or 1.05 of Schedule 2.02(a), any Director may issue a notice (a "REFERRAL NOTICE") requiring the relevant matter to be determined by the Board of Director...
Request for Authority. (a) Subject to Section 7.03(b), if the Servicer wishes to take or approve any action which it is not expressly authorized under this Agreement to take or approve, it shall request authority from the relevant AOE or MSAF, if such AOE is a direct or indirect wholly owned subsidiary of MSAF, in order to take or approve the action. The Servicer's request for authority shall be confirmed in writing (including via e-mail), and shall include a reasonably detailed explanation of the reason for the request. If on or prior to the last day for a response by the relevant AOE or MSAF as specified by the Servicer in its request (being not less than five Business Days after the request), MSAF or the relevant AOE does not expressly refuse such request, the Servicer may be deemed to be authorized in writing to take or to approve such action on behalf of the relevant AOE.
(b) If the Servicer reasonably determines that an action to protect the interests of an AOE is required before the expiration of the relevant time period specified in Section 7.03(a), then the Servicer shall send notification (including via e-mail) to the relevant AOE or MSAF, if such AOE is a direct or indirect wholly owned subsidiary of MSAF, of such determination and, unless otherwise directed by the relevant AOE or MSAF, the action proposed may be deemed to be authorized in writing on behalf of the relevant AOE.
(c) In relation to each payment required to be made in relation to an Aircraft Asset and not certified under any other provision of this Agreement, the Servicer will submit written documentation (e.g. written invoice) to the Administrative Agent, giving reasonable details for such payment.
Request for Authority. 10 SECTION 7.04. Overall Business Objectives with Respect to Asset ........................... 10 SECTION 7.05. Operating Budget; Asset Expenses Budget ........................................ 11 SECTION 7.06. Transaction Approval Requirements .................................................. 12 ARTICLE 8 EFFECTIVENESS ................................................................................................... 14 SECTION 8.01. Effectiveness ....................................................................................... 14 ARTICLE 9
Request for Authority. 26 SECTION 7.04. Operating Budget; Aircraft Asset Expenses Budget...............27 SECTION 7.05. Transaction Approval Requirements..............................30 SECTION 7.06. Approved Budgets and Transaction Approval Requirements.........31
Request for Authority. If the Servicer wishes to take or approve any action which it is not authorized under this Agreement to take or approve, it shall request authority from WEST to take or approve the action. [**] = Portions of this exhibit have been omitted pursuant to a confidential treatment request. Confidential Treatment Requested: Information for which confidential treatment has been requested is omitted and is noted with asterisks. An unredacted version of this document has been filed separately with the Securities and Exchange Commission.
Request for Authority. 19 SECTION 7.04. Overall Business Objectives with Respect to Aircraft Assets.................................. 19 SECTION 7.05. Operating Budget; Aircraft Asset Expenses Budget. 20 SECTION 7.06. Transaction Approval Requirements................ 21 ARTICLE 8 EFFECTIVENESS SECTION 8.01. Effectiveness.................................... 23 ARTICLE 9 SERVICING FEES; EXPENSES
Request for Authority. (a) Subject to Section 7.03(b), if the Servicer wishes to take or approve any action which it is not expressly authorized under this Agreement to take or approve, it shall request authority from MSAF to take or approve the action. The Servicer's request for authority shall be in writing, and shall include a reasonably detailed explanation of the reason for the request. If on or prior to the last day for a response by MSAF as specified by the Servicer in its request (being not less than five Business Days after the request), MSAF does not expressly refuse such request, the Servicer may be deemed to be authorized in writing to take or to approve such action on behalf of the MSAF Group.
(b) If the Servicer reasonably determines that an action to protect the interests of the MSAF Group is required before the expiration of the relevant time period specified in Section 7.03(a), then the Servicer shall send notification to MSAF of such determination and, unless otherwise directed by MSAF, the action proposed may be deemed to be authorized in writing on behalf of the MSAF Group.
(c) In relation to each payment required to be made in relation to an Aircraft Asset and not certified under any other provision of this Agreement, the Servicer will submit a certificate to the Administrative Agent with a copy to MSAF giving reasonable details for such payment.
Request for Authority. 8 SECTION 7.04 Transaction Approval Requirements .................................................... 8 ARTICLE VIII EFFECTIVENESS .............................................................................................. 10 SECTION 8.01 Effectiveness ....................................................................................... 10 ARTICLE IX
