Common use of Slots Clause in Contracts

Slots. Section 3.2(s) of the US Airways Disclosure Letter sets forth a true, correct and complete list of all held or owned takeoff and landing slots, operating authorizations from the FAA or any other Governmental Entity and other similar designated takeoff and landing rights held or owned by US Airways or any of its Subsidiaries (“US Airways Slots”) on the date hereof at any domestic or international airport, and such list shall indicate and identify (i) any held or owned US Airways Slots that have been allocated to another air carrier beyond the end-of-the current IATA traffic season and in which US Airways and its Subsidiaries hold only temporary use rights, (ii) any US Airways Slots that have been allocated to US Airways and its Subsidiaries from another air carrier beyond the end-of-the current IATA traffic season and in which such other air carrier holds only temporary use rights and (iii) any Contracts, agreements or temporary government orders or decisions concerning specific US Airways Slots or operating authorities. Except as would not, individually or in the aggregate, reasonably be expected to have a US Airways Material Adverse Effect, (i) US Airways and its Subsidiaries will have complied in all material respects with the requirements of the regulations issued under the Federal Aviation Act and any other Laws, rules or regulations promulgated in the United States or in any country in which US Airways operates by either a civil aviation authority, airport authority or slot coordinator with respect to the US Airways Slots, (ii) neither US Airways nor any of its Subsidiaries has received, as of the date hereof, any notice of any proposed withdrawal of the US Airways Slots by the FAA, the DOT or any other Governmental Entity, (iii)(A) the US Airways Slots have not been designated for the provision of essential air services under the regulations of the FAA, were not acquired pursuant to 14 C.F.R. § 93.219 and have not been designated for international operations, as more fully detailed in 14 C.F.R. § 93.217 and (B) to the extent covered by 14 C.F.R. § 93.227, US Airways and its Subsidiaries have used the US Airways Slots (or the US Airways Slots have been used by other air carriers) either at least 80% of the maximum amount that each US Airways Slot could have been used during each full and partial reporting period (as described in 14 C.F.R. § 93.227(i)) or such greater or lesser amount of minimum usage as may have been required to protect such US Airways Slot’s authorization from termination or withdrawal under regulations established by any Governmental Entity or airport authority, (iv) all reports required by the FAA or any other Governmental Entity relating to the US Airways Slots have been filed in a timely manner and (v) except as set forth in Section 3.2(s)(v) of the US Airways Disclosure Letter, as of the date hereof, neither US Airways nor any of its Subsidiaries has agreed to any future US Airways Slot slide, US Airways Slot trade, US Airways Slot purchase, US Airways Slot sale or other transfer of any of the US Airways Slots outside the ordinary course of business consistent with past practice.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Us Airways Group Inc), Agreement and Plan of Merger (Amr Corp)

AutoNDA by SimpleDocs

Slots. Section 3.2(s3.1(s) of the US Airways American Disclosure Letter sets forth a true, correct and complete list of all held or owned takeoff and landing slots, operating authorizations from the FAA or any other Governmental Entity and other similar designated takeoff and landing rights held or owned by US Airways American or any of its Subsidiaries (“US Airways American Slots”) on the date hereof at any domestic or international airport, and such list shall indicate and identify (i) any held or owned US Airways American Slots that have been allocated to another air carrier beyond the end-of-the current IATA International Air Transport Association (“IATA”) traffic season and in which US Airways American and its Subsidiaries hold only temporary use rights, (ii) any US Airways American Slots that have been allocated to US Airways American and its Subsidiaries from another air carrier beyond the end-of-the current IATA traffic season and in which such other air carrier holds only temporary use rights and (iii) any Contracts, agreements or temporary government orders or decisions concerning specific US Airways American Slots or operating authorities. Except as would not, individually or in the aggregate, reasonably be expected to have a US Airways an American Material Adverse Effect, (i) US Airways American and its Subsidiaries will have complied in all material respects with the requirements of the regulations issued under the Federal Aviation Act and any other Laws, rules or regulations promulgated in the United States or in any country in which US Airways American operates by either a civil aviation authority, airport authority or slot coordinator with respect to the US Airways American Slots, (ii) neither US Airways American nor any of its Subsidiaries has received, as of the date hereof, any notice of any proposed withdrawal of the US Airways American Slots by the FAA, the DOT or any other Governmental Entity, (iii)(A) the US Airways American Slots have not been designated for the provision of essential air services under the regulations of the FAA, were not acquired pursuant to 14 C.F.R. § 93.219 and have not been designated for international operations, as more fully detailed in 14 C.F.R. § 93.217 and (B) to the extent covered by 14 C.F.R. § 93.227, US Airways American and its Subsidiaries have used the US Airways American Slots (or the US Airways American Slots have been used by other air carriers) either at least 80% of the maximum amount that each US Airways American Slot could have been used during each full and partial reporting period (as described in 14 C.F.R. § 93.227(i)) or such greater or lesser amount of minimum usage as may have been required to protect such US Airways American Slot’s authorization from termination or withdrawal under regulations established by any Governmental Entity or airport authority, (iv) all reports required by the FAA or any other Governmental Entity relating to the US Airways American Slots have been filed in a timely manner and (v) except as set forth in Section 3.2(s)(v3.1(s)(v) of the US Airways American Disclosure Letter, as of the date hereof, neither US Airways American nor any of its Subsidiaries has agreed to any future US Airways American Slot slide, US Airways American Slot trade, US Airways American Slot purchase, US Airways American Slot sale or other transfer of any of the US Airways American Slots outside the ordinary course of business consistent with past practice.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Amr Corp), Agreement and Plan of Merger (Us Airways Group Inc)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.