Examples of Air Services Agreement in a sentence
If we do not receive payments owed to us under the Air Services Agreement or the Ground Handling Agreement in accordance with the payment terms, we may not be able to pay our operating expenses or obtain other sources of liquidity.
Additionally, following the spin-off, if either the Air Services Agreement or the Ground Handling Agreement is terminated, we could lose all or a significant source of our revenue, cash flow and earnings.
Following the spin-off, the term of the Air Services Agreement will be nine years, subject to American’s option to withdraw certain aircraft at various intervals prior to the expiration date.
We have entered into the Air Services Agreement containing terms which will govern how American will compensate us following the spin-off.
Furthermore, since the Air Services Agreement and Ground Handling Agreement will have cross-termination rights, a breach or default by us under one agreement could result in a termination of both agreements.
The parties signed this Amendment to the Amended and Restated Air Services Agreement on the dates written below.
Compensation for such spares shall be in accordance with Exhibit E Section 1.C(7) of the Air Services Agreement.
Prior to the spin-off, we will execute the Air Services Agreement containing terms which will govern how American will compensate us.
Accordingly, our results of operations will decrease by the amount of this deferred gain amortization.Table of Contents The following summarizes the impact of the Air Services Agreement to the income statement and balance sheet for the respective periods (Increase (Decrease) to Statement of Income and Balance Sheet Information, in thousands).
In consideration of the Escalation Waiver described in paragraph 1 above, AMR and Contractor agree that XXX's IPO Participation Right as described in Article 9.03(d) of the Air Services Agreement is hereby forfeited.