Aircraft Age Limit definition

Aircraft Age Limit means, for each Type of Aircraft listed on Table 1 to Appendix I hereto, the highest number in the Aircraft Age Range. An Aircraft of any particular Type whose Aircraft Age exceeds the Aircraft Age Limit for such Type at the time of its proposed addition to the Borrower’s Portfolio, is not eligible to become a Funded Aircraft hereunder.
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Aircraft Age Limit means, with respect to each Additionally Financed Aircraft, 60 months from the date of manufacture.
Sample 1

Examples of Aircraft Age Limit in a sentence

  • Each Additionally Financed Aircraft has an Aircraft Age of less than the Aircraft Age Limit for Aircraft of its Type.

  • Each Additionally Financed Aircraft has an Aircraft Age of less than the Aircraft Age Limit.

  • Each Initial Financed Aircraft has an Aircraft Age of less than the Aircraft Age Limit for Aircraft of its Type.

Related to Aircraft Age Limit

  • aircraft engines means aircraft engines (other than those used in military, customs or police services) powered by jet propulsion or turbine or piston technology and:

  • APU means the auxiliary power unit of the Aircraft.

  • Unmanned aircraft system means an unmanned aircraft and associated elements (including communication links and the components that control the unmanned air- craft) that are required for the operator to operate safely and efficiently in the national airspace system.’’.

  • aircraft objects means airframes, aircraft engines and helicopters;

  • aircraft type means all aircraft of the same basic design including all modifications thereto except those modifications which result in a change in handling or flight characteristics;

  • Unmanned aircraft means an aircraft that is not:

  • Airframe means the Aircraft excluding the Propulsion Systems.

  • airframes means airframes (other than those used in military, customs or police services) that, when appropriate aircraft engines are installed thereon, are type certified by the competent aviation authority to transport:

  • Aircraft means any machine that can derive support in the atmosphere from the reactions of the air other than the reactions of the air against the earth’s surface;

  • Propeller means for a device for propelling an aircraft that has blades on a powerplant driven shaft and that, when rotated, produces by its action on the air, a thrust approximately perpendicular to its plane of rotation and it includes control components normally supplied by its manufacturer, but does not include main and auxiliary rotors or rotating airfoils of powerplants;

  • Eligible Aircraft has the meaning set forth in the second recital to the Note Purchase Agreement.

  • Fixed wing turbine powered aircraft means an aircraft that:

  • Public aircraft means an aircraft used exclusively in the service of any government or of any political subdivision thereof, including the government of any state, territory, or possession of the United States, or the District of Columbia, but not including any government-owned aircraft engaged in carrying persons or property for commercial purposes.

  • Passenger vessel means any boat, ship, vessel,

  • Replacement Aircraft means the Aircraft of which a Replacement Airframe is part.

  • Substitute Aircraft Has the meaning specified in the NPA.

  • Engines means, as of any date of determination, all Engines then leased hereunder.

  • ro-ro passenger ship means a passenger ship with ro-ro spaces or special category spaces as defined in regulation II-2/3.

  • passenger ship means a ship which carries more than 12 passengers;

  • Aircraft Documents means all flight records, maintenance records, historical records, modification records, overhaul records, manuals, logbooks, authorizations, drawings and data relating to the Airframe, any Engine, or any Part, or that are required by Applicable Law to be created or maintained with respect to the maintenance and/or operation of the Aircraft.

  • Civil aircraft means any aircraft other than a public aircraft.

  • Engine Manufacturer means CFM International, Inc.

  • large aircraft means an aircraft, classified as an aeroplane with a maximum take-off mass of more than 5 700 kg, or a multi-engined helicopter;

  • Leased Aircraft Has the meaning specified in the third recital to this Trust Supplement.

  • Engine under the Lease. The term "Engines" means, as of any date of determination, both Engines then leased to the Lessee pursuant to the Lease.

  • New Aircraft Has the meaning specified in the Note Purchase Agreement.