Examples of Aircraft Agreements in a sentence
The Plan shall be binding upon and inure to the benefit of the Debtors, the Reorganized Debtors, all present and former holders of Claims or Interests, all entities that are parties to or are subject to Post-Petition Aircraft Agreements and their respective heirs, executors, administrators, successors and assigns.
Except to the extent otherwise provided herein with respect to Postpetition Aircraft Agreements and subject to the provisions of ARTICLE VII.K, all contracts and leases entered into after the Petition Date by any Debtor will be performed by the Debtor or Reorganized Debtor liable thereunder in accordance with the terms and conditions of such contracts and leases in the ordinary course of its business.
Other Aircraft Agreements shall mean Aircraft Operating Lease Agreements relating to other Fokker 100 aircraft so long as leased to Lessee by a lessor for the benefit of Fokker, FAUSA or any affiliate thereof, as Beneficiary.
To the extent that subsequent to the date of this Plan and prior to the Effective Date the Debtors enter into new Postpetition Aircraft Agreements for Aircraft Equipment not currently subject to a Postpetition Aircraft Agreement, the Claims or obligations arising thereunder shall be treated as Postpetition Aircraft Obligations.
After the Effective Date, the Reorganized Debtors will consult with the Post-Effective Date Committee with respect to Post-Petition Aircraft Agreements in the same manner and to the same extent as the Debtors consulted with the Creditors’ Committee with respect to such agreements prior to the Effective Date.
Unlike the other Postpetition Aircraft Agreements, United cannot unilaterally terminate the arrangement and return the aircraft.
Lessor and Lessee mutually desire to terminate the Lease as well as any and all other agreements entered into between the parties with respect to the Aircraft (collectively, the "Aircraft Agreements"), except as specifically described herein.
To the extent that subsequent to the date of this Plan and on or prior to the Effective Date the Debtors, with the approval of the Bankruptcy Court, enter into new Post-Petition Aircraft Agreements for Aircraft Equipment not currently subject to a Post-Petition Aircraft Agreement, the Claims or obligations arising thereunder shall be treated as Post-Petition Aircraft Obligations.
Where such foreclosure is contemplated and is necessary to effectuate the Postpetition Aircraft Agreements, then immediately upon obtaining constructive possession of any aircraft, the aircraft financier (or its trustee), as owner of such aircraft or secured party, and, if applicable, in the exercise of its rights and duties to maximize the value of such aircraft, will abide by and perform under the Postpetition Aircraft Agreements, if any, and lease or transfer such aircraft to the Debtors, as applicable.
In general, as part of the Postpetition Aircraft Agreements, other than with respect to the Public Debt Aircraft, the Debtors have reserved their right to terminate and reject the restructured financing arrangements during the Chapter 11 Cases (up until substantial Consummation of the Plan) as the Debtors’ fleet plan evolved.