Aircraft Asset definition

Aircraft Asset has the meaning assigned to such term in the Servicing Agreement.
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Aircraft Asset means an aircraft, airframe or aircraft engine (including any related part).
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Aircraft Asset means an aircraft, airframe or aircraft engine (including any related parts).
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Examples of Aircraft Asset in a sentence

  • Nothing contained in this Section 9.06 shall be deemed to impose on the Servicer any obligation to advance any of its own funds for any Aircraft Asset Expenses.

  • The foregoing provisions shall apply, mutatis mutandis, to any arrangements in which Persons other than Lessees have possession of, or insurance responsibility for, an Aircraft Asset (including in the event that an Aircraft Asset has been sold pursuant to a mortgage, deferred payment agreement or any similar arrangement).

  • Liability insurance shall be maintained for each non-passenger Aircraft Asset and occurrence in an amount not less than 75% of the amounts set forth on Schedule 2.

  • The Servicer shall take commercially reasonable action to deliver any Aircraft Asset pursuant to the terms of the documentation of the Lease or Leases of such Aircraft Asset, including upon an extension of such Leases.

  • Volunteer, contractor, or staff from other government departments may be barred from access to Division worksites pending resolution of the charges.

  • Aircraft Asset Values...............................................................................................

  • The Lenders hereby consent to the release by the Collateral Agent of liens of record filed with the FAA or other liens which the Collateral Agent may acquire on any Acquired 1110 Asset or Acquired Aircraft Asset in connection with any Permitted Aircraft Financing, as the case may be, permitted by the Credit Agreement as amended by this Amendment.

  • Except as set forth on Schedule 4.01 or as disclosed in the Offering Memorandum, each Person listed within AerCo Group as an owner of the Aircraft Asset on Schedule 4.01 has good and marketable title to such Aircraft Asset, free and clear of all liens other than Permitted Encumbrances.

  • Each of AerCo and the Subsidiaries agrees that as between the Servicer in its capacity as such, on the one hand, and any Person within AerCo Group, on the other hand, no representation is made as to the financial condition and affairs of any Lessee of, or purchaser of, any Aircraft Asset or any vendor or supplier utilized by the Servicer in connection with its performance of the Services.

  • During such term, this Agreement shall not be terminable by any party with respect to any Aircraft Asset except as expressly provided in this Article 7.


More Definitions of Aircraft Asset

Aircraft Asset means an aircraft, together with any store of spare parts therefor, or an engine, together with any store of spare parts therefor,
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Aircraft Asset any airframe or engine owned by the Borrower or any of its Subsidiaries.
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Related to Aircraft Asset

  • 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;

  • Unmanned aircraft means any aircraft operating or designed to operate autonomously or to be piloted remotely without a pilot on board;

  • 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 system means an unmanned aircraft and associated elements, including communication links and components that control the unmanned aircraft that are required for the pilot in command to operate safely and efficiently in the national airspace system.

  • New Aircraft Has the meaning specified in the NPA.

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

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

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

  • 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;

  • Aircraft Mortgage means that “Aircraft Mortgage” as defined in Section 4.01(e), as the same may be amended, restated, modified, supplemented, extended or amended and restated from time to time.

  • aircraft operator means a person that operated at least 729 commercial air transport flights departing from Union airports in the reporting period or, where that person may not be identified, the owner of the aircraft;

  • Airframe means the Aircraft excluding the Propulsion Systems.

  • aircraft objects means airframes, aircraft engines and helicopters;

  • Operation of aircraft or “operate aircraft” means the use of aircraft for the purpose of air navigation, including the navigation or piloting of aircraft. Any person who causes or authorizes the operation of aircraft, whether with or without the right of legal control in the capacity of owner, lessee, or otherwise, of the aircraft, is engaging in the operation of aircraft.

  • Substitute Aircraft Has the meaning specified in the NPA.

  • Commercial aircraft means any civil aircraft used in flight activity for compensation or for hire.

  • Special purpose equipment means equipment which is used only for research, medical, scientific, or other technical activities. Examples of special purpose equipment include microscopes, x-ray machines, surgical instruments, and spectrometers.

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

  • 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.

  • Replacement Airframe means an Airbus A321 aircraft or a comparable or improved model of Manufacturer (except (a) Engines or engines from time to time installed thereon and any and all Parts related to such Engine or engines and (b) Excluded Equipment), that shall have been made subject to the Lien of the Indenture pursuant to Section 7.05 thereof, together with all Parts relating to such aircraft.

  • Unmanned aerial vehicle ("UAV") (9) means any aircraft capable of initiating flight and sustaining controlled flight and navigation without any human presence on board.

  • Alternative fuel vehicle means a vehicle designed to be capable of running on at least one type of fuel that is either gaseous at atmospheric temperature and pressure, or substantially non-mineral oil derived.

  • Aircraft Liability This policy does not cover "aircraft liability".

  • 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:

  • 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.

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