Aircraft Expenses Account definition

Aircraft Expenses Account shall have the meaning assigned thereto in Section 6.01(a) of the Security Agreement.
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Aircraft Expenses Account means the “Aircraft Expenses Account” established by the Depositary pursuant to the Depository Agreement.
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Aircraft Expenses Account has the meaning defined in Section 6.01(a).
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Examples of Aircraft Expenses Account in a sentence

  • Upon the occurrence and during the continuance of any Event of Default, funds may not be disbursed from the Aircraft Expenses Account as provided in this clause (h), without the consent of the Administrative Agent.

  • In the absence of any continuing Event of Default, the Borrower may request that any or all of any positive balance of the Aircraft Expenses Account be paid to the Borrower for the payment of Approved Aircraft Asset Expenses, attaching to such request a copy of the invoice or other documentation (satisfactory the Administrative Agent, acting reasonably) provided to the Borrower evidencing an Approved Aircraft Asset Expense.

  • On or prior to the initial Drawdown Date, the Borrower shall have entered into an Account Control Agreement with respect to the Collections Account, the Funding Account, the Maintenance Reserve Account, the Security Reserve Account and the Aircraft Expenses Account.

  • In the absence of any continuing Event of Default, the Borrower may request that any or all of any positive balance of the Aircraft Expenses Account be paid to the Borrower for the payment of Approved Aircraft Asset Expenses, attaching to such request a copy of the invoice or other documentation (satisfactory to the Administrative Agent, acting reasonably) provided to the Borrower evidencing an Approved Aircraft Asset Expense.

  • The Administrative Agent shall credit to the Aircraft Expenses Account any amounts received under clauses sixth of Section 2.08(a) and second of Section 2.08(b) of the Facility Agreement.

  • On or prior to the Effective Date, the Borrower shall have entered into an Account Control Agreement with respect to the Collections Account, the LTV Securities Account, the Funding Account, the Maintenance Reserve Account, the Security Reserve Account and the Aircraft Expenses Account.

  • Mr. Bailey has more than 30 years' experience within the accounting industry, most recently has a principal of Bailey Accounting, an accounting firm located in Provo, Utah.

Related to Aircraft Expenses Account

  • Expense Reserve Account The trust account established pursuant to Section 10.3(d).

  • Operating Account means a demand deposit account maintained at the Funding Bank in Borrower's name and designated for funding that portion of each Eligible Loan not funded by a Warehousing Advance made against that Eligible Loan and for returning any excess payment from an Investor for a Pledged Loan or Pledged Security.

  • Carrying Costs With respect to any Payment Date, the sum of amounts payable under Section 2.7(a)(iv)(A)-(C).

  • Expense Account The account established pursuant to Section 10.3(c).

  • Account Charge means, in relation to each of the Charged Accounts, the first priority fixed charge or pledge over all such accounts given or to be given by the relevant account holder thereof in favor of and in form and substance satisfactory to the Security Trustee.

  • Revenue Account means the Revenue Account established pursuant to the Resolution. “Revenues” means the Pledged Receipts and Recoveries of Principal.

  • Construction Account means the account by that name established in the FGR Subordinated Indebtedness Fund pursuant to the Second Resolution.

  • Replacement Reserve Monthly Deposit shall have the meaning set forth in Section 7.3.1 hereof.

  • Operating Accounts shall have the meaning ascribed to it in Section 4.03.A.

  • Excess Loss Account has the meaning set forth in Reg. Section 1.1502-19.

  • Insurance Expenses means any Insurance Proceeds (i) applied to the repair of the related Leased Vehicle, (ii) released to the related Lessee in accordance with applicable law or the Customary Servicing Practices or (iii) representing other related expenses incurred by the Servicer that are not otherwise included in Liquidation Expenses or Disposition Expenses and recoverable by the Servicer under any applicable Servicer Basic Documents.

  • Excluded Expenses means any costs, fees or expenses of the Company or any Company Subsidiary arising out of or relating to any dispute with the Shareholder Representative or otherwise with respect to the terms of this Agreement other than the Shareholder Representative’s equal share of the fees and expenses of the Neutral Auditor and the investment bank pursuant to Section 2.4(d)(i) and except as otherwise set forth in Section 7.8.

  • Allocable Costs means costs allocable to a particular cost objective if the goods or services involved are chargeable or assignable to such cost objective in accordance with relative benefits received or other equitable relationship. Costs allocable to a specific Program may not be shifted to other Programs in order to meet deficiencies caused by overruns or other fund considerations, to avoid restrictions imposed by law or by the terms of this Agreement, or for other reasons of convenience.

  • Carrying Cost means book value of the assets and interest accrued thereon but not received;

  • Seller Account shall have the meaning set forth in the preamble of this Agreement.

  • Insured Expenses Expenses covered by an Insurance Policy or any other insurance policy with respect to the Mortgage Loans.

  • Loss Proceeds Account has the meaning set forth in Section 3.3(a).

  • Management Expenses means the Management Expenses more particularly described in Clause 10.1;

  • Completion Accounts means the consolidated balance sheet of the Group as at the Completion Date to be prepared in accordance with Schedule 8 (Completion Accounts);

  • Pass-Through Expenses means reasonable and actual out-of-pocket expenses incurred by Contractor for equipment, materials, supplies or other Services provided to LAUSD, but not including Contractor’s overhead costs, administrative expenses or other mark-ups.

  • Policy Payments Account means a separate special purpose trust account that is an Eligible Account, for the benefit of Holders of the Notes and the Credit Enhancer over which the Indenture Trustee has exclusive control and sole right of withdrawal.

  • Administrative Expense Cap An amount equal on any Payment Date (when taken together with any Administrative Expenses paid during the period since the preceding Payment Date or in the case of the first Payment Date, the period since the Closing Date), to the sum of (a) 0.025% per annum (prorated for the related Interest Accrual Period on the basis of a 360-day year and the actual number of days elapsed) of the Fee Basis Amount on the related Determination Date and (b) U.S.$250,000 per annum (prorated for the related Interest Accrual Period on the basis of a 360-day year consisting of twelve (12) 30-day months); provided that (1) in respect of any Payment Date after the third Payment Date following the Closing Date, if the aggregate amount of Administrative Expenses paid pursuant to Section 11.1(a)(i)(A), Section 11.1(a)(ii)(A) and Section 11.1(a)(iii)(A) (including any excess applied in accordance with this proviso) on the three immediately preceding Payment Dates and during the related Collection Periods is less than the stated Administrative Expense Cap (without regard to any excess applied in accordance with this proviso) in the aggregate for such three preceding Payment Dates, then the excess may be applied to the Administrative Expense Cap with respect to the then-current Payment Date; and (2) in respect of the third Payment Date following the Closing Date, such excess amount shall be calculated based on the Payment Dates preceding such Payment Date.

  • Security Deposit Account has the meaning given in Section 5.1.

  • Seller’s Account means such account as the Seller may specify to the Guarantor from time to time;

  • Allocable Overhead means costs incurred by a Party or for its account which are attributable to a Party's supervisory, services, occupancy costs, corporate bonus (to the extent not charged directly to department), and its payroll, information systems, human relations or purchasing functions and which are allocated to company departments based on space occupied or headcount or other activity-based method. Allocable Overhead shall not include any costs attributable to general corporate activities including, by way of example, executive management, investor relations, business development, legal affairs and finance.

  • Covered Expenses means expenses actually incurred by or on behalf of a Covered Person for treatment, services and supplies covered by the Policy. Coverage under the Participating Organization’s Policy must remain continuously in force from the date of the Covered Accident or Sickness until the date treatment, services or supplies are received for them to be a Covered Expense. A Covered Expense is deemed to be incurred on the date such treatment, service or supply, that gave rise to the expense or the charge, was rendered or obtained.