Aircraft Owning Entity definition

Aircraft Owning Entity means a Person that is (i) an entity with Organizational Documents and Operating Documents substantially in the forms attached hereto as Exhibit Q (or in such other form as shall be reasonably satisfactory to the Administrative Agent), (ii) is identified on Schedule II hereto, as such schedule is required, pursuant to the terms hereof, to be amended, restated or otherwise modified from time to time, (iii) the sole legal owner (including, without limitation, an Owner Trust but excluding an Owner Participant) of the Aircraft listed to the right of such Person’s name on such Schedule II hereto (as such schedule is required, pursuant to the terms hereof, to be amended, restated or otherwise modified from time to time), and (iv) a Person in which the Borrower owns, whether directly or indirectly, all of the Equity Interests.
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Aircraft Owning Entity means any special purpose person or vehicle (including trusts) which (a) is organized under the laws of Delaware, Connecticut, Utah, Ireland, Bermuda, France, Australia, Switzerland or the Cayman Islands or any other jurisdiction that is a Contracting State, or to the extent reasonably necessary to minimize any Tax imposed on any Borrower Group Company (as determined by the Servicer), any other jurisdiction agreed to between the Borrower and the Administrative Agent (b) holds legal title to (or is a conditional buyer under a title reservation agreement (within the meaning of the Cape Town Convention)) to a single Portfolio Aircraft, (c) 100% of the Ownership Interest therein is held by the Borrower and the Security Trustee has a first priority perfected security interest (subject only to Permitted Encumbrances) in the related Pledged Shares and (d) is a Grantor under the Security Agreement.
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Aircraft Owning Entity means a Person that is (i) an entity with Organizational Documents and Operating Documents substantially in the forms attached hereto as Exhibit Q (or in such other form as shall be reasonably satisfactory to the Administrative Agent), (ii) is identified on Schedule II hereto, as such schedule is required, pursuant to the terms hereof, to be amended, restated or otherwise modified from time to time, (iii) either (A) the sole legal owner (including, without limitation, an Owner Trust but excluding an Owner Participant) of the Aircraft listed to the right of such Person’s name on such Schedule II hereto (as such schedule is required, pursuant to the terms hereof, to be amended, restated or otherwise modified from time to time), or (B) in the case of the XXX Aircraft, the sole beneficial owner (pursuant to the XXX Beneficial Ownership Structure) of the XXX Aircraft listed to the right of such Person’s name on such Schedule II hereto (as such schedule is required, pursuant to the terms hereof, to be amended, restated or otherwise modified from time to time), and (iv) a Person in which the Borrower owns, whether directly or indirectly, all of the Equity Interests.
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Examples of Aircraft Owning Entity in a sentence

  • War and Allied Risks are also to be covered for the same amount as the Combined Single Limit (Bodily Injury/Property Damage) by the purchase of Excess Third Party War Risks.Each policy that relates to each New Asset will need to list the Relevant Subsidiary, the relevant Aircraft Owning Entity, the relevant Security Trustee(s) and the relevant Lender(s) as additional assureds.

  • The transfer of title to each New Asset will be effected on the delivery date of each New Asset from Airbus by Airbus transferring title directly to each Aircraft Owning Entity pursuant to the New Asset Purchase Agreement Assignments.

  • The Administrative Agent shall have received amended and restated copies of Schedule I, Schedule II and Schedule III incorporating all information required thereunder regarding (i) the Financed Aircraft or interests therein acquired with such Advances, (ii) each Aircraft Owning Entity, Section 9.7(a) Entity and, if applicable, Owner Participant and Owner Trustee related to any such Financed Aircraft, and (iii) the Lease with respect to each such Financed Aircraft.


More Definitions of Aircraft Owning Entity

Aircraft Owning Entity means any special purpose person or vehicle (including trusts) which (a) is organized under the laws of Delaware, Connecticut, Utah, Ireland, Bermuda, France, Australia, Switzerland, Singapore or the Cayman Islands or any other jurisdiction that is a Contracting State, or to the extent reasonably necessary to minimize any Tax imposed on any Borrower Group Company (as determined by the Servicer), any other jurisdiction agreed to between the Borrower and the Administrative Agent, (b) holds legal title to (or is a conditional buyer under a title reservation agreement (within the meaning of the Cape Town Convention)) to a single Portfolio Aircraft, (c) 100% of the Ownership Interest therein is held directly or indirectly by the Borrower and the Security Trustee has a first priority perfected security interest (subject only to Permitted Encumbrances) in the related Pledged Shares and (d) is, or is intended to be, a Grantor under the Security Agreement.
Sample 1
Aircraft Owning Entity means any special purpose person or vehicle (including trusts) which (a) is organized under the laws of Delaware, Connecticut, Utah, Ireland, Bermuda, France, Australia, Switzerland, Singapore, Labuan or the Cayman Islands or any other jurisdiction that is a Contracting State, or to the extent reasonably necessary to minimize any Tax imposed on any Borrower Group Company (as determined by the Servicer), any other jurisdiction agreed to between the Borrower and the Administrative Agent, (b) holds legal title to (or is a conditional buyer under a title reservation agreement (within the meaning of the Cape Town Convention)) to a single Portfolio Aircraft, (c) 100% of the Ownership Interest therein is held directly or indirectly by the Borrower and the Security Trustee has a first priority perfected security interest (subject only to Permitted Encumbrances) in the related Pledged Shares and (d) is, or is intended to be, a Grantor under the Security Agreement.
Sample 1
Aircraft Owning Entity means any special purpose person or vehicle (including trusts) which (a) is organized or incorporated under the laws of Delaware, Connecticut, Utah (or any other state of the United States) or Ireland or any other jurisdiction that is reasonably agreed between the Borrower and the Administrative Agent, (b) holds legal title to (or is a conditional buyer under a title reservation agreement (within the meaning of the Cape Town Convention)) to any Aircraft, (c) 100% of the Ownership Interest therein is held (directly or indirectly) by Fly HoldCo and the HoldCo Security Trustee has a first priority perfected security interest (subject only to Permitted Encumbrances) in the related Pledged Shares and (d) has entered into an Aircraft Owning Entity Security Agreement in favor of the HoldCo Security Trustee.
Sample 1
Aircraft Owning Entity means a Borrower Group Member that is (i) an entity with Organizational Documents and Operating Documents substantially in the form of the Organizational Documents and Operating Documents of Avolon Aerospace AOE 1 Limited or in such other form as shall be reasonably satisfactory to the Administrative Agent, (ii) identified on Schedule II hereto, as such schedule is required, pursuant to the terms hereof, to be amended, restated or otherwise modified from time to time, (iii) the sole legal owner (including, without limitation, an Owner Trust but excluding an Owner Participant) of the Aircraft listed to the right of such Person’s name on such Schedule II hereto (as such schedule is required, pursuant to the terms hereof, to be amended, restated or otherwise modified from time to time), (iv) a Person in which the Borrower owns, whether directly or indirectly, all of the Equity Interests and (v) either (A) incorporated as an exempted company under the laws of the Cayman Islands or another jurisdiction satisfactory to the Administrative Agent and the Class A Lenders, with a center of administration and principal place of business in Ireland, (B) incorporated in Ireland with a center of administration and principal place of business in Ireland, (C) an Owner Trust formed as a Connecticut statutory trust, the Owner Participant with respect to which complies with the foregoing clauses (i), (ii), (iv) and (v)(A) or (v)(B), or (D) an Owner Trust formed as a Utah owner trust, the Owner Participant with respect to which complies with the foregoing clauses (i), (ii), (iv) and (v)(A) or (v)(B) (for the sake of clarity, the parties hereto hereby confirm that any newly-formed Aircraft Owning Entity not incorporated as an exempted company under the laws of the Cayman Islands, Ireland or other jurisdiction satisfactory to the Administrative Agent and the Class A Lenders shall be formed as a Connecticut statutory trust or a Utah owner trust).
Sample 1

Related to Aircraft Owning Entity

  • 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;

  • Locational UCAP Seller means a Member that sells Locational UCAP.

  • Procuring Entity/Purchaser means a Entity having administrative and financial powers to undertake Procurement of Goods, Works or Services using public funds, as specified in the PCC;

  • The Owner/Company/BPCL means the Bharat Petroleum Corporation Limited, incorporated in India having its registered office at 4 & 6, Currimbhoy Road, Ballard Estate, Mumbai - 400 038 or their successors or assigns

  • Managing entity means the managing agent or, if there is no managing agent, the time-share

  • Financing entity means an electric public utility, a special

  • Constructing Entity means either the Transmission Owner or the New Services Customer, depending on which entity has the construction responsibility pursuant to Tariff, Part VI and the applicable Construction Service Agreement; this term shall also be used to refer to an Interconnection Customer with respect to the construction of the Customer Interconnection Facilities. Construction Party:

  • Procuring Entity means the Entity named in the Special Conditions of Contract.

  • Operating Entity means an entity that operates and controls a portion of the bulk transmission system with the goal of ensuring reliable energy interchange between generators, loads, and other operating entities.

  • Contracting entity means any person that has a primary business purpose of contracting with participating providers for the delivery of health care services.

  • 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:

  • 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;

  • Sub-Lessee means a lease/license by a Lessee of part or all of leased space to another person.

  • Owner/operator means the owner(s), operator(s), lessor(s), lessee(s) and/or supervisor(s) of an air contaminant source and/or a person authorized to represent such person(s).

  • Owner/Operator means a requirement applies to the owner and/or operator of a TRU or TRU gen set, as determined by agreement or contract between the parties if the two are separate business entities.

  • Aircraft Mortgage means each Aircraft and Engine mortgage and security agreement entered into by any Borrower in favor of the Agent evidencing the Liens in respect of such Aircraft Collateral that will secure the Obligations, in each case as amended, modified, restated, supplemented or replaced from time to time.

  • PASS-THRU ENTITY A "Pass-Thru Entity" as defined in Section 860E(e)(6) of the Code.

  • JV Entity means any joint venture of the Borrower or any Restricted Subsidiary that is not a Subsidiary.

  • 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.

  • Insuring entity means an insurer as defined in chapter

  • Merging entity means an entity that is a party to a merger and exists immediately before the merger becomes effective.

  • Controlling Entity means an entity which owns, directly or indirectly through one or more intermediaries, (i) a general partnership interest or a Controlling Interest of the limited partnership interests in Borrower (if Borrower is a partnership or joint venture), (ii) a manager's interest in Borrower or a Controlling Interest of the ownership or membership interests in Borrower (if Borrower is a limited liability company), (iii) a Controlling Interest of any class of voting stock of Borrower (if Borrower is a corporation), (iv) a trustee's interest or a Controlling Interest of the beneficial interests in Borrower (if Borrower is a trust), or (v) a managing partner's interest or a Controlling Interest of the partnership interests in Borrower (if Borrower is a limited liability partnership).

  • Multimodal transport operator means the person on whose behalf the bill of lading/multimodal transport document, or any other document evidencing a contract of multimodal carriage of goods, is issued and who is responsible for the carriage of goods pursuant to the contract of carriage.

  • Seller has the meaning set forth in the Preamble.

  • Model 1 seller means a seller registered under the agreement that has selected a certified service provider as the seller's agent to perform all of the seller's sales and use tax functions for agreement sales and use taxes other than the seller's obligation under Section 59-12-124 to remit a tax on the seller's own purchases.

  • the Seller means the person so described in the Order;