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 H (or in such other form as shall be reasonably satisfactory to the Administrative Agent), (ii) identified on Schedule II hereto, as such schedule may be amended, restated or otherwise modified from time to time, pursuant to the terms hereof, (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 may be amended, restated or otherwise modified from time to time pursuant to the terms hereof), 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, and (iv) a Person in which the Borrower owns, whether directly or indirectly, all of the Equity Interests.
Sample 1

Examples of Aircraft Owning Entity in a sentence

  • 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 Additionally Financed Aircraft or interests therein acquired with such Additional Advances, (ii) each Aircraft Owning Entity and, if applicable, Owner Participant and Owner Trustee related to any such Additionally Financed Aircraft, and (iii) the Lease with respect to each Additionally Financed Aircraft.

  • On each Payment Date occurring on or after the Conversion Date, the Borrower shall be required to make the principal payments required under the Flow of Funds (including as a result of the allocation and application of Collections derived from the sale or other disposition, voluntary or involuntary, of an Aircraft or Aircraft Owning Entity) in reduction of the aggregate Outstanding Principal Amount to the extent of funds available to make such payments pursuant to the Flow of Funds.

  • Without limiting the foregoing, the beneficiary of any letter of credit provided in lieu of a cash Security Deposit or otherwise provided as security by a lessee under an Eligible Lease shall be the related Aircraft Owning Entity or Intermediate Lessee, as applicable.

  • 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.

  • The Administrative Agent shall have received an Aircraft Owning Entity Security Agreement in respect of the applicable Aircraft Owning Entity and an Intermediate Lessee Security Agreement in respect of any applicable Intermediate Lessee, each of which shall be in form and substance satisfactory to the Administrative Agent.

  • Upon the earlier of the occurrence or declaration of the Facility Termination Date and the occurrence of an Event of Default that has not been waived in writing in compliance with the terms of Section 17.2 hereof, the Collateral Agent may exercise its rights with respect to any IDERA and deregistration and export power of attorney without any requirement for direction from the applicable Aircraft Owning Entity, the Borrower, the Servicer or any other Borrower Group Member.

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

  • On each Payment Date, the Borrower shall be required to make the principal payments required under the Flow of Funds (including as a result of the allocation and application of Collections derived from the sale or other disposition, voluntary or involuntary, of an Aircraft or Aircraft Owning Entity) in reduction of the aggregate Outstanding Class A Principal Amount to the extent of funds available to make such payments pursuant to the Flow of Funds.

  • Any amount so retained will be freely available for use by the relevant Aircraft Owning Entity or Applicable Intermediary, as the case may be.

  • The relationship between tactic and explicit knowledge, however, is inverse because the non-human resource is necessary for the human resource to be helpful to the company.


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, 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 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 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
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

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;

  • 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.

  • 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.

  • Equipment Lease means a Contract for the lease of Equipment or for the purchase of Equipment under a conditional sales or title retention agreement.

  • 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;

  • 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.

  • 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.

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

  • 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.

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

  • Equipment Leases has the meaning set forth in Section 2.1.9.

  • 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).

  • 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;

  • Acquiring Entity means the surviving or acquiring corporation (or its parent company) in connection with a Corporate Transaction.