Aircraft SPV definition

Aircraft SPV means a newly formed special purpose vehicle (and a direct wholly-owned subsidiary of the Aircraft SPV Holdco) that will incur the Aircraft Indebtedness.
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Aircraft SPV means a limited liability company or other special purpose vehicle that has been organized solely to own aircraft and assets directly related to the operation thereof (and is not engaged in any other business activity).
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Examples of Aircraft SPV in a sentence

  • The Loan Parties will not, and will not permit any Specified Aircraft SPV, to create, incur, assume or suffer to exist any Lien (other than Permitted Collateral Liens) on the Specified Aircraft other than in favor of the Administrative Agent or pursuant to the DIP Order.

  • The Loan Parties will not, and will not permit any Specified Aircraft SPV, to create, incur, assume or suffer to exist any Lien (other than Permitted Collateral Liens) on the Specified Aircraft other than in favor of the Administrative Agent.

  • The Loan Parties will not, and will not permit any Specified Aircraft SPV, to create, incur, assume or suffer to exist any Lien (other than Permitted Aircraft Liens) on the Specified Aircraft other than in favor of the Administrative Agent.

  • The Loan Parties will not, and will not permit any Specified Aircraft SPV, to create, incur, assume or suffer to exist any Lien (other than Permitted AircraftCollateral Liens) on the Specified Aircraft other than in favor of the Administrative Agent.

Related to Aircraft SPV

  • 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;

  • 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;

  • New Aircraft Has the meaning specified in the Note Purchase Agreement.

  • Unmanned aircraft system means an unmanned aircraft and associated elements (including communication links and the components that control the unmanned air- craft) that are required for the operator to operate safely and efficiently in the national airspace system.’’.

  • 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.

  • 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.

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

  • 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;

  • Unmanned aircraft means an aircraft that is not:

  • Aircraft Purchase Agreement Has the meaning specified in the NPA.

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

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

  • Owned 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.

  • 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 Protocol means the official English language text of the Protocol to the Convention on International Interests in Mobile Equipment on Matters Specific to Aircraft Equipment, adopted on November 16, 2001, at a diplomatic conference in Cape Town, South Africa, and all amendments, supplements, and revisions thereto (and from and after the effective date of the Cape Town Treaty in the relevant country, means when referring to the Aircraft Protocol with respect to that country, the Aircraft Protocol as in effect in such country, unless otherwise indicated).

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

  • State aircraft means an aircraft, other than a commercial aircraft, owned and operated by the government of any country or the government of a colony, dependency, province, state, territory or municipality of a country;

  • 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:

  • Airframe means the Aircraft excluding the Propulsion Systems.

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

  • Operation of aircraft means business of transportation by air of passengers, mail, livestock or goods carried on by the owners or lessees or charterers of aircraft, including the sale of tickets for such transportation on behalf of other enterprises, the incidental lease of aircraft and any other activity directly connected with such transportation.

  • aircraft objects means airframes, aircraft engines and helicopters;

  • Fixed wing turbine powered aircraft means an aircraft that:

  • Substitute Aircraft Has the meaning specified in the NPA.