Aircraft Substitution definition

Aircraft Substitution means the exchange of one or more Aircraft included in the Aircraft Collateral and Aircraft-Related Collateral related thereto for one or more Eligible Aircraft and Aircraft-Related Collateral related thereto; provided that, (i) in each case, the Substitution Closing Conditions shall have been satisfied with respect to such Eligible Aircraft and Aircraft-Related Collateral related thereto on or prior to the date on which the Aircraft Substitution occurs as if such Eligible Aircraft was Aircraft Collateral on the Effective Date and providing for validity and perfection of Liens on such substitute Collateral equal to or greater than the Collateral being replaced; and (ii) Holdings shall have given the Administrative Agent not less than three days (or such shorter period as the Administrative Agent may agree) prior written notice before an Aircraft Substitution shall be effective.
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Aircraft Substitution means the exchange of one or more Pledged Aircraft and Aircraft-Related Collateral related thereto for one or more Eligible Aircraft and Aircraft-Related Collateral related thereto; provided that, (i) in each case, the Substitution Closing Conditions shall have been satisfied with respect to such Eligible Aircraft and Aircraft-Related Collateral related thereto on or prior to the date on which the Aircraft Substitution occurs as if such Eligible Aircraft were a Pledged Aircraft on the Issue Date or the Applicable Post-Closing Aircraft Liens Perfection Date of the Pledged Aircraft being replaced, as applicable; and (ii) the Company shall have given the Collateral Agent not less than three days (or such shorter period as the Collateral Agent may agree) prior written notice before an Aircraft Substitution shall be effective.
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Aircraft Substitution means the exchange of one or more Pledged Aircraft and Aircraft-Related Collateral related thereto for one or more Eligible Aircraft and Aircraft-Related Collateral related thereto; provided that, (i) in each case, the Substitution Closing Conditions shall have been satisfied with respect to such Eligible Aircraft and Aircraft-Related Collateral
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Examples of Aircraft Substitution in a sentence

  • An Employee whose Deferred Retirement Date is on or before January 1, 1988 and who did not retire at his Normal Retirement Date shall be deemed to have retired at his Normal Retirement Date for purposes of determining the increase in his Retirement Income payable at his Deferred Retirement Date.

  • The Administrative Agent shall release its security interest in the Removed Aircraft within five Business Days after the Aircraft Substitution Request Date.

  • Denied Boarding Compensation Due to Aircraft Substitution and/or Weight Restrictions .

  • Recommendation # 2 - Alternative Flight Tracks and Aircraft Substitution: The city of Brownsville should coordinate with pilots, the FAA and ATCT to initiate an informal voluntary agreement between concerned parties for the implementation of this alternative.

  • These facilities would also be required to report to the permitting authority whenever an investigational new animal drug is used or drug or chemical is used for a purpose that is not in accordance with its label requirements.EPA estimates that each plan willrequire 40 hours per facility to develop the plan.


More Definitions of Aircraft Substitution

Aircraft Substitution means the exchange of one or more Aircraft for one or more Eligible Aircraft; provided that, (i) in each case, the conditions set forth in subsections (v)-(xix) of Section 3.2(b) shall have been satisfied with respect to such Eligible Aircraft on or prior to the date on which the Aircraft Substitution occurs as if such Eligible Aircraft were an Aircraft on the Funding Date (provided that, any legal opinions to be addressed to the Administrative Agent, Security Agent and/or Lenders in connection with such Aircraft Substitution in each applicable jurisdiction shall cover matters consistent in scope (to the extent relevant) with legal opinions delivered to such parties on the Funding Date, with such changes as are appropriate to reflect any relevant differences in jurisdictions); (ii) subject to the Borrower’s compliance with the other requirements set forth herein, the Borrower shall have given the Administrative Agent not less than ten (10) days (or such shorter period permitted by the Administrative Agent in its reasonable discretion) prior written notice before an Aircraft Substitution shall be effective; (iii) either (a) the Borrower shall have executed and delivered to the Administrative Agent a certificate signed by a Responsible Officer certifying that the replacement aircraft constitutes an “Eligible Aircraft” under clause (A) of such definition under this Agreement or (b) the Administrative Agent shall have acknowledged that the replacement aircraft constitutes an “Eligible Aircraft” under clause (B) of such definition under this Agreement; and (iv) the Borrower pays the costs and expenses of the Representatives in relation to the Aircraft Substitution contemplated by Section 11.4(a).
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Related to Aircraft Substitution

  • 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.

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

  • 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;

  • Substitute Aircraft Has the meaning specified in the NPA.

  • 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.

  • 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.

  • 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.’’.

  • Engines means, as of any date of determination, all Engines then leased hereunder.

  • 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 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.

  • APU means the auxiliary power unit of the Aircraft.

  • Unmanned aircraft means an aircraft that is not:

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

  • Collateral Substitution has the meaning specified in Section 3.13.

  • Engine under the Lease. The term "Engines" means, as of any date of determination, both Engines then leased to the Lessee pursuant to the Lease.

  • 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.

  • New Aircraft Has the meaning specified in 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.

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

  • 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;

  • Airport Ground Support Equipment means vehicles and equipment used at an airport to service aircraft between flights.

  • Fixed wing turbine powered aircraft means an aircraft that:

  • Accessory Structure (Appurtenant Structure means a structure located on the same parcel of property as the principal structure and the use of which is incidental to the use of the principal structure. Garages, carports and storage sheds are common urban accessory structures. Pole barns, hay sheds and the like qualify as accessory structures on farms, and may or may not be located on the same parcel as the farm dwelling or shop building.

  • Replacement Engine means a [Engine Manufacturer and Model] engine (or an engine of the same or another manufacturer of a comparable or an improved model and suitable for installation and use on the Airframe with the other Engine (or any other Replacement Engine being substituted simultaneously therewith)) that shall have been made subject to the Lien of the Indenture pursuant to Section 7.04 or Section 7.05 thereof, together with all Parts relating to such engine, but excluding items installed or incorporated in or attached to any such engine from time to time that are excluded from the definition of Parts.

  • Resource Substitution Charge means a charge assessed on Capacity Market Buyers in an Incremental Auction to recover the cost of replacement Capacity Resources.