Aircraft Value definition

Aircraft Value means, in respect of any Aircraft, the product of (i) the Aircraft Purchase Price of such Aircraft and (ii) the quotient obtained by dividing (A) the Depreciation Factor applicable to such Aircraft as of the Delivery Date for such Aircraft or in the case of any Aircraft to which the payment provisions of Section 4.2 applies, the Delivery Expiry Date by (B) the Depreciation Factor applicable to such Aircraft on the AP Closing Date.
Sample 1Sample 2
Aircraft Value means, at any time, with respect to any Aircraft, the current market value, as reflected in the Appraisal Report then most recently delivered to the Agent with respect to such Aircraft.
Sample 1Sample 2
Aircraft Value means, with respect to any Aircraft, the lesser of (a) (i) the arithmetic average of the Appraised Values as set forth in three Independent Appraisals, one from each of the three Independent Appraisers, provided to the Agent with respect to the Transfer Date for such Aircraft minus (ii) as of any date of determination, the product of (x) the Monthly Depreciation for such Aircraft multiplied by (y) the number of full Measuring Periods elapsed from the Transfer Date of such Aircraft to the date of the most recent Settlement Date to have occurred and (b) the arithmetic average of the Appraised Values as set forth in three Independent Appraisals, one from each of the three Independent Appraisers, then most recently delivered to the Agent (or, in the case of an Aircraft which has suffered an Event of Loss, then most recently delivered to the Agent prior to such Event of Loss); provided, however, that in any event, with respect to any Aircraft with a Financed Modification, the “grossed up” Independent Appraisal with respect thereto shall be applicable upon substantial completion of such Financed Modification.
Sample 1

Examples of Aircraft Value in a sentence

  • The Stipulated Aircraft Value with respect to any Financed Aircraft as set forth in any lease Contract related to a Receivable at any time is equal to or greater than the Outstanding Balance of such Receivable at such time assuming all current payments are made.

  • Month During Lease Term Amount of Monthly Payment [*] Exhibit B Stipulated Aircraft Value [*] EXHIBIT C Certificate of Final Acceptance This Acceptance Certificate is delivered on the date set out below by Gulfstream International Airlines, Inc.

  • Schedule 1 to the Aircraft Security Agreement, as amended or supplemented from time to time, sets forth a list of Unencumbered Stage 3 Aircraft with an Aircraft Value, as set forth in the most recent Appraisal Report delivered with respect thereto (a copy of which has been delivered to each of the Lenders), equal to the amount set forth opposite such Aircraft.

  • Xxxxxxx Date of Execution: 06/02/06 Date of Execution: “Lessor” “Lessee” Exhibit A Stipulated Aircraft Value $[*] Exhibit B Certificate of Final Acceptance This Certificate of Final Acceptance is given on the date set out below by Gulfstream International Airlines, Inc.

  • The Deposit shall be applied by the Seller towards the payment of the Purchase Price or Agreed Aircraft Value and Spare Engine Agreed Values as set forth in Section 2(b) above or, if the Buyer fails to perform its obligations to purchase the Equipment in accordance with this Agreement, retained by Seller.

  • Portfolio of 33 Aircraft A Desktop Appraisal February 2000 Prepared by The Aircraft Value Analysis Company 1 2 The Aircraft Value Analysis Company has been requested by Morgan Stanley Aircraft Finance to calculate the current market values of 32 aircraft and one engine.

  • If the Closing Date with respect to any Aircraft or Spare Engine is rescheduled in accordance with the proviso of the first sentence of Section 2(a) hereof, then the Purchase Price to be paid for such Aircraft or Spare Engine shall be respectively, the Agreed Aircraft Value and the Spare Engine Agreed Value.

  • If a Total Loss occurs after the Delivery Date, Lessee shall pay the Agreed Aircraft Value to the Lessor or the Lenders (as the case may be) on or prior to the earlier of (i) 30 days after the date of occurrence of the Total Loss and (ii) the date of receipt of insurance proceeds in respect of that Total Loss.

  • While every effort has been made to ensure the accuracy of the data and figures contained in this appraisal, The Aircraft Value Analysis Company bears no responsibility or liability for any inaccuracies.

  • The Purchase Price or the Agreed Aircraft Value or Spare Engine Agreed Value, if less than all of the Equipment is sold on the Closing Date, less the Deposit required to be paid as described in Section 2(d) hereof, shall be paid by Buyer to the Seller on the Closing Date for such Aircraft and Spare Engines in immediately available funds by wire or intrabank transfer for deposit to the account specified by Seller in writing.


More Definitions of Aircraft Value

Aircraft Value. Aircraft Value (“AV”) will be determined by the average of the three desktop appraisals to be provided by the Appraisers to the Agent and the Borrower. The individual appraisals will rely upon “Base Values” as defined by ISTAT, adjusted for current physical condition, based on the relevant physical inspection report. The AV of the aggregate funded aircraft will be updated by the Appraisers from time to time and under certain circumstances as to be determined by the Agent and the Borrower in the final documentation. Such updated appraisals shall be based on the aircraft’s condition as reflected in the most recent physical inspection or other relevant maintenance records to the extent applicable and available.
Sample 1
Aircraft Value means, with respect to any Aircraft, the lesser of (a) (i) the arithmetic average of the Appraised Values as set forth in three Independent Appraisals, one from each of the three Independent Appraisers, provided to the Agent with respect to the Transfer Date for such Aircraft minus (ii) as of any date of determination, the product of (x) the Monthly Depreciation for such Aircraft multiplied by (y) the number of full Measuring Periods elapsed from the Transfer Date of such Aircraft to such date of determination and (b) the arithmetic average of the Appraised Values as set forth in three Independent Appraisals, one from each of the three Independent Appraisers, then most recently delivered to the Agent (or, in the case of an Aircraft which has suffered an Event of Loss, then most recently delivered to the Agent prior to such Event of Loss); provided, however, that in any event, with respect to any Aircraft with a Financed Modification, the “grossed up” Independent Appraisal with respect thereto shall be applicable upon substantial completion of such Financed Modification.
Sample 1
Aircraft Value means, with respect to any Aircraft, the arithmetic average of the Appraised Values as set forth in three Independent Appraisals, one from each of the three Independent Appraisers, then most recently delivered to the Agent (or, in the case of an Aircraft which has suffered an Event of Loss, then most recently delivered to the Agent prior to such Event of Loss).
Sample 1
Aircraft Value. Cash Collateral Value", "Aircraft", "Eligible Aircraft", "Eligible Cash Collateral" or "Required Collateral Amount" and (ii) amend Section 5.01(m) or Section 5.01(n), and (c) no amendment, waiver or consent shall, unless in writing and signed by the Required Lenders and each Lender (other than any Lender that is, at such time, a Defaulting Lender) that has a Commitment under, or is owed any amounts under or in respect of, the Term Facility or the Revolving Credit Facility if such Lender is directly affected by such amendment, waiver or consent, (i) increase the Commitments of such Lender, (ii) reduce the principal of, or interest on, the Advances held by such Lender or any fees or other amounts payable hereunder to such Lender, (iii) postpone any date fixed for any payment of principal of, or interest on, the Advances held by such Lender or any fees or other amounts payable hereunder to such Lender or (iv) postpone any date fixed for the reduction of the Commitments of any Lender; provided further that no amendment, waiver or consent shall, unless in writing and signed by the Agent in addition to the Lenders required above to take such action, affect the rights or duties of the Agent under this Agreement or the other Financing Documents.
Sample 1
Aircraft Value. Cash Collateral Value", "Aircraft", "Eligible
Sample 1
Aircraft Value has the meaning set forth in Section 1.01 of the Credit Agreement.
Sample 1

Related to Aircraft Value

  • 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 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;

  • 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;

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

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

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

  • Airframe means the Aircraft excluding the Propulsion Systems.

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

  • Actual Value means the greenhouse gas emissions savings for some or all of the steps of a specific biofuel, bioliquid or biomass fuel production process, calculated in accordance with the methodology laid down in Part C of Annex V or Part B of Annex VI;

  • Baseline Value for each of the Company and the Peer Companies means the dollar amount representing the average of the Fair Market Value of one share of common stock of such company over the five consecutive trading days ending on, and including, the Effective Date.

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

  • Substitute Aircraft Has the meaning specified in the NPA.

  • aircraft objects means airframes, aircraft engines and helicopters;

  • 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:

  • Equipment Schedule means (a) each Equipment Schedule attached to the applicable Requisition and (b) each Equipment Schedule attached to the applicable Lease Supplement.

  • Original Value The lesser of (a) the Appraised Value of a Mortgaged Property at the time the related Mortgage Loan was originated and (b) if the Mortgage Loan was made to finance the acquisition of the related Mortgaged Property, the purchase price paid for the Mortgaged Property by the Mortgagor at the time the related Mortgage Loan was originated.

  • Equipment Cost means, for any Item of Equipment, the gross amount paid by the Company to the manufacturer thereof, including all applicable sales taxes, and delivery charges as invoiced by such manufacturer to the Company.

  • Added value means that the Contractor performs subcontract management functions that the Contracting Officer determines are a benefit to the Government (e.g., processing orders of parts or services, maintaining inventory, reducing delivery lead times, managing multiple sources for contract requirements, coordinating deliveries, performing quality assurance functions).