Airframe definition
Examples of Airframe in a sentence
All rights and interests of Lessee hereunder (including any right that Lessee might otherwise have under applicable law to the quiet possession and enjoyment of the Airframe and Engines) are, and at all times shall be and remain, subject and subordinate to the rights of any Lender providing financing with respect to the Aircraft and such L▇▇▇▇▇’s rights and remedies thereunder.
The Servicer shall use commercially reasonable efforts to cause each Lessee to affix an ownership placard on each related Airframe and Engine stating that such Airframe or Engine is owned by the applicable Asset Trust.
The Servicer shall perform the Services with reasonable care and diligence at all times as is customary in the engine operating leasing industry and, for so long as there are any Assets that are Airframes, the aircraft operating leasing industry, as if it were the owner of each such Engine or Airframe, as applicable (the “Standard of Care”).
The Standard of Care shall be implemented in a manner which is consistent with the reasonable commercial practices of leading international Aircraft Engine operating lessors and, for so long as there is any Asset that that is an Airframe, leading international aircraft operating lessors, and is consistent with the Indenture.
The foregoing shall not be required with respect to an Engine that is (and for so long as it remains) associated with an Airframe that is registered in a country other than the United States of America.