Applicable Aviation Authority definition
Applicable Aviation Authority means, in relation to any Aircraft, each Governmental Authority that has responsibility for the supervision of civil aviation and/or the registration and operations of civil aircraft in the State of Registration of such Aircraft.
Applicable Aviation Authority means, in relation to any Aircraft, each governmental or regulatory authority that has responsibility for the supervision of civil aviation and/or the registration and operations of civil aircraft in the State of Registration of such Aircraft.
Applicable Aviation Authority means, in relation to any Aircraft Equipment, each Governmental Authority that has responsibility for the supervision of civil aviation and/or the registration and operations of civil aircraft in the State of Registration of such Aircraft Equipment. “Applicable Drawdown Date” means the Drawdown Date for any Loan. “Applicable Law” means, with respect to any Person, all laws, rules, regulations and orders of Governmental Authorities mandatorily applicable to such Person, including, without limitation, the regulations of each Applicable Aviation Authority so applicable to such Person or the Aircraft Equipment owned or operated by it or as to which it has a contractual responsibility. “Applicable Margin” means: (a) from, and including, the Closing Date to, and including, the second anniversary of the Closing Date, 2.25% per annum; (b) from, and excluding, the second anniversary of the Closing Date to, and including, the third anniversary of the Closing Date, 2.75% per annum; (c) from, and excluding, the third anniversary of the Closing Date to, and including, the fourth anniversary of the Closing Date, 3.25% per annum; and (d) from, and excluding, the fourth anniversary of the Closing Date to, and including, the Final Repayment Date, 3.75% per annum; provided that for any Interest Period in which Base Rate applies, the Applicable Margin shall be the margin determined pursuant to clause (a), (b), (c) or (d) above, minus 1.00% per annum. “Applicable Percentage” means, with respect to any Lender, the percentage of the total Commitments or Loans hereunder represented by the aggregate amount of such ▇▇▇▇▇▇’s Commitments or Loans hereunder, as set forth in the column entitled “Applicable Percentage” in Schedule I as modified from time to time pursuant to any Assignment and Acceptance. “Appraisal” means any or each Initial Appraisal and each appraisal prepared, or required to be prepared, by an Appraiser and delivered pursuant to Section 5.02. - 5 - “Appraisal Date” means the Determination Date occurring in January and the Determination Date occurring in July of each calendar year, commencing on the Determination Date occurring in July, 2024; provided that if any Appraisal Date would otherwise fall on a day that is not a Business Day, such Appraisal Date will be the first preceding day that is a Business Day. “Appraised Value” means, with respect to any Asset, the lesser of (a) the Maintenance Adjusted CMV of such Asset and (b) the Adjusted Base Value of such Asset; ...
Examples of Applicable Aviation Authority in a sentence
No effective financing statement or other instrument similar in effect (other than in connection with any Lease with the Applicable Aviation Authority or other governmental authority or office or any Permitted Encumbrance) covering all or any part of the Collateral is on file in any recording office, except such as may have been filed in favor of the Security Trustee relating to the Collateral or such as may have been terminated.
Assigned Leases), except for (A) the filing of financing and continuation statements under the UCC, (B) the Required Cape Town Registrations, (C) such filings with the FAA and any other Applicable Aviation Authority, (D) such other filings or consents as are required under other relevant local law and (E) consents to, or authorizations or approvals of, filings, in each case that have been or will be given, obtained or made, as the case may be.
Notwithstanding the foregoing, each Aircraft and Engine subject to a Lease shall be maintained in compliance with the applicable regulations of, and the applicable maintenance programs approved by, the Applicable Aviation Authority.
More Definitions of Applicable Aviation Authority
Applicable Aviation Authority means, in relation to any Aircraft Equipment, each Governmental Authority that has responsibility for the supervision of civil aviation and/or the registration and operations of civil aircraft in the State of Registration of such Aircraft Equipment. “Applicable Drawdown Date” means the Drawdown Date for any Loan. “Applicable Law” means, with respect to any Person, all laws, rules, regulations and orders of Governmental Authorities mandatorily applicable to such Person, including, without limitation, the regulations of each Applicable Aviation Authority so applicable to such Person or the Aircraft Equipment owned or operated by it or as to which it has a contractual responsibility. “Applicable Margin” means: (a) from, and including, the Closing Date to, and including, the second anniversary of the Closing Date, 2.251.875% per annum; (b) from, and excluding, the second anniversary of the Closing Date to, and including, the third anniversary of the Closing Date, 2.752.25% per annum; (c) from, and excluding, the third anniversary of the Closing Date to, and including, the fourth anniversary of the Closing Date, 3.252.75% per annum; and (d) from, and excluding, the fourth anniversary of the Closing Date to, and including, the Final Repayment Date, 3.753.25% per annum; provided that for any Interest Period in which Base Rate applies, the Applicable Margin shall be the margin determined pursuant to clause (a), (b), (c) or (d) above, minus 1.00% per annum. “Applicable Percentage” means, with respect to any Lender, the percentage of the total Commitments or Loans hereunder represented by the aggregate amount of such ▇▇▇▇▇▇’s