Aviation Counsel definition
Examples of Aviation Counsel in a sentence
In other words, an MSB might have complied with the Bank Secrecy Act and implementing regulations, but failed to register as an MSB with FinCEN.
Counsel to the FAA or Aviation Counsel shall have confirmed in writing that the Aircraft is registered or is eligible to be registered in the name of Owner Trustee.
Counsel to the FAA or Aviation Counsel shall have confirmed in writing that the Aircraft is registered or is eligible to be registered in the name of Owner Trustee, the Aircraft shall be registered with the FAA in the name of the Owner Trustee (or application for registration of the Aircraft in the name of Owner Trustee shall have been duly made with the FAA) and Lessee has temporary or permanent authority to operate the Aircraft.
Promptly following the recordation of the Lease Supplement covering such Replacement Engine pursuant to the Transportation Code (or pursuant to the applicable laws of the jurisdiction in which the Aircraft is registered) described in clause (C) and the registrations on the International Registry described in clauses (B) and (D), Lessee will cause to be delivered to Lessor an opinion of Aviation Counsel as to such recordation and registration.
Aviation Counsel shall mean such counsel as Lender may designate from time to time.
Conditions Precedent 2 4.1 Conditions Precedent to Obligations of Owner Participant 2 4.2 Conditions Precedent to Obligations of Owner Trustee 5 4.3 Conditions Precedent to Obligations of Lessee 6 4.4 Aviation Counsel Opinions 8 Section 5.
Buyer and Seller shall each pay one-half of the fees, expenses and costs of Aviation Counsel, including without limitation all filing fees payable pursuant to the Cape Town Rules.
So long as the Aircraft remains subject to the Lien of the Indenture, the Lessee will cause the Special Aviation Counsel, or other counsel reasonably satisfactory to the Indenture Trustee, to deliver to the Indenture Trustee an annual legal opinion regarding the continuing perfection of the Lien under the Indenture.
Without limiting the foregoing, Customer agrees that within five (5) Business Days of Lender’s request, Customer will enter into an irrevocable power-of-attorney authorizing Aviation Counsel or Lender’s other designee as Customer’s professional user entity and administrator for the purpose of discharging any Registerable Interests as and when directed to do so by Lender in connection with its exercise of its rights and remedies under the Loan Documents.
Such Transaction Expenses shall include, without limitation, appraisal and inspection fees, the fees and expenses of Aviation Counsel and of Lessor’s counsel, consultants and brokers, UCC, FAA, International Registry and other applicable title, interest and lien searches, and costs and expenses relating to recovery, repossession, storage, insurance, transportation, repair, refurbishment, advertising, sale and other dispositions of the Aircraft or of any Collateral.