Examples of Committed Aircraft in a sentence
In the event that the Company leases the EMB Committed Aircraft, the parties will agree to a schedule for the assumption of such leases.
Republic acknowledges that it has no right to any pre-delivery deposits posted with Embraer on account of the EMB Committed Aircraft.
The Parties will mutually agree on the initial flight schedule prior to the Services Commencement Date for the first Committed Aircraft (as subsequently amended in accordance with Section 2.10.2, the “Flight Schedule”).
The Company is of the opinion that the working capital available to the Group, taking into account its cash resources and the Group’s Existing Committed Aircraft Financing Arrangements, is sufficient for its present requirements, that is for at least the next 12 months from the date of publication of this Circular.
The following Vesting Event has occurred on or around __________________, 20___: _____ Amazon or one of its Affiliates has executed an Aircraft Lease Agreement with the Corporation or one of its Affiliates for a Committed Aircraft in accordance with the terms of the A&R ATSA.
For purposes of the Agreement, the First Additional Aircraft shall no longer be deemed Committed Aircraft, Option Aircraft, Repositioned Aircraft or Excluded Aircraft.
Provided that this Agreement remains then in effect and no Sun Country Event of Default has occurred and is continuing, Amazon and Carrier will enter into a Carrier Work Order in the form of Exhibit B and an Aircraft Sublease in the form of Exhibit E concurrently with the Services Commencement Date for each of the Committed Aircraft.
After the PSA Approval Date, this Term Sheet shall constitute a legally binding amendment of the Existing Facility Documents in respect of the Committed Aircraft as and to the extent expressly set forth herein, and a legally binding agreement with respect to the Incremental Aircraft and the Financed Aircraft on the terms and conditions expressly set forth herein.
The Committed Aircraft bearing manufacturer’s serial numbers (“MSNs”) [*] are further designated as “Adjustable Term Committed Aircraft” and the Committed Aircraft bearing [*] are further designated as “Hire Purchase Aircraft”.
Notwithstanding the foregoing, in the case of each Adjustable Term Committed Aircraft used to provide services for [*] the return conditions in the Existing Facility Documents for such Aircraft shall be deleted and replaced with the following: [*] The lessee shall return the Adjustable Term Committed Aircraft to the lessor on the date provided in this Term Sheet.