Examples of Core Lease Provisions in a sentence
If the Controlling Trustees determine that any such revision to the Servicer's Pro Forma Lease will not have a material adverse effect on the Holders, then the Controlling Trustees shall amend the applicable Core Lease Provisions and (ii) notify the Rating Agencies of any Future Lease entered into the terms of which are materially less favorable from the point of view of the lessor than any of the Leases then in effect, including without limitation, such changes to the Core Lease Provisions.
The Servicer also shall be authorized to make such changes to the Pro Forma Lease as it shall deem necessary or appropriate from time to time to conform to current marketing practices or standards or for any other reason, provided that any such Pro Forma Lease, as so changed, shall comply with the Core Lease Provisions in the Indenture.
Substitution The Borrower may remove or change Aircraft in the Asset Pool (for the avoidance of doubt, following acquisition thereof by the applicable AOE and the acquisition of HoldCo by the Purchaser) by substituting for such Aircraft other A320 family aircraft on lease (pursuant to leases containing the Core Lease Provisions as set forth in Appendix 4) to AAB and its affiliated airlines (the "AAB Airlines") and the related collateral.
If the Controlling Trustees determine that any such revision to the Servicer's Pro Forma Lease will not have a material adverse effect on the Noteholders, then the Controlling Trustees shall amend the applicable Core Lease Provisions and (ii) notify the Rating Agencies of any Future Lease entered into the terms of which are materially less favorable from the point of view of the lessor than any of the Leases then in effect, including without limitation, such changes to the Core Lease Provisions.
Provisions At expiry of any existing lease of an Aircraft, the Servicer will be permitted to re-lease the Aircraft so long as the new lease meets certain minimum criteria including but not limited to: · Core Lease Provisions as set forth in Appendix 4 attached hereto; · No breach Concentration Limits as a result of such re-lease (or a worsening of any Concentration Limit that is already in breach); and · Lenders’ security not adversely affected.