CRAF Program definition

CRAF Program means the Civil Reserve Air Fleet Program authorized under 10 U.S.C. Section 9511 et seq. or any similar or substitute program under the laws of the United States.
CRAF Program. Has the meaning specified in Section 7.01(f) of the Lease. Cut-Off Date. December 10, 1997. Debt Portion. The amount specified as such on Schedule IV to the Participation Agreement.
CRAF Program has the meaning specified in Section 5(b)(vii) of the Lease.

Examples of CRAF Program in a sentence

  • Subject to the following sentence, all payments received by LESSOR or LESSEE from such Government Entity in connection with the requisition of the Aircraft under the CRAF Program will be paid over to or retained by LESSEE.

  • If there is a requisition for use of any Engine (but not the Airframe) by the U.S. Government in connection with the CRAF Program, LESSEE will replace such Engine by complying with the terms of Article 18.5 hereof.

  • If the CRAF Program Requisition Period extends beyond the Expiration Date provided by this Lease, then the Lease will be deemed to continue for six (6) months after the end of the CRAF Program Requisition Period at a monthly rental rate equal to the monthly rental rate during the Lease Term.

  • If there is a requisition for use of the Aircraft pursuant to the CRAF Program and/or CRAF activation, there will be no limitation on the geographic area in which the Aircraft may be operated so long as, taken as a whole, LESSEE's insurance, the Title XIII insurance and/or the indemnification provided by the U.S. Government fully cover (without any geographic exclusions) LESSEE's Exhibit C insurance requirements.

  • If a Default has occurred and is continuing, all payments received by LESSEE or LESSOR from such Government Entity in connection with the requisition of the Aircraft under the CRAF Program may be used by LESSOR to satisfy any obligations owing by LESSEE.


More Definitions of CRAF Program

CRAF Program. Has the meaning specified in Section 7.01(f) of the Lease.
CRAF Program means the Civil Reserve Air Fleet Program.
CRAF Program means the Civil Reserve Air Fleet Program established pursuant to 10 U.S.C. § 9511-13 or any similar substitute program. No reference to “proceeds” in this Security Agreement authorizes any sale, transfer, or other disposition of the Collateral by Debtor.
CRAF Program is defined in Section 6.1.2.
CRAF Program has the meaning specified in Section 4.01(b)(vii) of the ------------ Security Agreement.
CRAF Program has the meaning given in Section 28.1.
CRAF Program means the Civil Reserve Air Fleet Program authorized under 10 U.S.C. Section 9511 et seq. or any similar or substitute program under the laws of the United States. “Debt Rate” means, with respect to any Series of Equipment Notes, (i) the rate per annum specified for the applicable Series as such in Schedule I to the Indenture (as amended, in the case of any Additional Series, at the time of original issuance of such Additional Series), and (ii) for any other purpose, with respect to any period, the weighted average interest rate per annum during such period borne by the outstanding Equipment Notes, excluding any interest payable at the Past Due Rate. “Defaulted Operative Indenture” means any Operative Indenture (the terms “Event of Default”, “Equipment Notes” and “Payment Default” used in this definition have the meanings specified therefor in such Operative Indenture) with respect to which (i) a Payment Default has occurred and is continuing or an Event of Default described in Section 4.01(a) of such Operative Indenture has occurred and is continuing or (ii) an Event of Default other than an Event of Default described in Section 4.01(a) of such Operative Indenture has occurred and is continuing and, in any such case, either (x) the Equipment Notes issued thereunder have been accelerated and such acceleration has not been rescinded and annulled in accordance therewith or (y) the loan trustee under such Operative Indenture has given the Company a notice of its intention to exercise one or more of the remedies specified in Section 4.02(a) of such Operative Indenture; provided that in the event of a bankruptcy proceeding under the Bankruptcy Code under which the Company is a debtor, if and so long as the trustee or the debtor agrees to perform and Participation Agreement (American Airlines 2011-1 Aircraft EETC) [Reg. No.]