DEEP STORAGE definition

DEEP STORAGE for any Aircraft means that such Aircraft has been stored (1) with a low expectation of a return to service, sale or lease within one year and (2) in a manner intended to minimize over a period of more than one year the rate of environmental degradation of the structure and components of such Aircraft during such period, in each case, as such storage status is reported in good faith by the Borrower to the Agent at the time of the applicable appraisal.
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Examples of DEEP STORAGE in a sentence

  • The options will be DESTROY, DONATE, DESIGNATE AS DEEP STORAGE or DO NOTHING.

  • DESIGNATE AS DEEP STORAGE – Items identified by SPRC as those that can be moved to Tejon facility by Deluxe.

Related to DEEP STORAGE

  • Pipeline means any pipe, pipes, or pipelines used for the intrastate transportation or transmission of any solid, liquid, or gaseous substance, except water.

  • Terminals means the Terminals set forth on Schedule A attached hereto.

  • Storage operator means a person holding or applying for a permit.

  • Underground storage means storage of hazardous liquid in a subsurface stratum or formation of the earth.

  • LNG means liquefied natural gas.