Eligible Engine definition

Eligible Engine means any Engine suitable for installation on an Eligible Aircraft or any other Engine reasonably acceptable to the Administrative Agent, in each case that are owned by the Borrower or any other applicable Grantor, that are not subject to a sublease, loan or similar arrangement, and that are eligible for the benefits of Section 1110.

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Eligible Engine means any Engine suitable for installation on an Eligible Aircraft or any other Engine reasonably acceptable to the Administrative Agent, in each case that is owned by the Borrower or any other applicable Grantor, and that (i) is not subject to a sublease, loan or similar arrangement (other than any Permitted Disposition), (ii) constitutes Core Fleet Equipment and (iii) is eligible for the benefits of Section 1110.

Eligible Engine means an Engine that is an Eligible Asset.

Examples of Eligible Engine in a sentence

• If Spirit fails to comply with the requirements set forth in Section 9, and such failure or non-approval, as applicable causes the Maintenance Center to reasonably reschedule or delay the induction or completion of a Shop Visit for an Eligible Engine, then such delay shall constitute an Excusable Delay for IAE.

• Each Eligible Engine following an Eligible Engine Removal shall be forwarded to the Maintenance Center.

• In the event that the repair or replacement of an Accessory for an Eligible Engine delays the completion of the Shop Visit for such Eligible Engine, such delay shall be considered an Excusable Delay.

• Alternatively Spirit may request the use of units provided by the Maintenance Center to permit the testing of the Eligible Engine in accordance with Section 8.1.11 above, to the extent the Maintenance Center has such capability.

• IAE shall allow or cause the Maintenance Center to allow reasonable access to work areas and Eligible Engine records for inspection by Spirit and, at the request of Spirit and subject to the reasonable rules and regulations of the relevant Maintenance Center, any relevant owner, Lessor or their respective designees.

More Definitions of Eligible Engine

Eligible Engine means any Engine suitable for use on an Eligible Aircraft.

Eligible Engine means any Engine which, individually or when considered with all Eligible Engines then owned by Issuer, as applicable, shall comply with each of the following requirements, unless any of such requirements is waived in writing by the Administrative Agent:

Eligible Engine means an Engine that is an Eligible Asset and is not either (a) an Engine that is installed on an Aircraft that has been included in the Borrowing Base as Eligible Equipment or (b) an Engine that has been included in the Borrowing Base as an Eligible Saleable Asset.

Eligible Engine. This term shall have the meaning set forth in the related Supplement for a Series.

Eligible Engine means Engines identified by Engine serial numbers listed in Attachment 2.

Eligible Engine means (i) each Engine installed at delivery on an Aircraft delivered by the Aircraft Manufacturer pursuant to the Aircraft Agreement (as defined in the Support Contract) and (ii) each Spare Engine, in each case so long as such Engine is operated by a Grupo TACA Airline.

Eligible Engine. Any Engine that, individually or when considered with all Eligible Engines then owned (either directly or beneficially) by the Issuer, as applicable, complies with each of the following requirements, unless, and only to the extent, any of such requirements (with the exception of requirement (7)) is waived in writing by the Deal Agent: