FAA Certificates definition
FAA Certificates mean, collectively, all certificates required by the FAA and the FARs for the manufacture, design, production, maintenance, use or sale of any Aircraft, including, with respect to any Grantor, each Airworthiness Certificate issued with respect to such Aircraft and each other certificate issued in favor of any Grantor under the FARs pursuant to which such Grantor maintains, operates or sells Aircrafts or Spare Parts, as the same now exists or may hereafter be amended, supplemented, renewed, extended, reissued, or replaced.
Examples of FAA Certificates in a sentence
To the best of any Loan Party’s knowledge, as of the Closing Date, there does not exist any basis for the suspension, restriction, revocation or cancellation of any of such FAA Certificates.
The Borrower shall promptly notify the Administrative Agent of, and shall take prompt and appropriate action to respond to, any material non-compliance with any of the Aviation Laws or the FAA Certificates, including without limitation the revocation, suspension or surrender of any of the FAA Certificates.