Federal Aviation Code definition
Examples of Federal Aviation Code in a sentence
The FAA ▇▇▇▇ of Sale, the Security Agreement and Security Agreement Supplement No. 1 covering the Aircraft shall have been duly filed for recordation (or shall be in the process of being so duly filed for recordation) with the FAA pursuant to the Federal Aviation Code.
The Security Agreement, Security Agreement Supplement No.1, and the FAA ▇▇▇▇ of Sale relating to the Aircraft will have been duly filed for recordation (or shall be in the process of being so duly filed) pursuant to and in accordance with the Federal Aviation Code.
Any successor Owner Trustee, however appointed, shall, if required by the Federal Aviation Code, be a Citizen of the United States and shall also be a bank or trust company organized under the laws of the United States or any state thereof having a combined capital and surplus of at least $250,000,000, if there be such an institution willing, able and legally qualified to perform the duties of Owner Trustee hereunder upon reasonable or customary terms.
The Borrower shall cause each Aircraft to be, and at all times to remain, duly registered with the FAA under the Federal Aviation Code in the name of the Borrower or with such other country of registry and in such name as shall be permitted under Section 3 J(b) below.
Lessee and Lessor understand and agree that if at the time of any replacement of the Airframe or either Engine, as contemplated in this Section 9, the Airframe was registered in a jurisdiction other than the United States, then the requirements set forth above in this Section 9.3.1 relating to compliance with the requirements of the Federal Aviation Code or the FAA, shall be deemed to refer to the comparable applicable Laws of, and the Aviation Authority of, such other jurisdiction.
Borrower shall cause the Aircraft to be, and at all times to remain, duly registered with the FAA under the Federal Aviation Code in the name of Borrower or with such other country of registry and in such name as shall be permitted under Section 3.3(b) below.
Notwithstanding anything to the contrary in this Agreement, the Owner Trustee and the Owner Participant hereby agrees as follows: If Persons who are not "Citizens of the United States" as defined in Section 40102(a)(15) of the Federal Aviation Code or resident aliens have the power to direct or remove the Owner Trustee, either directly or indirectly through the control of another Person, those Persons together may not have more than 25 percent of the aggregate power to direct or remove the Owner Trustee.
The Security Agreement and the Security Agreement Supplement and the FAA ▇▇▇▇ of Sale relating to such Aircraft will have been duly filed for recordation (or shall be in the process of being so duly filed) pursuant to and in accordance with the Federal Aviation Code.
Borrower and Security Trustee understand and agree that if at the time of any replacement of the Airframe or any Engine, as contemplated in this Section 3.4, the Airframe was registered in a jurisdiction other than the United States, then the requirements set forth above in this Section 3.4 relating to compliance with the requirements of the Federal Aviation Code or the FAA, shall be deemed to refer to the comparable applicable Law of, and the Aviation Authority of, such other jurisdiction.