Gate Interests definition

Gate Interests means all of the right, title, privilege, interest, and authority now or hereafter acquired or held by the Borrower in connection with the right to use or occupy holdroom and passenger boarding and deplaning space in any airport terminal at which the Borrower conducts scheduled operations.

Gate Interests means all of the right, title, privilege, interest, and authority now or hereafter acquired or held by the Company or, if applicable, a Subsidiary in connection with the right to use or occupy holdroom and passenger boarding and deplaning space in any airport terminal at which the Company or any Subsidiary conducts scheduled operations.

Gate Interests means all of the right, title, privilege, interest, and authority now or hereafter acquired or held by the Borrower or, if applicable, a Guarantor in connection with the right to use or occupy space in any airport terminal located in the United States at which the Borrower conducts scheduled operations.

Examples of Gate Interests in a sentence

• Other than with respect to Slots at New York LaGuardia Airport and except as could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect, none of the Companies has received any notice from any Governmental Entity, including any Airport Authority, or is aware of any other event or circumstance, that would be reasonably likely to impair its right to hold and use any of the Gate Interests or Slots.

• Subject to any transfers, exchanges or other dispositions permitted by this Agreement and the DIP Credit Agreement, the Companies are utilizing or causing to be utilized the Slots and Gate Interests in all material respects to the extent required to maintain such rights to each such Slot and Gate Interest by the applicable Governmental Entity including each applicable Airport Authority.

• Subject to transfers, exchanges and other dispositions permitted by this Agreement, Borrowers are utilizing, or causing to be utilized, in all material respects, the Slots and Gate Interests as required by the applicable Governmental Authority including each applicable Airport Authority.

• Other than with respect to Slots at New York LaGuardia Airport and except as could not individually or in the aggregate, reasonably be expected to have a Material Adverse Effect, none of the Borrowers has received any notice from any Governmental Authority, including any Airport Authority, or is aware of any other event or circumstance, that would be reasonably likely to impair its right to hold and use Gate Interests or Slots.

• Except as could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect, no Borrower Group Member has received any notice from any Governmental Authority, including any Airport Authority, or is aware of any other event or circumstance, that would be reasonably likely to impair its right to hold and use Gate Interests or Slots.

• Each Borrower Group Member is utilizing, or causing to be utilized, in all material respects, the Slots and Gate Interests as required by the applicable Governmental Authority including each applicable Airport Authority.

• No Pledgor shall be required to seek a memorandum of lease or leasehold mortgage or similar instrument or filing with respect to Gate Interests.

• Nothing herein shall be construed to require Grantors to record any memoranda of lease or similar instruments with respect to Gate Interests.

• Maintain Primary Gate Interests sufficient to ensure its ability to retain its right in and to the Primary Routes and to preserve its right in and to the Primary Foreign Slots.

• Please contact the undersigned at 408-000-0000, xx you have any questions about this matter.

More Definitions of Gate Interests

Gate Interests means all of the right, title, privilege, interest, and authority now or hereafter acquired or held by Delta or, if applicable, a subsidiar in connection with the right to use or occupy holdroom and passenger boarding and deplaning space in any airport terminal at which Delta or any subsidiary conducts scheduled operations.

Gate Interests means all of the right, title, privilege, interest and authority now or hereinafter acquired or held by the Borrower or, if

Gate Interests all of the right, title, privilege, interest and authority now or hereafter acquired or held by the Company or, if applicable, a Subsidiary Guarantor in connection with the right to use or occupy holdroom and passenger boarding and deplaning space in any airport terminal located in the United States at which the Company conducts scheduled operations.

Gate Interests means all of the right, title, privilege, interest, and authority now or hereafter acquired or held by the Company or any of the subsidiaries of the Company in connection with the right to use or occupy holdrooms, jetways and passenger boarding and deplaning space and any related airport facilities used by the Company or any of the subsidiaries of the Company for its operations, including ticket counter space, baggage claim and baggage makeup space, lounge space, maintenance/hangar facilities, and administrative office space, in any airport at which the Company or any of the subsidiaries of the Company conducts scheduled operations.

Gate Interests means all of the right, title, privilege, interest and authority now or hereinafter acquired or held by the Borrower or, if applicable, a Guarantor, in connection with the right to use or occupy space in any airport terminal located in the United States to or from which the Borrower regularly operates scheduled nonstop service to or from any point in Japan, the People’s Republic of China, Hong Kong, or London’s Heathrow Airport, to the extent such Gate Interest is actually used in conjunction with such service. To the extent that Borrower ceases, in a manner consistent with Section 6(c) of the SGR Security Agreement, to use any Gate Interests to operate scheduled non-stop service to or from such foreign points, such Gate Interests shall automatically cease to be Gate Interests hereunder.