Grupo TACA definition
Examples of Grupo TACA in a sentence
IAE and AAH acknowledge that, as of the date of this Contract, the current operations of the Grupo TACA Airlines do not give rise to a material variation in the Specific Conditions upon which the Guaranteed Rate is predicated.
The Seller may set-off any matured and undisputed obligation owed by the Buyer and/or AviancaTaca Holding S.A. and/or Grupo TACA Holdings Limited (individually or collectively the “Relevant Set-Off Parties”), to the Seller and/or its Affiliates against any obligation (whether or not matured) owed by the Seller to any of the Relevant Set-Off Parties [*].
IAE understands that AAH may use any of various mechanisms to finance or acquire the Aircraft or to refinance its acquisition of an Aircraft, including a sale leaseback whereby AAH or the Aircraft Manufacturer sells the aircraft to a third party and a Grupo TACA Airline leases the Aircraft from the third party.
Nothing herein shall be deemed to prevent AAH from selling any such Spare Engine in connection with a sale and lease-back transaction whereby the Spare Engine is placed on a long-term lease to a Grupo TACA Airline.
Subject to the provisions of clause 8.2 of the GTA, Lessee may sublease the Engine to one or more airlines within Grupo TACA.
The Parties to this Contract acknowledge that AAH may desire that an entity controlled by AAH or by Grupo TACA Holding Ltd.
IAE and AAH acknowledge that, as of the date of this Contract, the current operations of Grupo TACA Airlines do not give rise to a material variation in the Specific Conditions upon which the Guaranteed Rate is predicated.