Jet Yard definition
Examples of Jet Yard in a sentence
Most of the net book value of the Company’s amortizable intangibles stems from the Company’s acquisitions of Contrail Aviation, D&D and Jet Yard (see Note 8).
This Note is the Revolving Credit Note referred to in, and is entitled to the benefits of, the Third Amended and Restated Credit Agreement dated as of August 31, 2021 (as amended, modified, supplemented or restated from time to time being the “Credit Agreement”; capitalized terms not otherwise defined herein being used herein as therein defined) between the Maker, its co-Borrower, Jet Yard, LLC, an Arizona limited liability company, and the Lender.
We believe the combination of Contrail, Worthington, AirCo, and Jet Yard provide a strong end-of-life aircraft management platform that can be used to maximize the value of these assets.
Jet Yard: End-of-Life aircraft services company based at Pinal Airpark in Marana Arizona.
Jet Yard Solutions, LLC, an Arizona limited liability company By: /s/ Xxxx Xxxxxx Name: Xxxx Xxxxxx Its: President AGREED TO AND ACCEPTED: Minnesota Bank & Trust, a Minnesota state banking corporation By: /s/ Xxxxxx Xxxxxxxxx Name: Xxxxxx Xxxxxxxxx Title: Senior Vice President None.
That certain Bailee Agreement dated as of October 27, 2017, executed by Jet Yard, the Borrower and the Lender, with regards to Collateral in the possession of Jet Yard, as originally executed and as it may be amended, modified, supplemented, restated or replaced from time to time.
Air T has further requested that its subsidiary, Jet Yard, LLC, an Arizona limited liability company (“Jet Yard”; and together with Air T being sometimes collectively referred to herein as the “Borrowers” or individually as a “Borrower”), be added as an additional “Borrower” party to the Existing Credit Agreement and that the Lender provide a $2,000,000 term loan (the “Jet Yard Term Loan”) to Jet Yard to finance construction of a ground hardening project at Jet Yard’s facility located in Marana, Arizona.
The Jet Yard Bailee Agreement, the Airco Bailee Agreement and each other bailee agreement executed by the owner of a facility where Collateral is located from time to time.
This Note is the Overline Note referred to in, and is entitled to the benefits of, the Third Amended and Restated Credit Agreement dated as of August 31, 2021 (as amended, modified, supplemented or restated from time to time being the “Credit Agreement”; capitalized terms not otherwise defined herein being used herein as therein defined) between the Maker, its co-Borrower, Jet Yard, LLC, an Arizona limited liability company, and the Lender.
For example, Kingman Aviation Parts (disassembly and parts sales) and Kingman Airline Services (MRO, disassembly) are located at Kingman Airport, Ascent Aviation Services (MRO, both disassembly and teardown), Jet Yard Solutions (storage, disassembly and teardown and recycling) are located at Marana Airport in Arizona.