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).
The lease expires in May 2046, though Jet Yard has an option to renew the lease for an additional 30-year period (though the lease to a 2.6-acre parcel of the leased premises may be terminated by Pinal County upon 90 days’ notice).
The lease agreement permits Pinal County to terminate the lease if Jet Yard fails to make substantial progress toward the construction of facilities on the leased premises in phases in accordance with a specified timetable.
No right or remedy herein conferred upon or reserved to the Trustee or to the Holders is intended to be exclusive of any other right or remedy, and every right and remedy are, to the extent permitted by law, cumulative and in addition to every other right and remedy given hereunder or now or hereafter existing at law or in equity or otherwise.
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.
Jet Yard & Jet Yard Solutions – The company offers commercial aircraft storage, storage maintenance and aircraft disassembly/part-out services.
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.
The lease agreement permits Pinal County to terminate the lease if Jet Yard fails to make substantial progress toward the construction of facilities on the leased premises in phases in accordance with a specified timetable, which includes, as the initial phase, the construction of a demolition pad to be completed by March 2017 and, as the final and most significant phase, the construction of an aircraft maintenance hangar large enough to house a Boeing B777-300 by the first quarter of 2021.
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.
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.