Leasing Affiliate definition

Leasing Affiliate means a subsidiary of the Lessee or any other Person controlled by the Lessee, in each case that is, if the relevant Person is the operator or proposed operator of the Aircraft, a commercial air carrier possessing at all times while the Aircraft is operated by such person, all necessary authorizations (including, without limitation, those required to operate the Aircraft), consents and licenses; provided that in no event shall any Person be a Leasing Affiliate if such Person is, at the time of the proposed entry into of any sublease or interchange: (i) insolvent, or (ii) located in a country subject to EU or UN sanctions. For the purposes of this definition, the Lessee shall be deemed to “control” another Person if:

Leasing Affiliate means a subsidiary of LATAM or any other person controlled by LATAM, in each case that is, if the relevant person is the operator or proposed operator of the Aircraft, a commercial air carrier possessing at all times while the Aircraft is operated by such person, all necessary authorizations (including, without limitation, those required to operate the Aircraft), consents and licenses; provided that in no event shall any person be a Leasing Affiliate if such person is, at the time of the proposed entry into of any sublease or interchange: (i) insolvent, or (ii) located in a country subject to EU or UN sanctions. For the purposes of this definition, LATAM shall be deemed to “control” another person if:

Leasing Affiliate means any of:

Examples of Leasing Affiliate in a sentence

• Leasing Affiliate is duly qualified to do business and is in good standing under the laws of the state of Florida and of each other jurisdiction in which failure to be so qualified and in good standing will result, or is reasonably likely to result, in a Material Adverse Effect.

• The Leasing Affiliate Liabilities shall not exceed $20,000,000 at any time outstanding.

• This information will include the qualifications of and the terms for engaging the Leasing Affiliate, whether RREEF Management is also providing property management services to the property, and the fees charged by RREEF Management for these various services.

• If, as applicable, no such renewal or extension option is available to Franchisor or the Leasing Affiliate under its Master Lease, but an opportunity to extend or renew the Master Lease or enter into a new Master Lease for the Franchised Location is available to Franchisor or the Leasing Affiliate, Franchisor or the Leasing Affiliate shall determine in its sole discretion whether to accept any such renewal, extension or new Master Lease.

• The Borrower shall provide to the Agent, promptly upon the execution by the Borrower, Leasing Affiliate, or any Subsidiary of the Borrower or Leasing Affiliate, of any Hedge Agreement, written notice of the notional amount thereof.

More Definitions of Leasing Affiliate

Leasing Affiliate means Aviation Sales Leasing Company, a Delaware corporation and, from and after the consummation of the Leasing Transfer, a wholly-owned Subsidiary of the Parent.

Leasing Affiliate means (i) a Guarantor; (ii) a Subsidiary of the Borrower;

Leasing Affiliate means, in each case, so long as they are an Affiliate of Lessee at the time of the relevant event: For the purposes of this definition, Lessee shall be deemed to “control” another entity if: (1) Lessee possesses, directly or indirectly, the power to direct the management or policies of such other entity either through: (i) the ownership of voting rights; (ii) control of the board (including control of its composition) of the other entity; or (iii) indirect control of (i) and (ii); or (2) such other entity would, under relevant accounting principles, be consolidated or required to be consolidated for accounting purposes with Lessee.

Leasing Affiliate means, in each case, so long as they are an Affiliate of the Lessee at the time of the relevant event:

Leasing Affiliate means any of under relevant accounting principles, be consolidated for accounting purposes with Lessee.

Leasing Affiliate means (i) a Guarantor; (ii) a Subsidiary of the Borrower;(iii) a Subsidiary of any Guarantor; or (iv) any other Person controlled by the Borrower or any Guarantor, in each case that is, (a) if a commercial air carrier, possessing all necessary authorizations (including, without limitation, those required to operate the Aircraft or Engine, as applicable), consents and licenses and (b) organized under the laws of, and principally based in, Chile, Mexico, Peru, Ecuador, Colombia, Brazil, Argentina, Paraguay, the United States or the Dominican Republic. For purposes of this definition, the Borrower or any Guarantors shall be deemed to control another Person if the Borrower or such Guarantor possesses, directly or indirectly, the power to direct or cause the direction of the management and policies of such other Person, whether through the ownership of voting securities, by contract or otherwise.

Leasing Affiliate means any of (a) a subsidiary of Lessee, (b) an Affiliate of Lessee or (c) any other Person controlled by Lessee, in each case that is, if the relevant Person is the operator or proposed operator of the Aircraft, a commercial air carrier possessing at all relevant times while the Aircraft is operated by such Person, all necessary authorizations, consents and licenses. For the purposes of this definition, Lessee shall be deemed to control another Person if (1) Lessee possesses directly or indirectly the power to direct the management or policies of such other Person whether through (x) the ownership of voting rights, (y) control of the board (including control of its composition) of the other Person or (z) indirect control of (x) and (y); or (2) such other person would, under Applicable Accounting Principles, be consolidated for accounting purposes with Lessee.