Loan Unit definition

Loan Unit means one £0.00001 unit in relation to a Loan.

Loan Unit means the part of the aircraft which is supplied by AJW to the Customer on Loan; “Off Unit” means a part removed from an aircraft in need of Repair and/or overhaul which either (i) has been or is to be replaced by the Exchange Unit, or (ii) has been sent directly to AJW for Repair management; “Off Unit Return Time” means the time to return the Off Unit as specified in the Exchange Order; “Outright Price” means the agreed price of an Exchange Unit or Loan Unit if the Off Unit is deemed BER or sold to Customer as an Outright Sale; “Outright Sale” means the outright sale of an Exchange Unit or Loan Unit by AJW to the Customer at the price specified in the corresponding quote, Exchange Agreement or Loan Agreement; “Order” means (i) any order submitted by the Customer for a Sale and/ or Repair or (ii) a loan or exchange order, in AJW’s standard format, submitted by the Customer to AJW; “Parts” means any aircraft component parts specified in an Order; “Repair” means any Unserviceable Off Unit that requires repair, overhaul, inspection, modification and/ or testing arranged by AJW and “Repaired” shall be understood accordingly; “Sale” means the Outright Sale of a Part by AJW to the Customer and “Sold” shall be understood accordingly; “Serviceable” means a part that meets aviation authority specified standards for airworthiness, including in relation to its storage, and has no known defects, which would render it unfit for service; “Units” means, together, Exchange Units and Off Units; “Unserviceable” means not Serviceable.

Loan Unit has the meaning set forth in Section 2(a).

Examples of Loan Unit in a sentence

• The Customer agrees not to sell or pledge the Loan Unit, or to allow the Loan Unit to be the subject of any lien or encumbrance.

• Immediately prior to the Effective Time, each MailKey Loan Unit Holder shall surrender to Acquiror for cancellation all certificates or agreements evidencing a MailKey Loan Unit and receive in exchange therefore the Acquiror Loan Units.

• At the Effective Time, holders of the MailKey Loan Units (the "MAILKEY LOAN UNIT HOLDERS") shall be entitled to receive, in exchange therefore, loan units (the "ACQUIROR LOAN UNITS"; together with the Acquiror Capital Stock, Acquiror Warrants, and Acquiror Options, the "ACQUIROR SECURITIES") convertible into shares of Acquiror Common Stock, substantially on the terms of the Form of Loan Unit attached hereto as EXHIBIT 1.2(E).

• Each Loan Unit consists of one Common Share and one-half common share purchase warrant (each a “Loan Warrant” and collectively, the “Loan Warrants”).

• AJW reserves the right to recharge the Customer for restocking fees incurred in obtaining the Exchange Unit or Loan Unit from a third party supplier.

• A Novation Agreement will automatically be entered into upon a Loan Unit being transferred from the Outgoing Lender to the Incoming Lender or the Security Trustee in accordance with the Lender Terms and Conditions, which will have the same effect as if a hard copy of the Novation Agreement was signed by both the Outgoing Lender and Incoming Lender or the Security Trustee as the case may be.

• The VIP Loan Unit gave enhanced customer service and discounts to Williams’ referrals from Washington.

• Countrywide VIP Loan Unit Underwriter Maritza Cruz stated that Mozilo weighed in on discounts and other issues that arose as VIP loans were processed.

• A The other thing is, you know, I should say they were also used to handling celebrities without being fans.65 FINDING: Williams referred new customers to the VIP Loan Unit and disgruntled existing customers to the Office of the President.

• Direct Loan Unit designations may not change to meet Income Averaging requirements.

More Definitions of Loan Unit

Loan Unit means the part of the aircraft which is supplied by DAI to the Customer on Loan; “Off Unit” means a part removed from an aircraft in need of repair and/or overhaul which has been or is to be replaced by the Exchange Unit; “Off Unit Return Time” means the time to return the Off Unit as specified in the Exchange Order; “Outright Price” means the agreed price of an Exchange Unit or Loan Unit if deemed BER or sold to DAI as an Outright Sale; “Outright Sale” means the outright sale of an Exchange Unit or Loan Unit by DAI to the Customer at the price specified in the corresponding quote, Exchange Agreement or Loan Agreement; “Order” means (i) any order submitted by the Customer for a Sale and/ or Repair or (ii) a loan or exchange order, in DAI’s standard format, submitted by the Customer to DAI; “Parts” means any aircraft component parts specified in an Order; “Repair” means any repair, overhaul, inspection, modification and/ or testing arranged by DAI on behalf of the Customer and “Repaired” shall be understood accordingly; “Sale” means the outright sale of a Part by DAI to the Customer and “Sold” shall be understood accordingly; “Serviceable” means a part that meets all OEM and aviation authority specified standards for airworthiness, including in relation to its storage, and has no known defects, which would render it unfit for service; “Units” means, together, Exchange Units and Off Units; “Unserviceable” means not Serviceable.

Loan Unit has the meaning ascribed to it in section "2.4" hereinbelow;

Loan Unit means a HPA Unit specified in the Purchase Order which is to be loaned by HPA to Customer during the Loan Period. “LRU Unit” Line Replacable Units are characterized as repairable and reusable aircraft material with aviation administration certification. “Purchase Order” means an order for Loan, Exchange or Sale of HPA Units submitted by Customer to HPA and accepted by HPA. “Sale” Permanent transfer of HPA Unit to Customer with transfer of title to Customer. “Time Controlled Component” is a component for which an aircraft or component maintenance program, or other approved sources require periodically the removal for restoration, the replacement or the quantitative inspection of component’s performance.

Loan Unit means a LHT Unit specified in the Purchase Order which is to be loaned by LHT to Customer during the Loan Period.

Loan Unit means a product that is either new or refurbished that is owned by the Company and is loaned to the Customer for a specified period of time.

Loan Unit means the part of the aircraft which is supplied by AJWTE to the Customer on Loan; “Off Unit” means a part removed from an aircraft in need of Repair and/or overhaul which either (i) has been or is to be replaced by the Exchange Unit, or (ii) has been sent directly to AJWTE for Repair management; “Off Unit Return Time” means the time to return the Off Unit as specified in the Exchange Order; “Outright Price” means the agreed price of an Exchange Unit or Loan Unit if the Off Unit is deemed BER or sold to Customer as an Outright Sale; “Outright Sale” means the outright sale of an Exchange Unit or Loan Unit by AJWTE to the Customer at the price specified in the corresponding quote, Exchange Agreement or Loan Agreement; “Order” means (i) any order submitted by the Customer for a Sale and/ or Repair or (ii) a loan or exchange order, in AJWTE’s standard format, submitted by the Customer to AJWTE; “Parts” means any aircraft component parts specified in an Order; “Repair” means any Unserviceable Off Unit that requires repair, overhaul, inspection, modification and/ or testing arranged by AJWTE and “Repaired” shall be understood accordingly; “Sale” means the Outright Sale of a Part by AJWTE to the Customer and “Sold” shall be understood accordingly; “Serviceable” means a part that meets all OEM and aviation authority specified standards for airworthiness, including in relation to its storage, and has no known defects, which would render it unfit for service; “Units” means, together, Exchange Units and Off Units; “Unserviceable” means not Serviceable.