Local Requirements Exception means an exception for Equity Interests or title to a Pool Aircraft held by directors, trustees, nominees, conditional vendors or similar persons under similar arrangements in order to meet local nationality or other local requirements regarding registration or ownership of aircraft or to minimize the impact of any Taxes on the Borrower, another Transaction Party or Lessee, which is consistent with Leasing Company Practice, provided that the Transaction Parties are in compliance with the Express Perfection Requirements.

Local Requirements Exception means an exception for Equity Interests or title to an Aircraft held by directors, trustees, nominees, conditional vendors or similar persons under similar arrangements solely in order to meet local nationality or other local requirements regarding registration or ownership of aircraft or to minimize the impact of any Taxes on the Company or a lessee of such Aircraft and which do not, or could not reasonably be expected to, have a material adverse effect on the Collateral or any part thereof or the security interest of the Agent, it being understood that all of the Equity Interests of each Parent Holdco, each Pledged SPE and each Intermediate Lessee will be pledged to the Agent, except for the foregoing which in any event shall be de minimis in nature.

Examples of Local Requirements Exception in a sentence

Each Grantor represents and warrants as of the date of this Agreement, and as of each date on which such Grantor subjects an Additional Pool Aircraft to this Agreement solely with respect to such Additional Pool Aircraft and such Grantor, as follows: (a) Each Pool Aircraft indicated in Schedule I as being Owned by such Grantor is Owned by such Grantor, in each case except to the extent of the Local Requirements Exception.
Subject to the Local Requirements Exception, the relevant Owner Subsidiary has good and marketable legal title to its respective Pool Aircraft, free and clear of Liens other than Permitted Liens.
This suggests that those with less than three years since their last delivery abandoned implant use while still in need of contraceptives mainly due to the implants side effects while those whose number of years since their last delivery was more than three years abandoned use without further need of contraception, a majority in order to conceive.

Related to Local Requirements Exception

Technical Requirements means the Technical Requirements in Section VII of the tendering documents.
Environmental Requirements means any legal requirement relating to health, safety or the environment and applicable to the Borrower, any Subsidiary or the Properties, including but not limited to any such requirement under CERCLA or similar state legislation and all federal, state and local laws, ordinances, regulations, orders, writs, decrees and common law.
Governmental Requirement means any law, statute, code, ordinance, order, determination, rule, regulation, judgment, decree, injunction, franchise, permit, certificate, license, rules of common law, authorization or other directive or requirement, whether now or hereinafter in effect, of any Governmental Authority.
Legal Requirements means any federal, state, local, municipal, foreign or other law, statute, constitution, principle of common law, resolution, ordinance, code, edict, decree, rule, regulation, ruling or requirement issued, enacted, adopted, promulgated, implemented or otherwise put into effect by or under the authority of any Governmental Entity (as defined below).
Insurance Requirements means all terms of any insurance policy required by this Agreement and all requirements of the issuer of any such policy and all orders, rules and regulations and any other requirements of the National Board of Fire Underwriters (or any other body exercising similar functions) binding upon Landlord, Tenant or the Leased Property.