Maintenance Reserve Payments definition

Maintenance Reserve Payments means any payment (including any use fee or utilization payment) that is based on the usage of an Engine or which is based on, or in respect of which, the Lessor under a Lease may be obligated to reimburse the Lessee under such Lease for specified maintenance activities with respect to the Engine subject to such Lease.

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Maintenance Reserve Payments means any amounts (howsoever described) paid, or to be paid, as the context may require, under any Lease Document to any Obligor in connection with the anticipated performance of maintenance on any Aircraft and any end-of-lease compensation payments under the relevant Lease Document, whether such amounts are paid by the Portfolio Lessee, any Credit Support Provider or any Letter of Credit Provider;

Maintenance Reserve Payments means any payment (including any use payment) that is based on the usage of an Engine or which is based on, or in respect of which, the Lessor under a Lease may be obligated to reimburse the Lessee under such Lease for specified maintenance activities with respect to the Engine subject to such Lease.

Examples of Maintenance Reserve Payments in a sentence

The Servicer shall be authorized to direct the Indenture Trustee in writing to make disbursements from the Expense Account of all Expenses on such projection and of all Maintenance Reserve Payments and Security Deposits on such projection from time to time during such Monthly Payment Period.
The Maintenance Reserve Payments shall be Supplemental Rent under this Lease and Lessee shall not have any right, title or interest therein or thereto other than the rights set forth in Section 4(d) hereof.
Lessee agrees to pay the Maintenance Reserve Payments specified in Exhibit C hereto during the Term on each Maintenance Reserve Payment Date.
The Maintenance Reserve Payments remitted by the Issuer, the Servicer on its behalf or by the Lessees, as provided in the related Supplement for a Series, to the Engine Reserve Account from the Trust Account, together with any Eligible Investments in which such monies are or will be invested or reinvested, shall be held in the Engine Reserve Account subaccount for each such Series.
Maintenance Reserve Payments in respect of an Engine will be applied to increase the Balance of the Engine Sub-Account for such Engine, and any reimbursements to the Lessee of an Engine will be applied to reduce the Balance of the Engine Sub-Account for such Engine.
The Maintenance Reserve Payments remitted by the Issuer, the Servicer on its behalf or by the Lessee, as provided in the related Supplement for a Series, to the Engine Reserve Account from the Trust Account, together with any Eligible Investments in which such moneys are or will be invested or reinvested, shall be held in the Engine Reserve Account subaccount for each such Series.
WEST shall cause the Administrative Agent to maintain a Lease Sub-Account allocating the Balance in the Security Deposit/Lessee-Funded Account to each such Lease in respect of which such Maintenance Reserve Payments were deposited therein and, if applicable, the amount of the Investment Earnings allocable such Segregated Funds in each Lease Sub-Account.
On each Payment Date, prior to the distribution of amounts on deposit in the Collections Account pursuant to Section 3.13 hereof, and from time to time between Payment Dates, the Administrative Agent or, if applicable, the Indenture Trustee shall direct the Operating Bank to transfer from the Collections Account to the Engine Reserve Account the amount of any Maintenance Reserve Payments then on deposit in the Collections Account.

More Definitions of Maintenance Reserve Payments

Maintenance Reserve Payments. With respect to any Lease Agreement, any amounts paid by the Lessee to Lessor pursuant to the terms of such Lease Agreement to cover the maintenance, repair or similar payments and expenses for the related Engine.