Managed Aircraft definition
Managed Aircraft means aircraft that are managed, maintained and/or operated by the Air Carriers or their Affiliates pursuant to Management Contracts during the Term.
Managed Aircraft means aircraft
Managed Aircraft means aircraft fully or partially-owned by third parties that are managed by Falko;
Examples of Managed Aircraft in a sentence
In addition, the Company shall give prompt written notice to Parent of any (x) total loss, destruction or material damage to any Company Aircraft or Managed Aircraft that would reasonably be expected to be material to the Company and the Company Subsidiaries, taken as a whole, or (y) material breach or event of default by the Company or Company Subsidiaries under any Material Contract that would reasonably be expected to be material to the Company and the Company Subsidiaries, taken as a whole.
More Definitions of Managed Aircraft
Managed Aircraft means an aircraft for which the Carrier provides a management oversight towards at the behest of the owner or their authorised agents and, for the purpose of the Civil Aviation Act No 13 of 2009, is not considered a leased aircraft;
Managed Aircraft means each Aircraft set forth in Section 3.23(b) of the Company Disclosure Letter that is managed or serviced by the Company or any Company Subsidiary in its capacity as a servicer and whose full beneficial interest is not held by the Company or any Company Subsidiary.
Managed Aircraft means and refer to aircraft at the leased premises which are permanently hangared in the RD Air Services facility; for which RD Air Services LLC has an executed and effective Aircraft Management Agreement authorizing Full Operational Control. Managed Aircraft shall be included on the Company’s FAR Part 135 Air Carrier Certificate for the purpose of on-demand air charter, and be actively utilized in RD Air Services’ on-demand charter operations. The Authority reserves to right to request periodic reporting of Managed Aircraft usage. Permits - Any work permits required by the City of Gainesville and/or Alachua County for improvements or alterations to the Leased Premises. Personal Property - the furnishings supplied by Company including furniture, equipment and supplies, not affixed to the Leased Premises.