New Engine Option definition

New Engine Option has the meaning set forth in Clause 2.1 hereof.
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New Engine Option has the meaning set forth in Clause 2.3 hereof. Inexcusable Delay has the meaning set out in Clause 11.1. Operator- any operator of an Aircraft following Delivery hereunder. Xxxxx and Xxxxxxx (or PW) – Xxxxx and Whitney, the manufacturer of the Xxxxx & Xxxxxxx PW1100G series Propulsion Systems Predelivery Payment - any payment made against the Final Contract Price of an Aircraft according to the schedule set forth in sub-Clause 6.2.2 of this Agreement. Predelivery Payment Reference Price - as defined in sub-Clause 6.2.3 of this Agreement. Propulsion Systems – for the A319 NEO Aircraft, the A320 NEO Aircraft and the A321 NEO Aircraft, any of (i) the set of two (2) CFMI LEAP-X series engines, including associated standard equipment, installed on such Aircraft on delivery or (ii) the set of two (2) PW1100G series engines including associated standard equipment, installed on such Aircraft on Delivery, in each case as set out in sub-Clause 2.4 hereof and selected as per sub-Clause 4.1.4 hereof.
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New Engine Option has the meaning set forth in Clause 2.3 hereof. Inexcusable Delay has the meaning set out in Clause 11.1. Operator- any operator of an Aircraft following Delivery hereunder. Xxxxx and Xxxxxxx (or PW) – Xxxxx and Whitney, the manufacturer of the Xxxxx & Xxxxxxx PW1100G series Propulsion Systems Predelivery Payment - any payment made against the Final Contract Price of an Aircraft according to the schedule set forth in sub-Clause 6.2.2 of this Agreement.
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Examples of New Engine Option in a sentence

  • New Engine Option or NEO – as defined in Clause 2.1.1 Options Catalogue – as defined in Clause 2.4.1. Other Indebtedness – as defined in Clause 21.5(d).

  • Encumbrances (e.g., purchase orders, contracts) outstanding at year end are reported as reservations of fund balances and do not constitute expenditures or liabilities because the commitments will be re-appropriated and honored during the subsequent year.

  • The Base Price of the Airframe as defined in the Standard Specification, the Base Price of the SCN for selection of the New Engine Option, the Base Price of the SCN for installation of Sharklets, the Base Price of any and all SCNs relating to the Airframe, and the Base Price of the Master Charge Engine are subject to revision up to and including the Delivery Date in accordance with the Seller Price Revision Formula.

  • A319 NEO Aircraft - any or all of the A320 NEO Aircraft converted to firmly ordered A319-100 model aircraft with the New Engine Option, including the A319 NEO Airframe and all components, equipment, parts and accessories installed in or on such aircraft and the applicable A319 NEO Propulsion Systems installed thereon upon Delivery.

  • The Seller is currently developing a new engine option (the "New Engine Option" or "NEO"), applicable to the A319/A321 aircraft.

  • The A320 family aircraft fitted with new engines were named as NEO (New Engine Option) and the rest were named as CEO (Current Engine Option).

  • The Seller is currently developing a new engine option (the "New Engine Option" or "NEO"), applicable to the A319/A320/A321 aircraft.

  • While Airbus orders decreased 41% from its very successful 2011 (due to the launch of the new, more fuel efficient Airbus A320 New Engine Option or A320 NEO), Boeing registered significant orders in 2012 (a 33% increase from the previous year) due to the launch of the new, more fuel efficient Boeing 737 MAX.

  • The specification of respectively the A319 NEO Aircraft, the A320 NEO Aircraft and the A321 NEO Aircraft shall be derived from the current A319-100 / A320-200 / A321-200 aircraft´s respective Standard Specification(s) and based on the new Propulsion Systems, as set forth in Clause 2.4 below, and Sharklets, combined with the required airframe structural adaptations, as well as Aircraft systems and software adaptations required to operate such New Engine Option Aircraft.

  • This includes models of the Boeing 787-800 and 747-8, the Airbus A350XWB-900 and the Airbus A320 NEO (New Engine Option) family.


More Definitions of New Engine Option

New Engine Option has the meaning set forth in Clause 2.1.2 of Amendment No. 11. A320/A330 PA – LATAM – Amdt. 23 – CT1242567- 04/2016 Page 5 of 21 “[***]” This information is subject to confidential treatment and has been omitted and filed separately with the commission.
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Related to New Engine Option

  • Shoe Option means the Initial Purchasers’ option to purchase up to seventy five million dollars ($75,000,000) aggregate principal amount of additional Notes as provided for in the Purchase Agreement.

  • Substitute Option means an Option granted in substitution for, or upon the conversion of, an option granted by another entity to purchase equity securities in the granting entity.

  • 3(i) Option means an Option granted pursuant to Section 3(i) of the Ordinance to any person who is Non- Employee.

  • Replacement Option has the meaning ascribed thereto in Section 2.2(c).

  • Incentive Share Option means an Option that is intended to meet the requirements of Section 422 of the Code or any successor provision thereto.

  • Option means a stock option granted pursuant to the Plan.

  • Approved 102 Option means an Option granted pursuant to Section 102(b) of the Ordinance and held in trust by a Trustee for the benefit of the Optionee.

  • Value engineering change proposal (VECP means a proposal that--

  • Extended Summer Resource Price Adder means, for Delivery Years through May 31, 2018, an addition to the marginal value of Unforced Capacity as necessary to reflect the price of Annual Resources and Extended Summer Demand Resources required to meet the applicable Minimum Extended Summer Resource Requirement.

  • Base Capacity Resource Price Decrement means, for the 2018/2019 and 2019/2020 Delivery Years, a difference between the clearing price for Base Capacity Resources and the clearing price for Capacity Performance Resources, representing the cost to procure additional Capacity Performance Resources out of merit order when the Base Capacity Resource Constraint is binding.

  • NEO or “named executive officer” means each of the following individuals:

  • Design-Build Agreement means the design and construction agreement between Project Co and the Design-Builder, a certified copy of which has been delivered by Project Co to the Authority, as amended, supplemented or replaced from time to time in accordance with this Agreement;

  • Renewal Option has the meaning set forth in §12.1.

  • Share Option means a Nonqualified Share Option or an Incentive Share Option.

  • Modular building manufacturer means a person or corporation who owns or operates a

  • Fixed wing turbine powered aircraft means an aircraft that:

  • Director Option means an Option granted pursuant to Section 6.

  • Replacement Engine means a [Engine Manufacturer and Model] engine (or an engine of the same or another manufacturer of a comparable or an improved model and suitable for installation and use on the Airframe with the other Engine (or any other Replacement Engine being substituted simultaneously therewith)) that shall have been made subject to the Lien of the Indenture pursuant to Section 7.04 or Section 7.05 thereof, together with all Parts relating to such engine, but excluding items installed or incorporated in or attached to any such engine from time to time that are excluded from the definition of Parts.

  • Option Closing Date shall have the meaning ascribed to such term in Section 2.2(c).

  • Substitute Aircraft Has the meaning specified in the NPA.

  • Stock Index Option means an exchange traded option entitling the holder, upon timely exercise, to receive an amount of cash determined by reference to the difference between the exercise price and the value of the index on the date of exercise.

  • Tandem Appreciation Right means an Appreciation Right granted pursuant to Section 5 of this Plan that is granted in tandem with an Option Right.

  • Value Engineering (VE) means a discipline of engineering that studies the relative monetary values of various materials and construction techniques, including the intial cost, maintenance cost, energy usage, replacement cost, and life expectancy of the materials, equipment or systems under consideration.

  • Replacement Options has the meaning ascribed thereto in Section 1.1 of the Plan of Arrangement;

  • Top-Up Option has the meaning set forth in Section 1.04(a).

  • Option Right means the right to purchase Common Shares upon exercise of an option granted pursuant to Section 4 of this Plan.