PBH Agreement definition

PBH Agreement means a maintenance agreement which (i) provides shop repair/overhaul of Engines or Parts on a continuous basis at an agreed upon Flight Hour or cycle based rate, (ii) provides unrestricted assignment rights to Lessor and Lessor’s future operators of any Aircraft on which the Engine is installed, and (iii) has been approved in writing by Lessor (including but not limited to specific Lessor approval of the maintenance provider, rates, payment terms, scope, term, maintenance standard, assignment rights and financial adjustments that are made when an Engine or Part exits such program at termination or expiration of the PBH Agreement relative to such Engine or Part).
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PBH Agreement means a maintenance agreement which (i) provides shop repair/overhaul of Engines or Parts (including APU and Landing Gear) on a continuous basis at an agreed upon Flight Hour or cycle based rate, (ii) provides unrestricted assignment rights to Sublessor and Sublessor’s future operators of the Aircraft, and (iii) has been approved in writing by Sublessor (including but not limited to specific Sublessor approval of the maintenance provider, rates, payment terms, scope, term, maintenance standard, assignment rights and financial adjustments that are made when an Engine or Part exits such program at termination or expiration of the PBH Agreement relative to such Engine or Part).
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PBH Agreement means that certain Maintenance Service Agreement by and between Purchaser and Seller, dated as of July 23, 2010.
Sample 1

Examples of PBH Agreement in a sentence

  • For avoidance of doubt, this Section 6 shall be applicable whether or not the Engines, APU or any other hour or cycle controlled component is maintained under a PBH Agreement, as contemplated by Section 5.

  • If at return of the Engine, the Engine or any Part is being maintained under a PBH Agreement, Lessee shall not be required to satisfy minimum maintenance time remaining requirements specified in Exhibit D that are directly and fully covered by such PBH Agreement.

  • If at return of the Aircraft, an Engine or Part (including Landing Gear and APU) is being maintained under a PBH Agreement, Sublessee shall not be required to satisfy minimum maintenance time remaining requirements specified in Exhibit D that are directly and fully covered by such PBH Agreement.

  • SCHEDULE F POWER BY HOUR MAINTENANCE PROGRAM It is acknowledged that Lessee may wish (either at Delivery or subsequently) to enroll the Airframe, Engines, Landing Gear and/or APU into a "power-by-the-hour" maintenance agreement with a third party maintenance provider (the "PBH Agreement").

  • Failure by Lessee to adhere to the terms of the Qualifying PBH Agreement shall be an Event of Default under the Lease unless Lessee resumes paying Supplemental Rent under the Lease and pays Lessor the amount necessary to bring the level of each Supplemental Rent category to the level it would have been under the Lease from the last relevant qualifying event for each component of Supplemental Rent if the Qualifying PBH Agreement had never been entered into.

  • Purchaser and Seller agree that upon Delivery of the Aircraft, the PBH Agreement shall immediately terminate.

  • Purchaser and Seller acknowledge and agree that $1,750,000 of the Purchase Price is in consideration of the termination of the PBH Agreement and of all obligations provided therein.

  • Upon the execution and/or termination of such Qualifying PBH Agreement, the Lease shall be amended as appropriate.

  • The Borrower agrees to use its best efforts to provide notice to the Administrative Agent of an event of default under and as defined in the PBH Agreement promptly after receiving Actual Knowledge thereof.

  • If such PBH Agreement is a Qualifying PBH Agreement (as defined below), so long as such Qualifying PBH Agreement is in force and effect, Lessee will be relieved of the obligation to make Supplemental Rent payments to Lessor in respect of the equipment subject to the PBH Agreement only, except in the case of Engine LLP Supplemental Rent, which will still be paid to Lessor under the Lease.


More Definitions of PBH Agreement

PBH Agreement means, in the case of Rolls-Royce model AE 3007A/1 Eligible Engines, the AE 3007A/1 Series Engine Fleet Hour Agreement between Rolls-Royce Corporation and Chautauqua, dated October 8, 2012 (a redacted copy of which has been provided to the Administrative Agent by the Borrower) or, in the case of other Eligible Engines, any substantially similar agreement covering such Eligible Engines (or, if not such a substantially similar agreement, that is otherwise reasonably satisfactory to the Administrative Agent).
Sample 1

Related to PBH Agreement

  • SPS Agreement means the Agreement on the Application of Sanitary and Phytosanitary Measures which is a part of the WTO Agreement; Subheading means the first six digits in the tariff classification number under the HS; Territory means:

  • DSU Agreement means a written letter agreement between the Corporation and a Participant evidencing the grant of DSUs and the terms and conditions thereof, substantially in the form of Appendix “B”;

  • Research Agreement means a new written contract, grant or cooperative agreement entered into between a person and a college or research corporation for the performance of qualified research; however, all qualified research costs generating a rebate must be spent by the college or research corporation on qualified research undertaken according to a research agreement.

  • Cross License Agreement means that certain Cross License Agreement between and among Medarex, Cell Genesys, Inc., Abgenix, Inc., Xenotech, L.P. and Japan Tobacco Inc., dated March 26, 1997.

  • Restated Agreement means the Original Facility Agreement, as amended by this Agreement, the terms of which are set out in Schedule 2 (Restated Agreement).

  • License Agreement means the agreement between SAP (or an SAP SE Affiliate, or an authorized reseller) under which Customer procured the rights to use SAP Software or a Cloud Service.

  • Main Agreement means the part of this Agreement that commences on the first page and ends with but includes Schedule A, excluding Section 3(d) (which incorporates this Schedule C into the Agreement).

  • Sub-grant Agreement means an agreement entered into, or proposed to be entered into, between the Bank and a Sub-grant Recipient;

  • Combination Agreement has the meaning in the recitals hereto.

  • Collaboration Agreement has the meaning set forth in the Recitals.

  • Termination Agreement has the meaning set forth in the Recitals.

  • MCIP Agreement means the Agreement for the Development of a Joint County Industrial and Business Park (2010 Park) dated as of December 1, 2010, as amended, between the County and Xxxxxxxx County, South Carolina, as the same may be further amended or supplemented from time to time, or such other agreement as the County may enter with respect to the Project to offer the benefits of the Special Source Revenue Credits to the Company hereunder.

  • Xxxxxx Agreement means that certain Contingent Stock Agreement, effective as of January 1, 1996, by The Xxxxx Company in favor of and for the benefit of the Holders (named in Schedule I thereto) and the Representatives (therein defined), as amended.

  • SCM Agreement means the Agreement on Subsidies and Countervailing Measures in Annex 1A to the WTO Agreement;

  • PILOT Agreement means the Agreement for Payments in Lieu of Ad Valorem Taxes entered into by and among the Board, the Company, the City and the County.

  • Diversion agreement means a mechanism designed to hold a child accountable for his or her behavior and, if appropriate, securing services to serve the best interest of the child and to provide redress for that behavior without court action and without the creation of a formal court record;

  • Licensing Agreement means a commercial agreement between a design approval holder and a production approval holder (or applicant) formalizing the rights and duties of both parties to use the design data for the purpose of manufacturing the product or article.

  • TRIPS Agreement means the Agreement on Trade-Related Aspects of Intellectual Property Rights in Annex 1C to the WTO Agreement;

  • Joint Agreement means a type of Fund Use Agreement between the Consortium and the Fund Council that sets forth an umbrella set of terms and conditions that govern principally the submission and approval of CRP proposals and the transfer and use of funds from the CGIAR Fund for implementation of CRPs.

  • Sublicense Agreement means any agreement or arrangement pursuant to which Licensee (or an Affiliate or Sublicensee) grants to any third party any of the license rights granted to the Licensee under the Agreement.

  • Formation Agreement has the meaning attributed to it in Recital A;

  • Expense Agreement means the Agreement as to Expenses and Liabilities between the Depositor and the Trust, substantially in the form attached as Exhibit D, as amended from time to time.

  • TBT Agreement means the Agreement on Technical Barriers to Trade, which is part of the WTO Agreement;

  • Transition Agreement has the meaning set forth in Section 12.8.1.

  • Transaction Agreement has the meaning set forth in the recitals.

  • Master Separation Agreement has the meaning set forth in the recitals.