Permitted Foreign Air Carrier definition

Permitted Foreign Air Carrier means any air carrier with its principal executive offices in any Permitted Country and which is authorized to conduct commercial airline operations and to operate jet aircraft similar to the Aircraft under the applicable Laws of such Permitted Country.
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Permitted Foreign Air Carrier means a "foreign air carrier" (as defined in the Act) named in Exhibit D hereto (as the same may be modified from time to time in accordance with Section 23) and any successor of any such carrier.
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Permitted Foreign Air Carrier means any air carrier with its principal executive office in a country listed in Exhibit C to the Indenture as in effect from time to time and as may be modified in accordance with Section 7(b) of the Participation Agreement.
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Examples of Permitted Foreign Air Carrier in a sentence

  • So long as the proposed sublessee is not subject to a proceeding or final order under applicable bankruptcy, insolvency or reorganization laws on the date the sublease is entered into, enter into a sublease of the Aircraft, or the Airframe and Engines or engines then installed on the Airframe, or any Engine, for use on the sublessee's regularly scheduled or charter routes, with any U.S. Air Carrier or Permitted Foreign Air Carrier, in any such case for a term not to continue beyond the remaining Term.

  • Enter into a sublease of the Aircraft or the Airframe and Engines or engines then installed on the Airframe or any Engine, for use on the sublessee's regularly scheduled or charter routes, with (a) any SALE AND LEASE AGREEMENT 20 U.S. Air Carrier or (b) any Permitted Foreign Air Carrier, in any such case for a term not to continue beyond the remaining Term.

  • Any such change in registration shall be effected only in compliance with, and subject to all of the conditions set forth in, Section 7.6.11 of the Participation Agreement; PROVIDED, HOWEVER, that any such reregistration to a Permitted Foreign Air Carrier shall not be permitted to occur prior to the end of the Tax Attribute Period unless Lessee prepays to the Owner Participant on a lump-sum basis any indemnity required under the Tax Indemnity Agreement as a result of such reregistration.


More Definitions of Permitted Foreign Air Carrier

Permitted Foreign Air Carrier means any air carrier with its principal executive offices in any Permitted Country and which is authorized to conduct commercial airline opera- tions and to operate jet aircraft similar to the Aircraft under the applicable Laws of such Permitted Country.
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Permitted Foreign Air Carrier any air carrier that (1) has its principal executive offices in a Permitted Country, and (2) is authorized to conduct commercial airline operations and to operate jet aircraft similar to the Aircraft under the applicable Laws of such Permitted Country. PERMITTED INSTITUTION: any bank, trust company, insurance company, financial institution, or corporation or limited liability company (other than, without Lessee's consent, a commercial air carrier, a commercial aircraft operator, a freight forwarder, an airframe manufacturer (other than Airframe Manufacturer) or aircraft engine manufacturer (other than Engine Manufacturer), or an Affiliate of any of the foregoing), in each case with a combined capital and surplus or net worth of at least $50,000,000.
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Permitted Foreign Air Carrier means any air carrier with its principal executive offices in any Permitted Country and which is authorized
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Permitted Foreign Air Carrier any air carrier that (1) is domiciled and has its principal executive offices in, and a substantial part of its commercial operations in, a Permitted Country, (2) possesses all licenses, approvals, and other authorizations necessary to conduct commercial airline operations and to operate the Aircraft under the applicable Laws of such Permitted Country and each other country or territory having any jurisdiction over or with respect to its business or operations and in which the Aircraft will be operated, and (3) at the time that the sublease or other pertinent Transfer is entered into, has not declared or effected, or announced its intention to declare or effect, any suspension or moratorium of payments or the performance of other material obligations, or otherwise materially delayed or failed to make or perform any payment or other material obligation, in the conduct of its business, and is not subject (as debtor) to any bankruptcy, insolvency, liquidation, reorganization, dissolution, or similar proceeding, and does not have substantially all of its property in the possession of any liquidator, trustee, receiver, or similar Person.
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Permitted Foreign Air Carrier means (i) Oman Air; (ii) any air carrier holding an air carrier operating certificate issued under the applicable Laws of any member state of the European Union; and (iii) any air carrier approved in writing by the Facility Agent, acting at the direction of the Majority Lenders.
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Permitted Foreign Air Carrier means (i) Oman Air; (ii) any air carrier holding an air carrier operating certificate issued under the applicable Laws of any member state of the European Union; and (iii) any air carrier approved in writing by the Facility Agent, acting at the direction of the Majority Lenders.
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Related to Permitted Foreign Air Carrier

  • Foreign Air Carrier means any air carrier which is not a U.S. Air Carrier and which performs maintenance, preventative maintenance and inspections for the Aircraft, Airframe and/or any Engine or engine to standards which are approved by, or which are substantially equivalent to those required by, the Federal Aviation Administration, the Civil Aviation Authority of the United Kingdom, the Direction Generale de l'Aviation Civile of the French Republic, the Luftfahrt Bundesamt of the Federal Republic of Germany, the Rijflauchtraatdienst of the Kingdom of the Netherlands, the Ministry of Transportation of Japan or the Federal Ministry of Transport of Canada (and any agency or instrumentality of the applicable government succeeding to the functions of any of the foregoing entities).

  • U.S. Air Carrier means any United States air carrier that is a Citizen of the United States holding an air carrier operating certificate issued pursuant to chapter 447 of title 49 of the United States Code for aircraft capable of carrying 10 or more individuals or 6000 pounds or more of cargo, and as to which there is in force an air carrier operating certificate issued pursuant to Part 121 of the FAA Regulations, or which may operate as an air carrier by certification or otherwise under any successor or substitute provisions therefor or in the absence thereof.

  • U.S.-flag air carrier means an air carrier holding a certificate under 49 U.S.C. Chapter 411.

  • air carrier means any air conveyance operating under a valid license for the transportation of passengers for hire.

  • Excluded Foreign Subsidiary any Foreign Subsidiary in respect of which either (a) the pledge of all of the Capital Stock of such Subsidiary as Collateral or (b) the guaranteeing by such Subsidiary of the Obligations, would, in the good faith judgment of the Borrower, result in adverse tax consequences to the Borrower.

  • Excluded Foreign Subsidiaries any Foreign Subsidiary in respect of which either (i) the pledge of all of the Capital Stock of such Subsidiary as Collateral or (ii) the guaranteeing by such Subsidiary of the Obligations, would, in the good faith judgment of the Borrower, result in adverse tax consequences to the Borrower.

  • Restricted Foreign Subsidiary means a Foreign Subsidiary that is a Restricted Subsidiary.

  • Designated Foreign Subsidiaries means all members of the Company Group that are organized under the laws of any jurisdiction or country other than the United States of America that may be designated by the Board or the Committee from time to time.

  • Approved Foreign Bank has the meaning specified in the definition of “Cash Equivalents.”

  • Domestic Animal means any animal which is tamed or which has been or is being sufficiently tamed to serve some purpose for the use of man or which, although it neither has been nor is intended to be so tamed, is or has become in fact wholly or partly tamed-,

  • Certificated Air Carrier means a Citizen of the United States holding an air carrier operating certificate issued by the Secretary of Transportation pursuant to Chapter 447 of Title 49 of the United States Code for aircraft capable of carrying ten or more individuals or 6,000 pounds or more of cargo or that otherwise is certified or registered to the extent required to fall within the purview of Section 1110.

  • Community air carrier means an air carrier with a valid operating licence granted by a Member State in accordance with Council Regulation (EEC) No 2407/92 of 23 July 1992 of licensing of air carriers(7) ;

  • Affected Foreign Subsidiary means any Foreign Subsidiary to the extent such Foreign Subsidiary acting as a Subsidiary Guarantor would cause a Deemed Dividend Problem.

  • Wholly-Owned Foreign Subsidiary means, as to any Person, any Wholly-Owned Subsidiary of such Person which is a Foreign Subsidiary.

  • Domestic sewage means waste and wastewater from humans, or household operations that is discharged to or otherwise enters a treatment works.

  • Covered foreign country means The People’s Republic of China. “Covered telecommunications equipment or services” means–

  • Qualified Foreign Entity means a corporation, trust, association or partnership organized outside the

  • foreign fishing vessel means any fishing vessel other than a local fishing vessel;

  • Controlled Foreign Corporation means “controlled foreign corporation” as defined in the Tax Code.

  • foreign vessel means any vessel other than a coastal vessel.

  • designated foreign jurisdiction means Australia, France, Germany, Hong Kong, Italy, Japan, Mexico, the Netherlands, New Zealand, Singapore, South Africa, Spain, Sweden, Switzerland or the United Kingdom of Great Britain and Northern Ireland;

  • Foreign Asset Sale shall have the meaning provided in Section 5.2(i).

  • Domestic use means that portion of metered water service, electricity, electrical current, natural, artificial or propane gas, wood, coal or home heating oil, and in any city not within a county, metered or unmetered water service, which an individual occupant of a residential premises uses for nonbusiness, noncommercial or nonindustrial purposes. Utility service through a single or master meter for residential apartments or condominiums, including service for common areas and facilities and vacant units, shall be deemed to be for domestic use. Each seller shall establish and maintain a system whereby individual purchases are determined as exempt or nonexempt;

  • Foreign Assets means any of the Portfolios’ investments (including foreign currencies) for which the primary market is outside the United States and such cash and cash equivalents as are reasonably necessary to effect the Portfolios’ transactions in such investments.

  • Foreign flag vessel means any vessel that is not a U.S.-flag vessel.