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 office in a country listed in Section 7(b) of the Participation Agreement as in effect from time to time and as may be modified in accordance with such Section 7(b).

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.

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.

Permitted Foreign Air Carrier means any air carrier with its principal executive offices in any Permitted Country and which is authorized

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 ______________________

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.

Permitted Foreign Air Carrier means, in respect of any Aircraft, any air carrier with its principal executive offices in any Permitted Country and which is authorized to conduct commercial aviation operations and to operate jet aircraft similar to such Aircraft under the applicable Laws of such Permitted Country.