Pool Aircraft definition

Pool Aircraft means, as of any date, any aircraft Owned by an Owner Subsidiary that has not been the subject of a sale or other disposition to a Person other than another Owner Subsidiary permitted under Section 2.10 or 5.04

Pool Aircraft means, as of any date, any aircraft Owned by any Borrower and included in the Designated Pool.

Pool Aircraft means, as of any date, the aircraft consisting of the Initial Pool Aircraft and the Additional Pool Aircraft, listed on Schedule I hereto, as amended, restated or supplemented from time to time pursuant to Sections 2.15, 2.18 and/or 8.01.

Examples of Pool Aircraft in a sentence

• In reviewing and accepting the insurance brokers (if any) and reinsurance brokers (if any) and insurers and reinsurers (if any) providing coverage with respect to the Pool Aircraft, the relevant Grantor will utilize standards consistent with Leasing Company Practice with respect to similar aircraft.

• In all cases, the relevant Grantor will set the standards, review and manage the insurances on the Pool Aircraft consistent with Leasing Company Practice with respect to similar aircraft.

• The Grantors will monitor the insurances on the Pool Aircraft and their expiration dates.

• The Collateral Agent shall not have any liability in connection with compliance by any Grantor or any Lessee under a Lease with statutory or regulatory requirements related to the Collateral, any Pool Aircraft or any Lease.

• The Collateral Agent shall not make or be deemed to have made any representations or warranties with respect to the Collateral, any Pool Aircraft or any Lease or the validity or sufficiency of any assignment or other disposition of the Collateral, any Pool Aircraft or any Lease.

More Definitions of Pool Aircraft

Pool Aircraft. Those Volaris Aircraft marked as Pool Aircraft in Article 0 of Annex TCS (Volaris’ Aircraft and Engines) for which Volaris has access to the Component Pool.

Pool Aircraft means, as of any date, any aircraft Owned by any Lessor Subsidiary and as to which each of the conditions set forth in Section 2.10, 4.01 or 4.02, as applicable, have been satisfied or waived in accordance with the terms of this Agreement.

Pool Aircraft has the meaning specified in the third recital of this Agreement.

Pool Aircraft means, collectively, the Airframes and Engines.

Pool Aircraft means the aircraft referred to in Schedule I to this Agreement.

Pool Aircraft shall have the meaning assigned to such term in the Senior Loan Agreement.

Pool Aircraft has the meaning given to it in paragraph (b) of Clause 15.3 (Pooling of Engines).