Primary Gate Interests definition

Primary Gate Interests means the Gate Interests used by the Borrower to conduct scheduled nonstop operations from the points listed on Schedule 1.01(e) servicing the Primary Routes, to the extent such space is used for the operation of such flights.
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Primary Gate Interests means, at any time, the Gate Interests used by any Pledgor in an airport terminal at which such Pledgor conducts scheduled operations for direct non-stop flights using any Primary Routes (or flights originating at airports that are central connection points through which any Pledgor coordinates flights utilizing the Primary Routes or that is an origination or destination point for flights utilizing the Primary Routes), in each case at such time and to the extent such Primary Gate Interest is utilized in connection with any Primary Routes at such time; provided however, that (x) to the extent that any Pledgor ceases to use any Gate Interest in connection with the Primary Routes, such Gate Interest shall automatically cease to be a Primary Gate Interest hereunder and (y) Primary Gate Interests shall exclude (i) any Gate Interest as to which (A) the security interest granted pursuant to this Agreement has been released in accordance with Section 15 and (B) no new security interest has been granted therein pursuant to this Agreement following such release and (ii) any Gate Interest that is excluded from the Collateral pursuant to the proviso to Section 1.
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Primary Gate Interests means the Gate Interests used by the Borrower to conduct scheduled nonstop operations from the points listed on Schedule 4(g) servicing the Primary Routes, to the extent such space is used for the operation of such flights.
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Examples of Primary Gate Interests in a sentence

  • Maintain Gate Interests sufficient to ensure its ability to retain its right in and to the Primary Routes and to preserve its right in and to the Primary Foreign Slots other than failure to maintain such Primary Gate Interests and Primary Routes which would not reasonably be expected to result in a Material Adverse Effect.

  • Maintain Primary Gate Interests sufficient to ensure its ability to retain its right in and to the Primary Routes and to preserve its right in and to the Primary Foreign Slots.


More Definitions of Primary Gate Interests

Primary Gate Interests shall have the meaning given to such term in the SGR Security Agreement.
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Primary Gate Interests means the Gate Interests used by the Borrower to conduct scheduled nonstop operations from the points listed on Schedule 4(g) servicing the Primary Routes, to the extent such space is used for the operation of such flights. “Proceeds” shall have the meaning assigned that term under the Uniform Commercial Code in effect in the State of New York or under other relevant law and, in any event, shall include, but not be limited to, any and all (a) proceeds of any insurance, indemnity, warranty or guarantee payable to the Collateral Agent, the Administrative Agent or to any Grantor or any Affiliate of any Grantor from time to time with respect to any of the Collateral, (b) payments (in any form whatsoever), made or due and payable to any Grantor from time to time in connection with any requisition, confiscation, condemnation, seizure or forfeiture of all or any part of the Collateral by any Governmental Authority (or any Person acting under color of Governmental Authority), (c) instruments representing obligations to pay amounts in respect of the Collateral, (d) products of the Collateral, (e) any and all rights of any Grantor to receive moneys due and to become due from any Person under or pursuant to any contract or other agreement with respect to the Collateral, including, all rents, revenues, royalties, license fees, for the use, or otherwise in respect, of the Collateral, (f) all causes of action, claims and warranties now or hereafter held by
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Related to Primary Gate Interests

  • Legitimate Interest means the interest of our business in conducting and managing our business to enable us to give you the best service/product and the best and most secure experience. We make sure we consider and balance any potential impact on you (both positive and negative) and your rights before we process your personal data for our legitimate interests. We do not use your personal data for activities where our interests are overridden by the impact on you (unless we have your consent or are otherwise required or permitted to by law). You can obtain further information about how we assess our legitimate interests against any potential impact on you in respect of specific activities by contacting us.

  • Class A Interests means the Units purchased by the Class A Members. The Class A Interests shall comprise sixty-five percent (65%) of the total Interests sold. Class A Percentage Interest shall be determined by calculating the ratio between each Class A Member’s Capital Account in relation to the total capitalization of the Company provided by the Class A Members.

  • Income interest means the right of an income beneficiary to receive all or part of net income, whether the terms of the trust require it to be distributed or authorize it to be distributed in the trustee's discretion.

  • Note Interest Shortfall means, for a Class and a Payment Date, an amount equal to the excess, if any, of the Accrued Note Interest for the prior Payment Date for the Class over the amount of interest that was paid to the Noteholders of that Class on the prior Payment Date, together with interest on the excess amount, to the extent lawful, at the Note Interest Rate for the Class for that Interest Period.