Replacement Aircraft definition

Replacement Aircraft means the Aircraft of which a Replacement Airframe is part.

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Replacement Aircraft means any aircraft substituted for the Aircraft pursuant to Section 10.01.

Replacement Aircraft as used herein means an aircraft of similar or smaller size and weight used as a temporary replacement for an Aircraft covered by this policy. Replacement Aircraft shall be suited to uses similar to those of the damaged Aircraft.

Examples of Replacement Aircraft in a sentence

• Lessee shall reimburse the Lessor and the Owner Participant for all reasonable out-of-pocket costs (including reasonable attorneys' fees) incurred by them in connection with any substitution of a Replacement Aircraft pursuant to this Section 8.

• The Client’s rights under this Subsection IV(L) shall expire in the event that the Client does not enter into a new agreement for a Replacement Aircraft within twelve (12) months from the date of the termination of this Agreement pursuant to either Subsection IV(E) or (G), as applicable.

• The notice shall provide details of the age from delivery by the Manufacturer and number of block hours since the last Heavy Maintenance Check of the proposed Replacement Aircraft.

• If Contractor shall not obtain such financing on terms reasonably satisfactory to it prior to the expiration of such right, then Continental shall not be entitled to use such Embraer aircraft as a Replacement Aircraft for an Uncovered Aircraft.

• In the event of an Event of Loss, during the period between the occurrence of the Event of Loss and the date of payment pursuant to Section 10.1.3 or replacement, the obligation of Lessee to pay Basic Rent or Renewal Rent shall continue unchanged, except that upon such replacement, it shall become an obligation to pay such Rent in respect of the Replacement Aircraft.

More Definitions of Replacement Aircraft

Replacement Aircraft shall have the meaning ascribed to such term in Article 10 hereof. “Replacement Flight” shall have the meaning ascribed to such term in Article 10 hereof. Where the context permits, the use of the singular herein shall include the plural and vice versa, and the use of the masculine personal pronoun shall include both genders. Unless otherwise provided, the term “or” is not exclusive and “include”, “including” and “in particular” are not limiting.

Replacement Aircraft has the meaning set forth in Section 2.18(b).

Replacement Aircraft that certain aircraft to be acquired with the proceeds of the Replacement Aircraft Indebtedness.

Replacement Aircraft shall have the meaning set forth in Article 12.1.

Replacement Aircraft means any Unencumbered Stage 3 Aircraft of which a Replacement Airframe is part.

Replacement Aircraft shall have the meaning ascribed to it in the Aircraft Mortgage.

Replacement Aircraft means any Aircraft approved by the Security Trustee as a Replacement Aircraft and substituted for an Aircraft pursuant to clause 10.7;