Restricted Use Period definition
Examples of Restricted Use Period in a sentence
At any time after the Restricted Use Period, Lessor, upon compliance with all of the terms of Section 11 of the Refunding Agreement, shall, at the request and sole expense of Lessee, cooperate with Lessee to take all actions reasonably required to change the registration of the Aircraft to another country.
Unless the Owner Participant otherwise agrees, during the Restricted Use Period, Lessee shall not use the Engine or permit the Engine to be used either "predominantly outside the United States" within the meaning of Section 48(a)(2) of the Code, or in such manner that the percentage of the income, deduction or credit attributable to the Engine for federal income tax purposes during any taxable year of the Lessor considered to be from foreign sources exceeds the Maximum Foreign Use Percentage.
Unless Owner Participant otherwise agrees, during the Restricted Use Period, Lessee shall not use the Aircraft, Airframe or Engines or permit the Aircraft, Airframe or Engines to be used either "predominantly outside the United States" within the meaning of Section 48(a)(2) of the Code.
At any time after the Restricted Use Period, Lessor, upon compliance with all of the terms of Section 11 of the Refunding Agreement, shall, at the request and sole expense of Lessee, cooperate with Lessee to take all actions reasonably required to change the registration of the Engine to another country.
This Agreement is effective until the first to occur: 1) the end of the Restricted Use Period; 2) Licensee purchase of the general release version of Product or SaaS; or, 3) the date of Bellwether’s termination notice.
At any time after the Restricted Use Period, Lessee agrees at its expense to place such appropriate insignia, plates and other identification ("Lease Identification") in the cockpit of the Aircraft and on each Engine showing title thereto and the Lien of the Indenture as designated by Lessor and as Lessor may from time to time reasonably request.
This Agreement is effective until the first to occur: 1) the end of the Restricted Use Period; 2) Licensee purchase of the general release version of Product or SaaS; or, 3) the date of ESG Enterprise’s termination notice.
Lessee shall cause the interests of Lessor and Indenture Trustee with respect to the Engine at all times, at its expense, to be duly registered during the Restricted Use Period and, subject to Section 11 of the Refunding Agreement, thereafter recorded under the Federal Aviation Act in the name of Lessor or any successor or assignee, so long as the applicable parties to the Refunding Agreement cooperate with Lessee with respect thereto as reasonably requested by Lessee.
Unless Owner Participant otherwise agrees, during the Restricted Use Period, Lessee shall not use the Aircraft, Airframe or Engines or permit the Aircraft, Airframe or Engines to be used "predominantly outside the United States" within the meaning of Section 48(a)(2) of the Code.