Substitute Aircraft definition

Substitute Aircraft. Has the meaning specified in the NPA.
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Substitute Aircraft. Has the meaning specified in the Note Purchase Agreement.
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Substitute Aircraft has the meaning set forth in Section 1(g) of the Note Purchase Agreement.
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Examples of Substitute Aircraft in a sentence

  • Upon the satisfaction of the conditions set forth above with respect to a Substitute Aircraft, the New Aircraft to be replaced shall cease to be subject to this Agreement and all rights and obligations of the parties hereto concerning such New Aircraft shall cease, and such Substitute Aircraft shall become and thereafter be subject to the terms and conditions of this Agreement to the same extent as such New Aircraft.

  • Upon the satisfaction of the conditions set forth above with respect to a Substitute Aircraft, the Eligible Aircraft to be replaced shall cease to be subject to this Agreement and all rights and obligations of the parties hereto concerning such Eligible Aircraft shall cease, and such Substitute Aircraft shall become and thereafter be subject to the terms and conditions of this Agreement to the same extent as such Eligible Aircraft.

  • Customer’s substitution right is conditioned upon Boeing’s having production capability for the Substitute Aircraft in the scheduled delivery month of the Aircraft for which it will be substituted.

  • Consolidated Balance Sheets as of September 30, 2018 (Unaudited) and December 31, 2017 3Consolidated Statements of Operations and Comprehensive Loss for the Three and Nine Months Ended September 30, 2018 and 2017Consolidated Statement of Changes in Equity for the Nine Months Ended September 30, 2018 (Unaudited) 5(Unaudited) 4Consolidated Statements of Cash Flows for the Nine Months Ended September 30, 2018 and 2017 (Unaudited) 6Notes to Consolidated Financial Statements (Unaudited) 8 Item 2.

  • The Buyer and the Seller acknowledge that, pursuant to and in accordance with the terms set out in the Buyback Support Agreement, an Aircraft may be replaced with a Substitute Aircraft (as defined in the Buyback Support Agreement) and, if any such substitution were to occur, the abovementioned Conditions Precedent shall be deemed to apply to the Substitute Aircraft in place of the Aircraft.


More Definitions of Substitute Aircraft

Substitute Aircraft. Means, with respect to any Trust, any Aircraft of a type specified in this Agreement and, at the election of the Company, substituted prior to the applicable Cut-off Date, if any, pursuant to the terms of this Agreement.
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Substitute Aircraft has the meaning set forth in the Note Purchase Agreement.
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Substitute Aircraft means an airframe of a different model of the same or different manufacturer as the Airframe, together with two engines suitable for installation and use on such airframe.
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Substitute Aircraft. With respect to any Trust, means any Aircraft of a type specified in this Agreement and, at the election of the Company, substituted prior to the applicable Cut-off Date, if any, pursuant to the terms of this Agreement.
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Substitute Aircraft means any aircraft which Customer has designated, pursuant to Section 5.1 hereof, to be delivered in lieu of a Firm Aircraft.
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Substitute Aircraft has the meaning given to such term in the Purchase Agreement or the Guarantor Purchase Agreement, as applicable, and that has been approved by the Facility Agent.
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Substitute Aircraft is defined in Section 2.11.1
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