Substitute Engine definition

Substitute Engine means any Aircraft Engine that is to be transferred to a Facility Engine Trust or a WEST Engine Trust in place of any Remaining Initial Engine, as provided in the Engine Transfer Agreements.
Sample 1Sample 2
Substitute Engine means any Engine that is to be transferred to a member of WEST Group in place of any Remaining Engine, to the extent authorized by the applicable Acquisition Agreement.
Sample 1
Substitute Engine means any engine substituted for an Engine pursuant to Section 4.04(e) of the Trust Indenture, which, upon such substitution, shall be deemed to be an “Engine” and the replaced Engine shall cease to be an “Engine” for all purposes of the Operative Agreements.
Sample 1

Examples of Substitute Engine in a sentence

  • Whereas it is clear that the diagnostic identifies the availability of eventive or VP complementation, it is unclear how this diagnostic captures a semantically unified class of predicates.

  • Such replacement will be subject to (i) both the replaced Engine and the Lessee Substitute Engine having the [REDACTED], and (ii) the relevant Lessor’s prior written consent, provided that when the relevant Lessee can demonstrate that the Lessee Substitute Engine is in accordance with the requirements in this paragraph, such consent shall be granted by Lessor.

  • Notwithstanding the terms of each respective Lease, with regard to any Lessee Substitute Engine, the Maintenance Redelivery Payment related to any Non-Pooled Substitute Engine shall not be taken into account in the netting mechanism as described in the relevant Lease and instead shall be calculated on an individual basis by comparing the maintenance condition of such Non-Pooled Substitute Engine as of the relevant Lease Expiration Date to the MIMO Basis of the replaced engine.

  • He held that, even if the circumstances were that the lessee, NAS, provided a replacement engine, that would not fall to be treated as a Substitute Engine, and so the provision of such an engine would not excuse NAS from the performance restoration exercise.

  • Other than in connection with any Lessor Replacement Engine or any Lessee Substitute Engine, if applicable, each Aircraft Pool will remain static as defined on Appendix 1 throughout the term of each respective Lease without regard to any changes in ownership or financing of any Aircraft within such Aircraft Pool after the date hereof.

  • I rather think that this point was decided against NAS by HHJ Pelling QC who decided (see paragraph 29 of his judgment) that the second part of section 7 was triggered only if a Substitute Engine was not provided by Genesis.


More Definitions of Substitute Engine

Substitute Engine has the meaning given to it in Section 5.5.
Sample 1

Related to Substitute Engine

  • Substitute Aircraft Has the meaning specified in the NPA.

  • Substitute natural gas or "SNG" means a gas manufactured

  • Substitute Check means a paper reproduction of an Item that satisfies the requirements and definition of "substitute check" set forth in Regulation CC.

  • Replacement Airframe means an Airbus A321 aircraft or a comparable or improved model of Manufacturer (except (a) Engines or engines from time to time installed thereon and any and all Parts related to such Engine or engines and (b) Excluded Equipment), that shall have been made subject to the Lien of the Indenture pursuant to Section 7.05 thereof, together with all Parts relating to such aircraft.

  • Substitute care means the out-of-home placement of a child or young adult who is in the legal or physical custody and care of the Department.

  • Substitute teacher means a person employed to perform the normal duties of a teacher who is absent.

  • Replacement Engine means a [Engine Manufacturer and Model] engine (or an engine of the same or another manufacturer of a comparable or an improved model and suitable for installation and use on the Airframe with the other Engine (or any other Replacement Engine being substituted simultaneously therewith)) that shall have been made subject to the Lien of the Indenture pursuant to Section 7.04 or Section 7.05 thereof, together with all Parts relating to such engine, but excluding items installed or incorporated in or attached to any such engine from time to time that are excluded from the definition of Parts.

  • Substitute Loan A mortgage loan substituted for a Deleted Loan pursuant to the terms of this Agreement which must, on the date of such substitution, (i) have an outstanding principal balance, after application of all scheduled payments of principal and interest due during or prior to the month of substitution, not in excess of the Scheduled Principal Balance of the Deleted Loan as of the Due Date in the calendar month during which the substitution occurs, (ii) have a Mortgage Interest Rate not less than (and not more than one percentage point in excess of) the Mortgage Interest Rate of the Deleted Loan, (iii) have a remaining term to maturity not greater than (and not more than one year less than) that of the Deleted Loan, (iv) have the same Due Date as the Due Date on the Deleted Loan, (v) have a Loan-to-Value Ratio as of the date of substitution equal to or lower than the Loan-to-Value Ratio of the Deleted Loan as of such date, (vi) have a risk grading at least equal to the risk grading assigned on the Deleted Loan, (vii) is a “qualified mortgage” as defined in the REMIC Provisions and (viii) conform to each representation and warranty set forth in Section 6 of the Mortgage Loan Purchase Agreement applicable to the Deleted Loan. In the event that one or more mortgage loans are substituted for one or more Deleted Loans, the amounts described in clause (i) hereof shall be determined on the basis of aggregate principal balances, the Mortgage Interest Rates described in clause (ii) hereof shall be determined on the basis of weighted average Mortgage Interest Rates, the terms described in clause (iii) hereof shall be determined on the basis of weighted average remaining term to maturity, the Loan-to-Value Ratios described in clause (v) hereof shall be satisfied as to each such Substitute Loan, the risk gradings described in clause (vi) hereof shall be satisfied as to each such Substitute Loan and, except to the extent otherwise provided in this sentence, the representations and warranties described in clauses (vii) and (viii) hereof must be satisfied as to each Substitute Loan or in the aggregate, as the case may be.

  • Substitute Option means an Option granted in substitution for, or upon the conversion of, an option granted by another entity to purchase equity securities in the granting entity.

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

  • Substitute Property shall have the meaning set forth in Section 2.6 hereof.

  • Substitute caregiver means any person other than the licensee, resident manager, floating resident manager, or shift caregiver who provides care and services in an AFH under the jurisdiction of the Department.

  • Substitute employee is a person hired to perform the duties of a position in the temporary absence of the employee who is regularly assigned to that position.

  • Substitute Purchaser is defined in Section 21.

  • Substitute Rate shall have the meaning set forth in Section 2.2.3(b).

  • Eligible Aircraft has the meaning set forth in the second recital to the Note Purchase Agreement.

  • Substitute Mortgage Loan A Mortgage Loan substituted by the Seller for a Deleted Mortgage Loan which must, on the date of such substitution, as confirmed in a Request for Release, substantially in the form of Exhibit L, (i) have a Stated Principal Balance, after deduction of the principal portion of the Scheduled Payment due in the month of substitution, not in excess of, and not more than 10% less than the Stated Principal Balance of the Deleted Mortgage Loan; (ii) have an Adjusted Net Mortgage Rate not lower than the Adjusted Net Mortgage Rate of the Deleted Mortgage Loan, provided that the Master Servicing Fee for the Substitute Mortgage Loan shall be equal to or greater than that of the Deleted Mortgage Loan; (iii) have a maximum mortgage rate not more than 1% per annum higher or lower than the maximum mortgage rate of the Deleted Mortgage Loan; (iv) have a minimum mortgage rate specified in its related Mortgage Note not more than 1% per annum higher or lower than the minimum mortgage rate of the Deleted Mortgage Loan; (v) have the same mortgage index, reset period and periodic rate as the Deleted Mortgage Loan and a gross margin not more than 1% per annum higher or lower than that of the Deleted Mortgage Loan (vi) be accruing interest at a rate no lower than and not more than 1% per annum higher than, that of the Deleted Mortgage Loan; (iv) have a Loan-to-Value Ratio no higher than that of the Deleted Mortgage Loan; (vii) have a remaining term to maturity no greater than (and not more than one year less than that of) the Deleted Mortgage Loan; (viii) not be a Cooperative Loan unless the Deleted Mortgage Loan was a Cooperative Loan and (ix) comply with each representation and warranty set forth in Section 2.3 hereof.

  • Replacement Equipment means operational equipment or other parts used by Tenant to replace any of the Equipment.

  • Substitute Improvements means the substitute or additional improvements of the Issuer described in Article V hereof.

  • Substitution Event means, in respect of a Share, any Nationalization, Insolvency or Delisting in respect of such Share, or any Merger Event or Tender Offer in respect of such Share that is deemed by the Calculation Agent to be a Substitution Event, or an occurrence and continuation for at least eight consecutive applicable Exchange Business Days of a Market Disruption Event in respect of such Share.

  • Fuel burning equipment means any furnace, boiler, apparatus, stack and all associated equipment, used in the process of burning fuel.

  • Substitute Commercial Paper Dealers means such Substitute Commercial Paper Dealer or Dealers as the Corporation may from time to time appoint or, in lieu of any thereof, their respective affiliates or successors.

  • Item of Equipment means each item of the Equipment.

  • Substitute means that a State may use a plan or other document that it has developed for its own purposes to meet Federal requirements.

  • Nonroad Engine means an internal combustion engine (including the fuel system) that is not used in a Motor Vehicle or a vehicle used solely for competition, or that is not subject to standards promulgated under section 7411 or section 7521 of title 42 of the United States Code, except that this term shall apply to internal combustion engines used to power generators, compressors or similar equipment used in any construction program or project.

  • Diesel engine means an internal combustion, compression-ignition (CI) engine with operating characteristics significantly similar to the theoretical diesel combustion cycle. The regulation of power by controlling fuel supply in lieu of a throttle is indicative of a compression ignition engine.