Type Certification means certified compliance to the applicable airworthiness standards of the FAA and EASA, which is a necessary prerequisite to undertaking commercial operations of the Lilium Jet.
Type Certification means type certification by the European Union Aviation Safety Agency of the Aircraft as a small category (up to nine (9) passengers and a MTOW of 3,175 kilograms/7,000 pounds) vertical take-off and landing aircraft powered by an electric propulsion system;
Type Certification means the document that grants the airworthiness approval for the Company’s eVTOL, confirming that the Company’s eVTOL design complies with the airworthiness requirements established by the relevant Airworthiness Authority. For clarity, “Type Certification” includes, but is not limited to, the approval of the type design, the issuance of a production certificate and the issuance of an airworthiness certificate, by the Airworthiness Authority.
Examples of Type Certification in a sentence
The Warrant may be exercised only during the period (the “Exercise Period”) commencing on the tenth (10th) Business Day after the date on which the first Type Certification is obtained, and terminating on the earlier to occur of: (a) at 5:00 p.m., New York City time on the date that is one (1) year after the date on which the first Type Certification is obtained; and (b) the liquidation of the Company (the “Expiration Date”).
More Definitions of Type Certification
Type Certification means the issuance of the Program Airplane type certificate per CFR (Code of Federal Regulations) Part 21. The type design approves designs on paper.
Type Certification means a certification that is granted to a manufacturer by the Department after review of a new ride application and that is applicable to all rides of essentially the same de- sign and manufacture with regard to structural, mechanical, electrical, hydraulic drive and control features, and restraint and other protective features.
Type Certification. Means a type certification for electric vertical take-off and landing (eVTOL) aircraft from the from Federal Aviation Administration and the Civil Aviation Agency of Brazil (Agência Nacional de Aviação Civil), in each case, in form and substance satisfactory to Bank. United States and U.S.: The United States of America. Unrestricted Cash and Unrestricted Cash Equivalents On any date of determination, with respect to Guarantor and Borrower, and in each case, any of its Subsidiaries, on a consolidated basis, (i) cash and Cash Equivalents held by such person that are not subject to any Lien (excluding statutory liens in favor of any depository bank where such cash is maintained), minus (ii) amounts included in the foregoing clause (i) that are with an entity other than such person as deposits or security for contractual obligations, or are otherwise restricted or reserved. U.S. Dollars, U.S.$, or $: The lawful currency of the United States. Voting Stock Means equity interests in such Person having power to vote for the election of directors or similar officials of such Person or otherwise voting with respect to actions of such Person (other than such equity interests having such power only by reason of the happening of a contingency).
Type Certification means type certification by the UK Civil Aviation Authority for the Aircraft as a small category (up to nine (9) passengers and a MTOW of 3,175 kilograms/7,000 pounds) vertical take-off and landing aircraft powered by an electric propulsion system;
Type Certification means, in respect of an aircraft, its type as certified under the law of the country in which the aircraft is registered,