Wet Lease. Enter into a Wet Lease for the Airframe and Engines or engines then installed thereon with any third party for a term not to continue beyond the Term;
Wet Lease any arrangement whereby Borrower or a Permitted Lessee agrees to furnish the Aircraft, the Airframe, or any Engine to a third party pursuant to which the Aircraft, Airframe, or Engine is at all times in the operational control of Borrower or a Permitted Lessee, provided, that Borrower’s obligations under the Mortgage shall continue in full force and effect notwithstanding any such arrangement. ANNEX B*** EXHIBIT A
Wet Lease. Provision for lease of E-Cars/E-Vehicles by ANERT with uniformed chauffeur, but without fuel or fuel costs.
Wet Lease. 1 SECTION 9. INDEMNITIES........................................ 1
Wet Lease. Without the prior consent of Lessor, Lessee may enter into one or more arrangements whereby Lessee agrees to furnish the Aircraft to a third party pursuant to which the Aircraft (1) shall at all times be in the sole possession and control of Lessee, and shall at all times maintain its registration in the State of Registration, (2) shall be operated in all respects solely by regular employees of Lessee, and (3) shall be maintained, insured and otherwise operated by Lessee in accordance with the requirements of this Lease Agreement and each other Operative Document, provided no such arrangement extends beyond 135 days (including extensions and renewals) or past the last day of the Lease Term. The rights of any Person who receives possession by reason of a transfer permitted by this Section 8 shall be effectively and expressly subject and subordinate to all the terms of this Lease Agreement and each other Operative Document, including the covenants contained in this Section 8 and Section 11 and the rights of Lessor to repossession pursuant to Section 13 and to avoid transfer upon such possession. No sublease or other relinquishment or transfer of possession of the Aircraft or Airframe, or any Engine or Part, shall in any way release, discharge or otherwise limit or diminish any of Lessee's obligations to Lessor or any Financing Party (it being agreed that notwithstanding any such sublease or other transfer or relinquishment of possession, Lessee shall continue to be primarily liable and responsible for performance of all of its obligations under this Lease Agreement and each other Operative Document), or constitute a waiver of Lessor's rights or remedies hereunder or affect the registration of the Aircraft with the Aviation Authority. Notwithstanding any other provision of this Lease Agreement or any other Operative Document, any sublease or other relinquishment or transfer of possession must not adversely affect applicable tax benefits available to Lessor.
Wet Lease. An Agreement between the Company and another air carrier in which the Company provides aircraft(s) and crew(s) to the other air carrier.
Wet Lease. Dette bilaget gjelder ikke for wet lease som xxxxxx sted som en temporær løsning for å dekke opp et midlertidig behov.
Wet Lease. The term wet lease means any leasing arrangement whereby a person agrees to provide an entire aircraft and at least one crewmember to another person. A wet lease does not include a code sharing arrangement. (See 14 CFR part 110, § 110.2.)
Wet Lease. Wet-lease has often been (ab)used to circumvent the immigration, taxation and social legislation of the country of the AOC, to outsource jobs to third countries where labour is cheaper. XXX argues in favour of the EU restrictions proposed for wet-lease from third countries (time limits, technical and seasonal needs). This is even more important in the agreement with the UK, who propose little or no effective restriction on foreign ownership and control. ⇨ Social protections ECA applauds the EU for proposing comprehensive social protections, spelling out the need for any Air Transport Agreement to ensure protections for workers are both maintained and improved (Title III, Chapter two, Section 5). ECA would argue that, particularly with the broad applicability of these provisions across the whole economy, employers’ and employees’ representative organisations must have the right of standing to raise issues caused by the agreement and seek their resolution through the disputes resolution procedure. Should air transport be eventually carved out from the broader agreement, all the provisions of Title III, Chapter two, Section 5 will have to equally apply to aviation workers on a non-discriminatory basis. The UK position on social issues is of mere ‘consultation’ if the agreement is used to undermine current levels of protection and it asserts that future employee rights are entirely for each party to decide for themselves. This leaves a gaping opportunity for flagrant social dumping practices and ECA strongly opposes this abandonment of the rights of those professionals who provide an essential infrastructure service. ⇨ Legal uncertainty in case of no deal Finally, ECA is alarmed by the apparent lack of concern on achieving an agreement within the given time. Given that it is a rare occurrence for an Air Transport Agreement to be effectively cancelled without another taking its place, ECA is concerned for the legal position of airlines, passengers and particularly the aircraft commander and their crew on January the 1st, 2021 if no EU-UK Air Transport Agreement is reached beforehand.
Wet Lease any arrangement whereby Borrower or a Permitted Lessee agrees to furnish the Aircraft, the Airframe, or any Engine to a third party pursuant to which the Aircraft, Airframe, or Engine is at all times in the operational control of Borrower or a Permitted Lessee, provided, that Borrower’s obligations under the Mortgage shall continue in full force and effect notwithstanding any such arrangement. ANNEX B*** *** Represents material which has been redacted and filed separately with the Commission pursuant to a request for confidential treatment pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as amended. Page 5 of 9 pages containing information redacted pursuant to a request for confidential treatment. EXHIBIT A
