Permitted Sublessee definition

Permitted Sublessee means the sublessee under a Permitted Sublease.

Permitted Sublessee means any entity domiciled in a country listed in Exhibit F hereto.

Permitted Sublessee means (a) any Permitted Air Carrier, (b) any airframe ------------------- or engine manufacturer, or Affiliate of such a manufacturer, who is domiciled in the United States of America or a country listed on Exhibit E to the Lease or (c) the United States of America or any instrumentality or agency thereof.

Examples of Permitted Sublessee in a sentence

• Lessee will comply, or procure compliance, in all material respects with all Laws relating to the operation, use, maintenance, repair, overhaul and/or modification of the Aircraft and maintain, or procure the maintenance of, all certificates, licenses, permits and authorizations which Lessee and (if applicable) Permitted Sublessee requires in order to conduct its business and perform its obligations under the Lessee Documents.

• Notwithstanding the registration requirements of Section 7(a)(i) hereof, the Lessee shall have the right, at any time so long as no Special Default or Lease Event of Default shall have occurred and be continuing, to request with at least 30 days’ prior written notice, a change in the registration of any Aircraft in association with the subleasing by the Lessee of such Aircraft to a Permitted Sublessee.

• Lessee shall not and will not permit Permitted Sublessee to incorporate any service bulletins on the Aircraft which alter the power output of an Engine without the prior written consent of the Lessor.

• The Lessee will not permit any Permitted Sublessee to use or operate any Aircraft in violation of any applicable law, except to the extent the application of such law is being contested in good faith and except for unanticipated, minor or non-recurring violations, provided the Lessee is using all reasonable efforts to mitigate any such illegality and such mitigation is not prejudicial to the Mortgage Estate or any Financing Party’s reputation.

• Lessee shall in no event represent any Secured Party as carrying goods or passengers on any Aircraft or as being in any way connected or associated with any operation or carriage which may be undertaken by Lessee or any Permitted Sublessee or as having any operational interest in any Aircraft.

More Definitions of Permitted Sublessee

Permitted Sublessee means a Certificated Air Carrier or, after the Restricted Use Period, (a) any Foreign Air Carrier, (b) the United States Government or an agency or instrumentality thereof which bears the full faith and credit of the United States of America or (c) any other Person approved in writing by the Owner Participant and the Indenture Trustee.

Permitted Sublessee means any air operator listed on Schedule 10 hereto, provided that at the time of commencement of any such subleasing, the relevant permitted sublessee (i) has not experienced a material adverse change in its financial condition as compared to its condition on the date hereof and (ii) is not subject to any bankruptcy, reorganization, insolvency, concurso mercantil or similar proceedings in any jurisdictions.

Permitted Sublessee means (i) any United States air carrier as to which there is in force at the time of entering into such sublease or other transfer a certificate issued pursuant to 49 U.S.C. 44705 or any successor provisions that give like authority and that is not subject to bankruptcy proceedings; or (ii) any manufacturer of airframes or engines or any air carrier that is listed in Schedule 1 to the Lease; provided that for any entity described in clause (ii), (x) such entity is based in a country with which the United States maintains normal diplomatic relations, (y) such entity is not subject to bankruptcy proceedings and (z) such transfer of possession shall not deprive the Finance Parties of their perfected and enforceable security interest.

Permitted Sublessee means a Person:

Permitted Sublessee means any of the following:

Permitted Sublessee means a sublessee permitted pursuant to the terms of Clause 10.3 (Subleasing);

Permitted Sublessee has the meaning ascribed thereto in Article 11.1.1.