Common use of Certificated Air Carrier Clause in Contracts

Certificated Air Carrier. Each Air Carrier is a Certificated Air Carrier and possesses all necessary certificates, franchises, licenses, permits, rights, designations, authorizations, exemptions, concessions, approvals, frequencies, Slots, and consents that are material to the operation of the routes flown by it and the conduct of its business and operations as currently conducted (the “Permits”). Each Air Carrier is a “citizen of the United States” as that term is defined in Section 40102(a)(15) of Title 49 or successor statute. Neither the DOT nor FAA nor any other Governmental Entity has taken any action or to such Air Carrier’s Knowledge, proposed or threatened to take any action, to amend, modify, suspend, revoke, terminate, cancel, or otherwise affect such Permits, in each case, in a materially adverse manner. Except as set forth in Schedule 3.06, no written notices of violations of the FARs or of DOT rules, regulations or requirements have been issued and are pending.

Appears in 4 contracts

Samples: Investment Agreement (Frontier Airlines Holdings, Inc.), Investment Agreement (Republic Airways Holdings Inc), Investment Agreement (Frontier Airlines Holdings, Inc.)

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