Eligible Engines Sample Clauses

Eligible Engines. The Engines that will be Eligible under this Guarantee shall be new Firm Aircraft and new Firm Spare Engines which are owned or operated by JetBlue during the Period of Guarantee and which have been acquired pursuant to the Contract to which this Guarantee is attached and the related proposal or contract for delivery of Aircraft, and shall also include for purposes of this Guarantee, the Leased Aircraft. The Engines shall remain Eligible provided that JetBlue or its authorized maintenance facility maintains them in accordance with the IAE instructions and recommendations contained in the applicable IAE publications including the latest Maintenance Management Plan for JetBlue

Eligible Engines. (i) Keep each Engine identified as an Eligible Engine in any Borrowing Base Certificate in an Aircraft identified as an Eligible Aircraft in such Borrowing Base Certificate; (ii) keep each Engine that is Collateral (A) only at the locations identified to Agent pursuant to Section 5.2 (and Schedule 5.2 thereof); (B) only at a location in a country that is signatory to the Geneva Convention or the Cape Town Convention, (C) at all times fully covered at not less than their Net Orderly Liquidation Value under Borrowers' "spares" all risk policies while in such transit (and all such Spare Parts in transit at any time are fully covered at not less than the book value under Borrower's "spares" all risk policies); and (iii) notify Agent of new locations owned or leased by a Loan Party on which Eligible Engines or Engines that are Collateral are located so long as (A) such notice occurs by written notice to Agent not less than 20 days prior to the date on which any Engines are moved to such new location, (B) such new location is in a country that is signatory to the Geneva Convention or the Cape Town Convention, and (C) with respect to any such new leased location where Engines that are not Eligible Engines inserted into Eligible Aircraft are kept, within 90 days after the time of such written notification, Borrowers provide Agent with evidence satisfactory to Agent that Borrowers have used its reasonable best efforts to obtain a Collateral Access Agreement with respect to such new location (provided, however, that so long as Borrowers provide Agent with evidence satisfactory to Agent that Borrowers have used their reasonable best efforts to obtain a Collateral Access Agreement with respect to such new location, if Borrowers fail to deliver to Agent such Collateral Access Agreement within 90 days of the time of such written notification, no Event of Default shall have occurred and be continuing and Agent shall have the right to establish an additional reserve against the Borrowing Base in an aggregate amount equal to 3 months rent under the lease for each such location for which a Collateral Access Agreement has not been delivered). Unless (i) such Engine is in for Eligible Maintenance or (ii) such Engine is in transit in compliance with Section 5.20(a), not permit any Engine identified as an Eligible Engine in the most recent Borrowing Base or any Engine that is Collateral to be located at the premises of or otherwise put into the possession or control of any bail...

Eligible Engines. The Engines that will be Eligible under this Guarantee shall be new installed and new spare Engines which are owned or operated by New Air during the Period of Guarantee and which have been acquired pursuant to the Contract to which this Guarantee is attached and the related proposal or contract for delivery of Aircraft, and shall also include for purposes of this Guarantee, the Leased Aircraft. The Engines shall remain Eligible provided that New Air or its authorized maintenance facility maintains them in accordance with the IAE instructions and recommendations contained in the applicable IAE publications including the latest Maintenance Management Plan for New Air.

Eligible Engines. The Engines that will be Eligible Engines under this Guarantee shall be the Engines delivered with the Aircraft, the Purchased Items and S.

Eligible Engines. The Engines that will be Eligible under this Guarantee shall be new installed and new spare Engines which are owned or operated by Midway during the Period of Guarantee and which have been acquired pursuant to the Proposal or Contract to which this Guarantee is attached and the related proposal or contract for delivery of Aircraft. The Engines shall remain Eligible provided that Midway or its authorized maintenance facility maintains them in accordance with the IAE instructions and recommendations contained in the applicable IAE publications including the latest Maintenance Management Plan for Midway.

Eligible Engines. The Engines that will be eligible for coverage under this Plan shall be the eight (8) new installed Engines and one (1) new spare V2500 Engines which are owned or operated by Midway in support of four (4) Aircraft during the Period of the Plan. The first Engine eligible for coverage under this Plan shall be the first Engine removed from Midway's Aircraft on or after the date of commencement of the Plan. The last Engine eligible for coverage under this Plan shall be the last Engine requiring removal from Midway Aircraft on or before the date of termination of the Plan.

Eligible Engines. The Engines that will be Eligible under this Guarantee shall be the Engines which have been acquired pursuant to the Contract to which this Guarantee is attached or contract for delivery of the Aircraft, and shall (as a matter of clarification) also include for purposes of this Guarantee, the Leased Aircraft. The eligibility of the installed Engines and Firm Spare Engines under this Guarantee is contingent upon such Engines and Firm Spare Engines being maintained in accordance with the reasonable written operating and maintenance instructions (which take into account ACA's operational needs) issued by IAE and the Aircraft Manufacturer, which instructions are consistent with and do not contradict the maintenance program for the Aircraft and the Engines developed and agreed to by ACA in accordance with Federal Aviation Administration requirements.