Fleet Reduction. Except as otherwise permitted by Section 2.2.5, upon 180 days’ prior written notice from AWA, AWA, subject to limitations set forth below, may require Mesa to reduce the number of Aircraft in any Subfleet. AWA shall not require Mesa to reduce: (i) the number of Aircraft in the Dash 8 Subfleet, Beech 1900 Subfleet or the combined CRT Subfleets by more than one Aircraft in any Six Calendar Month Period. For purposes of this Agreement, “Six
Fleet Reduction. 11 Section 3.4 Liens............................................................... 12 Section 3.5 Maintenance......................................................... 12 Section 3.6 Possession.......................................................... 12 Section 3.7 Inspection.......................................................... 13 Section 3.8 The Company's Obligation to Insure.................................. 14 Section 3.9
Fleet Reduction. Except as otherwise permitted by Paragraph 1.2.5, upon [CONFIDENTIAL PORTION DELETED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION] prior written notice from AWA, AWA may require Mesa to reduce the number of Aircraft in the Fleet. AWA shall not require Mesa to reduce the number of Aircraft: (i) in any Subfleet by more than [CONFIDENTIAL PORTION DELETED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION] Aircraft in any [CONFIDENTIAL PORTION DELETED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION]. For purposes of this Agreement, [CONFIDENTIAL PORTION DELETED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION] means each period during the Term (as defined below) commencing on January 1 and ending on [CONFIDENTIAL PORTION DELETED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION] and commencing on [CONFIDENTIAL PORTION DELETED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION] and ending on [CONFIDENTIAL PORTION DELETED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION], with the first [CONFIDENTIAL PORTION DELETED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION] commencing on [CONFIDENTIAL PORTION DELETED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION]; (ii) in the Fleet on the Commencement Date prior to [CONFIDENTIAL PORTION DELETED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION]; (iii) in a Subfleet for a period of 1 year measured from the last date that an Aircraft is added to the Subfleet; provided, however, that April 30, 1999 shall be deemed to be the last date AWA acquires the last of the CRJs pursuant to Paragraph 1.2.2(b) for purpose of this subsection and the scheduled delivery date shall be deemed the date AWA acquires a CRJ pursuant to Paragraph 1.2.2(c); (iv) in the Dash 8 Subfleet below 8 Aircraft; and (v) in the CRJ Subfleet below 8 Aircraft.
Fleet Reduction. If at any time after the Closing Date so long as any Class G Equipment Notes are outstanding the total number of Aircraft of any Aircraft Model (as defined below) in the Company's in-service fleet during any period of 60 consecutive days ending on a date occurring during any of the periods specified in the table below is less than the Specified Minimum (as defined below) for such period (other than due to restrictions on operating such Aircraft imposed by the FAA or any other instrumentality or agency of the United States), then, (i) within 30 days after the officers of the Company gain knowledge of such occurrence, the Company shall notify the Policy Providers and Mortgagee of such occurrence, and (ii) within 90 days after such occurrence the Company shall redeem the Senior Equipment Notes pursuant to Section 2.12 of the Trust Indenture in an aggregate principal amount not less than the principal amount of the Senior Equipment Notes outstanding as of a date specified by the Company within 60 days prior to the redemption date multiplied by a fraction, the numerator of which shall be the Appraised Value of the Pledged Spare Parts and any Pledged Spare Engine that are appropriate for incorporation in, installation on, attachment or appurtenance to, or use in only Aircraft of such Aircraft Model or, in the case of Pledged Spare Parts, on Engines utilized only on such Aircraft, and the denominator of which shall be the Appraised Value of the Collateral. If at any time after the Closing Date so long as any Junior Equipment Notes are outstanding the total number of Aircraft of any Aircraft Model (as defined below) in the Company's in-service fleet during any period of 60 consecutive days ending on a date occurring during any of the periods specified in the table below is less than the Specified Minimum (as defined below) for such Aircraft Model (other than due to restrictions on operating such Aircraft imposed by the FAA or any other instrumentality or agency of the United States), then (i) within Collateral Maintenance Agreement
Fleet Reduction. If at any time after the Closing Date so long as any Securities are Outstanding the total number of Aircraft of any Aircraft Model (as defined below) in the Company's in-service fleet during any period of 60 consecutive days is less than the Specified Minimum (as defined below) for such Aircraft Model (other than due to restrictions on operating such Aircraft imposed by the FAA or any other instrumentality or agency of the United States), then within 90 days after such occurrence the Company shall redeem Securities pursuant to Article 4 of the Indenture or deliver Securities to the Trustee for cancellation, or a combination of the foregoing, in an aggregate principal amount not less than the principal amount of the Securities Outstanding at the end of such 60 day period multiplied by a fraction, the numerator of which shall be the Appraised Value of the Pledged Spare Parts that are appropriate for incorporation in, installation on, attachment or appurtenance to, or use in only Aircraft of such Aircraft Model or Engines utilized only on such Aircraft, and the denominator of which shall be the Appraised Value of the Collateral. For purposes of this Section "AIRCRAFT MODEL" shall mean each of the four models or groups of models of Aircraft set forth below and "SPECIFIED MINIMUM" for any Aircraft Model shall mean the number of Aircraft set forth opposite such Aircraft Model below: AIRCRAFT MODEL SPECIFIED MINIMUM
Fleet Reduction. If at any time after the Closing Date so long as any Series G Equipment Notes are outstanding the total number of Aircraft of any Aircraft Model (as defined below) in the Company’s in-service fleet during any period of 60 consecutive days is less than the Specified Minimum (as defined below) for such Aircraft Model (other than due to restrictions on operating such Aircraft imposed by the FAA or any other instrumentality or agency of the United States), then within 90 days after such occurrence the Company shall redeem Series G Equipment Notes pursuant to Section 2.11 of the Trust Indenture in an aggregate principal amount not less than the principal amount of the Series G Equipment Notes outstanding as of a date specified by the Company within 60 days prior to the redemption date multiplied by a fraction, the numerator of which shall be the Appraised Value of the Pledged Spare Parts that are appropriate for incorporation in, installation on, attachment or appurtenance to, or use in only Aircraft of such Aircraft Model or Engines utilized only on such Aircraft, and the denominator of which shall be the Appraised Value of the Collateral. If at any time after the Closing Date so long as any Series B Equipment Notes are outstanding the total number of Aircraft of any Aircraft Model (as defined below) in the Company’s in-service fleet during any period of 60 consecutive days is less than the Specified Minimum (as defined below) for such BACK
Fleet Reduction. Except as otherwise permitted by Section 2.2.5, upon Table of Contents
Fleet Reduction. Section 3.3 is amended to insert after the first sentence the following: "If at any time after the Subordinated Closing Date so long as any Subordinated Securities are Outstanding the total number of Aircraft of any Aircraft Model (as defined below) in the Company's in-service fleet during any period of 60 consecutive days is less than the Specified Minimum (as defined below) for such Aircraft Model (other than due to restrictions on operating such Aircraft imposed by the FAA or any other instrumentality or agency of the United States), then within 90 days after such occurrence the Company shall redeem Subordinated Securities pursuant to Article 4 of the Indenture or deliver Subordinated Securities to the Trustee for cancellation, or a combination of the foregoing, in an aggregate principal amount not less than the principal amount of the Subordinated Securities Outstanding at the end of such 60 day period multiplied by a fraction, the numerator of which shall be the Appraised Value of the Pledged Spare Parts that are appropriate for incorporation in, installation on, attachment or appurtenance to, or use in only Aircraft of such Aircraft Model or Engines utilized only on such Aircraft, and the denominator of which shall be the Appraised Value of the Collateral."
Fleet Reduction. Except as otherwise permitted by Section 2.2.5, upon 180 days' prior written notice from AWA, AWA, subject to limitations set forth below, may require Mesa to reduce the number of Aircraft in any Subfleet. AWA shall not require Mesa to reduce: (i) the number of Aircraft in the Dash 8 Subfleet, Beech 1900 Subfleet or the combined CRJ Subfleets by more than one Aircraft in any Six Calendar Month Period. For purposes of this Agreement, "Six Calendar Month Period" means each period during the Term (as defined below) commencing on January l and ending on June 30 and commencing on July 1 and ending on December 30, with the first Six Calendar Month Period commencing on January 1, 2002; (ii) the number of CRJ Model 200s for a period of 1 year measured from the last date that a CRJ Model 200 is added to the CRJ Subfleet; provided, however, that the Scheduled Delivery Date shall be used to
Fleet Reduction. Except as otherwise permitted by Section 2.2.5, upon 180 days' prior written notice from AWA, AWA, subject to limitations set forth below, may require Mesa to reduce the number of Aircraft in any Subfleet. AWA shall not require Mesa to reduce: (i) the number of Aircraft in the Dash 8 Subfleet, Beech 1900 Subfleet or the combined CRJ Subfleets by more than one Aircraft in any Six Calendar Month Period. For purposes of this Agreement, "Six Calendar Month Period" means each period during the Term (as defined below) commencing on January l and ending on June 30 and commencing on July 1 and ending on December 30, with the first Six Calendar Month Period commencing on January 1, 2002; (ii) the number of CRJ Model 200s for a period of 1 year measured from the last date that a CRJ Model 200 is added to the CRJ Subfleet; provided, however, that the Scheduled Delivery Date shall be used to 6 measure the date each CRJ Model 200 is added to the CRJ Subfleet; (iii) the number of CRJ Model 700s and 900s for a period of 1 year measured from the last date that a CRJ Model 700 or 900 is added to the CRJ Subfleet; provided, however, that the Scheduled Delivery Date shall be used to measure the date such CRJ Model 700 or 900 is added to the CRJ Subfleet; and (iv) the Dash 8 Subfleet below 6 Aircraft.
