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 with another carrier in which the Company provides an Aircraft and crew to the other carrier.
Wet Lease. 25 8.5 Civil Reserve Air Fleet Program................. 26 Section 9. Indemnities..................................... 26
Wet Lease. Without the prior consent of Lessor, Lessee may enter into one or more arrangements whereby Lessee agrees to operate the Aircraft for the benefit of a third party under a "wet lease" arrangement, pursuant to which the Aircraft (1) shall at all times remain in the sole possession, dominion and control of Lessee, and shall at all times maintain its registration in the State of Registration without any amendment or modification as a consequence of such arrangement, (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 Agreement and each other Operative Document.
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
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.)
