Airbus Letter Agreement definition

Airbus Letter Agreement means the letter agreement dated of even date herewith and made between the Security Trustee, the Borrower and the Manufacturer pursuant to which the Manufacturer has agreed to make an additional credit memorandum available in respect of certain of the Aircraft, on the specific, and strictly confidential, terms set out therein;
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Examples of Airbus Letter Agreement in a sentence

  • The transactions contemplated in substantial conformity with the terms and conditions of the Airbus Letter Agreement, a copy of which is attached as Exhibit B to the Motion, are fair under the current circumstances to all parties and necessary to the success of the Debtors' reorganization.

  • The transactions contemplated by the Airbus Letter Agreement meet all of the above factors, as implementation of the agreements reached therein address the considerable uncertainty surrounding the Debtors' relationships with the Airbus Entities, including possible claims and damages relating to the Debtors' inability to accept delivery of Airbus aircraft under the existing delivery schedules, as provided for under the Purchase Agreements and related documents, all as contemplated therein.

  • The Debtors have engaged in good faith, extensive and arm's-length negotiations with the relevant Airbus Entities, and have demonstrated good, sufficient and sound business judgment in determining to enter into the Airbus Letter Agreement and the transactions with the relevant Airbus Entities contemplated therein, including, without limitation, the Airbus Agreements, pursuant to sections 105(a), 362, 363, 365, and 1110 of the Bankruptcy Code.

  • In addition, neither the Debtors nor the Airbus Entities engaged in any conduct that would cause or permit the Airbus Letter Agreement or Airbus Agreements to be avoided under section 363(n) of the Bankruptcy Code.

  • This Order and the transactions contemplated by the Airbus Letter Agreement, as evidenced by the Airbus Agreements, shall be binding on any subsequent chapter 11 or chapter 7 trustee who may be appointed or elected in these cases or any succeeding chapter 7 case.

  • The failure specifically to include any particular provisions of the Airbus Letter Agreement or the Airbus Agreements in this Order shall not diminish or impair the efficiency of such provisions, it being the intent of the Court that the transactions contemplated by the Airbus Letter Agreement, as evidenced by the Airbus Agreements, be approved in its entirety.

  • The contractor expressly waives their right to the assumption of approval in § 377 HGB (German Commercial Code), according to which the goods are considered approved if the notification of a defect is not made immediately upon its discovery – unless the defect becomes obvious.

  • Based upon the foregoing, the Debtors' submit that their decision to pursue the agreements and transactions with the Airbus Entities, as provided for in the Airbus Letter Agreement and embodied in the Airbus Agreements, for fair value is an exercise of sound business judgment, is in the best interest of Debtors' and their estate, and should be approved in all respects.

  • The resolution of the current disputes with the Airbus Entities as provided in the Airbus Letter Agreement is fair and reasonable and in the best interests of their estates and creditors, based on the Court's analysis of (i) the probability of the Debtors' success in potential litigation, (ii) the likely difficulty in collection, (iii) the complexity of the potential litigation with the attendant expense, inconvenience and delay, and (iv) the paramount interests of the estates and creditors of the Debtors.

  • Each officer or authorized signatory of the Debtors as may be so authorized by resolutions of the Board of Directors or shareholders of each of the Debtors, acting singly, is authorized to execute and deliver each of the Airbus Letter Agreement and Airbus Agreements, such execution and delivery being conclusive of their respective authority to act in the name of and on behalf of the Debtors.

Related to Airbus Letter Agreement

  • Letter Agreement has the meaning set forth in the Recitals.

  • Sponsor Letter Agreement has the meaning set forth in the recitals to this Agreement.

  • Transition Agreement has the meaning set forth in Section 12.8.1.

  • Client Agreement means the agreement between the Company and the Client, which together with the Terms of Business are defined as “Operative Agreements” and govern the terms on which the Company deals with the Client.

  • Termination Agreement has the meaning set forth in the Recitals.

  • Secondment Agreement is defined in Section 2.2.

  • Connection Agreement means an agreement entered into between a distributor and a person connected to its distribution system that delineates the conditions of the connection and delivery of electricity to or from that connection;

  • Services Agreement means an agreement entered into between a Utility and one or more Affiliates for the provision of Shared Services or For Profit Affiliate Services and shall provide for the following matters as appropriate in the circumstances:

  • Formation Agreement has the meaning attributed to it in Recital A;

  • Cooperation Agreement means that certain Mortgage Loan Cooperation Agreement, dated as of the Closing Date, among Borrower, Lender and Sponsor, as the same may from time to time be amended, restated, replaced, supplemented or otherwise modified in accordance herewith.

  • Master Separation Agreement has the meaning set forth in the recitals.

  • Consulting Agreement means any written or oral agreement to retain the services, for a fee, of a consultant for the purposes of (A) providing counsel to a contractor, vendor, consultant or other entity seeking to conduct, or conducting, business with the State, (B) contracting, whether in writing or orally, any executive, judicial, or administrative office of the State, including any department, institution, bureau, board, commission, authority, official or employee for the purpose of solicitation, dispute resolution, introduction or requests for information or (C) any other similar activity related to such contracts.

  • Consent Agreement means this Consent Agreement, duly signed and concluded between the Commission and the Respondent, as contemplated in section 40(1) of the Act.

  • Foundation Agreement means the agreement dated the 20th February 1985 made between the Trustee, the Manager, Xxxxxxxx, Genting WA and Tileska providing for the subscription of Units and Options;

  • Purchase Agreement Assignment means that certain Purchase Agreement Assignment [NW 1997 I], dated as of February 3, 1998, between Lessee and Lessor, as the same may be amended, supplemented or modified from time to time, with a form of Consent and Agreement to be executed by the Manufacturer attached thereto.

  • Construction Agreement as used in this subsection means an agreement between Seller and any contractor or subcontractor to install the System;

  • Transaction Agreement has the meaning set forth in the recitals.

  • Aircraft Purchase Agreement Has the meaning specified in the NPA.

  • Assistance Agreement means a for- mal, written agreement between the CDFI Fund and an Awardee which specifies the terms and conditions of assistance under this part;

  • Recognition Agreement With respect to any Cooperative Loan, an agreement between the Cooperative Corporation and the originator of such Mortgage Loan which establishes the rights of such originator in the Cooperative Property.

  • Side Agreement means the Side Agreement for Transfer Agency Services between the Customer and Transfer Agent dated as of January 1, 2015.

  • Mediation agreement means a written agreement between the parties to a mediation meeting.

  • Transition Services Agreement means the transition services agreement, dated as of the Closing Date, to be entered into by the Seller and the Buyer, substantially in the form of Exhibit G.