Aircraft Assets definition

Aircraft Assets means (x) aircraft, airframes, engines (including spare engines), propellers, parts and other operating assets and pre-delivery payments relating to any of the items in this clause (x); and (y) intermediate or operating leases relating to any of the items in the foregoing clause (x).

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Aircraft Assets means (1) the Aircraft, together with the products and proceeds thereof, and (2) the Aircraft Note.

Aircraft Assets aircraft, airframes, engines (including spare engines), parts and pre-delivery payments relating to the foregoing.

Examples of Aircraft Assets in a sentence

In addition, the Servicer will obtain the appraisals and return condition report with respect to newly acquired Aircraft Assets that are required to be obtained under the Long Term Support Agreement.
Schedule 4.01(c) (as such Schedule shall be amended by the Company and the Servicer from time to time) sets forth a true and complete list of all bank or other similar accounts and any other accounts relating to the Aircraft Assets (including wire transfer instructions) or otherwise in connection with the Services, with respect to which any Person within the Company Group, or any other agent thereof, has authority.
The Servicer may (but is not obliged to) seek any approval, instruction or direction from the Company with respect to any matter related to the Services or the Aircraft Assets to the extent that the Servicer believes to be appropriate and, pending the Servicer’s receipt of any such approval, instruction or direction, the Servicer may refrain from taking any action with respect to the matter for which the Servicer has sought approval or direction.
Upon request from the Servicer, the Company shall also promptly provide originals within its possession of all Aircraft Assets Related Documents.
Schedule 4.01(a) contains a true and complete list of all Aircraft and Orphan Engines constituting Aircraft Assets and each Person within the Company Group that owns such Aircraft Assets.

More Definitions of Aircraft Assets

Aircraft Assets means “Flight Equipment held for Operating Lease [net],” plus “Net Investment in Direct Finance Leases,” plus “Inventory” plus “Lease Premium” plus “End of Lease Assets” (or such substantially similar terms for such substantially similar assets as may be used from time to time).

Aircraft Assets means one or more Aircraft, together with the related assets with respect thereto, including, without limitation, the Leases with respect to such Aircraft (and the Related Security with respect thereto) and any related Security Deposits, Maintenance Reserves or other cash reserves.

Aircraft Assets means the Aircraft Collateral and any related Security Deposits or Maintenance Rent.

Aircraft Assets has the meaning assigned to such term in the Servicing Agreement.

Aircraft Assets means all Aircraft and any related lease interests owned or leased, or to be owned or leased, by any Serviced Group Member from time to time; provided, however, that Aircraft Assets shall not include any Aircraft Asset in respect of which the Servicers or such Serviced Group Member shall have terminated the Servicer's obligation to provide Services with respect thereto in accordance with Article 7 hereof.

Aircraft Assets means all Initial Aircraft, the Offering Memorandum Aircraft, any Additional Aircraft, any spare parts, spare engines or ancillary equipment or devices furnished therewith and related lease interests and options owned by any Person within AerCo Group; provided however, that Aircraft Assets shall not include any Aircraft Asset (x) that shall have ceased to be an Aircraft Asset pursuant to this Agreement, or (y) in respect of which the Servicer or AerCo shall have terminated the Servicer's obligation to provide Services in accordance with Article 10 of this Agreement.

Aircraft Assets means aircraft and spare engines.