Aircraft Disposition definition

Aircraft Disposition has the meaning ascribed to such term in Section -------------------- 2.01(b).
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Aircraft Disposition means any sale, transfer or other disposition of any Aircraft (or an interest therein), including by reason of such Aircraft suffering a Total Loss or as a result of a Lessee exercising a purchase option, but excluding the leasing or subleasing of an Aircraft.
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Examples of Aircraft Disposition in a sentence

  • The Administrative Agent shall maintain records of the amounts in the Aircraft Disposition Account allocable to each Aircraft Disposition.

  • For the avoidance of doubt, net loss will be calculated without any adjustment for Permitted Aircraft Disposition Charges (if any) incurred during the calculation period.

  • If any Segregated Funds relating to a Lease of an Aircraft that is the subject of an Aircraft Disposition remain in the Lessee-Funded Account after such Aircraft Disposition and are not refundable to the applicable Lessee, the Cash Manager shall direct the Trustee, in writing, to transfer such Segregated Funds to the Collections Account after such Aircraft Disposition.

  • In addition, so long as no Event of Default shall have occurred and be continuing, the Cash Manager shall direct the Trustee in writing to transfer from the Collections Account to the Aircraft Disposition Account any such Net Sales Proceeds that have been deposited in the Collections Account, in each case promptly and not later than the next Payment Date.

  • As and to the extent provided in Sections 3.06 and 5.02(h), if the acquisition of an Additional Aircraft is to be funded using Available Disposition Proceeds, an amount equal to the amount permitted to be applied for such purpose will be transferred from the Aircraft Disposition Account to the Aircraft Purchase Account for such Aircraft on the applicable Delivery Date for such Aircraft.

  • A ratio of Funded Debt to Tangible Net Worth (taking into account Permitted Aircraft Disposition Charges (if any)) of not more than 3.75 : 1.00 ("Maximum Leverage Ratio"), measured at the end of each Fiscal Quarter.

Related to Aircraft Disposition

  • Permitted Asset Disposition means (i) any Asset Disposition permitted by Section 8.5 and (ii) any Excluded Asset Disposition.

  • Asset Disposition means any sale, lease, transfer or other disposition (or series of related sales, leases, transfers or dispositions) by the Company or any Restricted Subsidiary, including any disposition by means of a merger, consolidation or similar transaction (each referred to for the purposes of this definition as a “disposition”), of:

  • Major Asset Disposition means the sale or other disposition in one transaction or a series of related transactions of 50% or more of the assets of the Company and its subsidiaries on a consolidated basis; and any specified percentage or portion of the assets of the Company shall be based on fair market value, as determined by a majority of the members of the Incumbent Board;

  • Permitted Asset Dispositions means the following Asset Dispositions:

  • Excluded Asset Disposition means an Asset Disposition permitted pursuant to Section 7.05 other than Asset Dispositions pursuant to Sections 7.05(vii), (xiii), and (xv).