Aircraft Lessor definition

Aircraft Lessor means any person other than the Company who is the legal or beneficial owner of an aircraft that is used or occupied by or in the possession of the Company or in relation to which the Company is liable as at the Appointment Date;

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Aircraft Lessor means an owner of Aircraft leased by any Borrower or any Guarantor pursuant to any Sale and Leaseback Transaction.

Aircraft Lessor means a lessor under an Aircraft Lease.

Examples of Aircraft Lessor in a sentence

During each usage by Lessee, Lessee shall have possession, command, and operational control over the Aircraft, aircrew and maintenance; provided that during each reserved use by Lessor or other lessee of the Aircraft, Lessor or such other lessee, as applicable, shall have possession command and operational control of the Aircraft.
Upon each such change in the Aircraft, Lessor shall send to Lessee a revised Exhibit A - Leased Aircraft Subject to the Time-Sharing Agreement.
In addition, upon the return of the Aircraft, Lessor shall have no obligation with respect to the amount of any fuel or oil contained in the fuel or oil tanks of the Aircraft, it being agreed, however, that Lessee shall not be obligated to return the Aircraft with any fuel or oil other than as required pursuant to § 7(13) of Annex B.
Otherwise, the establishment and implementation of new or changed parking services or charges are at the sole, non-grievable, non-arbitrable discretion of the University.
During the last forty-five (45) days of the Term for the Aircraft, Lessor shall have the right to inspect the Aircraft and its records, including all maintenance, pilots and aircraft systems functional check reports, to determine whether the Aircraft and its records will be in compliance with the requirements for return at the expiration of the Term, including confirmation of the full serviceability status of each component of the Aircraft.
Furthermore, in the event Lessor intends to sell the Aircraft, Lessor shall have the right to terminate this Lease at any time upon giving Lessee one (1) month prior written notice of termination.
Lessee agrees that, with respect to the Aircraft, Lessor shall have all the rights and remedies of a first priority secured party under the UCC.
In the event of a Total Loss of the Aircraft, Lessor is named as sole loss payee for all insurance proceeds up to the Agreed Value.
In the event of any change in law affecting Lessee’s, Lessor’s, Lender’s or Mortgagee’s interest in the Aircraft, Lessor and Lessee shall consult and cooperate in good faith to mitigate the effect thereof.
Where, pursuant to this sub-clause (b), an engine or part is installed on the Aircraft, Lessor shall not be entitled to any ownership or Security Interest in such engine or part.

More Definitions of Aircraft Lessor

Aircraft Lessor means any Creditor of the Company that is an aircraft lessor as set out in Appendix 4 (List of Aircraft Lessors).

Aircraft Lessor means either Atlas Air or Polar, as applicable.

Aircraft Lessor shall have the meaning given to such term in the definition of "Existing Sale Leaseback Transaction" set forth in this Article 1.

Aircraft Lessor means, with respect to any Relevant Aircraft, the lessor counterparty to the applicable Aircraft Lease.