Aircraft Rentals definition

Aircraft Rentals means the operating expense attributable to aircraft rentals, calculated in accordance with the line item described as such in the Current Financials.
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Examples of Aircraft Rentals in a sentence

  • The expenses for the period include both: the lease expense for variable payments (Aircraft Rentals) as well as the expenses resulting from the amortization of the right of use assets from the beginning of the contract (included in the Depreciation line) and interest from the lease liability (included in Lease Liabilities).

  • Property Damage: $1,000,000 each occurrence.(3) FBO Category V, Aircraft Rentals.

  • These lease/rental payments should be reported under Aircraft Rentals - see Section 3 for detailed reporting re- quirements.- The Wet Lease under which an aircraft is usually leased on Aircraft, Crew, Mainte- nance and Insurance (ACMI) basis.

  • All amounts under this kind of operation should be allocated under the XXX aircraft type and under the position Aircraft Rentals.

  • Flying Clubs are exempt from all other building and classroom requirements as it pertains to Aircraft Rentals and Flight Training.

  • Enter into or permit to remain in effect any flight equipment lease agreements which, as of the close of any fiscal year, cause the Company's Consolidated Aircraft Rentals for such fiscal year to exceed eight percent (8%) of the Company's consolidated operating revenues for such fiscal year, provided that any such lease agreements as may be necessary in connection with interchange agreements between the Company and other airline related businesses shall not be included in such calculation.

  • This will affect depreciation, interest and aircraft assets, and, for this type of lease NO amount should be shown in Aircraft Rentals - see Section 3 for detailed reporting requirements.- The Operating Lease (or Dry Lease), under which the rentals are paid by a carrier for a period that is substantially less than the normal life of the aircraft.

  • This expense is considered a special item since there is a non-cash double counting of fleet PBH in Aircraft Rentals and in the Depreciation & Amortization line, and therefore has been adjusted for in the adjusted financial figures.

  • Consolidated Adjusted Pre-Tax Income* $ (1) Aircraft Rentals* $ (2) Net Interest Expense* $ (3) Depreciation and amortization* $ (4) Cash dividends paid* $ (5) Sum of lines (1), (2), (3), and (4), minus line (5) $ (6) Net Interest Expense* $ (7) Aircraft Rentals* $ (8) Sum of lines (7) and (8) $ (9) Ratio of line (6) to line (9) to Minimum Ratio 1.25 to 1.00 * For four fiscal quarter period ending on last day of Subject Period.

  • For the seventh code, MCC 7999—Recreation Services (Includes Swimming Pools, Miniature Golf and Driving Ranges, Ski Slopes, Boat Rentals, Aircraft Rentals, and Sport and Games Instruction), we found that two employees each used the GTC for two unauthorized transactions.

Related to Aircraft Rentals

  • Lease Rentals means, for any period, the aggregate amount of fixed rental or operating lease expense payable by the Company and its Subsidiaries with respect to leases of real and personal property (excluding Capital Lease Obligations) determined in accordance with GAAP.

  • Leased Aircraft Has the meaning specified in the third recital to this Trust Supplement.

  • Rentals of a Person means the aggregate fixed amounts payable by such Person under any Operating Lease.

  • aircraft operator means a person that operated at least 729 commercial air transport flights departing from Union airports in the reporting period or, where that person may not be identified, the owner of the aircraft;

  • Equipment Lease means a Contract for the lease of Equipment or for the purchase of Equipment under a conditional sales or title retention agreement.

  • aircraft engines means aircraft engines (other than those used in military, customs or police services) powered by jet propulsion or turbine or piston technology and:

  • Aircraft means any machine that can derive support in the atmosphere from the reactions of the air other than the reactions of the air against the earth’s surface;

  • Aircraft Mortgage means that “Aircraft Mortgage” as defined in Section 4.01(e), as the same may be amended, restated, modified, supplemented, extended or amended and restated from time to time.

  • Space Lease The space or occupancy lease pursuant to which any Borrower holds a leasehold interest in the related Mortgaged Property, together with any estoppels or other agreements executed and delivered by the lessor in favor of the lender under the related Mortgage Loan(s).

  • Owner-builder means an owner or lessor of real property who, by himself or by or through others, constructs or has constructed or reconstructs or has reconstructed any improvement to real property.

  • Customer Premises Equipment or "CPE" means equipment employed on the premises of a Person other than a Carrier to originate, route or terminate Telecommunications (e.g., a telephone, PBX, modem pool, etc.).

  • Rental means the Supplier’s charging rate for the hire of the Hire Goods which is current from time to time during the Hire Period;

  • Rental Equipment means tangible personal property sold, rented, leased, or licensed to customers to the extent that the item is actually used by the customer for rental, lease, or license to others; provided that:

  • Civil aircraft means any aircraft other than a public aircraft.

  • Rent as used in this Section 21 shall be deemed to be and to mean all sums of every nature required to be paid by Tenant pursuant to the terms of this Lease, whether to Landlord or to others. As used in Sections 21(c)(ii)(A) and (B), above, the “worth at the time of award” shall be computed by allowing interest at the Default Rate. As used in Section 21(c)(ii)(C) above, the “worth at the time of award” shall be computed by discounting such amount at the discount rate of the Federal Reserve Bank of San Francisco at the time of award plus 1%.

  • Initial Rent means [ ] (£[ ]) STERLING yearly (exclusive of any VAT);

  • Operating Lease means, as applied to any Person, any lease of any property (whether real, personal or mixed) by that Person as lessee which is not a Capital Lease.

  • Room Rent Means the amount charged by a hospital for the occupancy of a bed on per day (24 hours) basis and shall include associated medical expenses.

  • Space means the volume of gas which a user of a storage facility is entitled to use for the storage of gas;

  • Residential Rental Unit means an area legally licensed or permitted for use as a living space containing a sleeping area, bathing and sanitation facilities and cooking facilities equipped with a cooking range, refrigerator and sink, all of which are separate and distinct from other Residential Rental Units. Reg. §§ 1.103-8(a) 8(i).

  • Leash means a leash, cord, chain, or other comparable material which must be of a gauge suitable for controlling said dog and shall not be longer than six feet.

  • Residential rental property means property that is used solely as leased or rented property for residential purposes. If the property is a space rental mobile home park, residential rental property includes the rental space that is leased or rented by the owner of that rental space but does not include the mobile home or recreational vehicle that serves as the actual dwelling if the dwelling is owned and occupied by the tenant of the rental space and not by the owner of the rental space.

  • Additional Rental has the meaning set forth in Section 4.03.

  • Office Premises means any building, facility, or portion thereof, or other premises, whether owned or controlled by CP, which is used solely for clerical or administrative purposes and which does not contain heavy equipment or machinery, as designated by CP from time to time;

  • Basal area means the effective surface area available to transmit the treated effluent from the filter media in a mound system into the in-situ receiving soils. The perimeter is measured at the interface of the imported fill material and in-situ soil. On sloping sites, only the area down-gradient from the up-slope edge of the distribution media may be included in this calculation.

  • New Aircraft Has the meaning specified in the Note Purchase Agreement.