Applicable Carrier definition
Examples of Applicable Carrier in a sentence
Upon the request of any Borrower, the Agent (on behalf of itself and the Lenders) will confirm the immediately preceding sentence in writing to any Applicable Carrier.
The Borrower shall not, and shall not cause or permit any Borrower Subsidiary to represent or hold out, or permit any Applicable Carrier or Owner Trustee to represent or hold out, the Collateral Agent, the Administrative Agent or any Lender as (i) the owner or lessor of any Aircraft, (ii) carrying goods or passengers on any Aircraft, or (iii) being in any way responsible for any operation of carriage (whether for hire or reward or gratuitously) with respect to any Aircraft.
Fully-Protected" transponders, in the event --------------------------- of failure, shall be restored by the Applicable Carrier using spare equipment that may be available on the satellite at the time of failure, or on a comparable transponder on the same satellite, or on another Applicable Carrier satellite then in orbit, except when the failure is caused by Customer.
The Borrower shall not, and shall not cause or permit any Borrower Subsidiary to represent or hold out, or permit any Applicable Carrier or Owner Trustee to represent or hold out, the Security Trustee, the Administrative Agent or any Lender as (i) the owner or lessor of any Aircraft, (ii) carrying goods or passengers on any Aircraft, or (iii) being in any way responsible for any operation of carriage (whether for hire or reward or gratuitously) with respect to any Aircraft.
The Borrower shall not, and shall not cause or permit any Borrower Subsidiary to represent or hold out, or permit any Applicable Carrier or Owner Trustee to represent or hold out, the Collateral Agent, the Administrative Agent, any Funding Agent or any Lender as (i) the owner or lessor of any Aircraft, (ii) carrying goods or passengers on any Aircraft, or (iii) being in any way responsible for any operation of carriage (whether for hire or reward or gratuitously) with respect to any Aircraft.
Represent or hold out, or permit any Applicable Carrier to represent or hold out, the Agent or any Lender as (a) the owner of any Financed Aircraft, (b) carrying goods or passengers on any such Financed Aircraft, or (c) being in any way responsible for any operation of carriage (whether for hire or reward or gratuitously) which may be undertaken by any Borrower, Guarantor, Subsidiary or Applicable Carrier.
Customer shall not, and shall not have the right to, grant, sell, assign, encumber, permit the utilization of, license, lease, sublease or otherwise convey, directly or indirectly, in whole or in part, voluntarily or by operation of law, any of its rights under this Agreement without the express written permission of GATS and/or the Applicable Carrier.
Fully-Protected" transponders, in the event of failure, shall be restored by the Applicable Carrier using spare equipment that may be available on the satellite at the time of failure, or on a comparable transponder on the same satellite, or on another Applicable Carrier satellite then in orbit, except when the failure is caused by Customer.
Each Grantor shall place and maintain, or shall cause to be placed and maintained, a fireproof plate in a reasonably prominent position on the flightdeck or cockpit of each Aircraft and on each Engine stating: THIS [AIRCRAFT][ENGINE] IS OWNED BY [name of Borrower or Applicable Carrier] AND IS SUBJECT TO A FIRST PRIORITY SECURITY INTEREST IN FAVOR OF [NATIONSBANK, AS AGENT][Name of Borrower, WHICH HAS BEEN ASSIGNED TO NATIONSBANK, AS AGENT].
Notwithstanding the foregoing, Aircraft and Engines may only be re-registered in (i) the United States, (ii) the country in which the Applicable Carrier is organized, or (iii) subject to the limitations of subsection (f) of the definition of Eligible Aircraft, the country of another Eligible Carrier.