ASCEND Valuation definition
ASCEND Valuation means, in respect of an Aircraft, at any time, the lowest of: (a) the Base Value of such Aircraft; and (b) the Market Value of such Aircraft, in each case on full life condition provided that the Portfolio Lease for such Aircraft is fully reserved or has full life return conditions and otherwise on a maintenance adjusted basis as stated by ASCEND Worldwide Limited (or such other aircraft appraiser as the Agent may select (acting reasonably) in the event ASCEND Worldwide Limited ceases to provide the required valuations);
Examples of ASCEND Valuation in a sentence
The Agent will have received a copy of the ASCEND Valuation Letter for the Aircraft attributable to the Utilisation, which such letter will be dated on or after the date falling thirty (30) days before the Utilisation Date for the Aircraft attributable to the Utilisation.