Civil Reserve Air Fleet Program definition

Civil Reserve Air Fleet Program means the Civil Reserve Air Fleet Program currently administered by the United States Air Force Air Mobility Command pursuant to Executive Order No. 11490, as amended, or any substantially similar program.
Civil Reserve Air Fleet Program or “CRAF” means the Civil Reserve Air Fleet Program administered by the United States Government or any substantially similar program.
Civil Reserve Air Fleet Program means the Civil Reserve Air Fleet Program currently administered by the United States Air Force Air Mobility Command pursuant to Executive Order No. 11490, as amended, or any substantially similar program. "Code" shall mean the Internal Revenue Code of 1986, as amended. "Collateral Account" means the deposit account established and maintained pursuant to Section 2.16 of the Trust Indenture. "Collateral Account Control Agreement" means the Collateral Account Control Agreement [NW 1997 I], dated as of September 25, 1997, among State Street Bank and Trust Company, the Indenture Trustee and the Owner Trustee. "Commitment" means the amount of the Owner Participant's participation in Lessor's Cost for the Aircraft required to be made available or paid as provided in Section 1(d) of the Participation Agreement. "Consent and Agreement" means the Consent and Agreement [NW 1997 I], substantially in the form attached to the form of Purchase Agreement Assignment attached as Exhibit B to the Participation Agreement to be dated as of and entered into on the Delivery Date, executed by the Manufacturer, as the same may be amended, modified or supplemented from time to time in accordance with the applicable provisions thereof. "Continuous Stay Period" shall have the meaning specified in Section 4.04(a) of the Trust Indenture. "Contract Rights" means all of Lessee's right, title and interest in and to Part H and Part J of the Manufacturer Support Agreement, as and to the extent that the same relate to the warranties with respect to the Aircraft, including, without limitation, (a) all claims for damages in respect of the Aircraft arising as a result of any default by the Manufacturer under Part H or Part J of the Manufacturer Support Agreement, including, without limitation, all warranty, service life policy and indemnity provisions in Part H and Part J of the Manufacturer Support Agreement in respect of the Aircraft and all claims thereunder and (b) any and all rights of Lessee to compel performance of the terms of Part H and Part J of the Manufacturer Support Agreement in support thereof.

Examples of Civil Reserve Air Fleet Program in a sentence

  • LESSEE may transfer possession of the Airframe or any Engine to the United States of America or any instrumentality or agency thereof as part of the Civil Reserve Air Fleet Program authorized under 10 U.S.C. ss.

  • Under the Civil Reserve Air Fleet Program (CRAF), airlines registered in the United States contract their aircraft and crew for use by the United States Department of Defense during emergencies.

  • DoD Should Take Steps to Strengthen Management of the Civil Reserve Air Fleet Program.

  • Mortgagor may transfer possession of the Airframe or any Engine to the United States of America or any instrumentality or agency thereof as part of the Civil Reserve Air Fleet Program authorized under 10 U.S.C. ss.

  • Transfer possession of the Airframe or any Engine to the United States or any instrumentality or agency thereof in accordance with the Civil Reserve Air Fleet Program authorized under 10 U.S.C. Sec.

  • This is particularly so where public borrowings exceed net household financial savings, which risks crowding out private investment.Many countries face information gaps that impede their ability to fully grasp the impact of policies.

  • Also we need to look at how this affects the Department of Defense's ability to obtain the civilian airlift it so critically needs with respect to the Civil Reserve Air Fleet Program.

  • Lessor shall accept the insurance provided by the U.S. Government under the Civil Reserve Air Fleet Program in lieu of the insurance required under Section 10 hereof in the event of requisition for use by the U.S. Government.

  • David Graham, Sustaining the Civil Reserve Air Fleet Program (Alex- andria, VA: Institute for Defense Analyses, 2003), 1.

  • Lessor shall accept the insurance provided BY the U.S. Government under the Civil Reserve Air Fleet Program in lieu of the insurance required under Section 10 hereof in the event of requisition for use by the U.S. Government.

Related to Civil Reserve Air Fleet Program

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  • Federal Flood Insurance means federally backed Flood Insurance available under the National Flood Insurance Program to owners of real property improvements located in Special Flood Hazard Areas in a community participating in the National Flood Insurance Program.

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  • Flood Insurance Regulations means (i) the National Flood Insurance Act of 1968 as now or hereafter in effect or any successor statute thereto, (ii) the Flood Disaster Protection Act of 1973 as now or hereafter in effect or any successor statue thereto, (iii) the National Flood Insurance Reform Act of 1994 (amending 42 USC 4001, et seq.), as the same may be amended or recodified from time to time, and (iv) the Flood Insurance Reform Act of 2004 and any regulations promulgated thereunder.

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