Corporate Aircraft definition

Corporate Aircraft means a company owned aircraft transport- ing persons or property for business purposes.

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Corporate Aircraft means any Aircraft, chartered or operated specifically or mainly for corporate and/or private non-scheduled flights.

Corporate Aircraft means a company owned aircraft transporting persons or property for business purposes.

Examples of Corporate Aircraft in a sentence

Executive may be provided access to Company-owned aircraft which Executive may use for both business and personal travel, subject to and conditioned on the terms and conditions of the Company’s Corporate Aircraft Policy, which policy may be changed by the Board of Directors at its sole discretion.
It is the intention of the Board of Directors that the Employee have full access and use of the corporate aircraft as set forth in the March 2009 Corporate Aircraft Policy.
The Company’s March 2009 Corporate Aircraft Policy will apply to Employee during the term of this Agreement and will not be changed without Employee’s consent unless unforeseen and unexpected circumstances arise that require the policy to be modified.
If an employee of Company wishes to use the corporate aircraft, employee completes a Westran Corporate Aircraft Request form ("CAR"), and obtains approval from ▇▇▇▇▇▇ ▇▇▇▇, or ▇▇▇▇▇▇ ▇▇▇▇▇, or ▇▇▇ ▇▇▇▇▇▇▇▇, in accordance with the policy established by Companies.
During the Employment Period, the Executive shall have access to the use of corporate aircraft in accordance with the Company’s Corporate Aircraft Policy in effect from time to time.
LP will perform all obligations of MCM under the CFE738 Turbofan Engine Customer Service Plan Executive Operator Contract between CFE Company and MCM, the ▇▇▇▇▇▇-▇▇▇ ▇▇▇▇▇▇▇▇▇ Power Unit Maintenance Service Plan Executive Operator Contract between Honeywell and MCM and Corporate Aircraft Service Program Agreement between Rockwell ▇▇▇▇▇▇▇, Inc., Rockwell ▇▇▇▇▇▇▇ Services and MCM (collectively, the “Assumed Support Contracts”) arising after the Commencement Date.
Assume that throughout the year, the only two BKFS employees or FNF Servicing Employees providing corporate services to BKFS who used the Corporate Aircraft were ▇▇.
By way of example, assume there is an aggregate of 100 flying hours per year in Corporate Aircraft and after billing the standard hourly rate directly to the department/cost center of each Corporate Aircraft user, there is a residual Departmental Cost of $50,000.
This Section 1.05 shall be deemed to be amended in the event the Parsley Group’s Corporate Aircraft Policy is amended, but only to the extent such amendments to the Corporate Aircraft Policy entitled Employee to increased usage of the corporate aircraft.
Cost Allocation: Because each department/cost center is directly charged an hourly rate for each hour of aircraft use by such department's/cost center's employees, the allocation in Corporate Aircraft is limited to the residual amount of Departmental Costs (as defined below) in excess of the aggregate amounts charged to the individual departments/cost centers in connection with each Corporate Aircraft usage.

More Definitions of Corporate Aircraft

Corporate Aircraft means any corporate use aircraft (including the Airframe, Engines and any Parts related to either of the foregoing) purchased from time to time and owned at the time it is proposed to be included in the Borrowing Base by an Equipment Owner. “Covered Entity” means any of the following: (a) a “covered entity” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 252.82(b); (b) a “covered bank” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 47.3(b); or (c) a “covered FSI” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 382.2(b). “Credit Extension” means each of the following: (a) a Borrowing and (b) an L/C Credit Extension. “CWEL” means CASC ▇▇▇▇▇▇ Lease Finance Company Limited “Daily Simple SOFR” with respect to any applicable determination date means the SOFR published on such date on the Federal Reserve Bank of New York’s website (or any successor source). “Debtor Relief Laws” means the Bankruptcy Code of the United States, and all other liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief Laws of the United States or other applicable jurisdictions from time to time in effect. “Default” means any event or condition that constitutes an Event of Default or that, with the giving of any notice, the passage of time, or both, would be an Event of Default. “Default Rate” means (a) with respect to any due and unpaid Obligation for which a rate is specified, a rate per annum equal to two percent (2%) in excess of the rate otherwise applicable thereto and (b) with respect to any due and unpaid Obligation for which a rate is not specified or available, a rate per annum equal to the Base Rate plus the Applicable Rate for Revolving Loans that are Base Rate Loans plus two percent (2%), in each case, to the fullest extent permitted by Applicable Law. “Default Right” has the meaning assigned to that term in, and shall be interpreted in accordance with, 12 C.F.R. §§ 252.81, 47.2 or 382.1, as applicable. “Defaulting Lender” means, subject to Section 2.15(b), any Lender that (a) has failed to (i) fund all or any portion of its Loans within two (2) Business Days of the date such Loans were required to be funded hereunder unless such Lender notifies the Administrative Agent and the Borrower in writing that such failure is the result of such ▇▇▇▇▇▇’s determination that one or mo...

Corporate Aircraft means aircraft chartered or operated specifically or mainly for corporate/private non-scheduled flights.