Existing Fleet definition
Examples of Existing Fleet in a sentence
The tail numbers of such Existing Fleet Type A/C will be added to this Agreement by amendment.
Unless expressly stated to the contrary, and to the extent possible, terms used in this Side Letter No. 1 ("Side Letter No. 1") shall have the same meaning given to them in the Existing Fleet FHA.
In the case of a German OpCo Existing Fleet Vehicle, the due date for payment of the relevant Onward Purchase Price shall be the Initial Funding Date.
At their election, two or more Participating Airlines may voluntarily agree at any time to average or trade the emissions from their respective GSE fleets, or portions thereof, for the purposes of individual compliance with the 1997 Existing Fleet Emissions Rate Goal, or determining the appropriate amount of liquidated damages for not meeting that goal.
Compliance with all applicable MOU provisions except for the emission reduction goals for the 1997 Existing Fleet.
An Individual Participating Airline having GSE in the 1997 Existing Fleet fails, refuses, or is otherwise unable to execute this MOU; provided, that this right to terminate must be exercised within six months of the Effective Date.
If the Participating Airlines collectively do not meet the Existing Fleet Emissions Rate Goal, each Individual Participating Airline that has not met that goal is liable for liquidated damages for its share of the exceedance based on excess emissions of HC plus NOx as provided in Equation 2 of Appendix 1 attached hereto.
If the Participating Airlines collectively do not meet the Existing Fleet ▇▇▇ Goal, each Individual Participating Airline that has not met that goal is liable for liquidated damages for its share of the ▇▇▇ shortfall as provided in Equation 3 of Appendix 1 attached hereto.
As set forth in Section III.A, the Participating Airlines shall meet a 2.65 g/bhp-hr emission rate goal for HC plus NOx as an average industry aggregate by December 31, 2010 for the 1997 Existing Fleet, as reflected in 2010.
The Agent and the Borrower shall have received a payoff letter from Fleet, indicating the amount of the loan obligations of the Borrower, if any, under the Existing Fleet Agreement to be discharged on the Closing Date.