Feeder Aircraft definition
Examples of Feeder Aircraft in a sentence
UITA must reveal to and notify FFAC, in writing, of all contracts, agreements, memoranda of agreements and other business arrangements that UITA has entered into related to the Utilicraft Freight Feeder Aircraft.
The Royalties due to UITA shall be paid by FFAC on collected receipts from Freight Feeder Aircraft sales by the fifteenth day (15th) following the end of each quarter that collections are made on delivered Freight Feeder Aircraft.
Subject to the provisions of this Section, FFAC agrees to pay UITA a 1% Royalty of the Gross Aircraft Sales recorded by FFAC in accordance with generally accepted accounting principals, less profit, commissions, royalties and mark-up on Freight Feeder Aircraft number 51 to Aircraft number 20▇▇ ▇old by FFAC.
The term ―Company Aircraft‖ refers to Company trunk aircraft that are not Feeder Aircraft.
FFAC agrees to assist UITA with its public company filing requirements, in order to keep UITA's public company status intact until the later of first flight of the Freight Feeder Aircraft, or two years from the date of this Agreement.