Fleet Value definition

Fleet Value means the total value of the Aircraft in Pinnacle’s fleet used in calculating the premium for Pinnacle’s hull insurance (including war risk).

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Fleet Value means the value determined by an appraisal of the Fleet, provided that the appraiser and the form and scope of the appraisal are satisfactory to Agent. If an appraisal of the Fleet is required by the preceding sentence, then, until such appraisal is delivered to Agent, the "Fleet Value" may be determined by the Majority Lenders in their sole discretion.

Fleet Value means the total value of the Aircraft in Pinnacle's fleet used in calculating the premium for Pinnacle's hull insurance (including war risk). "FUEL BURN PENALTY PAYMENT" shall have the meaning ascribed to such term in SECTION 5.06(D). "FUEL PRICE" shall have the meaning ascribed to such term in SECTION 5.06(B).

Examples of Fleet Value in a sentence

• Pinnacle's hull insurance (including hull war risk insurance) expense shall be the lesser of the expense based on the actual rates or $0.00165 per dollar ($) of Pinnacle Fleet Value.

• Pinnacle’s and Mesaba’s hull insurance (including hull war risk insurance) expense shall be the lesser of the expense based on the actual rates or *** per dollar ($) of Pinnacle and Mesaba Fleet Value.

• Pinnacle’s hull insurance (including hull war risk insurance) expense shall be the lesser of the expense based on the actual rates or [***] per dollar ($) of Pinnacle Fleet Value.

• The Borrowing Base shall represent the determination by Lender, in accordance with the applicable definitions and provisions herein contained and with consideration for the nature of the facilities established hereunder, of the value, for loan purposes, of the Eligible Accounts, the Oil and Gas Reserves, the Eligible Turnkey Drilling Contracts, and the Fleet Value.

• Boeing will then decrease the Mature Benchmark Fleet Value by [ * ] to establish the mature equivalent maintenance cost for the Covered Aircraft (MATURE EQUIVALENT MAINTENANCE COST).

• Pinnacle’s hull insurance (including hull war risk insurance) expense shall be the lesser of the expense based on the actual rates or [***] of Pinnacle Fleet Value.

• At any time when Specified Availability is less than 10.0% of Availability, cause (x) prior to the second anniversary of the Closing Date, at least 70.0% and (y) from and after the second anniversary of the Closing Date, at least 80.0% of the Fleet Value of all Helicopters owned or leased by the Company and its Subsidiaries to remain In Use.

• The Borrowing Base shall represent the determination by Majority Lenders, in accordance with the applicable definitions and provisions herein contained and with consideration for the nature of the facilities established hereunder, of the value, for loan purposes, of the Eligible Accounts, the Eligible Turnkey Drilling Contracts and the Fleet Value.

• Pinnacle’s hull insurance (including hull war risk insurance) expense shall be the lesser of the expense based on the actual rates or $[***] per dollar ($) of Pinnacle Fleet Value.

• The Supplemental Hitachi Fleet Value, less a portion thereof required to be deposited with the Escrow Agent as Initial Escrow Amount, shall be paid promptly by H&E to B▇▇▇▇▇▇ Shareholders Representative, but shall reduce the Supplemental Proceeds to B▇▇▇▇▇▇ Shareholders as provided in the definition of “Supplemental Proceeds to B▇▇▇▇▇▇ Shareholders” and shall reduce the amounts payable under Section 2.2(d) as provided in Section 2.2(d).

More Definitions of Fleet Value

Fleet Value as of a date of determination:

Fleet Value are hereby added to Section 1.1 of the Original Agreement immediately following the definition of "Fixed Rate Portion":

Fleet Value means the Market Value of all vessels owned or leased by a member of the Group.