IAE definition
Examples of IAE in a sentence
Upon request from Frontier, IAE will reasonably cooperate with and assist Frontier in relation to any financing of the Spare Engines and Firm Aircraft by providing reasonable documentation to Frontier or its financier, subject to any reasonable restrictions on proprietary information and NDA’s, whether such financing is in the form of debt or a sale-leaseback transaction.
Frontier provided a letter to IAE LLC dated June 4, 2024, notifying IAE LLC that, pursuant the conversion rights set forth in Appendix 1 of the Agreement, the eighteen (18) A321XLR Aircraft currently scheduled for delivery under the Agreement shall be converted to A321NEO Aircraft (the “Conversion Notice”).
In consideration of the foregoing conditions and of the mutual covenants herein contained, IAE LLC and Frontier hereby amend the Agreement as follows: Frontier NEB_FMP Amendment No. 2 (07-23-2025) Final Distribution.docx Page 2 1.
It is hereby understood and agreed between IAE LLC and Frontier that this Agreement and all documentation leading to this Agreement have been, and any and all amendments resulting from such Agreement shall be, agreed and concluded by direct negotiations between IAE LLC and Frontier, without any intermediaries, agents or brokers.
IAE will invoice Frontier, and Frontier will pay IAE, for each Spare Engine and any associated or Additional Equipment purchased under this Agreement in accordance with IAE’s Spare Engine Payment Schedule attached as Appendix 8.
IAE LLC acknowledges that the Spare Engines being sold under this Agreement shall be sufficient to cause Frontier to comply with the Spare Engine Ratio, assuming Frontier has maintained compliance with all other terms and conditions of this Agreement.
Upon mutual execution, and subject to the substantially simultaneous execution by each of IAE LLC and Frontier of the 2025 NEB-FMP Agreement and Amendment No. 2, this Agreement will become an enforceable agreement.
For the avoidance of doubt, in the event Frontier is offered duplicate benefits under this Agreement, the 2020 NEB-FMP Agreement, the 2025 NEB-FMP Agreement, and any other agreement, between IAE LLC and Frontier in connection with the Applicable Aircraft, Frontier shall be entitled to select the most beneficial contractual benefit that shall apply to the exclusion of other duplicate benefits for the same item.
IAE agrees to provide Frontier with the financial assistance identified in this Article 3.
In accordance with Conversion Notice, Frontier and IAE LLC have agreed to amend the Agreement to, among other things, amend and restate the Delivery Schedule, including delays of the delivery of Firm Aircraft and Firm Spare Engines.