JOLCO Transaction definition
JOLCO Transaction means a Japanese operating lease or other aircraft financing transaction on customary terms pursuant to which a JOLCO Lessor leases one or more Aircraft Asset to a member of the NAC Group pursuant to a lease, in each case the terms of which permit the member of the NAC Group to acquire legal title to the aircraft on exercise of a call option and payment of an agreed fixed price purchase option.
JOLCO Transaction means a Japanese operating lease or other aircraft financing transaction on customary terms pursuant to which a JOLCO Lessor leases one or more Group Aircraft Asset to a member of the NAC Group pursuant to a lease, in each case the terms of which permit the member of the NAC Group to acquire legal title to the aircraft on exercise of a call option and payment of an agreed fixed price purchase option.