Examples of New Delivery Aircraft in a sentence
The Policy Aggregate limit of liability is the maximum amount the Company will pay under this Policy for Damages and such Claim Expenses, regardless of the number of Claims or claimants.
The Company confirms that it has entered into each Aircraft Purchase Agreement with the applicable Manufacturer pursuant to which the Company has agreed to purchase, and such Manufacturer has agreed to deliver, the New Delivery Aircraft in the months specified in Schedule I hereto, all on and subject to terms and conditions specified in such Aircraft Purchase Agreement.
If, on the Funding Date for any New Delivery Aircraft, the financing of such New Delivery Aircraft as contemplated hereunder shall not be consummated for whatever reason, the Company shall give the parties hereto and the Depositary prompt notice thereof.
The actual delivery date of any New Delivery Aircraft may differ from its currently scheduled delivery month and is subject to delay or acceleration.
The financing of each New Delivery Aircraft with a portion of the proceeds of this offering will be effected at the time of delivery of such New Delivery Aircraft to the Owner by the Manufacturer.
See “Description of the Aircraft and the Appraisals—Timing of Financing the Aircraft.” NAS has certain rights to substitute other aircraft if the scheduled delivery date of the May Delivery Aircraft or any New Delivery Aircraft is delayed for more than 45 days after the month scheduled for delivery, provided that such 45-day period for such New Delivery Aircraft may be extended once by the Owner by written notice to the parties to the Note Purchase Agreement (as defined herein).
On or prior to the delivery of each New Delivery Aircraft by the Manufacturer, Arctic or BOCA, as applicable, will assign its right to take title to such Aircraft to the Owner.
The purchase agreements to acquire the New Delivery Aircraft from Boeing have been entered into by Arctic or BOC Aviation (Cayman) Limited (“BOCA”).
See “Description of the Aircraft and the Appraisals—The Appraisals” for a description of the Owned Aircraft and the ten aircraft from which NAS will select the six New Delivery Aircraft, which will be financed with the proceeds of this offering.
Promptly after the Company has identified a new Funding Date on which such New Delivery Aircraft may be subjected to the financing as provided herein (all on and subject to the terms and conditions hereof and of the applicable Financing Agreements), the Company shall give the parties hereto and the Depositary a substitute Funding Notice specifying such new Funding Date for such New Delivery Aircraft.