Permitted Lessee definition

Permitted Lessee means any Person to whom Company is permitted to lease the Airframe or any Engine pursuant to Section 7.02(a) of the Indenture and is a party to a Lease.

Permitted Lessee means the lessee under a Permitted Lease.

Permitted Lessee means any of the following:

Examples of Permitted Lessee in a sentence

• In addition, Owner (and any Permitted Lessee) may self-insure to the extent of any applicable deductible per aircraft that does not exceed industry standards for major U.S. airlines.

• Any Part removed from the Aircraft, Airframe or an Engine may be subjected by the Owner or a Permitted Lessee to a pooling arrangement entered into in the ordinary course of business of Owner or Permitted Lessee, provided that the part replacing such removed Part shall be incorporated or installed in or attached to such Airframe or any Engine in accordance with Sections 4.04(a) and 4.04(b) as promptly as practicable after the removal of such removed Part.

• Any payments received by the Mortgagee or the Owner or Permitted Lessee from such Government Entity with respect to such requisition of use shall be paid over to, or retained by, the Owner.

More Definitions of Permitted Lessee

Permitted Lessee means any entity domiciled in a country listed in Schedule III to the Trust Indenture.

Permitted Lessee has the meaning specified in Section 12 of the Series 2010-3

Permitted Lessee has the meaning set forth in Section 3.02(b)(iv) hereof.

Permitted Lessee means any (i) manufacturer of airframes or aircraft engines, or any Affiliate of a manufacturer of airframes or aircraft engines, (ii) any Permitted Foreign Air Carrier, (iii) any Person approved in writing by the Indenture Trustee and (iv) any U.S. Air Carrier.

Permitted Lessee has the meaning provided in Section 3.6(b) of the Collateral Maintenance Agreement.

Permitted Lessee has the meaning specified in Clause 12 of each Master Lease.

Permitted Lessee has the meaning specified in Section 12 of the Series 2013-G1 Lease.