Permitted Third Party User definition
Examples of Permitted Third Party User in a sentence
The Borrower will, and will procure that the Permitted Third Party User will comply with all laws, rules, regulations and requirements of any Governmental Authority applicable to its business and properties, except where the failure to do so could not reasonably be expected to result in a Material Adverse Effect.
None of the Borrower or any Permitted Third Party User or any Subsidiary thereof or any of their respective directors or executive officers or, to their knowledge, any of their respective non-executive officers, is a Sanctioned Person.
The Borrower will, and will procure that each other Loan Party and each Permitted Third Party User will, file with all appropriate taxing authorities all Federal, state and local income tax returns that are required to be filed and all registrations, declarations, returns and other documentation with respect to any personal property Taxes (or any other Taxes in the nature of or imposed in lieu of property taxes) due or to become due with respect to the Aircraft or any of the other Collateral.
Without limiting the foregoing, the Borrower shall, or will procure that a Permitted Third Party User shall, comply with all mandatory service bulletins and airworthiness directives by causing compliance to such bulletins and/or directives to be completed through corrective modification in lieu of operating manual restrictions.
Any representation, warranty or statement made or deemed made by or on behalf of an Obligor or a Permitted Third Party User in or in connection with this Agreement or any other Finance Document (including the Schedules attached thereto) shall prove to be incorrect in any material respect when made or deemed made or submitted.
Neither Borrower nor any Permitted Third Party User nor any Subsidiary thereof nor any of their respective directors or executive officers nor, to their knowledge, any of their respective non-executive officers is a Sanctioned Person.
Any representation, warranty or statement made or deemed made by or on behalf of an Obligor, BHL or Permitted Third Party User in or in connection with this Agreement or any other Finance Document (including the Schedules attached thereto) shall prove to be incorrect in any material respect when made or deemed made or submitted.
Any representation, warranty or statement made or deemed made by or on behalf of an Obligor, BHL or a Permitted Third Party User in or in connection with this Agreement or any other Finance Document (including the Schedules attached thereto) shall prove to be incorrect in any material respect when made or deemed made or submitted.
Provided that no Event of Default exists and is continuing, the Borrower may enter into one or more Permitted Third Party Agreements with a Permitted Third Party User, and permit to exist Permitted Third Party Agreements affecting the Aircraft between Permitted Third Party Users, as provided for in the Maintenance, Operations and Assignment Supplemental Agreement.
Neither Borrower nor any Permitted Third Party User nor any Affiliate thereof nor any of their respective directors or executive officers nor, to their knowledge, any of their respective non-executive officers is a Sanctioned Person.