Rotable definition

Rotable means a Qualified Spare Part that wears over time and can be repeatedly restored to a serviceable condition over a period approximating the life of the flight equipment to which it relates.

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Rotable means those Spare Parts, including Appliances, that can be repeatedly and economically restored to a serviceable condition over a period approximating the life of the flight equipment to which they are related.

Rotable shall have the meaning assigned to such term in the Guarantee and Collateral Agreement.

Examples of Rotable in a sentence

• GE will determine which parts are required to perform the Services and will provide all parts and materials (new or used Serviceable, including use of Rotable Parts) required to accomplish the Services.

• GE may issue compatible parts from GE’s Rotable Parts inventory to replace Customer’s parts requiring Services.

• The maximum aggregate amount of financing available shall be in the amount of * with the actual amount of financing, subject to the maximum amount, to be based upon the value of initial provisioning, Qualified Rotable Spares purchased by Buyer.

• Rotable Spares shall take place in no more than three (3) tranches, with the first financing tranche being available to Buyer no earlier than the Delivery Date of the first Aircraft and the final financing tranche occurring no later than the Delivery Date of the last Aircraft and the second financing tranche to be available on a date to be mutually agreed.

• CFM may elect to use used Rotable Parts, and/or repaired parts in Serviceable condition in Engines Redelivered to AIRLINE, and such Rotable Parts, and/or repaired parts will be a CFM part of similar configuration as the parts in the Engine Delivered to CFM.

More Definitions of Rotable

Rotable means a Component that can be economically restored to a serviceable condition and, in the normal course of operations, is repeatedly rehabilitated to a serviceable condition over a period approximating the life of the flight equipment to which it is related.

Rotable a serially numbered part having a life expectancy through repetitive overhaul and under normal operating conditions, approximating to the life of the flight equipment to which it is related;

Rotable means a part that is renewable or time-controlled on a unit basis, identified by a serial number, with a definite potential for reuse through inspection, overhaul, repair, or calibration, including, without limitation, life-limited parts.

Rotable means those Spare Parts, including Appliances, that can be repeatedly and economically restored to a serviceable condition over a period approximating the life of the flight equipment to which they are related. “Second Lien Aircraft, Spare Engines and Spare Parts Mortgage and Security Agreement” or “this Agreement” or “this Mortgage” shall mean this Second Lien Aircraft, Spare Engines and Spare Parts Mortgage and Security Agreement, as the same may from time to time be amended, restated, amended and restated, supplemented or otherwise modified. “Spare Engine” shall mean (i) each of the engines listed by Manufacturer, model and Manufacturer’s serial numbers in Part B of Exhibit 1 to the initial Mortgage Supplement and each subsequent Mortgage Supplement, and whether or not either initially or from time to time installed on any Airframe or airframe; (ii) any Replacement Engine which may from time to time be substituted for any of such Spare Engines pursuant to the terms hereof; and (iii) in either case, any and all Parts which are from time to time incorporated or installed in or attached to any such Spare Engine (including, without limitation, the portion of any quick engine change kits installed thereon) and any and all Parts removed therefrom unless the Lien of this Mortgage shall not apply to such Parts in accordance with Section 2.02. “Spare Part” means an accessory, appurtenance, or part of an aircraft (except an engine or Propeller), engine (except a Propeller), Propeller, or Appliance, that is to be installed at a later time in an aircraft, engine, Propeller or Appliance and shall include, without limitation, “spare parts” as defined in 49 U.S.C. § 40102(a)(38). “Specified Default” shall mean the occurrence of a Default arising under Sections 7.01(b), (g), (h) and (i) of the Credit Agreement. “Title 49” shall mean Title 49 of the United States Code, as amended and in effect from time to time, and the regulations promulgated pursuant thereto. “Tracking Software” means any software utilized by a Grantor or its designees in its Tracking System to track the Pledged Spare Parts and shall include any licenses, service or support contracts related thereto. “Tracking System” shall mean a Grantor’s centralized computer system for monitoring and tracking the location, condition and status of its Spare Parts, and any and all improvements, upgrades or replacement systems. The Tracking System shall include the Tracking Software. “United States” or “U.S.” shall me...

Rotable means any Rolls-Royce 250 engine part or component that can be removed, repaired and reinstalled for purposes of the Exchange Program referred to in Amendment No.1 or the Agreement.

Rotable a serially numbered Component having a life expectancy, through repetitive repair and/or overhaul and under normal operating conditions, approximating to the life of the Aircraft and flight equipment to which it is related.

Rotable means any Rolls-Royce 250 engine part or component that can be removed, repaired and reinstalled for purposes of the Exchange Program referred to in Amendment No.1 or the Agreement.