Rotables definition

Rotables means those Spare Parts that, in accordance with the FARs and the original equipment manufacturer’s recommendations, can be repeatedly and economically restored to a serviceable condition over a period approximating or exceeding the life of the flight equipment to which they are related.

Rotables means those Spare Parts 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.

Rotables means Parts Collateral at Designated Locations.

Examples of Rotables in a sentence

• Rotables that are taken out of inventory and fitted to an aircraft are transferred to property plant and equipment at the carrying value at the time of transfer current carrying value.

• Post migration to RAMCO/ SAP, the item-wise details of Rotables are being worked out as per data generated from RAMCO.

• Repairable components (Rotables), it is important that the customers repair instructions are noted with reference to latest CMM revisions as notified by the OEM, when releasing the product to service.

• Aircraft Rotables relating to Airbus family are depreciated over the residual average useful life of the aircraft fleet relating to the respective family and of the respective engineering base, from the relevant year of purchase.

• The Collateral Agent is entitled to the benefits of Section 1110 of the Bankruptcy Code with respect to the Specified Engines as provided in the Engine Mortgage and Security Agreement and to not less than the Minimum 1110 Percentage (determined on the basis of Appraisal Value as of the Closing Date) of the Rotables included within the Pledged Spare Parts as provided in the Spare Parts Security Agreement in the event of a case under Chapter 11 of the Bankruptcy Code in which a Borrower is a debtor.

More Definitions of Rotables

Rotables means those Spare Parts that can be repeatedly overhauled and repaired.

Rotables has the meaning set forth in the Mortgage.

Rotables has the meaning set forth in the Spare Parts Mortgage.

Rotables means various components of aircraft and spare parts thereof conforming as in 1 ( A), which have been applied to tier intended use by installation or operation on one or more occasions after their initial acceptance by original purchaser. These parts may have been so inspected or repaired or reworked in conformity with methods, processes and tolerances approved by the original manufacturer or the Federal Aviation Administrations as to be in such conditions at the time of shipment by Consignor to Consignee as would in the opinion and to the best knowledge of the owner render such parts fit and proper, serviceable or repairable to again be applied to their intended use as specified by the original manufacturer. In addition to and Material fitting this description, this category shall also include other such items as: 1) auxiliary power units, 2) landing gear assemblies, 3) flight surface assemblies or 4) propeller assemblies.

Rotables and "expendables." "Rotables" are spare parts that wear over time and can be repeatedly restored to a serviceable condition over a period of time approximating the life of the flight equipment to which they relate. "Expendables" consist of: (i) parts that can be restored to a serviceable condition but which have a life less than that of the related flight equipment; and (ii) parts that are generally used once and thereby consumed or thereafter discarded. As stated above, the parties hereto agree that spare engines are not included in the definition of "Inventory" or the definition of "Collateral" as provided herein. The parties hereto further agree that the lien of this Security Agreement will not apply to a particular spare part or piece of Inventory for so long as such spare part or piece of Inventory is installed upon, affixed to, or being used in any aircraft, engine, or other spare part or piece of Inventory so installed, affixed, or being used.

Rotables are spare parts that wear over time and can be repeatedly restored to a serviceable condition over a period of time approximating the life of the flight equipment to which they relate. "Expendables" consist of: (i) parts that can be restored to a serviceable condition but which have a life less than that of the related flight equipment; and (ii) parts that are generally used once and thereby consumed or thereafter discarded. As stated above, the parties hereto agree that spare engines are not included in the definition of "Inventory" or the definition of "Collateral" as provided herein. The parties hereto further agree that the lien of this Security Agreement will not apply to a particular spare part or piece of Inventory for so long as such spare part or piece of Inventory is installed upon, affixed to, or being used in any aircraft, engine, or other spare part or piece of Inventory so installed, affixed, or being used.

Rotables means spare parts that wear over time and can be repeatedly restored to a serviceable condition over a period of time approximating the life of the flight equipment to which they relate, including without limitation, Rotor(s) and Rotor Blades.