{"component": "definition", "props": {"groups": [{"snippet": "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.", "snippet_links": [{"key": "spare-parts", "type": "clause", "offset": [12, 23]}, {"key": "serviceable-condition", "type": "definition", "offset": [78, 99]}, {"key": "flight-equipment", "type": "definition", "offset": [144, 160]}], "size": 16, "samples": [{"hash": "4kvKEPHeO80", "uri": "/contracts/4kvKEPHeO80#rotables", "label": "Credit and Guaranty Agreement (American Airlines Inc)", "score": 28.1430530548, "published": true}, {"hash": "66rtf8Z2Ja1", "uri": "/contracts/66rtf8Z2Ja1#rotables", "label": "Credit and Guaranty Agreement (American Airlines Inc)", "score": 25.5544147491, "published": true}, {"hash": "3T9LxSTJreI", "uri": "https://www.zonebourse.com/AMERICAN-AIRLINES-GROUP-15171667/pdf/702396/American%20Airlines%20Group_SEC-Filing-10K.pdf", "label": "www.zonebourse.com", "score": 10.1704311371, "published": false}], "hash": "cea28c25de0ca9005f58b54e27fb4c24", "id": 1}, {"snippet": "means Parts Collateral at Designated Locations.", "snippet_links": [{"key": "designated-locations", "type": "definition", "offset": [26, 46]}], "size": 4, "samples": [{"hash": "23FeMuYza3q", "uri": "/contracts/23FeMuYza3q#rotables", "label": "Revolving Credit Agreement (America West Airlines Inc)", "score": 18.0, "published": true}, {"hash": "1xUG4NfvBdu", "uri": "/contracts/1xUG4NfvBdu#rotables", "label": "Revolving Credit Agreement (America West Holdings Corp)", "score": 18.0, "published": true}, {"hash": "1Jw0mWQCGfI", "uri": "/contracts/1Jw0mWQCGfI#rotables", "label": "Term Loan Agreement (America West Holdings Corp)", "score": 18.0, "published": true}], "hash": "29b22171af87df69f0a4d1cb51c2b716", "id": 2}, {"snippet": "means those Spare Parts that can be repeatedly overhauled and repaired.", "snippet_links": [{"key": "spare-parts", "type": "clause", "offset": [12, 23]}], "size": 3, "samples": [{"hash": "9EKviig8XQB", "uri": "/contracts/9EKviig8XQB#rotables", "label": "Mortgage and Security Agreement (Frontier Airlines Inc /Co/)", "score": 19.0, "published": true}, {"hash": "g4lxiQCELlP", "uri": "/contracts/g4lxiQCELlP#rotables", "label": "Mortgage and Security Agreement (World Airways Inc /De/)", "score": 18.0, "published": true}, {"hash": "6tmpWa1Tjxs", "uri": "/contracts/6tmpWa1Tjxs#rotables", "label": "Mortgage and Security Agreement (World Air Holdings, Inc.)", "score": 18.0, "published": true}], "hash": "c93d4b40d68b7572324b20a1a9e5563c", "id": 3}, {"snippet": "has the meaning set forth in the Mortgage.", "snippet_links": [{"key": "the-mortgage", "type": "clause", "offset": [29, 41]}], "size": 2, "samples": [{"hash": "lTc0eJJUkVM", "uri": "/contracts/lTc0eJJUkVM#rotables", "label": "Loan Agreement (Us Airways Inc)", "score": 21.0, "published": true}, {"hash": "heVcHLLYpYT", "uri": "/contracts/heVcHLLYpYT#rotables", "label": "Loan Agreement (America West Holdings Corp)", "score": 18.0, "published": true}], "hash": "e08e3a590806784876dcbf6291b76bc5", "id": 4}, {"snippet": "means those spare parts (as defined in Section 40102 of the Federal Aviation Act) 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 the life of the flight equipment to which they are related.", "snippet_links": [{"key": "spare-parts", "type": "clause", "offset": [12, 23]}, {"key": "defined-in-section", "type": "clause", "offset": [28, 46]}, {"key": "federal-aviation-act", "type": "clause", "offset": [60, 80]}, {"key": "in-accordance-with", "type": "definition", "offset": [88, 106]}, {"key": "original-equipment-manufacturer", "type": "definition", "offset": [124, 155]}, {"key": "serviceable-condition", "type": "definition", "offset": [224, 245]}, {"key": "flight-equipment", "type": "definition", "offset": [290, 306]}], "size": 2, "samples": [{"hash": "hX3NCc9ee4J", "uri": "/contracts/hX3NCc9ee4J#rotables", "label": "Security Agreement (Hawaiian Holdings  Inc)", "score": 19.0, "published": true}, {"hash": "55Htmb6Gch0", "uri": "/contracts/55Htmb6Gch0#rotables", "label": "Security Agreement (Hawaiian Holdings  Inc)", "score": 19.0, "published": true}], "hash": "80f7eae9e12e55b908bd0ad95ed44209", "id": 5}, {"snippet": "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.", "snippet_links": [{"key": "spare-parts", "type": "clause", "offset": [6, 17]}, {"key": "over-time", "type": "clause", "offset": [28, 37]}, {"key": "serviceable-condition", "type": "definition", "offset": [74, 95]}, {"key": "period-of-time", "type": "clause", "offset": [103, 117]}, {"key": "flight-equipment", "type": "definition", "offset": [148, 164]}, {"key": "including-without-limitation", "type": "clause", "offset": [187, 215]}], "size": 1, "samples": [{"hash": "8ZxHZTGnDNe", "uri": "/contracts/8ZxHZTGnDNe#rotables", "label": "Master Aircraft Loan and Security Agreement (Erickson Air-Crane Inc)", "score": 21.3586578369, "published": true}], "hash": "279e57089d0d8e98eb6c4de4e770ae04", "id": 6}, {"snippet": "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.", "snippet_links": [{"key": "spare-parts", "type": "clause", "offset": [34, 45]}, {"key": "over-time", "type": "clause", "offset": [56, 65]}, {"key": "serviceable-condition", "type": "definition", "offset": [102, 123]}, {"key": "period-of-time", "type": "clause", "offset": [131, 145]}, {"key": "flight-equipment", "type": "definition", "offset": [176, 192]}, {"key": "consist-of", "type": "clause", "offset": [229, 239]}, {"key": "the-parties-hereto-agree-that", "type": "clause", "offset": [476, 505]}, {"key": "spare-engines", "type": "definition", "offset": [506, 519]}, {"key": "not-included", "type": "clause", "offset": [524, 536]}, {"key": "the-definition-of", "type": "definition", "offset": [540, 557]}, {"key": "the-parties-hereto-further-agree-that", "type": "clause", "offset": [624, 661]}, {"key": "the-lien", "type": "clause", "offset": [662, 670]}, {"key": "security-agreement", "type": "clause", "offset": [679, 697]}], "size": 1, "samples": [{"hash": "kVAHPbi7ncz", "uri": "/contracts/kVAHPbi7ncz#rotables", "label": "Security Agreement (Pinnacle Airlines Corp)", "score": 18.0, "published": true}], "hash": "211aca898b7ba4966eda5e0f298ac562", "id": 7}, {"snippet": "means the rotable Parts used for the Aircraft that are not expendable aircraft components and Parts.", "snippet_links": [{"key": "parts-used", "type": "clause", "offset": [18, 28]}, {"key": "the-aircraft", "type": "clause", "offset": [33, 45]}, {"key": "aircraft-components", "type": "clause", "offset": [70, 89]}], "size": 1, "samples": [{"hash": "kLGlH49OWxm", "uri": "/contracts/kLGlH49OWxm#rotables", "label": "Membership Interest Purchase Agreement (Harbor Diversified, Inc.)", "score": 37.2655715264, "published": true}], "hash": "1cee43ab1854190419fe97f48f80e079", "id": 8}, {"snippet": "Work in Process\" and \"Other\" inventory (the \"Inventory\") reflected on the May 31 Balance Sheet is (or was prior to the sale thereof) substantially suitable, usable, or (in the case of work in process and finished goods) salable at market prices in the ordinary course of business and have been valued at the lower of cost (on a FIFO basis) or market, in accordance with GAAP. The quantity of the Company's Inventory on hand at the Closing Date will be at levels substantially consistent with the requirements of then outstanding sales Commitments or current sales projections of the Company.", "snippet_links": [{"key": "work-in-process", "type": "definition", "offset": [0, 15]}, {"key": "balance-sheet", "type": "clause", "offset": [81, 94]}, {"key": "the-sale", "type": "clause", "offset": [115, 123]}, {"key": "in-the-case", "type": "clause", "offset": [169, 180]}, {"key": "of-work", "type": "clause", "offset": [181, 188]}, {"key": "finished-goods", "type": "definition", "offset": [204, 218]}, {"key": "market-prices", "type": "clause", "offset": [231, 244]}, {"key": "in-the-ordinary-course-of-business", "type": "definition", "offset": [245, 279]}, {"key": "fifo-basis", "type": "definition", "offset": [328, 338]}, {"key": "in-accordance-with", "type": "definition", "offset": [351, 369]}, {"key": "of-the-company", "type": "clause", "offset": [389, 403]}, {"key": "inventory-on-hand", "type": "clause", "offset": [406, 423]}, {"key": "at-the-closing-date", "type": "clause", "offset": [424, 443]}, {"key": "the-requirements", "type": "clause", "offset": [492, 508]}, {"key": "sales-commitments", "type": "definition", "offset": [529, 546]}, {"key": "sales-projections", "type": "definition", "offset": [558, 575]}], "size": 1, "samples": [{"hash": "a8hx7kLjqdN", "uri": "/contracts/a8hx7kLjqdN#rotables", "label": "Purchase and Sale Agreement (Gulfstream Aerospace Corp)", "score": 18.0, "published": true}], "hash": "566847fc26d5cef1975562cb86a1f766", "id": 9}, {"snippet": "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.", "snippet_links": [{"key": "of-aircraft", "type": "clause", "offset": [25, 36]}, {"key": "spare-parts", "type": "clause", "offset": [41, 52]}, {"key": "intended-use", "type": "definition", "offset": [118, 130]}, {"key": "acceptance-by", "type": "clause", "offset": [205, 218]}, {"key": "original-purchaser", "type": "definition", "offset": [219, 237]}, {"key": "conformity-with", "type": "clause", "offset": [305, 320]}, {"key": "approved-by", "type": "definition", "offset": [355, 366]}, {"key": "original-manufacturer", "type": "definition", "offset": [371, 392]}, {"key": "federal-aviation", "type": "definition", "offset": [400, 416]}, {"key": "time-of-shipment", "type": "clause", "offset": [468, 484]}, {"key": "of-the-owner", "type": "clause", "offset": [561, 573]}, {"key": "fit-and-proper", "type": "definition", "offset": [592, 606]}, {"key": "as-specified", "type": "clause", "offset": [676, 688]}, {"key": "in-addition-to", "type": "clause", "offset": [719, 733]}, {"key": "auxiliary-power", "type": "clause", "offset": [830, 845]}, {"key": "landing-gear", "type": "clause", "offset": [856, 868]}], "size": 1, "samples": [{"hash": "kH62l3iqo5G", "uri": "/contracts/kH62l3iqo5G#rotables", "label": "Inventory, Marketing and Sales Agreement", "score": 26.38945961, "published": true}], "hash": "bcaceb134f6b1cac66db0cfa6a2ce06f", "id": 10}], "next_curs": "ClUST2oVc35sYXdpbnNpZGVyY29udHJhY3RzcjELEhpEZWZpbml0aW9uU25pcHBldEdyb3VwX3Y1NiIRcm90YWJsZXMjMDAwMDAwMGEMogECZW4YACAA", "definition": {"snippet": "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.", "size": 33, "title": "Rotables", "id": "rotables", "examples": ["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 <strong>Rotables</strong> 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.", "Used collectively to describe all Parts, Components, Expendables, <strong>Rotables</strong> and supplies required for the maintenance of the Equipment.", "In the case of <strong>Rotables</strong> only, an inspection of the <strong>Rotables</strong> conducted as part of an Approved Appraisal shall mean an inspection of a sample of the <strong>Rotables</strong> by the Approved Appraiser for the purpose of determining the accuracy of the inventory reports maintained by the Company for the <strong>Rotables</strong>.", "In addition, if the portion of the Borrowing Base attributable to the <strong>Rotables</strong> exceeds fifty percent (50%) of all Borrowing Base Collateral as determined in any monthly calculation of the Borrowing Base contained in a Borrowing Base Certificate, such excess amount shall be excluded from the calculation of the Borrowing Base for such month.", "If such updated Borrowing Base Certificate certifies that an Adjustment Event has not occurred, it shall make an appropriate adjustment in the book value of the affected <strong>Rotables</strong>, as certified in such Borrowing Base Certificate, to take into account the loss or damage to the affected <strong>Rotables</strong> and shall specify the amount of such adjustment for purposes of calculating the Borrowing Base Value of the <strong>Rotables</strong>.", "If the Company fails to deliver such updated Borrowing Base Certificate by such date, it shall be deemed to have delivered an updated Borrowing Base Certificate certifying that such event is an Adjustment Event of the affected <strong>Rotables</strong>.", "Notwithstanding anything herein to the contrary, all <strong>Rotables</strong> and Key Repairables and, to the extent customary, Expendables, located at Designated Spare Parts Locations other than as excluded under clause (x), (y) or (z) above, shall have a current and valid serviceable tag and shall be in compliance with such tag, in each case in compliance with applicable FAA regulations.", "Such notice shall identify the location and type (to the extent reasonably possible) of the affected <strong>Rotables</strong>, describe the event of loss or damage and include an estimate of whether such loss or damage can reasonably be expected to exceed $10,000,000.", "If such updated Borrowing Base Certificate certifies that an Adjustment Event has occurred, it shall exclude from the Borrowing Base the book value of the <strong>Rotables</strong> subject to the Adjustment Event and shall specify the amount of such book value excluded for purposes of calculating the Borrowing Base Value of the <strong>Rotables</strong>.", "Schedule I is in all material respects a true and correct summary description by type of all Parts Collateral located at any Designated Location (as defined in Section 3.2(d) hereof; such Parts Collateral located at Designated Locations being referred to herein as the &quot;<strong>Rotables</strong>&quot;) owned by the Company as of October 31, 1997."], "related": [["spares", "Spares", "Spares"], ["consumables", "Consumables", "Consumables"], ["engines", "Engines", "Engines"], ["appliances", "Appliances", "Appliances"], ["enplanements", "Enplanements", "Enplanements"]], "related_snippets": [], "updated": "2026-04-10T04:42:41+00:00"}, "json": true, "cursor": ""}}