SAR Contract definition
Examples of SAR Contract in a sentence
The purchase option fixed sums under the SAR Contract set out in Schedule 7.2 of the Change Control Note 29 and provided to the Security Agent prior to the date hereof are true and correct.
Each of the Agent and the Security Agent agrees and acknowledges that (i) certain provisions set forth in Schedule 1 attached hereto are part of the SAR Contract; and (ii) such provisions, in the event of inconsistency with the provisions of the Facility Agreement, shall control and affect the rights of the parties under the Facility Agreement; and (iii) the Department has certain rights that affect the parties rights under the Facility Agreement as set forth in such provisions.
In connection with the SAR Contract, each of the Agent and the Security Agent shall comply with all safety precautions necessary for its protection and the protection of any other persons, including all precautions required to be taken by or under or pursuant to any Act of Parliament.
Upon written request by Contractor to the Administrative Agent and the Security Trustee, each of the Administrative Agent and the Security Trustee agrees to provide Contractor or the Department such information as will permit the Department to audit the Administrative Agent’s or such Security Trustee’s compliance with this subsection and enable Contractor to make the certifications it is required to make under the SAR Contract.
Each of the Administrative Agent and the Security Trustee agrees and acknowledges that (i) certain provisions set forth in Schedule 1 attached hereto are part of the SAR Contract; and (ii) such provisions, in the event of inconsistency with the provisions of the Credit Agreement, shall control and affect the rights of the parties under the Credit Agreement; and (iii) the Department has certain rights that affect the parties rights under the Credit Agreement as set forth in such provisions.
In connection with the SAR Contract, each of the Administrative Agent and the Security Trustee shall comply with all safety precautions necessary for its protection and the protection of any other persons, including all precautions required to be taken by or under or pursuant to any Act of Parliament.
Notwithstanding the foregoing, the Specified Aircraft SPVs shall not sell or otherwise transfer any Specified Aircraft, or assign any Specified Aircraft Leases, to any of the Borrower or any of its Subsidiaries or to any other Person, except as required by the U.K. SAR Contract.
For purposes of this paragraph (b) of this Clause 19.1 (Provisions relating to SAR Contract), the term “Replacement Contractor” shall have the meaning for such term set forth in Section 10 of the SAR Addendum.
The Loan Parties will not, and will not permit any of their Subsidiaries to, amend, modify or waive (a) any of its rights under its certificate of incorporation, bylaws or other organizational documents in a manner materially adverse to the interests of the Lenders, (b) any Material Contract that would be materially adverse to the interests of the Loan Parties or the Lenders thereunder or (c) any material terms under the U.K. SAR Contract in a manner materially adverse to the interests of the Lenders.
The Borrower shall procure that BHL will not exercise its termination right under any of the SAR Contract or UKSAR2G Contract throughout the duration of the Security Period without the Security Agent’s prior written consent (such consent not to be unreasonably withheld or delayed).