Section 1110 definition

Section 1110 means Section 1110 of the Bankruptcy Code.

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Section 1110 means 11 U.S.C. Section 1110 of the Bankruptcy Code or any successor or analogous section of the federal bankruptcy law in effect from time to time.

Section 1110 means 11 U.S.C. ss. 1110 of the Bankruptcy Code or any successor or analogous section of the federal bankruptcy Law in effect from time to time.

Examples of Section 1110 in a sentence

• It is the intention of each of the Company, the Noteholders (such intention being evidenced by each of their acceptance of an Equipment Note), the Loan Trustee and the other parties hereto that the security interest created by the Indenture, to the fullest extent available under applicable law, entitles the Loan Trustee, on behalf of the Noteholders, to all of the benefits of Section 1110 with respect to the Aircraft, Airframe, Engines and Parts.

• The Loan Trustee shall be entitled to the benefits of Section 1110 with respect to the Aircraft being subjected to the Lien of the Indenture on the Closing Date.

• It is the intention of the parties hereto that the security interest created hereby, to the fullest extent available under applicable law, entitles the Loan Trustee, on behalf of the Noteholders, to all of the benefits of Section 1110 with respect to the Aircraft.

• Any disputes shall be resolved in accordance with Section 11.10 and 11.11 of this Agreement.

• The Company shall, for as long as and to the extent required under Section 1110 in order that the Loan Trustee shall be entitled to any of the benefits of Section 1110 with respect to the Aircraft, remain a Certificated Air Carrier.

More Definitions of Section 1110

Section 1110 means Section 1110 of the Bankruptcy Code, as in effect on the Closing Date or any successor or analogous section of the federal bankruptcy law in effect from time to time.

Section 1110. Section 1110 of the United States Bankruptcy Code, or any successor section of the United States federal bankruptcy Law in effect from time to time.

Section 1110. Lessee acknowledges that Lessor would not have entered into this Lease unless it had available to it the benefits of a lessor under Section 1110 of Title 11 of the United States Code. Lessee and Lessor hereby state that this Lease is intended to be a true lease for U.S. Internal Revenue Code purposes. Lessee covenants and agrees with Lessor that to better ensure the availability of such benefits, Lessee shall support any motion, petition or application filed by Lessor with any bankruptcy court having jurisdiction over Lessee, whereby Lessor seeks recovery of possession of the Aircraft under said Section 1110 and shall not in any way oppose such action by Lessor unless Lessee shall have complied with the requirements of said Section 1110 to be fulfilled in order to entitle Lessee to continued use and possession of the Aircraft hereunder. In the event said Section 1110 is amended, or if it is repealed and another statute is enacted in lieu thereof, Lessor and Lessee agree to amend this Lease and take such other action not inconsistent with this Lease as Lessor reasonably deems necessary so as to afford to Lessor the rights and benefits as such amended or substituted statute confers upon owners and lessors of aircraft similarly situated to Lessor.

Section 1110 means Section 1110 of the Bankruptcy Code. 6 To be inserted for Airbus A321 aircraft. 7 To be inserted for Boeing 737-823 aircraft. 8 To be inserted for Boeing 787-9 aircraft. 9 To be inserted for Embraer ERJ 175 LR aircraft.

Section 1110 has the meaning given in Section 18.7.

Section 1110 means Section 1110 of the Bankruptcy Code. Collateral Maintenance Agreement

Section 1110. With respect to Engines and Spare Parts that constitute Collateral first placed into service after October 22, 1994, Grantor acknowledges and agrees that the Security Interest created in favor of Agent under this Agreement entitles Agent, for the benefit of the Lender Group, to all of the benefits of Section 1110 of the Bankruptcy Code with respect to all such Engines and Spare Parts constituting an "aircraft engine," "propeller," "appliance" or "spare engine," as such terms are defined in Section 40102 of the Transportation Code. Grantor will take such further actions, including the execution and delivery of such additional agreements and other documents as may, in the reasonable opinion of Agent, be advisable to provide Agent with the benefits of Section 1110 of the Bankruptcy Code. Grantor shall ensure that except as otherwise disclosed on Schedule 1.1 hereto, all Spare Parts that constitute Collateral shall have been first placed in service after October 22, 1994.