Selected Conversion Entity definition

Selected Conversion Entity means one of the following entities (as selected by the Calculation Agent for conversions relating to the payment of Instalment Amounts and the Final Redemption Amount or the Disposal Agent for conversions relating to the Early Redemption Amount) which offers the cheapest rate for the conversion of the relevant amount: (i) the Custodian; (ii) the sub-custodian; (iii) the Calculation Agent (for conversions relating to the Instalment Amounts or the Final Redemption Amount) or the Disposal Agent (for conversions relating to the Early Redemption Amount); or (iv) a third party agent appointed by the Calculation Agent or the Disposal Agent (as applicable).

Selected Conversion Entity means the entity selected by LAAM to perform the conversion works that are required to convert existing CL-215 or CL-215T aircraft into the Purchased Aircraft, which entity may be Viking Air, Ltd., as determined by Purchaser in its sole and absolute discretion;

Selected Conversion Entity means one of the following entities (as selected by the Calculation Agent for conversions relatingthtoe Instalment Amounts or the Disposal Agent

Examples of Selected Conversion Entity in a sentence

• If such conversion is delayed, the Selected Conversion Entity will convert the relevant EGP amounts into USD as soon as reasonably practicable after the relevant FX Valuation Date.

• The standard limited Converted Aircraft Warranty Policy provided by the Selected Conversion Entity shall be assigned from LAAM to the Purchaser upon Closing, and is contained within Schedule B of this Agreement and is subject to the conditions and limitations expressed therein.

• Viking and the Selected Conversion Entity are intended third party beneficiaries of this Agreement.

• Viking hereby acknowledges and represents that it has made certain warranties in Schedule B with respect to the conformity of the Purchased Aircraft with the Specifications, as supplemented by the Purchaser Selected Optional Features for the applicable Purchased Aircraft, and Viking hereby confirms, ratifies and authorizes such warranties, and acknowledges and confirms that it may be selected by Purchaser to serve as the Selected Conversion Entity.