Spare Parts Locations means any of the locations at which Spare Parts are held by or on behalf of the Borrower and which are designated in accordance with relevant Aviation Authority requirements.
Spare Parts Locations means any of the locations designated from time to time by the Grantor at which Spare Parts are maintained by or on behalf of the Grantor, which initially shall be the locations set forth on Schedule I hereto and shall include the additional locations designated by the Grantor in any Security Agreement Supplement.
Spare Parts Locations has the meaning set forth in any applicable Spare Parts Security Agreement.
Examples of Spare Parts Locations in a sentence
Each Grantor represents, warrants and agrees that all of Comair’s Spare Parts and all of the Borrower’s Spare Parts relating to or used in connection with General Electric Model CF34 engines shall be maintained by or on behalf or such Grantor at one or more of the Designated Spare Parts Locations.
Segregate all of its Pledged Spare Parts from any Spare Parts which are subject to any consignment arrangement, and shall keep all Spare Parts not so subject to a consignment arrangement in Spare Parts Locations, except to the extent permitted in the Second Lien Aircraft Mortgage.
Each Debtor owning any Spare Parts represents that at least 80% of the book value of all Spare Parts owned by the Debtors will be maintained by or on behalf of Allegiant Air, LLC at the Spare Parts Locations.
Each Grantor will carry or cause to be carried at all times, at no expense to Collateral Agent, with insurers of recognized responsibility property insurance covering the Designated Spare Parts Locations where any Pledged Spare Parts shall be located.
More Definitions of Spare Parts Locations
Spare Parts Locations shall have the meaning set forth in the First Lien Aircraft Mortgage.
Spare Parts Locations means any of the locations described in the initial Mortgage Supplement, and any subsequent Mortgage Supplement at which Pledged Spare Parts are held by or on behalf of the Grantor.
Spare Parts Locations means the spare parts locations as identified on Schedule 2. “U.S. Air Carrier” means any United States air carrier as to which there is in force a certificate issued pursuant to Section 41102(a) of the Federal Aviation Act, and holding an air carrier operating certificate issued by the Secretary of Transportation pursuant to chapter 447 of title 49 of the U.S. Code for aircraft capable of carrying 10 or more individuals or 6,000 pounds or more of cargo. “U.S. Person” means a Person which is duly organized under the laws of a state of the United States of America and has its principal place of business and principal base of operation within the United States. Article 2.
Spare Parts Locations shall have the meaning set forth in the Second Lien Aircraft Mortgage. “Specified Jet Fuel Action” shall mean, if the transactions effected pursuant to the Jet Fuel Inventory Supply Agreement are re-characterized as Indebtedness owed by the Borrower, any action by the Jet Fuel Counterparty, as secured party, to the extent such action seeks to foreclose (or obtain a lien) on the Jet Fuel Assets. “Specified Permitted Collateral Liens” shall mean Permitted Collateral Liens (other than Liens permitted under clauses (c)(i) (other than any such Liens that are non-consensual or imposed by law), (c)(ii) and (e) of the definition of Permitted Liens and clause (j) of the definition of Permitted Liens (to the extent related to such other specified clauses of such definition) and clauses (m), (n) and (u) of Section 6.01 and clause (s) of Section 6.01 (to the extent related to such other specified clauses of Section 6.01)). “Statutory Reserve Rate” shall mean a fraction (expressed as a decimal), the numerator of which is the number one and the denominator of which is the number one minus the aggregate of the maximum reserve percentages (including any marginal, special, emergency or supplemental reserves) expressed as a decimal established by the Board to which the Administrative Agent is subject with respect to the LIBO Rate, for eurocurrency funding (currently referred to as “Eurocurrency Liabilities” in Regulation D of the Board). Such reserve percentages shall include those imposed pursuant to such Regulation D. Eurodollar Loans shall be deemed to constitute eurocurrency funding and to be subject to such reserve requirements without benefit of or credit for proration, exemptions or offsets that may be available from time to time to any Lender under such Regulation D or any comparable regulation. The Statutory Reserve Rate shall be adjusted automatically on and as of the effective date of any change in any reserve percentage. “Subordinations” shall have the meaning given in the Cape Town Convention. “Subsidiary” shall mean, with respect to any Person (in this definition referred to as the “parent”), any corporation, association or other business entity (whether now existing or hereafter organized) of which at least a majority of the securities or other ownership or membership interests having ordinary voting power for the election of directors is, at the time as of which any determination is being made, owned or controlled by the parent or one or more subsidiaries of...
Spare Parts Locations means the spare parts locations as identified on Schedule 2.
Spare Parts Locations has the meaning assigned to such term in the Aircraft Security Agreement.
Spare Parts Locations means the locations where Spare Parts are maintained by or on behalf of the Borrower and described in Schedule I hereto or in Schedule I to a Supplement.