Substitute Airframe definition

Substitute Airframe means an Airbus A321 aircraft or a comparable or improved model of Manufacturer (except (a) Engines or engines from time to time installed thereon and any and all Parts related to such Engine or engines and (b) Excluded Equipment), that shall have been made subject to the Lien of the Indenture pursuant to Section 7.04 thereof, together with all Parts relating to such aircraft.

Substitute Airframe with respect to any Indenture, has the meaning specified in such Indenture.

Substitute Airframe means [an Airbus A319]11 [an Airbus A321]12 [a Boeing 777-200ER]13 aircraft (except (a) Engines or engines from time to time installed thereon and any and all Parts related to such Engine or engines and (b) items installed or incorporated in or attached to such airframe from time to time that are excluded from the definition of Parts by clauses (b), (c), (d) and (e) thereof), that shall have been made subject to the Lien of the Indenture pursuant to Section 7.04 thereof, together with all Parts relating to such aircraft.

Examples of Substitute Airframe in a sentence

• For all purposes hereof, upon the attachment of the Lien of this Indenture thereto, the Substitute Airframe shall become part of the Collateral and shall be deemed an “Airframe” as defined herein.

• So long as no Event of Default shall have occurred and be continuing, Owner shall have the right at its option at any time, on at least ten (10) Business Days’ prior notice to Mortgagee, to substitute a Substitute Airframe for the Airframe.

• If the Subordination Agent, in its capacity as a holder of Equipment Notes issued under an Indenture, receives a notice of substitution of a Substitute Airframe (as defined in such Indenture) pursuant to Section 4.04(f) of such Indenture, the Subordination Agent shall promptly (i) provide a copy of such notice to each Trustee and each Rating Agency and (ii) on behalf of each Trustee make available such notice to all Certificateholders.

• No.] Manufacturer) and (iii) the Substitute Airframe has a MCMV (as defined below) at least equal to the MCMV of the Airframe being replaced by the Substitute Airframe (assuming that the Airframe had been maintained in accordance with the Indenture), in each case as determined by a desktop appraisal dated as of a date within the 60-day period prior to the substitution performed by an Appraiser selected by the Company.

• For all purposes hereof, upon the attachment of the Lien of this Trust Indenture thereto, the Substitute Airframe shall become part of the Collateral and shall be deemed an “Airframe” as defined herein.

More Definitions of Substitute Airframe

Substitute Airframe means any airframe substituted for the Airframe pursuant to Section 4.04(f) of the Trust Indenture.

Substitute Airframe means an Airbus [A320-200]28[A321-200]29aircraft or a comparable or improved model of Manufacturer (except (a) Engines or engines from time to time installed thereon and any and all Parts related to such Engine or engines and (b) Excluded 28 To be inserted for an A320-200 aircraft. 29 To be inserted for an A321-200 aircraft. 18 Indenture and Security Agreement (Spirit 2017-1 EETC) [Reg. No.] Equipment), that shall have been made subject to the Lien of the Indenture pursuant to Section 7.04 thereof, together with all Parts relating to such aircraft.

Substitute Airframe has the meaning specified in Section 6.11.

Substitute Airframe means a C Series Aircraft Limited Partnership CS100 aircraft or a comparable or improved model of Manufacturer (except ( a ) Engines or engines from time to time installed thereon and any and all Parts related to such Engine or engines and ( b ) Excluded Equipment), that shall have been made subject to the Lien of the Indenture pursuant to Section 7.04 thereof, together with all Parts relating to such aircraft.

Substitute Airframe means [an Airbus A319]14 [a Boeing 737-800]15 [a Boeing 777-300ER]16 [a Boeing 787-8]17 [an Embraer ERJ 175 LR]18 aircraft (except (a) Engines or engines from time to time installed thereon and any and all Parts related to such Engine or engines and (b) items installed or incorporated in or attached to such airframe from time to time that are excluded from the definition of Parts by clauses (b), (c), (d) and (e) thereof), that shall have been made subject to the Lien of the Indenture pursuant to Section 7.04 thereof, together with all Parts relating to such aircraft.

Substitute Airframe means [an Airbus A319]17 [an Airbus A321]18 [a Boeing 737-800]19 [a Boeing 777-300ER]20 [a Boeing 787-8]21 aircraft (except (a) Engines or engines from time to time installed thereon and any and all Parts related to such Engine or engines and (b) items installed or incorporated in or attached to such airframe from time to time that are excluded from the definition of Parts by clauses (b), (c), (d) and (e) thereof), that shall have been made subject to the Lien of the Indenture pursuant to Section 7.04 thereof, together with all Parts relating to such aircraft.

Substitute Airframe means an Embraer ERJ 170-200LR aircraft or a comparable or improved model of Manufacturer (except (a) Engines or engines from time to time installed thereon and any and all Parts related to such Engine or engines and (b) Excluded Equipment), that shall have been made subject to the Lien of the Indenture pursuant to Section 7.04 thereof, together with all Parts relating to such aircraft.