Remaining Time Sample Clauses

Remaining Time. If, at the time of return of the Aircraft, the Airframe is not being maintained under a continuous maintenance program, then the Airframe shall have remaining until the next scheduled "C" check at least 25% of the allowable hours between "C" checks permitted under the Lessee's FAA-approved maintenance program. If, at the time of return of the Aircraft, the Airframe is subject to a continuous maintenance program, there will be no time-before-overhaul requirement. If, at the time of return of the Aircraft, the Engines are not being maintained under an on-condition maintenance program, then the average number of hours on such Engines remaining until the next scheduled engine heavy maintenance visit shall be at least 25% of the allowable hours between engine heavy maintenance visits permitted under the Lessee's FAA-approved maintenance program. If, at the time of return of the Aircraft, the Engines are subject to an on-condition maintenance program, there will be no time-before-overhaul requirement. With respect to maintenance under the Lessee's FAA-approved maintenance program, the Lessee shall have treated the Aircraft in a nondiscriminatory manner with other Airbus A300-600 series aircraft in the Lessee's fleet, and the Aircraft shall be free and clear of all Liens and rights of others other than Lessor's Liens and shall be in compliance in every material respect with the Lessee's maintenance program as if the Term were not ending.
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Remaining Time. If, at the time of return of the Aircraft, the Airframe is not being maintained under a continuous maintenance program, then the Airframe shall have remaining until the next scheduled "C" check at least 25% of the allowable hours between "C" checks permitted under the Lessee's FAA-approved maintenance program (or other permitted maintenance program). If, at the time of return of the Aircraft, the Engines or engines are not being maintained under an on-condition maintenance program, then the average number of hours of operation on such Engines or engines remaining until the next scheduled engine heavy maintenance visit under the Lessee's FAA-approved maintenance program (or other permitted maintenance program) shall be at least 25% of the allowable hours between engine heavy maintenance visits. With respect to maintenance under the Lessee's FAA-approved maintenance program, the Lessee shall have treated the Aircraft in a nondiscriminatory manner with other Airbus A300-600 series aircraft in the Lessee's fleet, and the Aircraft shall be free and clear of all Liens and rights of others other than Lessor's Liens and shall be in compliance in every material respect with the Lessee's FAA-approved maintenance program as if the Term were not ending.
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Related to Remaining Time

  • Option Period (a) Subject to section 2(b), the Optionee shall have the right to purchase all or any portion of the optioned Common Stock at any time during the period ("Option Period") commencing on the Earliest Exercise Date and ending on the earliest to occur of the following dates:

  • End Date Parent Group's obligations pursuant to this Section 3.8 shall continue until the earlier of Separation or the first anniversary of the Closing Date, unless extended in accordance with Section 11 of the Agreement.

  • Best Efforts/Full-time Executive will expend Executive’s best efforts on behalf of Company, and will abide by all policies and decisions made by Company, as well as all applicable federal, state and local laws, regulations or ordinances. Executive will act in the best interest of Company at all times. Executive shall devote Executive’s full business time and efforts to the performance of Executive’s assigned duties for Company, provided that Executive may continue to serve on the boards of directors of other companies so long as such service is in accordance with the Company’s policies governing such activities.

  • Retention Period Unless earlier terminated as hereinafter provided, this Agreement shall commence on the Effective Date hereof and shall end on March 31, 2016 (the “Retention Period”). This Agreement shall not be considered an employment agreement and in no way guarantees Executive the right to continue in the employment of the Employer or its affiliates. Executive’s employment is considered employment at will, subject to Executive’s right to receive payments upon certain terminations of employment as provided below.

  • Start Date The Executive’s employment with the Company shall commence on March 30, 2018 (the “Start Date”).

  • months All unpaid principal and accrued and unpaid interest with respect to each Term Loan is due and payable in full on the Maturity Date. Each Term Loan may only be prepaid in accordance with Sections 2.2(c) and 2.2(d).

  • Vesting Period The vesting period of the Restricted Stock (the “Vesting Period”) begins on the Grant Date and continues until such date as is set forth on Schedule A as the date on which the Restricted Stock is fully vested. On the first Annual Vesting Date following the date of this Agreement and each Annual Vesting Date thereafter the number of shares of Restricted Stock equal to the Annual Vesting Amount shall become vested, subject to earlier forfeiture as provided in this Agreement. To the extent that Schedule A provides for amounts or schedules of vesting that conflict with the provisions of this paragraph, the provisions of Schedule A will govern. Except as permitted under Section 10, the shares of Restricted Stock for which the applicable Vesting Period has not expired may not be sold, assigned, transferred, pledged or otherwise disposed of or encumbered (whether voluntary or involuntary or by judgment, levy, attachment, garnishment or other legal or equitable proceeding). The Employee shall not have the right to receive cash dividends paid on shares of Restricted Stock for which the applicable Vesting Period has not expired. In lieu thereof, the Employee shall have the right to receive from the Company an amount, in cash, equal to the cash dividends payable on shares of Restricted Stock for which the applicable Vesting Period has not expired, provided the Employee is employed by the Company on the payroll date coinciding with or immediately following the date any such cash dividends are paid on the Restricted Shares. The Employee shall have the right to vote the Restricted Stock, regardless of whether the applicable Vesting Period has expired.

  • Date of Grant The date that the Option is granted (the “Date of Grant”) is set forth above.

  • Grant Date The Grant Date of the Option hereby granted is .

  • Full Time and Best Efforts Subject to the terms set forth herein, the Company agrees to employ Executive in a management capacity and Executive hereby accepts such employment. During the term of employment, Executive will devote Executive’s full time, best efforts and attention to the performance of Executive’s duties hereunder and to the business and affairs of the Company.

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