Maintenance Reserves definition

Maintenance Reserves means maintenance reserves or other supplemental rent payments based on usage of the Aircraft payable by the lessee under any Lease for purposes of reserving for the payments with respect to the future maintenance and repair of the related Aircraft.

Maintenance Reserves means rent (whether called maintenance reserves, additional rent, supplemental rent, utilization rent or any similar term) that is in addition to a base rent for the Aircraft (regardless of how such base rent is calculated) payable under a Lease based on hours or cycles of operation of the airframe, engines, life-limited engine parts, landing gear and/or auxiliary power unit of an Aircraft, with respect to maintenance of which the lessor under the Lease customarily has a maintenance contribution obligation measured in part by or with reference to such Maintenance Reserves.

Maintenance Reserves has the meaning given to it in the Lease;

Examples of Maintenance Reserves in a sentence

• Realized investment gains and losses were reduced by amounts transferred to Interest Maintenance Reserves (“IMR”) and are reflected as an element of net income, net tax.

• The Company believes that the most critical accounting policies include the following: Aircraft Capitalization and Depreciation; Impairment of Long-lived Assets; Maintenance Reserves and Accrued Costs; Accounting for Income Taxes; and Revenue Recognition, Accounts Receivable and Allowance for Doubtful Accounts.

• Maintenance Reserves ratios and definitions (if requested in the proposal).

• In the event Lessor, Owner or Owner Participant files a voluntary petition for bankruptcy, insolvency or liquidation, or an involuntary petition for bankruptcy, insolvency or liquidation has been filed against Lessor, Owner or Owner Participant and such involuntary petition has been in effect and unstayed for at least ninety (90) days, any Rent due and payable by the Lessee may, at Lessee’s election, be offset by any Prior Maintenance Reserves held by Lessor.

• Note 10 – Fuel Fuel costs for year 2013/14 is budgeted at $18,210, being no significant change over prior year’s actual of $18,240k Note 11 – Maintenance Reserves The company will have to pay monthly reserves for scheduled maintenance items in addition to the annual airframe (engines, disks, landing gear, etc) for the leased aircraft as “additional rent.” The budget amount for 2013/14 of $2,186K is driven by the schedule.

More Definitions of Maintenance Reserves

Maintenance Reserves means, collectively, as of any given time, the then current balance of payments received from Lessee and held by Lessor, net of disbursements, made pursuant to the terms of Appendix 2C to the 6 Year HMV Check Airframe Reserve, 12 Year HMV Check Airframe Reserve, Engine Restoration Reserves, Engine Life Limited Parts Reserves, Landing Gear Overhaul Reserve and APU Overhaul Reserve.

Maintenance Reserves has the meaning assigned to such term in the Asset Purchase Agreement.

Maintenance Reserves means the maintenance reserves under each of the Leases.

Maintenance Reserves means, in respect of any LILO Contract, any security deposit or other payment made by Sellers or any of their Affiliates as collateral or security, or any cash deposits or cash reserves paid by Sellers or any of their Affiliates for repair and maintenance of the LILO Cars, in each case to the extent existing immediately prior to the Closing Date in respect of such LILO Contract and listed on Schedule 1.4 hereto.

Maintenance Reserves means all amounts payable pursuant to Clause 9; Manufacturer means the Boeing Company, a Delaware Corporation with its principal office in the City of Seattle, State of Washington, United States of America; Minimum Liability Coverage has the meaning ascribed to it in Schedule 2;

Maintenance Reserves has the meaning given to it in Part 2 of Appendix 5.

Maintenance Reserves means the aggregate of