Slots, Gates and Routes Clause Samples

The "Slots, Gates and Routes" clause defines the allocation and use of airport resources such as takeoff and landing slots, boarding gates, and flight routes between the contracting parties. It typically outlines which party is responsible for securing and maintaining these operational permissions and facilities, and may specify procedures for transferring or sharing them as needed for the performance of the agreement. This clause ensures that both parties have clear responsibilities regarding access to essential airport infrastructure, thereby minimizing operational disruptions and clarifying risk allocation related to flight scheduling and airport logistics.
Slots, Gates and Routes. (a) Set forth on Schedule 4.22 is a complete and accurate list of all Slots, Gates, and Routes used, held by, contracted or licensed to, Parent and its Subsidiaries as of the Closing Date. (b) Parent, Borrower, and Borrower's Subsidiaries are utilizing the Slots, Gates and Routes in a manner consistent with applicable contracts governing such Slots, Gates and Routes and applicable laws (including the rules and regulations of the FAA, the DOT or any other Governmental Authority or airport authority) in order to maintain its right to use such Slots, Gates and Routes and where the failure to so maintain its right to use such Slots, Gates, and Routes would materially impair the Collateral. None of Parent, Borrower, or any of Borrower's Subsidiaries has received any notice from any Governmental Authority, or is aware of any other event or circumstance, that would be reasonably likely to materially impair, or have a potential adverse effect upon, the utilization of the Slots, Gates and Routes.
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Slots, Gates and Routes. (a) Utilize each of its Slots, Gates, and Routes (or cause to be utilized in case of any sublicence or sublease thereof permitted by this Agreement) in accordance with applicable contracts governing such Slot, Gate, or Route and applicable law (including any minimum utilization requirements under the rules and regulations of the FAA, the DOT or of any other Governmental Authority or airport authority) in order to maintain its right to use such Slot, Gate, or Route, as applicable, and where the failure to so maintain its right to use such Slot, Gate, or Route, as applicable, would materially impair the value of the Collateral. (b) Promptly upon receipt thereof, deliver to Agent and each Lender copies of (i) each certificate or order relating to each of its Slots, Gates, and Routes or any other material certificates or orders that are issued by the DOT or any applicable Governmental Authority or airport authority, (ii) all filings made by or on behalf of Parent, Borrower, or any of Borrower’s Subsidiaries with any Governmental Authority related to preserving and maintaining the value of any of its Slots, Gates and Routes and (iii) any notices received from any Person notifying Parent, Borrower, or any of Borrower’s Subsidiaries of an event or other circumstances that would be reasonably likely to materially impair, or have a potential material adverse effect upon, any of the Slots, Gates or Routes. (c) Parent shall notify Agent and each Lender not less than 30 days prior to the termination or cessation of operation by Parent, Borrower, or any of Borrower’s Subsidiaries in any Slot or on any Route, if such termination or cessation of operating a Slot or Route is reasonably likely to have a Material Adverse Change on Parent, Borrower, or any of Borrower’s Subsidiaries.
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Slots, Gates and Routes. Schedules 3.10, 3.11 and 3.12 of the Credit Agreement and Schedules I, II and III to the SGR Security Agreement, in each case incorporated herein by reference, set forth all of each Grantor's Primary FAA Slots other than the Specified Primary FAA Slots, Primary Foreign Slots and Primary Routes.
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Slots, Gates and Routes. None.15 11 If any collateral of this type is pledged or added to this Schedule after the closing date, then the UCC-1 financing statement collateral description may need to be amended to reflect this additional asset(s).
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Related to Slots, Gates and Routes

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