Status Upon Return Clause Samples

Status Upon Return. Upon any Return Occasion hereunder, the Aircraft shall be: (i) free and clear of all Liens, except for the Lien of the Indenture, Head Lessor's Liens, Lessor's Liens and Lenders' Liens, (ii) duly certified as an airworthy aircraft by the FAA under Part 121 of the regulations promulgated under the Federal Aviation Act and with a current and valid Airworthiness Certificate -91- 93 installed on the Aircraft, unless such certificate shall have been suspended or revoked as a result of the suspension or revocation of the registration of the Aircraft under the Federal Aviation Act due to the ineligibility of the Aircraft to be registered in the name of Lessor under the Federal Aviation Act (whether by means of a voting trust agreement or otherwise) in which case the Aircraft shall nevertheless meet all conditions for such certification and for the issuance of such certificate; (iii) in full airworthy condition for over water and EROPS operation according to the FAA standards required to allow the Aircraft to be operated under, and in full compliance with, such Airworthiness Certificate and Part 121 of the regulations promulgated under the Federal Aviation Act for such operation, such compliance to be by means of such mechanical repairs or modifications or such inspections as may be required thereby, but not by operational restrictions, by logbook entries or other method of acceptance of such restrictions; (iv) in full compliance with Lessee's Maintenance Program; (v) to the extent the owner of the Aircraft is a "citizen of the United States" within the meaning of Section 40102(a)(15) of the Federal Aviation Act and reasonably cooperative with Lessee at Lessee's expense with respect to effecting such registration, duly registered in the name of the Lessor or other then owner of the Aircraft under the Federal Aviation Act; (vi) in full compliance with the maintenance and operation provisions of this Lease and all FAA airworthiness directives, mandatory service bulletins and equivalent requirements which by their terms require compliance on or before the last day of the Term (without regard to any deferral, waiver, deviation or exemption granted by the FAA specifically to Lessee delaying such compliance); (vii) in good and airworthy operating condition, and in the same condition (including, without limitation, in a passenger configuration suitable for passenger revenue service) as when delivered to Lessee hereunder, ordinary wear and tear excepted, with no open or o...
View SourceView Similar (9)
Status Upon Return. Upon any Return Occasion hereunder, the Engine shall be: (i) free and clear of all Liens, except for the Lien of the Indenture, Head Lessor's Liens, Lessor's Liens and Lenders' Liens, (ii) duly certified as an airworthy engine by the FAA under Part 121 of the regulations promulgated under the Federal Aviation Act which are in effect on the date of such Return Occasion; (iii) in full airworthy condition for over water and EROPS operation according to the FAA standards required to allow the Engine to be operated under, and in full compliance with, an applicable standard certificate of airworthiness and Part 121 of the regulations promulgated under the Federal Aviation Act for such operation, such compliance to be by means of such mechanical repairs or modifications or such inspections as may be required thereby, but not by operational restrictions, by logbook entries or other method of acceptance of such restrictions; (iv) in full compliance with Lessee's Maintenance Program; (v) in full compliance with the maintenance and operation provisions of this Lease and all FAA airworthiness directives, mandatory service bulletins and equivalent requirements which by their terms require compliance on or before the last day of the Term (without regard to any deferral, waiver, deviation or exemption granted by the FAA specifically to Lessee delaying such compliance); (vi) in good and airworthy operating condition, and in the same condition as when delivered to
View SourceView Similar (4)
Status Upon Return. When the Association and District agree, an employee returning from a leave of absence will return to the same position he/she had prior to leave. If the Association and District do not agree, the District retains the right to place that employee in an appropriate position. (Reference Article 10, I - New Employment Locations.)
View SourceView Similar (2)
Status Upon Return. Upon any Return Occasion hereunder, the Aircraft shall be: (i) free and clear of all Liens, except for the Lien of the Indenture, Head Lessor's Liens, Original Head Lessee's Liens, Lessor's Liens, Lenders' Liens and Liens arising out of the Foreign Lease Agreement, (ii) duly certified as an airworthy aircraft by the FAA under Part 121 of the regulations promulgated under the Federal Aviation Act and with a current and valid Airworthiness Certificate installed on the Aircraft, unless such certificate shall have been suspended or revoked as a result of the suspension or revocation of the registration of the Aircraft under the Federal Aviation Act due to the ineligibility of the Aircraft to be registered in the name of Lessor under the Federal Aviation Act (whether by means of a voting trust agreement or otherwise) in which case the Aircraft shall nevertheless meet all conditions for such certification and for the issuance of such certificate; (iii) in full airworthy condition for over water and EROPS operation according to the FAA standards required to allow the Aircraft to be operated under, and in full compliance with, such Airworthiness Certificate and Part 121 of the regulations promulgated under the Federal Aviation Act for such operation, such compliance to be by means of such mechanical repairs or modifications or such inspections as may be required thereby, but not by operational restrictions, by logbook entries or other method of acceptance of such restrictions; (iv) in full compliance
View Source
Status Upon Return. Upon any Return Occasion hereunder, the Aircraft shall be: (i) free and clear of all Liens, except for the Lien of the Indenture, Head Lessor's Liens, Lessor's Liens and Lenders' Liens, (ii) duly certified as an airworthy aircraft by the FAA under Part 121 of the regulations promulgated under the Federal Aviation Act and with a current and valid Airworthiness Certificate installed on the Aircraft, unless such certificate shall have been suspended or revoked as a result of the suspension or revocation of the registration of the Aircraft under the Federal Aviation Act due to the ineligibility of the Aircraft to be registered in the name of Lessor under the Federal Aviation Act (whether by means of a voting trust agreement or otherwise) in which case the Aircraft shall nevertheless meet all conditions for such certification and for the issuance of such certificate; (iii) in full airworthy condition for over water and EROPS operation according to the FAA standards required to allow the Aircraft to be operated under, and in full compliance with, such Airworthiness Certificate and Part 121 of the regulations promulgated under the Federal Aviation Act for such operation, such compliance to be by means of such mechanical repairs or modifications or such inspections as may be required thereby, but not by operational
View Source
Status Upon Return. Upon any Return Occasion hereunder, the Aircraft shall be: (i) free and clear of all Liens, except for the Lien of the Indenture, Head Lessor's Liens, Lessor's Liens, Lenders' Liens and Liens arising out of the Foreign Lease Agreement, (ii) duly certified as an airworthy aircraft by the FAA under Part 121 of the regulations promulgated under the Federal Aviation Act and with a current and valid Airworthiness Certificate installed on the Aircraft, unless such certificate shall have been suspended or revoked as a result of the suspension or revocation of the registration of the Aircraft under the Federal Aviation Act due to the ineligibility of the Aircraft to be registered in the name of Lessor under the
View Source

Related to Status Upon Return

  • Entitlements Upon Return to Work ‌ (a) An employee who returns to work after the expiration of maternity, parental, or pre-adoption leaves shall retain the seniority the employee had accumulated prior to commencing the leave and shall be credited with seniority for the period of time covered by the leave. (b) On return from maternity, parental, or pre-adoption leaves, an employee shall be placed in the employee's former position or in a position of equal rank and basic pay. (c) Notwithstanding Clauses 18.1(b) and 18.6, vacation entitlements and vacation pay shall continue to accrue while an employee is on leave pursuant to Clause 21.1 providing: (1) the employee returns to work for a period of not less than six months, and (2) the employee has not received parental allowance pursuant to 21.6; and (3) the employee was employed prior to March 28, 2001. Notwithstanding Clause 18.6(a) vacation earned pursuant to this clause may be carried over to the following year, or be paid out, at the employee's option. (d) Employees who are unable to complete the return to work period in (c) as a result of proceeding on maternity, parental or pre-adoption leave shall be credited with their earned vacation entitlements and vacation pay providing the employee returns to work for a period of not less than six months following the expiration of the subsequent maternity, parental or pre-adoption leave.

  • Replacement of Securities upon Reorganization, etc In case of any reclassification or reorganization of the outstanding shares of Common Stock (other than a change covered by Section 4.1 or 4.2 hereof or that solely affects the par value of such shares of Common Stock), or in the case of any merger or consolidation of the Company with or into another corporation (other than a consolidation or merger in which the Company is the continuing corporation and that does not result in any reclassification or reorganization of the outstanding shares of Common Stock), or in the case of any sale or conveyance to another corporation or entity of the assets or other property of the Company as an entirety or substantially as an entirety in connection with which the Company is dissolved, the Warrant holders shall thereafter have the right to purchase and receive, upon the basis and upon the terms and conditions specified in the Warrants and in lieu of the shares of Common Stock of the Company immediately theretofore purchasable and receivable upon the exercise of the rights represented thereby, the kind and amount of shares of stock or other securities or property (including cash) receivable upon such reclassification, reorganization, merger or consolidation, or upon a dissolution following any such sale or transfer, that the Warrant holder would have received if such Warrant holder had exercised his, her or its Warrant(s) immediately prior to such event; and if any reclassification also results in a change in shares of Common Stock covered by Section 4.1 or 4.2, then such adjustment shall be made pursuant to Sections 4.1, 4.2, 4.3 and this Section 4.4. The provisions of this Section 4.4 shall similarly apply to successive reclassifications, reorganizations, mergers or consolidations, sales or other transfers.

  • Forfeiture upon Termination of Status as a Service Provider Notwithstanding any contrary provision of this Award Agreement, the balance of the Restricted Stock Units that have not vested as of the time of Participant’s termination as a Service Provider for any or no reason and Participant’s right to acquire any Shares hereunder will immediately terminate.

  • Compensation for Buy-In on Failure to Timely Deliver Certificates Upon Conversion In addition to any other rights available to the Holder, if Borrower fails for any reason to deliver to the Holder such certificate or certificates by the Share Delivery Date pursuant to Section 4(c)(ii), and if after such Share Delivery Date the Holder is required by its brokerage firm to purchase (in an open market transaction or otherwise), or the Holder or Holder’s brokerage firm otherwise purchases, shares of Common Stock to deliver in satisfaction of a sale by the Holder of the Conversion Shares which the Holder was entitled to receive upon the conversion relating to such Share Delivery Date (a “Buy-In”), then Borrower shall (A) pay in cash to the Holder (in addition to any other remedies available to or elected by the Holder) the amount, if any, by which (x) the Holder’s total purchase price (including any brokerage commissions) for the Common Stock so purchased exceeds (y) the product of (1) the aggregate number of shares of Common Stock that the Holder was entitled to receive from the conversion at issue multiplied by (2) the actual sale price at which the sell order giving rise to such purchase obligation was executed (including any brokerage commissions) and (B) at the option of the Holder, either reissue (if surrendered) this Note in a principal amount equal to the principal amount of the attempted conversion (in which case such conversion shall be deemed rescinded) or deliver to the Holder the number of shares of Common Stock that would have been issued if Borrower had timely complied with its delivery requirements under Section 4(c)(ii). For example, if the Holder purchases Common Stock having a total purchase price of $11,000 to cover a Buy-In with respect to an attempted conversion of this Note with respect to which the actual sale price of the Conversion Shares (including any brokerage commissions) giving rise to such purchase obligation was a total of $10,000 under clause (A) of the immediately preceding sentence, Borrower shall be required to pay the Holder $1,000. The Holder shall provide Borrower written notice indicating the amounts payable to the Holder in respect of the Buy-In and, upon request of Borrower, evidence of the amount of such loss. Nothing herein shall limit a Holder’s right to pursue any other remedies available to it hereunder, at law or in equity including, without limitation, a decree of specific performance and/or injunctive relief with respect to Borrower’s failure to timely deliver certificates representing shares of Common Stock upon conversion of this Note as required pursuant to the terms hereof.

  • Deliveries Upon Termination Upon termination of this Agreement, ALPS agrees to cooperate in the orderly transfer of distribution duties and shall deliver to the Fund or as otherwise directed by the Fund (at the expense of the Fund) all records and other documents made or accumulated in the performance of its duties for the Fund hereunder. In the event ALPS gives notice of termination under this Agreement, it will continue to provide the services contemplated hereunder after such termination at the contractual rate for up to 120 days, provided that the Fund uses all reasonable commercial efforts to appoint such replacement on a timely basis.