Transfer of an EASA Type Certificate/Supplemental Type Certificate Within the United States Clause Samples

This clause governs the process for transferring an EASA Type Certificate or Supplemental Type Certificate within the United States. It outlines the requirements and procedures that must be followed when ownership or control of such certificates changes hands, such as notifying the relevant aviation authorities and ensuring all regulatory obligations are met. The core function of this clause is to maintain regulatory oversight and ensure continued compliance with safety standards during and after the transfer, thereby preventing lapses in certification or operational authority.
Transfer of an EASA Type Certificate/Supplemental Type Certificate Within the United States. (a) FAA shall notify EASA of a transfer of an EASA TC/STC held by a person in the United States to another person in the United States. (b) EASA shall transfer the TC only when EASA has been satisfied that the applicant is able to undertake the responsibilities in EASA Part 21 and that the FAA TC has been transferred to the same applicant. EASA may request the FAA to provide technical assistance in making the determination that the new U.S. ▇▇ ▇▇▇▇▇▇ will be able execute the responsibilities of EASA Part 21. (c) EASA shall reissue a TC/STC in the name of the new holder after the FAA TC/STC issuance. holder after the EASA TC/STC issuance.

Related to Transfer of an EASA Type Certificate/Supplemental Type Certificate Within the United States

  • What Forms of Distribution Are Available from a ▇▇▇▇▇▇▇▇▇ Education Savings Account Distributions may be made as a lump sum of the entire account, or distributions of a portion of the account may be made as requested.

  • Single Certificate A Single Certificate for each Class of Class A Certificates (other than the Class A-R Certificate) and each Class of Class B Certificates (other than the Class B-4, Class B-5 and Class B-6 Certificates) represents a $100,000 Denomination. A Single Certificate for the Class A-R Certificate represents a $100 Denomination. A Single Certificate for the Class B-4 and Class B-6 Certificates represents a $250,000 Denomination. The Class B-5 Certificates will be issued as a Single Certificate with a Denomination equal to its Original Principal Balance.

  • Certificate Registration Except in the event the Exercise Price is paid by means of a Cashless Exercise, the certificate for the shares as to which the Option is exercised shall be registered in the name of the Optionee, or, if applicable, in the names of the heirs of the Optionee.

  • Certificate Distribution Account The Certificate Distribution Account shall be established as a non-interest bearing trust account pursuant to Section 4.1 of the Sale and Servicing Agreement. Funds on deposit in the Certificate Distribution Account shall be held uninvested. The Certificateholders shall possess all beneficial right, title and interest in and to all funds on deposit from time to time in the Certificate Distribution Account and all proceeds thereof. Except as otherwise provided herein, in the Indenture or in the Sale and Servicing Agreement, the Certificate Distribution Account shall be under the sole dominion and control of the Certificate Paying Agent for the benefit of the Certificateholders. If, at any time, the Certificate Distribution Account ceases to be an Eligible Account, the Servicer on behalf of the Issuer, shall, within ten (10) Business Days (or such longer period) after becoming aware of the fact, establish a new Certificate Distribution Account as an Eligible Account and shall direct the Certificate Paying Agent to transfer any cash then on deposit in the Certificate Distribution Account to such new Certificate Distribution Account.

  • Initial Certificate Ownership Since the formation of the Trust by the contribution by the Depositor pursuant to Section 2.5, the Depositor has been the sole Certificateholder.