Flight Simulators definition

Flight Simulators means the flight simulators and flight training devices of the Borrower or any other applicable Grantor (including, without limitation, any such simulators or training devices located on a Real Property Asset).

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Flight Simulators means the flight simulators and flight training devices owned by Parent or any of its Restricted Subsidiaries.

Flight Simulators means the flight simulators and flight training devices of the Borrower or any applicable Guarantor other than the flight simulators listed on Schedule 1.01(a) (as such Schedule may be amended from time to time with the consent of the Agents to remove one or more flight simulators from such Schedule).

Examples of Flight Simulators in a sentence

The Federal Aviation Administration (FAA) and the European Union Aviation Safety Agency (EASA) have assessed each other’s standards and systems relating to the recurrent evaluation and qualification of Full Flight Simulators (FFS) for airplanes.
The Administrative Agent shall have the right to modify or eliminate Reserves against Eligible Accounts, Eligible Unbilled Accounts and Eligible Refundable Ticket Accounts, Eligible Real Estate, Eligible Aircraft, Eligible Engines, Eligible Spare Parts, Eligible Ground Service Equipment, Eligible Flight Simulators and Eligible Tooling from time to time in its reasonable credit judgment.
The Borrower shall have delivered to the Initial Lenders all information necessary for the Appraisers to complete the appraisals, including, without limitation, detailed maintenance records for all aircraft, engines and spare engines included in Mortgaged Collateral and (ii) the Initial Lenders shall have received appraisals of Routes, Slots, Mortgaged Collateral, Flight Simulators and QEC Kits that are reasonably satisfactory to the Initial Lenders.
Section 6.1(a)(ii) is hereby amended by adding the words “engines, Flight Simulators and other Aircraft Related Equipment” immediately after the word “aircraft” in clause (E) thereof.
The definition of Flight Simulators is hereby amended by adding “, whether now owned or hereafter acquired” immediately after the word “Obligor”.

More Definitions of Flight Simulators

Flight Simulators means the flight simulators and flight training devices of either Co-Borrower or any other applicable Grantor (including, without limitation, any such simulators or training devices located on a Real Property Asset).

Flight Simulators means the flight simulators and flight training devices of the Borrower or any

Flight Simulators means the flight simulators and flight training devices owned by GLA or GLAI.

Flight Simulators means the flight simulators and flight training devices of the Borrower or any applicable Guarantor other than the flight simulators listed on Schedule 1.1(c).

Flight Simulators means the flight simulators and flight training devices of the Borrower or any applicable Guarantor, listed on Schedule 1.01(a) (as such Schedule may be amended from time to time to remove one or more flight simulators therefrom in accordance with Section 6.06 or 6.11, as applicable).

Flight Simulators means the “Series D” flight simulators of Spirit or any other applicable Grantor (including any such simulators located on a Real Property Asset).

Flight Simulators has the meaning set forth in the Loan Agreement.

Filter & Search

Related Definitions