International Interests in Mobile Equipment (aircraft equipment) Act — I-19.6 (a)
In this Convention, except where the context otherwise requires, the following terms are employed with the meanings set out below: (a) agreement means a security agreement, a title reservation agreement or a leasing agreement; (b) aircraft means aircraft as defined for the purposes of the Chicago Convention which are either airframes with aircraft engines installed thereon or helicopters; (c) aircraft engines means aircraft engines (other than those used in military, customs or police services) powered by jet propulsion or turbine or piston technology and: (i) in the case of jet propulsion aircraft engines, have at least 1750 lb of thrust or its equivalent; and (ii) in the case of turbine-powered or piston-powered aircraft engines, have at least 550 rated take-off shaft horsepower or its equivalent, together with all modules and other installed, incorporated or attached accessories, parts and equipment and all data, manuals and records relating thereto; (d) aircraft objects means airframes, aircraft engines and helicopters; (e) aircraft register means a register maintained by a State or a common mark registering authority for the purposes of the Chicago Convention; (f) airframes means airframes (other than those used in military, customs and police services) that, when appropriate aircraft engines are installed thereon, are type certified by the competent aviation authority to transport: (i) at least eight (8) persons including crew; or (ii) goods in excess of 2750 kilograms, together with all installed, incorporated or attached accessories, parts and equipment (other than aircraft engines), and all data, manuals and records relating thereto; (g) assignment means a contract which, whether by way of security or otherwise, confers on the assignee associated rights with or without a transfer of the related international interest; (h) associated rights means all rights to payment or other performance by a debtor under an agreement which are secured by or associated with the aircraft object; (i) authorised party means the party referred to in Article 25(3); (j) Chicago Convention means the Convention on International Civil Aviation , signed at Chicago on 7 December 1944, as amended, and its Annexes; (k) commencement of the insolvency proceedings means the time at which the insolvency proceedings are deemed to commence under the applicable insolvency law; (l) common mark registering authority means the authority maintaining a register in accordance with Article 77 of the Chicago Convention as implemented by the Resolution adopted on 14 December 1967 by the Council of the International Civil Aviation Organization on nationality and registration of aircraft operated by international operating agencies; (m) conditional buyer means a buyer under a title reservation agreement; (n) conditional seller means a seller under a title reservation agreement; (o) contract of sale means a contract for the sale of an aircraft object by a seller to a buyer which is not an agreement as defined in (a) above; (p) court means a court of law or an administrative or arbitral tribunal established by a Contracting State; (q) creditor means a chargee under a security agreement, a conditional seller under a title reservation agreement or a lessor under a leasing agreement; (r) debtor means a chargor under a security agreement, a conditional buyer under a title reservation agreement, a lessee under a leasing agreement or a person whose interest in an aircraft object is burdened by a registrable non-consensual right or interest; (s) de-registration of the aircraft means deletion or removal of the registration of the aircraft from its aircraft register in accordance with the Chicago Convention; (t) guarantee contract means a contract entered into by a person as guarantor; (u) guarantor means a person who, for the purpose of assuring performance of any obligations in favour of a creditor secured by a security agreement or under an agreement, gives or issues a sur