Common use of Acceptance and Lease Clause in Contracts

Acceptance and Lease. Subject to the satisfaction or waiver of the conditions precedent contained in the Credit Agreement and the occurrence of the Initial Borrowing Date, Lessor hereby agrees to lease to Lessee hereunder, and Lessee hereby agrees to accept on the Initial Borrowing Date from Lessor hereunder, the Aircraft as evidenced by the execution by Lessor and Lessee of a Lease Supplement leasing the Aircraft hereunder. Lessee agrees to appoint in writing one or more of its employees as its authorized representative to accept delivery of the Aircraft pursuant to the terms hereof. Lessee hereby agrees that acceptance of delivery by such employee or employees shall, without further act, irrevocably constitute acceptance by Lessee of the Aircraft for all purposes of this Lease Agreement.

Appears in 5 contracts

Samples: Lease Agreement (Atlas Air Inc), Lease Agreement (Atlas Air Inc), Lease Agreement (Atlas Air Inc)

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Acceptance and Lease. Subject to the satisfaction or waiver of the conditions precedent contained in the Credit Agreement and the occurrence of the Initial Borrowing Date, Lessor hereby agrees to lease to Lessee hereunder, and Lessee hereby agrees to accept on the Initial Borrowing Date from Lessor hereunder, the Aircraft and the Spare Engines as evidenced by the execution by Lessor and Lessee of a Lease Supplement leasing the Aircraft and the Spare Engines hereunder. Lessee agrees to appoint in writing one or more of its employees as its authorized representative to accept delivery of the Aircraft pursuant to the terms hereof. Lessee hereby agrees that acceptance of delivery by such employee or employees shall, without further act, irrevocably constitute acceptance by Lessee of the Aircraft for all purposes of this Lease Agreement.

Appears in 4 contracts

Samples: Lease Agreement (Atlas Air Inc), Lease Agreement (Atlas Air Inc), Lease Agreement (Atlas Air Inc)

Acceptance and Lease. Subject to the satisfaction or waiver of the conditions precedent contained in the Credit Agreement and the occurrence of the Initial Borrowing Date, the Lessor hereby agrees to lease to the Lessee hereunder, and the Lessee hereby agrees to accept on the Initial Borrowing Date from the Lessor hereunder, the Aircraft as evidenced by the execution by the Lessor and the Lessee of a Lease Supplement leasing the Aircraft hereunder. The Lessee agrees to appoint in writing one or more of its employees as its authorized representative to accept delivery of the Aircraft pursuant to the terms hereof. The Lessee hereby agrees that acceptance of delivery by such employee or employees shall, without further act, irrevocably constitute acceptance by the Lessee of the Aircraft for all purposes of this Lease Agreement.

Appears in 2 contracts

Samples: Lease Agreement (Atlas Air Inc), Lease Agreement (Atlas Air Worldwide Holdings Inc)

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Acceptance and Lease. Subject to the satisfaction or waiver of the conditions precedent contained in the Credit Agreement and the occurrence of the Initial Borrowing Date, Lessor hereby agrees to lease to Lessee hereunder, and Lessee hereby agrees to accept on the Initial Borrowing Date from Lessor hereunder, the Aircraft as evidenced by the execution by Lessor and Lessee of a Lease evi Supplement leasing the Aircraft hereunder. Lessee agrees to appoint in writing one or more of its employees as its authorized representative to accept delivery of the Aircraft pursuant to the terms hereof. Lessee hereby agrees that acceptance of delivery by such employee or employees shall, without further act, irrevocably constitute acceptance by Lessee of the Aircraft for all purposes of this Lease Agreement.

Appears in 1 contract

Samples: Lease Agreement (Atlas Air Inc)

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