ACCEPTANCE AND RISK. (a) Immediately following satisfaction of the conditions precedent specified in Clauses 3.1, 3.2 and 3.4 (or their waiver or deferral by the party entitled to grant such waiver or deferral), the Lessee and the Lessor shall forthwith complete Annex 1 to the Certificate of Acceptance (specifying the maintenance status of the Airframe, Engines, APU and Landing Gear) and the Lessee shall sign and deliver to the Lessor the Certificate of Acceptance. Delivery of the signed Certificate of Acceptance to the Lessor shall constitute deemed delivery of the Aircraft to the Lessee.
Appears in 3 contracts
Samples: Lease Agreement (Turn Works Acquisition Iii Sub a Inc), Lease Agreement (Turn Works Acquisition Iii Sub a Inc), Lease Agreement (Turn Works Acquisition Iii Sub a Inc)
ACCEPTANCE AND RISK. (a) The Aircraft shall be delivered to, and shall be accepted by, Lessee at the Delivery Location on the Delivery Date immediately following satisfaction of the conditions precedent specified in Sections 3.1, 3.2 and 3.4 (or their waiver or deferral by the party entitled to grant such waiver or deferral). (b) Immediately following satisfaction of the conditions precedent specified in Clauses Sections 3.1, 3.2 and 3.4 (or their waiver or deferral by the party entitled to grant such waiver or deferral), the Lessee and the Lessor shall forthwith complete Annex 1 the annexes to the Certificate of Acceptance (specifying the maintenance status of the Airframe, Engines, APU and Landing Gear) and the Lessee shall sign and deliver to the Lessor the Certificate of Acceptance. Delivery of the signed Certificate of Acceptance to the Lessor shall constitute deemed delivery of the Aircraft to the Lessee.Delivery
Appears in 2 contracts
Samples: Aircraft Lease Agreement (Air T Inc), Aircraft Lease Agreement (Air T Inc)
