Common use of Access Covenant Clause in Contracts

Access Covenant. Assignee agrees that it shall use its best efforts to retain the Operative Agreements and the Receivable Agreements with respect to each of the Transferred Interests transferred to it hereunder in perpetuity; provided, however, that Assignee shall have the right to (a) transfer any Operative Agreements or Receivable Agreements relating to a Transferred Interest or Aircraft to the purchaser of such Transferred Interest or Aircraft, as the case may be, subject to such purchaser's agreement to retain such Operative Agreements or Receivable Agreements and to permit Assignor and its agents and representatives access to such Operative Agreements or Receivable Agreements for the remaining term of the Promissory Note and (b) dispose of or destroy any such Operative Agreements or Receivable Agreements at any time which is after payment in full and discharge of the Promissory Note. Assignee will allow or will cause Assignor and its agents and representatives to be allowed access, during regular business hours at the offices of Assignee, to all of the Operative Agreements or Receivable Agreements and to any Persons having possession of or information relating to the Operative Agreements or Receivable Agreements.

Appears in 4 contracts

Samples: Purchase, Assignment and Assumption Agreement (Polaris Aircraft Income Fund Ii), Purchase, Assignment and Assumption Agreement (Polaris Aircraft Income Fund Ii), Purchase, Assignment and Assumption Agreement (Polaris Aircraft Income Fund V)

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