Common use of Agreements of the Lessee Clause in Contracts

Agreements of the Lessee. The Lessee hereby agrees that: at all times while the Contract is subject to the Assignment, the Lender, or its authorized representatives, may inspect the Aircraft and the Manuals and Technical Records related to such Aircraft on the same terms and subject to the same conditions as the Debtor may inspect the Aircraft and the Manuals and Technical Records related to such Aircraft under the Contract; it will not challenge the effectiveness of the GSA and the Assignment to confer on the Lender all of the Debtor's right, title and interest in and to the Aircraft and the Contract; except as expressly provided herein, the Lender shall not be bound by, or have any liability to the Lessee for the performance of, any of the Debtor's obligations under the Contract (including, without limitation, any obligations in respect of security deposits, maintenance reserves or return compensation or adjustables); it shall not enter into any amendment of the Contract without the prior written consent of the Lender and any such amendment entered into without such consent shall be void and unenforceable; upon the occurrence of a default by the Debtor under the Contract, the Lessee will provide the Lender with: (i) notice of the default concurrently with providing notice of the same to the Debtor, and (ii) a reasonable period of time following such notice during which period of time the Lessee will not terminate the Contract and the Lender will be entitled to cure such default; and the Lender shall have the benefit of the indemnity provisions in favour of the Lender and the Debtor under the Contract and the Lessee agrees that the Lessee is bound by the terms of such provisions, as though the same were set out herein in full with all necessary changes.

Agreements of the Lessee. The Lessee hereby agrees that: it will become a Transacting User Entity, appoint an International Registry Administrator and will cooperate with the Lender in relation to any registrations of International Interests contemplated by the Letter of Offer and the GSA; at all times while the Contract is subject to the Assignment, execute and deliver to the Lender an IDERA with respect to the Aircraft and lodge or file the same with Transport Canada and provide to the Lender evidence thereof acceptable to the Lender; at all times while the Contract is subject to the Assignment, the Lender, or its authorized representatives, may inspect the Aircraft and the Manuals and Technical Records related to such Aircraft on the same terms and subject to the same conditions as the Debtor may inspect the Aircraft and the Manuals and Technical Records related to such Aircraft under the Contract; it will not challenge the effectiveness of the GSA and the Assignment to confer on the Lender all of the Debtor's right, title and interest in and to the Aircraft and the Contract; except as expressly provided herein, the Lender shall not be bound by, or have any liability to the Lessee for the performance of, any of the Debtor's obligations under the Contract (including, without limitation, any obligations in respect of security deposits, maintenance reserves or return compensation or adjustables); it shall not enter into any amendment of the Contract without the prior written consent of the Lender and any such amendment entered into without such consent shall be void and unenforceable; upon the occurrence of a default by the Debtor under the Contract, the Lessee will provide the Lender with: (i) notice of the default concurrently with providing notice of the same to the Debtor, and (ii) a reasonable period of time following such notice during which period of time the Lessee will not terminate the Contract and the Lender will be entitled to cure such default; and the Lender shall have the benefit of the indemnity provisions in favour of the Lender and the Debtor under the Contract and the Lessee agrees that the Lessee is bound by the terms of such provisions, as though the same were set out herein in full with all necessary changes.

Agreements of the Lessee. The Lessee hereby agrees that: it will become a Transacting User Entity, appoint an International Registry Administrator and will cooperate with the Lender in relation to any registrations of International Interests contemplated by the Letter of Offer and the Hypothec; at all times while the Contract is subject to the AssignmentHypothec, execute and deliver to the Lender an IDERA with respect to the Aircraft and lodge or file the same with Transport Canada and provide to the Lender evidence thereof acceptable to the Lender; at all times while the Contract is subject to the Hypothec, the Lender, or its authorized representatives, may inspect the Aircraft and the Manuals and Technical Records related to such Aircraft on the same terms and subject to the same conditions as the Debtor may inspect the Aircraft and the Manuals and Technical Records related to such Aircraft under the Contract; it will not challenge the effectiveness of the GSA and the Assignment Hypothec to confer on the Lender all of the Debtor's right, title and interest in and to the Aircraft and the Contract; except as expressly provided herein, the Lender shall not be bound by, or have any liability to the Lessee for the performance of, any of the Debtor's obligations under the Contract (including, without limitation, any obligations in respect of security deposits, maintenance reserves or return compensation or adjustables); it shall not enter into any amendment of the Contract without the prior written consent of the Lender and any such amendment entered into without such consent shall be void and unenforceable; upon the occurrence of a default by the Debtor under the Contract, the Lessee will provide the Lender with: (i) notice of the default concurrently with providing notice of the same to the Debtor, and (ii) a reasonable period of time following such notice during which period of time the Lessee will not terminate the Contract and the Lender will be entitled to cure such default; and the Lender shall have the benefit of the indemnity provisions in favour of the Lender and the Debtor under the Contract and the Lessee agrees that the Lessee is bound by the terms of such provisions, as though the same were set out herein in full with all necessary changes.