Common use of Aircraft and Leases Clause in Contracts

Aircraft and Leases. (a) Section 4.11(a) of the Genesis Disclosure Letter lists each aircraft and aircraft engine owned (directly or indirectly) or leased by Genesis or a subsidiary of Genesis as of the date hereof. Except as otherwise set forth in Section 4.11(a) of the Genesis Disclosure Letter, as of the date of this Agreement, Genesis or a subsidiary of Genesis (i) is the sole legal and beneficial owner of, and has good and valid title to, each Aircraft and Engine and (ii) is the holder of a lessor’s interest in the Aircraft under the applicable Lease Documents, with respect to each lease of an Aircraft to a Lessee (or an intermediary for the Lessee), which Aircraft and which interest under those Lease Documents are, in each case, to Genesis’s knowledge, free and clear of all liens, other than Permitted Encumbrances.

Appears in 3 contracts

Samples: Agreement and Plan of Amalgamation, Agreement and Plan of Amalgamation (AerCap Holdings N.V.), Agreement and Plan of Amalgamation (Genesis Lease LTD)

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Aircraft and Leases. (a) Section 4.11(a) of the Genesis Disclosure Letter lists each aircraft and aircraft engine owned (directly or indirectly) or leased by Genesis or a subsidiary of Genesis as of the date hereof. Except as otherwise set forth in Section 4.11(a) of the Genesis Disclosure Letter, as of the date of this Agreement, Genesis or a subsidiary of Genesis (i) is the sole legal and beneficial owner of, and has good and valid title to, each Aircraft and Engine and (ii) is the holder of a lessor’s 's interest in the Aircraft under the applicable Lease Documents, with respect to each lease of an Aircraft to a Lessee (or an intermediary for the Lessee), which Aircraft and which interest under those Lease Documents are, in each case, to Genesis’s 's knowledge, free and clear of all liens, other than Permitted Encumbrances.. Table of Contents

Appears in 1 contract

Samples: Amalgamation Agreement (Genesis Lease LTD)

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