Common use of Aircraft Assets Clause in Contracts

Aircraft Assets. Schedule 1 contains a true and complete list of all Aircraft as of the Initial Closing Date and each Person within the ACS Group that will own such Aircraft as of the applicable Delivery Date. Except as otherwise set forth therein, once each Aircraft listed in Schedule 1 has been delivered under the ACS Group Purchase Agreement, each Person within the ACS Group listed as an owner of an Aircraft on such Schedule will have such title to such Aircraft as was conveyed to such Person, free and clear of all liens created by or through such Person other than the lien arising out of the entering into of the Initial Lease in respect of such Aircraft. Each ACS Group Member that directly owns an ACS Group Aircraft is organized in a jurisdiction that is a Contracting State.

Aircraft Assets. Schedule 1 contains a true and complete list of all Aircraft constituting the Initial Aircraft as of the Initial Closing Date and each Person within the ACS Group that will own such Initial Aircraft as of the applicable Delivery Date. Except as otherwise set forth therein, once each Initial Aircraft listed in Schedule 1 has been delivered under the ACS Group Purchase Agreement, each Person within the ACS Group listed as an owner of an Aircraft on such Schedule will have such title to such Aircraft as was conveyed to such Person, free and clear of all liens created by or through such Person other than the lien arising out of the entering into of the Initial Lease in respect of such Aircraft. Each ACS Group Member that directly owns an ACS Group Aircraft is organized in a jurisdiction that is a Contracting State.

Aircraft Assets. Schedule 1 contains a true and complete list of all Aircraft constituting the Initial Aircraft as of the Initial Closing Date and each Person within the ACS Group that will own such Initial Aircraft as of the applicable Delivery Date. Except as otherwise set forth therein, once each Initial Aircraft listed in Schedule 1 has been delivered under the ACS Group Purchase Agreement, each Person within the ACS Group listed as an owner of an Aircraft on such Schedule will have such title to such Aircraft as was conveyed to such Person, free and clear of all liens Liens created by or through such Person other than the lien arising out of the entering into of the Initial Lease in respect of such Aircraft. Each ACS Group Member that directly owns an ACS Group Aircraft is organized in a jurisdiction that is a Contracting StatePerson.