Common use of Aircraft Related Documents Clause in Contracts

Aircraft Related Documents. Each Aircraft Related Document delivered to the Servicer to which the Customer is a party is a legal, valid and binding agreement of the Customer (including by way of assignment or novation if applicable) and is enforceable against the Customer subject to bankruptcy, insolvency, fraudulent transfer, reorganisation, moratorium and similar laws affecting creditors’ rights and remedies and to general principles of equity. The Servicer is not aware of any default or potential default (howsoever defined) by any party (including itself) under any Aircraft Related Document.