Common use of Aircraft Related Documents Clause in Contracts

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