Common use of Assignable Warranties Clause in Contracts

Assignable Warranties. At Delivery, Lessor will assign and make available to Lessee for the duration of the Lease Term the benefit of all assignable warranties provided to Lessor by the Airframe Manufacturer and the Engine Manufacturer pursuant to airframe and engine warranty assignment agreements in form and substance satisfactory to Lessee, Lessor and such Manufacturer. In addition, at Delivery Lessor will assign and make available to Lessee for the duration of the Lease Term the benefit of all assignable warranties provided to Lessor by any other Manufacturer, and at Lessee’s cost, Lessor shall cooperate with Lessee in respect of the enforcement of any such warranties.

Appears in 3 contracts

Samples: Aircraft Lease Agreement (Controladora Vuela Compania De Aviacion, S.A.B. De C.V.), Aircraft Lease Agreement (Controladora Vuela Compania De Aviacion, S.A.B. De C.V.), Aircraft Lease Agreement (Controladora Vuela Compania De Aviacion, S.A.B. De C.V.)

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Assignable Warranties. At Delivery, Lessor will assign and make available to Lessee for the duration of the Lease Term the benefit of all assignable warranties provided given to Lessor by the Airframe Manufacturer Seller and the Engine Manufacturer pursuant to the airframe and engine warranty assignment agreements substantially in form and substance satisfactory to Lessee, Lessor and such Manufacturerthe forms appearing in Appendix 8. In addition, at Delivery Lessor will assign and make makes available to Lessee for the duration of the Lease Term the benefit of all assignable warranties provided to Lessor by any other Manufacturer, and at Lessee’s cost, Lessor shall cooperate with Lessee in respect of the enforcement of any such warranties.

Appears in 2 contracts

Samples: Aircraft Lease Agreement (Controladora Vuela Compania De Aviacion, S.A.B. De C.V.), Aircraft Lease Agreement (Controladora Vuela Compania De Aviacion, S.A.B. De C.V.)

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