Assignment of Warranties and Assignment of Rights Under Lease with Previous Operator. Effective on delivery of each Aircraft to Buyer on the applicable Closing Date, Seller hereby assigns to Buyer any warranties applicable to such Aircraft from the Aircraft manufacturer, any maintenance facility and any parts manufacturer that Seller has with respect to the Aircraft, to the extent that such warranties are assignable. Upon the request of Buyer and at Buyer’s sole cost and expense, Seller shall use its best efforts to give Buyer aid and assistance in enforcing the rights of Buyer arising under such warranties or other rights. Upon request of Buyer, Seller shall give notice to any such manufacturers or maintenance facility of the assignment of such warranties and/or other rights to Buyer.
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Samples: Aircraft and Equipment Sale Agreement (PLM Equipment Growth Fund Vi), Aircraft and Equipment Sale Agreement (Professional Lease Management Income Fund I LLC), Aircraft and Equipment Sale Agreement (PLM Equipment Growth & Income Fund Vii)
Assignment of Warranties and Assignment of Rights Under Lease with Previous Operator. Effective on delivery of each Aircraft to Buyer on the applicable Closing Date, Seller hereby assigns to Buyer any warranties applicable to such Aircraft from the Aircraft manufacturer, any maintenance facility and any parts manufacturer that Seller has with respect to the Aircraft, to the extent that such warranties are assignable. Upon the request of Buyer and at Buyer’s sole cost and expense, Seller shall use its best efforts to give Buyer aid and assistance in enforcing the rights of Buyer arising under such warranties or other rights. Upon request of Buyer, Seller shall give notice to any such manufacturers or maintenance facility of the assignment of such warranties and/or other rights to Buyer.. D.
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