Common use of Certain Matters Regarding Passenger Convenience Equipment Clause in Contracts

Certain Matters Regarding Passenger Convenience Equipment. Lessee may install on the Airframe, subject to the requirements of Section 8(c) above, Passenger Convenience Equipment that is (i) owned by another Person and leased to Lessee, (ii) sold to Lessee by another Person subject to a conditional sale contract or other retained security interest, (iii) leased to Lessee pursuant to a lease which is subject to a security interest in favor of another Person or (iv) installed on the Aircraft subject to a license granted to Lessee by another Person, and in any such case the Lessor and the Indenture Trustee will not acquire or claim, as against any such other Person, any right, title or interest in any such Passenger Convenience Equipment solely as a result of its installation on the Airframe. Lessee agrees that if any such Person repossesses (or Lessee removes, pursuant to return of the Aircraft to Lessor) such Passenger Convenience Equipment, Lessee will (or will cause such Person to) restore the Aircraft to the condition it would have been in had the installation of such Passenger Convenience Equipment not occurred (including the plugging of all places where such Equipment was installed, in a manner reasonably acceptable to the Owner Participant). At or prior to the return of the Aircraft in accordance with Section 5 hereof, Lessee shall either (i) remove all Passenger Convenience Equipment in accordance with Section 8(c) and 8(d) hereof, or (ii) transfer title to all such Passenger Convenience Equipment to Lessor, with the consent of the Owner Participant, free and clear of all Liens.

Appears in 3 contracts

Samples: Lease Agreement (Us Airways Inc), Lease Agreement (Us Airways Inc), Lease Agreement (Us Airways Inc)

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Certain Matters Regarding Passenger Convenience Equipment. Lessee The Grantor may at any time and from time to time hereafter install on the any Airframe, subject to the requirements of Section 8(c2.02(c) above, Passenger Convenience Equipment that is (i) owned by another Person and leased to Lesseethe Grantor, (ii) sold to Lessee the Grantor by another Person subject to a conditional sale contract or other retained security interest, (iii) leased to Lessee the Grantor pursuant to a lease which is subject to a security interest in favor of another Person or (iv) installed on the Aircraft such Airframe subject to a license granted to Lessee the Grantor by another Person, and in any such case provided that (x) the Lessor and the Indenture Trustee Collateral Agent will not acquire or claim, as against any such other Person, any right, title or interest in any such Passenger Convenience Equipment solely as a result of its installation on such Airframe, (y) the Airframe. Lessee agrees that if any Grantor shall notify such Person repossesses of Collateral Agent's interest in such Airframe and (z) the Grantor shall procure that, upon the occurrence of any default under the applicable lease, conditional sales agreement, security agreement or Lessee removeslicense, pursuant such Person shall not be entitled to return of the Aircraft to Lessor) repossess such Passenger Convenience EquipmentEquipment unless it shall, Lessee will (or will cause in connection with such Person to) repossession, undertake to restore the Aircraft such Airframe to the condition it would have had been in had the installation of such Passenger Convenience Equipment not occurred (including occurred. Notwithstanding any of the plugging of all places where such Equipment was installed, in a manner reasonably acceptable foregoing to the Owner Participant). At or prior contrary, nothing contained in this Mortgage shall in any way limit the Collateral Agent's right to assert any Lien arising unto the return of Collateral Agent under the Aircraft in accordance with Section 5 hereof, Lessee shall either (i) remove all Passenger Convenience Equipment in accordance with Section 8(c) and 8(d) hereof, or (ii) transfer title to all such Passenger Convenience Equipment to Lessor, with the consent of the Owner Participant, free and clear of all LiensThirteenth Amendment Order.

Appears in 1 contract

Samples: Security and Pledge Agreement (Ual Corp /De/)

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Certain Matters Regarding Passenger Convenience Equipment. Lessee may install on the Airframe, subject to the requirements of Section 8(c) above, Passenger Convenience Equipment that is (i) owned by another Person and leased to Lessee, (ii) sold to Lessee by another Person subject to a conditional sale contract or other retained security interest, (iii) leased to Lessee pursuant to a lease which is subject to a security interest in favor of another Person or (iv) installed on the Aircraft subject to a license granted to Lessee by another Person, and in any such case (A) the Lessor and the Indenture Trustee will not acquire or claim, as against any such other Person, any right, title or interest in any such Passenger Convenience Equipment solely as a result of its installation on the Airframe. , (B) Lessee agrees that if any shall notify such Person repossesses of Lessor's and Indenture Trustee's respective interest in the Aircraft, and (C) upon the occurrence of any default under the applicable lease, conditional sale agreement, security agreement or Lessee removeslicense, pursuant such Person shall not be entitled to return of the Aircraft to Lessor) repossess such Passenger Convenience EquipmentEquipment unless it shall, Lessee will (or will cause in connection with such Person to) repossession, undertake to restore the Aircraft to the condition it would have been in had the installation of such Passenger Convenience Equipment not occurred (including the plugging of all places where such Equipment was installed, in a manner reasonably acceptable to the Owner Participant). At or prior to the return of the Aircraft in accordance with Section 5 hereof, Lessee shall either (i) remove all Passenger Convenience Equipment in accordance with Section 8(c) and 8(d) hereof, or (ii) transfer title to all such Passenger Convenience Equipment to Lessor, with the consent of the Owner Participant, free and clear of all Liensoccurred.

Appears in 1 contract

Samples: Lease Agreement (Us Airways Inc)

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