Common use of CERTAIN PROTECTIONS FOR LESSEE'S BENEFIT Clause in Contracts

CERTAIN PROTECTIONS FOR LESSEE'S BENEFIT. The rights of Lessee under this Agreement shall be superior to the rights of any Financing Party or Head Lessor, and Lessor shall require each Financing Party holding a Security Interest in this Agreement and each Head Lessor to agree in writing with Lessee that such Financing Party’s and Head Lessor’s rights in and to the Leased Property and/or this Agreement shall be subject to the terms of this Agreement, including to Xxxxxx’s rights to the quiet use, possession and enjoyment provisions contained in this Agreement. Lessor’s obligations to perform the terms and conditions of this Agreement shall remain in full force and effect notwithstanding the creation of any Financing Security Document or head lease. No Transfer shall cause or result in any increase in or additional payment obligations (including with respect to Taxes) of Lessee under this Agreement based on the laws in effect at the time of such Transfer. Lessor shall not enter into any Financing Security Document or head lease that violates the terms of this Section 14.6.

Appears in 3 contracts

Samples: Lease Agreement, Lease Agreement, Lease Agreement

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CERTAIN PROTECTIONS FOR LESSEE'S BENEFIT. The rights of Lessee under this Agreement shall be superior to the rights of any Financing Party or Head Lessor, and Lessor shall require each Financing Party holding a Security Interest in this Agreement and each Head Lessor to agree in writing with Lessee that such Financing Party’s and Head Lessor’s rights in and to the Leased Property Aircraft and/or this Agreement shall be subject to the terms of this Agreement, including to XxxxxxLessee’s rights to the quiet use, possession and enjoyment provisions contained in this Agreement. Lessor’s obligations to perform the terms and conditions of this Agreement shall remain in full force and effect notwithstanding the creation of any Financing Security Document or head lease. No Transfer shall cause or result in any increase in or additional payment obligations (including with respect to Taxes) of Lessee under this Agreement based on the laws in effect at the time of such TransferHead Lease. Lessor shall not enter into any Financing Security Document or head lease Head Lease that violates the terms of this Section 14.6.

Appears in 1 contract

Samples: Lease Agreement (Global Crossing Airlines Group Inc.)

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