Common use of Closing of Sale Clause in Contracts

Closing of Sale. (a) On the Termination Date (1) Lessee shall deliver the Airframe and Engines or engines constituting part of the Aircraft to the bidder (if any) who shall have submitted the highest cash bid on or before the date ten Business Days before such Termination Date, in the same manner as if delivery were made to Lessor pursuant to ss. 5 and Annex B and in full compliance with the terms thereof, and shall duly transfer tO Lessor title to any such engines not owned by Lessor, all in accordance with the terms of ss. 5 and Annex B, anD (2) Lessor shall simultaneously therewith transfer the Airframe and Engines or engines to such bidder, in the manner described in ss. 4.5, against cash paid to Lessor in the amount of such highest bid and in the manner and iN funds of the type specified in ss. 3.3. (b) All proceeds of any sale described in ss.

Closing of Sale. (a) On the Termination Date (1) Lessee shall deliver the Airframe and Engines or engines constituting part of the Aircraft to the bidder (if any) who shall have submitted the highest cash bid on or before the date ten Business Days before such Termination Date, in the same manner as if delivery were made to Lessor pursuant to ss. 5 and Annex B and in full compliance with the terms thereof, and shall duly transfer tO to Lessor title to any such engines not owned by Lessor, all in accordance with the terms of ss. 5 and Annex B, anD and (2) Lessor shall simultaneously therewith transfer the Airframe and Engines or engines to such bidder, in the manner described in ss. 4.5, against cash paid to Lessor in the amount of such highest bid and in the manner and iN in funds of the type specified in ss. 3.3. (b) All proceeds of any sale described in ss.