Common use of CONDITIONS PRECEDENT TO OBLIGATIONS OF LESSEE Clause in Contracts

CONDITIONS PRECEDENT TO OBLIGATIONS OF LESSEE. Lessee’s obligations contemplated to be performed with respect of the financing contemplated hereby in respect of an Aircraft on and after the Issuance Date for such Aircraft under the Operative Documents in respect of which it is or will become a party (other than its obligations under the Issuer Indemnity Agreement, which obligations shall be effective and performed by Lessee on or after execution thereof by Lessee) are subject to the condition that, on or prior to such Issuance Date, Lessee shall have received copies of the Operative Documents required to be in existence on or prior to such Issuance Date (duly authorized, executed and delivered by the respective party or parties thereto) and, in addition, shall be subject to the satisfaction of the following conditions precedent: (a) No change in Applicable Laws shall have occurred after the date of this Agreement and prior to such Issuance Date that would make it unlawful for Lessee to execute, deliver or perform its obligations under the Operative Documents to which it is or will become a party; (b) No action or proceeding or governmental action shall have been instituted or threatened before any court or governmental agency, nor shall any order, judgment or decree have been issued or proposed to be issued by any court or governmental agency, on such Issuance Date to set aside, restrain, enjoin, or prevent the completion and consummation of the transactions contemplated by the Operative Documents, and no event shall have occurred that might result in any Claims; (c) Lessee shall have received copies of the executed Operative Documents; and (d) Lessee shall have received each legal opinion referred to in Section 4A(p)(viii).