Common use of Covenants of the Assignor Clause in Contracts

Covenants of the Assignor. The Assignor hereby covenants and agrees with the Assignee (as of the date hereof and as of the date of any additional Assigned Rights becoming subject to the Security Interest) as follows: The Assignor shall use its reasonable commercial efforts to obtain from the Operator (i) a Consent to Assignment of Aircraft Lease Agreement (in the form of Exhibit 1 attached hereto, or any other form satisfactory to the Assignee) pursuant to the requirements of the Letter of Offer and (ii) an IDERA in favour of the Assignee (if the certificate of registration of the Aircraft is issued in the name of the Operator). Any and all Assigned Rights which are hereafter acquired by the Assignor shall ipso facto, and without any further conveyance, assignment or act of the Assignor or the Assignee, become and be subject to the Security Interest as fully and completely as though specifically described herein. The Assignor shall not, directly or indirectly, create, incur, assume or suffer to exist (i) any lien, charge, encumbrance or security interest on or with respect to any Assigned Rights or any interest therein, or (ii) any International Interest on or with respect to the Subject Aircraft or the Lease Agreement other than by or through the Assignor. The Assignor shall promptly, at its own expense, take such action as may be necessary to duly discharge any such lien, charge, encumbrance or security interest or International Interest if the same shall arise at any time. No registration, filing or recording of the Security Interest or any International Interest in respect of the Assigned Rights, the Subject Aircraft or the Lease Agreement created in favour of the Assignee or for its benefit shall be discharged without the Assignee’s prior written consent. The Assignor shall furnish to the Assignee a true copy of the Lease Agreement and such additional information concerning the location, condition, use and operation of the Subject Aircraft, or other matters relating to the Lease Agreement, as the Assignee may from time to time reasonably request, and subject to the applicable provisions contained in the Lease Agreement, the Assignor shall permit the Assignee (or its representatives) at its reasonable request in writing to visit the property of the Operator to inspect the Aircraft, its condition, use and operation, and the Manuals and Technical Records maintained in connection therewith, and to obtain copies of such records.

Covenants of the Assignor. The Assignor hereby covenants and agrees with the Assignee (as of the date hereof and as of the date of any additional Assigned Rights becoming subject to the Security Interest) as follows: The Assignor shall use its reasonable commercial efforts to obtain from the Operator (i) a Consent to Assignment of Aircraft Lease Agreement (in the form of Exhibit 1 attached hereto, or any other form satisfactory to the Assignee) pursuant to the requirements of the Letter of Offer and (ii) an IDERA in favour of the Assignee (if the certificate of registration of the Aircraft is issued in the name of the Operator)Offer. Any and all Assigned Rights which are hereafter acquired by the Assignor shall ipso facto, and without any further conveyance, assignment or act of the Assignor or the Assignee, become and be subject to the Security Interest as fully and completely as though specifically described herein. The Assignor shall not, directly or indirectly, create, incur, assume or suffer to exist (i) any lien, charge, encumbrance or security interest on or with respect to any Assigned Rights or any interest therein, or (ii) any International Interest therein on or with respect to the Subject Aircraft or the Lease Agreement other than by or through the Assignor. The Assignor shall promptly, at its own expense, take such action as may be necessary to duly discharge any such lien, charge, encumbrance or security interest or International Interest if the same shall arise at any time. No registration, filing or recording of the Security Interest or any International Interest in respect of the Assigned Rights, the Subject Aircraft or the Lease Agreement created in favour of the Assignee or for its benefit shall be discharged without the Assignee’s prior written consent. The Assignor shall furnish to the Assignee a true copy of the Lease Agreement and such additional information concerning the location, condition, use and operation of the Subject Aircraft, or other matters relating to the Lease Agreement, as the Assignee may from time to time reasonably request, and subject to the applicable provisions contained in the Lease Agreement, the Assignor shall permit the Assignee (or its representatives) at its reasonable request in writing to visit the property of the Operator to inspect the Aircraft, its condition, use and operation, and the Manuals and Technical Records maintained in connection therewith, and to obtain copies of such records.