Common use of Eligible Lease Involving Eligible Intermediary Clause in Contracts

Eligible Lease Involving Eligible Intermediary. In lieu of leasing a Financed Aircraft directly to an Eligible Carrier, a Borrower may lease such Financed Aircraft directly to an Eligible Intermediary pursuant to an Eligible Lease described in clause (X) of the proviso to the definition of "Eligible Lease"; provided that

Eligible Lease Involving Eligible Intermediary. In lieu of leasing a Financed Aircraft or Engine directly to an Eligible Carrier, a Borrower may lease such Financed Aircraft or Engine directly to an Eligible Intermediary pursuant to an Eligible Lease described in clause (X) of the proviso to the definition of "Eligible Lease"; provided that