Common use of Execution, Amendment, Modification or Termination of Aircraft Assets Related Documents Clause in Contracts

Execution, Amendment, Modification or Termination of Aircraft Assets Related Documents. (a) In connection with the acquisition of any Aircraft (other than any Former Aircraft Asset) which becomes an Aircraft Asset, no later than ten Business Days prior to such Aircraft becoming an Aircraft Asset, GAL shall deliver a written notice thereof to the Servicer setting forth the model type and manufacturer’s serial number of such Aircraft and the Person within the GAL Group, if applicable, which will become the owner of such Aircraft upon its acquisition, together with (x) a true and complete list all documents related to such Aircraft which will become Aircraft Assets Related Documents upon the acquisition of such Aircraft and (y) a true and complete copy of each document which will become an Aircraft Assets Related Document upon the acquisition of such Aircraft or, to the extent it has yet to be executed, the most current draft of such document (with a final executed copy to be delivered as promptly as practicable thereafter). GAL will be deemed to represent and warrant to, and agree with, the Servicer on the date such Aircraft becomes an Aircraft Asset that (i) the Person within the GAL Group listed as the owner of such Aircraft in the written notice provided by GAL will have such title to such Aircraft as was conveyed to such Person on its acquisition free and clear of all Liens created by or through such Person (other than a Permitted Lien), (ii) each Aircraft Assets Related Document related to such Aircraft is a legal, valid and binding agreement of the Person within the GAL Group that is a party thereto (including by way of assignment or novation) and is enforceable against such Person within the GAL Group that is a party thereto in accordance with its terms and (iii) no Person within the GAL Group has modified, amended or waived any provision of or terminated any Aircraft Assets Related Document referred to in such written notice provided by GAL except as disclosed therein. The Servicer shall not be required to perform any services provided for in or in connection with any Aircraft Assets Related Documents not delivered to it, and, to the extent that the failure to provide such service results in any Losses to the Servicer, GAL shall indemnify the Servicer for such Losses on an After-Tax Basis, in accordance with the provisions of Article XI.

Execution, Amendment, Modification or Termination of Aircraft Assets Related Documents. (a) In connection with the acquisition of any Aircraft (other than any Former Aircraft Asset) which becomes an a MSA Aircraft Asset, no later than ten Business Days prior to such Aircraft becoming an a MSA Aircraft Asset, GAL Genesis shall deliver a written notice thereof to the Servicer setting forth the model type and manufacturer’s serial number of such Aircraft and the Person within in the GAL Group, if applicable, Genesis Group which will become the owner of such Aircraft upon its acquisition, together with (x) a true and complete list all documents related to such Aircraft which will become Aircraft Assets Related Documents upon the acquisition of such Aircraft and (y) a true and complete copy of each document which will become an Aircraft Assets Related Document upon the acquisition of such Aircraft or, to the extent it has yet to be executed, the most current draft of such document (with a final executed copy to be delivered as promptly as practicable thereafter). GAL Genesis will be deemed to represent and warrant to, and agree with, the Servicer on the date such Aircraft becomes an a MSA Aircraft Asset that (i) the Person within in the GAL Genesis Group listed as the owner of such Aircraft in the written notice provided by GAL Genesis will have such title to such Aircraft as was conveyed to such Person on its acquisition free and clear of all Liens created by or through such Person (other than a Permitted Lien)Person, (ii) each Aircraft Assets Related Document related to such Aircraft is a legal, valid and binding agreement of the Person within in the GAL Genesis Group that is a party thereto (including by way of assignment or novation) and is enforceable against such Person within in the GAL Genesis Group that is a party thereto in accordance with its terms and (iii) no Person within in the GAL Genesis Group has modified, amended or waived any provision of or terminated any Aircraft Assets Related Document referred to in such written notice provided by GAL Genesis except as disclosed therein. The Servicer shall not be required to perform any services provided for in or in connection with any Aircraft Assets Related Documents not delivered to it, and, to the extent that the failure to provide such service results in any Losses to the Servicer, GAL Genesis shall indemnify the Servicer for such Losses on an After-Tax Basis, in accordance with the provisions of Article XI.

Execution, Amendment, Modification or Termination of Aircraft Assets Related Documents. (a) In connection with the acquisition of any Aircraft (other than any Former Aircraft Asset) which becomes an Aircraft AssetAsset other than pursuant to the Asset Purchase Agreement, no later than ten Business Days prior to such Aircraft becoming an Aircraft Asset, GAL GFL shall deliver a written notice thereof to the Servicer setting forth the model type and manufacturer’s serial number of such Aircraft and the Person within the GAL Group, if applicable, GFL Group which will become the owner of such Aircraft upon its acquisition, together with (x) a true and complete list all documents related to such Aircraft which will become Aircraft Assets Related Documents upon the acquisition of such Aircraft and (y) a true and complete copy of each document which will become an Aircraft Assets Related Document upon the acquisition of such Aircraft or, to the extent it has yet to be executed, the most current draft of such document (with a final executed copy to be delivered as promptly as practicable thereafter). GAL GFL will be deemed to represent and warrant to, and agree with, the Servicer on the date such Aircraft becomes an Aircraft Asset that (i) the Person within the GAL GFL Group listed as the owner of such Aircraft in the written notice provided by GAL GFL will have such title to such Aircraft as was conveyed to such Person on its acquisition free and clear of all Liens created by or through such Person (other than a Permitted Lien)Person, (ii) each Aircraft Assets Related Document related to such Aircraft is a legal, valid and binding agreement of the Person within the GAL GFL Group that is a party thereto (including by way of assignment or novation) and is enforceable against such Person within the GAL GFL Group that is a party thereto in accordance with its terms and (iii) no Person within the GAL GFL Group has modified, amended or waived any provision of or terminated any Aircraft Assets Related Document referred to in such written notice provided by GAL GFL except as disclosed therein. The Servicer shall not be required to perform any services provided for in or in connection with any Aircraft Assets Related Documents not delivered to it, and, to the extent that the failure to provide such service results in any Losses to the Servicer, GAL GFL shall indemnify the Servicer for such Losses on an After-Tax Basis, in accordance with the provisions of Article XI.

Execution, Amendment, Modification or Termination of Aircraft Assets Related Documents. (a) In connection with the acquisition of any Aircraft (other than any Former Aircraft Asset) which becomes an Aircraft AssetAsset other than pursuant to the Asset Purchase Agreement, no later than ten Business Days prior to such Aircraft becoming an Aircraft Asset, GAL the Company shall deliver a written notice thereof to the Servicer setting forth the model type and manufacturer’s serial number of such Aircraft and the Person within the GAL Group, if applicable, Company Group which will become the owner of such Aircraft upon its acquisition, together with (x) a true and complete list all documents related to such Aircraft which will become Aircraft Assets Related Documents upon the acquisition of such Aircraft and (y) a true and complete copy of each document which will become an Aircraft Assets Related Document upon the acquisition of such Aircraft or, to the extent it has yet to be executed, the most current draft of such document (with a final executed copy to be delivered as promptly as practicable thereafter). GAL The Company will be deemed to represent and warrant to, and agree with, the Servicer on the date such Aircraft becomes an Aircraft Asset that (i) the Person within the GAL Company Group listed as the owner of such Aircraft in the written notice provided by GAL the Company will have such title to such Aircraft as was conveyed to such Person on its acquisition free and clear of all Liens created by or through such Person (other than a Permitted Lien)Person, (ii) each Aircraft Assets Related Document related to such Aircraft is a legal, valid and binding agreement of the Person within the GAL Company Group that is a party thereto (including by way of assignment or novation) and is enforceable against such Person within the GAL Company Group that is a party thereto in accordance with its terms and (iii) no Person within the GAL Company Group has modified, amended or waived any provision of or terminated any Aircraft Assets Related Document referred to in such written notice provided by GAL the Company except as disclosed therein. The Servicer shall not be required to perform any services provided for in or in connection with any Aircraft Assets Related Documents not delivered to it, and, to the extent that the failure to provide such service results in any Losses to the Servicer, GAL the Company shall indemnify the Servicer for such Losses on an After-Tax Basis, in accordance with the provisions of Article XI.

Execution, Amendment, Modification or Termination of Aircraft Assets Related Documents. (a) In connection with the acquisition of any Aircraft (other than any Former Aircraft Asset) which becomes an Aircraft AssetAsset after the Closing Date other than pursuant to the Asset Purchase Agreement, no later than ten Business Days prior to such Aircraft becoming an Aircraft Asset, GAL AFT shall deliver a written notice thereof to the Servicer setting forth the model type and manufacturer’s 's serial number of such Aircraft and the Person within the GAL Group, if applicable, AFT Group which will become the owner of such Aircraft upon its acquisition, together with (x) a true and complete list all documents related to such Aircraft which will become Aircraft Assets Related Documents upon the acquisition of such Aircraft and (y) a true and complete copy of each document which will become an Aircraft Assets Related Document upon the acquisition of such Aircraft or, to the extent it has yet to be executed, the most current draft of such document (with a final executed copy to be delivered as promptly as practicable thereafter). GAL AFT will be deemed to represent and warrant to, and agree with, the Servicer on the date such Aircraft becomes an Aircraft Asset that (i) the Person within the GAL AFT Group listed as the owner of such Aircraft in the written notice provided by GAL AFT will have such title to such Aircraft as was conveyed to such Person on its acquisition free and clear of all Liens created by or through such Person (other than a Permitted Lien)Person, (ii) each Aircraft Assets Related Document related to such Aircraft is a legal, valid and binding agreement of the Person within the GAL AFT Group that is a party thereto (including by way of assignment or novation) and is enforceable against such Person within the GAL AFT Group that is a party thereto in accordance with its terms and (iii) no Person within the GAL AFT Group has modified, amended or waived any provision of or terminated any Aircraft Assets Related Document referred to in such written notice provided by GAL AFT except as disclosed therein. The Servicer shall not be required to perform any services provided for in or in connection with any Aircraft Assets Related Documents not delivered to it, and, to the extent that the failure to provide such service results in any Losses to the Servicer, GAL AFT shall indemnify the Servicer for such Losses on an After-Tax Basis, in accordance with the provisions of Article XI.