Common use of Grants of Security Interests Clause in Contracts

Grants of Security Interests. The Lessor shall be entitled at any time after Delivery to grant a security interest in the Aircraft or its right, title and interest in this Agreement (each, an "ADDITIONAL MORTGAGE") in favor of any person (each, an "ADDITIONAL MORTGAGEE"). Any Additional Mortgage may be a successor mortgage to the Security Interest granted to the Lender, or may be in addition to the Lender's Security Interest and previous Additional Mortgages and with a priority senior, equal or subordinate to the Lender's Security Interest and previous Additional Mortgages as the Lender and previous Additional Mortgagees may permit. In the case of any such grant by Lessor of an Additional Mortgage to an Additional Mortgagee in all or any portion of Lessor's rights, title and interest in and to the Aircraft and this Agreement, Lessee shall promptly, at the specific written request of Lessor and with Lessor paying all of Lessee's out-of-pocket costs and expenses:

Grants of Security Interests. The Lessor shall be entitled at any time after Delivery to grant a security interest in the Aircraft Leased Property or its right, title and interest in this Agreement (each, an "ADDITIONAL MORTGAGEAdditional Mortgage") in favor of any person Person (each, an "ADDITIONAL MORTGAGEEAdditional Mortgagee"). Any Additional Mortgage may be a successor mortgage to the Security Interest granted to the LenderMortgagee, or may be in addition to the LenderMortgagee's Security Interest and previous Additional Mortgages and with a priority senior, equal or subordinate to the LenderMortgagee's Security Interest and previous Additional Mortgages as the Lender Mortgagee and previous Additional Mortgagees may permit. In the case of any such grant by Lessor of an Additional Mortgage to an Additional Mortgagee in all or any portion of Lessor's rights, title and interest in and to the Aircraft and this Agreement, Lessee shall promptly, at the specific written request of Lessor and with Lessor paying all of Lessee's reasonable out-of-pocket costs and expenses:

Grants of Security Interests. The Lessor shall be entitled at any time after Delivery to grant a security interest in the Aircraft Leased Property or its right, title and interest in this Agreement (each, an "ADDITIONAL MORTGAGEAdditional Mortgage") in favor of any person Person (each, an "ADDITIONAL MORTGAGEEAdditional Mortgagee"). Any Additional Mortgage may be a successor mortgage to the Security Interest granted to the Lenderany Mortgagee, or may be in addition to the Lenderany Mortgagee's Security Interest and previous Additional Mortgages and with a priority senior, equal or subordinate to the Lenderany Mortgagee's Security Interest and previous Additional Mortgages as the Lender such Mortgagee and previous Additional Mortgagees may permit. In the case of any such grant by Lessor of an Additional Mortgage to an Additional Mortgagee in all or any portion of Lessor's rights, title and interest in and to the Aircraft and this Agreement, Lessee shall promptly, at the specific written request of Lessor and with Lessor paying all of Lessee's reasonable out-of-of- pocket costs and expenses:

Grants of Security Interests. The Lessor shall be entitled at any time after Delivery to grant a security interest in the Aircraft Leased Property or its right, title and interest in this Agreement (each, an "ADDITIONAL MORTGAGE") in favor of any person Person (each, an "ADDITIONAL MORTGAGEE"). Any Additional Mortgage may be a successor mortgage to the Security Interest granted to the LenderMortgagee, or may be in addition to the LenderMortgagee's Security Interest and previous Additional Mortgages and with a priority senior, equal or subordinate to the LenderMortgagee's Security Interest and previous Additional Mortgages as the Lender Mortgagee and previous Additional Mortgagees may permit. In the case of any such grant by Lessor of an Additional Mortgage to an Additional Mortgagee in all or any portion of Lessor's rights, title and interest in and to the Aircraft and this Agreement, Lessee shall promptly, at the specific written request of Lessor and with Lessor paying all of Lessee's reasonable out-of-pocket costs and expenses: