Common use of Grants of Security InterestsGrants of Security Interests Clause in Contracts

Grants of Security InterestsGrants 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, a "Mortgage") in favor of any Person (each, a "Mortgagee"). In the case of any such grant by Lessor of a Mortgage to a 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 and at the sole cost and expense of Lessor:

Appears in 4 contracts

Samples: Lease Agreement (Afg Investment Trust B), Lease Agreement (American Income Fund I-C LTD Partnership), Lease Agreement (American Income Fund I-D LTD Partnership)

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