Gulfstream Plane Sample Clauses

Gulfstream Plane. Xxxx, on behalf of himself, Ascension, and other owners of Ascension, as acknowledged in Exhibit F, shall surrender all rights and claims to and turn over and relinquish the possession of the Gulfstream Plane on or before the Effective Date. The Gulfstream Plane shall be surrendered in good condition and, other than as disclosed by Hurt in Exhibit A of this Agreement, shall be unencumbered by any lien, claim, or right of any person or entity. The Gulfstream Plane shall be accompanied by all of its records, to include but not be limited to all logs (airframe, engines, APU, etc.), any available work packages, any engineering dispositions, 337s, wiring diagrams, spare parts, core parts pending exchange, etc. To the extent such records are not in Defendants’ possession, custody or control, Defendants shall direct the appropriate agent to turn over such records. The transfer of all programs the Gulfstream Plane is enrolled into to the United States shall include but not be limited to: Rolls Royce Corporate Care-engines, Honeywell MSP- APU, CMP maintenance tracking, and shall be effectuated by those entities or persons with authority to do so, including Hurt. Defendants shall remain current with such programs as a material condition of such transfer/assignment. Any mortgages, and any taxes or fees due to any governmental entity, with respect to the Gulfstream Plane, shall be current and in good standing as of the Effective Date, other than as disclosed by Hurt in Exhibit A to this Agreement. The United States shall have full access to the Gulfstream Plane and may, at its sole discretion, relocate the Gulfstream Plane to another location. Hurt shall take all actions and execute all documents requested by the United States, the Trustee, or their agent(s) to effectuate the sale of the Gulfstream Plane and transfer of any enrolled programs. The United States may designate Hurt as an agent for the purposes of executing the sale of the plane and transferring all proceeds of the sale to the United States. The proceeds of the sale of the Gulfstream Plane transferred to the United States, on behalf of Hurt, Ascension, and its owners, are restitution to the United States. Xxxx, on behalf of himself and Ascension Aviation, LLC, on behalf of itself, acknowledge that certain lien proceedings have been filed with respect to the Gulfstream Plane in Broward County, Florida, captioned Sea Note Aviation, LLC, v. Ascension Aviation, LLC, and one Gulfstream Aerospace Model G-V Jet ...
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Related to Gulfstream Plane

  • NOW, THEREFORE the parties hereto agree as follows:

  • Entire Agreement This Agreement constitutes the entire agreement between the parties hereto with respect to the subject matter contained in this Agreement and supersedes all prior agreements, understandings and negotiations between the parties.

  • Miscellaneous The Vendor acknowledges and agrees that continued participation in TIPS is subject to TIPS sole discretion and that any Vendor may be removed from the participation in the Program at any time with or without cause. Nothing in the Agreement or in any other communication between TIPS and the Vendor may be construed as a guarantee that TIPS or TIPS Members will submit any orders at any time. TIPS reserves the right to request additional proposals for items or services already on Agreement at any time.

  • Definitions For purposes of this Agreement:

  • WHEREAS the Company desires the Warrant Agent to act on behalf of the Company, and the Warrant Agent is willing to so act, in connection with the issuance, registration, transfer, exchange, redemption and exercise of the Warrants; and

  • Termination This Agreement may be terminated at any time prior to the Closing:

  • IN WITNESS WHEREOF the parties hereto have executed this Agreement as of the day and year first above written.

  • Notices Any notice, request or other document required or permitted to be given or delivered to the Holder by the Company shall be delivered in accordance with the notice provisions of the Purchase Agreement.

  • Severability Any provision of this Agreement that is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.

  • Governing Law This Agreement shall be governed by and construed in accordance with the laws of the State of New York.

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