INSTALLATION OF ENGINES ON OTHER AIRFRAMES. Install or permit any Permitted Sublessee to install an Engine on an airframe leased to Lessee or such Permitted Sublessee, or purchased by Lessee or such Permitted Sublessee subject to a mortgage, security agreement, conditional sale or other secured financing arrangement, but only if (a) such airframe is free and clear of all Liens, except (i) the rights of the parties to such lease, or any such secured financing arrangement, covering such airframe and (ii) Liens of the type permitted by clauses (a) and (b) of Section 7.2.4 and (b) Lessee or Permitted Sublessee, as the case may be, shall have received from the lessor, mortgagee, secured party or conditional seller, in respect of such airframe, a written agreement (which may be a copy of the lease, mortgage, security agreement, conditional sale or other agreement covering such airframe), whereby such Person agrees that it will not acquire or claim any right, title or interest in, or Lien on, such Engine by reason of such Engine being installed on such airframe at any time while such Engine is subject to this Lease or is owned by Lessor.
Appears in 22 contracts
Samples: Lease Agreement (Continental Airlines Inc /De/), Funding Agreement (Republic Airways Holdings Inc), Lease Agreement (Atlas Air Worldwide Holdings Inc)
INSTALLATION OF ENGINES ON OTHER AIRFRAMES. Install or permit any Permitted Sublessee to install an Engine on an airframe leased to Lessee or such Permitted Sublessee, or purchased or owned by Lessee or such Permitted Sublessee subject to a mortgage, security agreement, conditional sale sale, or other secured financing arrangement, but only if (a) such airframe is free and clear of all Liens, Liens except (i1) the rights of the parties to such lease, lease or any such secured financing arrangement, covering such airframe airframe, and (ii2) Liens of the type permitted by clauses (a) and (b) of Section 7.2.4 ss. 7.2.4, and (b) Lessee or such Permitted Sublessee, as the case may be, shall have Sublessee has received from the lessor, mortgageesecured party, secured party or conditional seller, in respect of such airframe, a written agreement (which may be a copy of the lease, mortgage, security agreement, conditional sale agreement, or other agreement covering such airframe), whereby such Person agrees that it will not acquire or claim any right, title title, or interest in, or Lien on, such Engine by reason of the installation of such Engine being installed on such airframe at any time while such Engine is subject to this Lease or is owned by Lessor.
Appears in 2 contracts
Samples: Financing Agreement (Amtran Inc), Lease Agreement (Amtran Inc)
INSTALLATION OF ENGINES ON OTHER AIRFRAMES. Install or permit any Permitted Sublessee Lessee to install an Engine on an airframe leased to Lessee the Borrower or such Permitted SublesseeLessee, or purchased by Lessee the Borrower or such Permitted Sublessee Lessee and subject to a mortgage, security agreement, conditional sale or other secured financing arrangement, but only if (a) such airframe is free and clear of all Liens, except (i) the rights of the parties to such lease, or any such secured financing arrangement, covering such airframe and (ii) Liens of the type permitted by clauses (a) and (b) of Section 7.2.4 3.2(d) and (b) Lessee the Borrower or Permitted SublesseeLessee, as the case may be, shall have received from the lessor, mortgagee, secured party or conditional seller, in respect of such airframe, a written agreement (which may be a copy of the lease, mortgage, security agreement, conditional sale or other agreement covering such airframe), whereby such Person agrees that it will not acquire or claim any right, title or interest in, or Lien on, such Engine by reason of such Engine being installed on such airframe at any time while such Engine is subject to the Lien of this Lease or is owned by LessorSecurity Agreement.
Appears in 2 contracts
Samples: Aircraft Security Agreement (Republic Airways Holdings Inc), Aircraft Security Agreement (Republic Airways Holdings Inc)
INSTALLATION OF ENGINES ON OTHER AIRFRAMES. Install or permit any Permitted Sublessee to install an Engine on an airframe leased to Lessee or such Permitted Sublessee, or purchased or owned by Lessee or such Permitted Sublessee subject to a mortgage, security agreement, conditional sale sale, or other secured financing arrangement, but only if (a) such airframe is free and clear of all Liens, Liens except (i1) the rights of the parties to such lease, lease or any such secured financing arrangement, covering such airframe airframe, and (ii2) Liens of the type permitted by clauses (a) and (b) of Section 7.2.4 ss. 7.2.4, and (b) Lessee or such Permitted Sublessee, as the case may be, shall have Sublessee has received from the lessor, mortgageesecured party, secured party or oR conditional seller, in respect of such airframe, a written agreement (which may be a copy of the lease, mortgage, security agreement, conditional sale agreement, or other agreement covering such airframe), whereby such Person agrees that it will not acquire or claim any right, title title, or interest in, or Lien on, such Engine by reason of the installation of such Engine being installed on such airframe at any time while such Engine is subject to this Lease or is owned by Lessor.
Appears in 2 contracts
Samples: Financing Agreement (Amtran Inc), Lease Agreement (Amtran Inc)
INSTALLATION OF ENGINES ON OTHER AIRFRAMES. Install or permit any Permitted Sublessee to install an Engine on an airframe leased to Lessee or such Permitted Sublessee, or purchased by Lessee or such Permitted Sublessee and subject to a mortgage, security agreement, conditional sale or other secured financing arrangement, but only if (a) such airframe is free and clear of all Liens, except (i) the rights of the parties to such lease, or any such secured financing arrangement, covering such airframe and (ii) Liens of the type permitted by clauses (ai) and (bii) of Section 7.2.4 and (b) Lessee or Permitted Sublessee, as the case may be, shall have received from the lessor, mortgagee, secured party or conditional seller, in respect of such airframe, a written agreement (which may be a copy of the lease, mortgage, security agreement, conditional sale or other agreement covering such airframe), whereby such Person agrees that it will not acquire or claim any right, title or interest in, or Lien on, such Engine by reason of such Engine being installed on such airframe at any time while such Engine is subject to this Lease or is owned by Lessor.
Appears in 1 contract
Samples: Global Aircraft Transaction Agreement (Republic Airways Holdings Inc)
INSTALLATION OF ENGINES ON OTHER AIRFRAMES. Install or permit any Permitted Sublessee to install an Engine on an airframe leased to Lessee or such Permitted Sublessee, or purchased by Lessee or such Permitted Sublessee subject to a mortgage, security agreement, conditional sale or other secured financing arrangement, but only if (aA) such airframe is free and clear of all Liens, except (i1) the rights of the parties par- ties to such lease, or any such secured financing arrangement, covering such airframe and (ii2) Liens of the type permitted by clauses (aA) and (bB) of Section 7.2.4 6(b)(iv) and (bB) Lessee or Permitted Sublessee, as the case may be, shall have received from the lessor, mortgagee, secured party or conditional seller, in respect of such airframe, a written agreement (which may be a copy of the lease, mortgage, security agreement, conditional sale or other agreement covering such airframe), whereby such Person agrees that it will not acquire or claim any right, title or interest in, or Lien on, such Engine by reason of such Engine being installed on such airframe at any time while such Engine is subject to this Lease or is owned by Lessor.
Appears in 1 contract
Samples: Aircraft Lease Agreement (Atlas Air Worldwide Holdings Inc)