Common use of Instructions by AerCo Group Clause in Contracts

Instructions by AerCo Group. If AerCo, by Special Board Resolution, determines that an action being taken by the Servicer under this Agreement is not in the best interests of AerCo Group, then AerCo shall deliver written notice to the Servicer directing the Servicer to limit or terminate such action or to take other action authorized or contemplated by this Agreement (including leases, sales or disposals of any Aircraft Asset) or the applicable Lease which is described in reasonable detail in such notice and, upon receipt of such written notice, the Servicer shall comply with the terms thereof.

Appears in 3 contracts

Samples: Servicing Agreement (Aerco LTD), Servicing Agreement (Aerco LTD), Servicing Agreement (Aerco LTD)

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Instructions by AerCo Group. If AerCo, by Special Board Resolutionmajority vote of the Directors, determines that an action being taken by the Servicer under this Agreement is not in the best interests of the AerCo Group, then AerCo shall may deliver written notice to the Servicer directing the Servicer to limit or terminate such action or to take other action authorized or contemplated by this Agreement (including leases, sales or disposals of any Aircraft Asset) or the applicable Lease which is described in reasonable detail in such notice and, upon receipt of such written notice, the Servicer shall comply with the terms thereof.

Appears in 1 contract

Samples: Servicing Agreement (Aerco LTD)

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