Common use of Leasing Credit Memorandum Clause in Contracts

Leasing Credit Memorandum. Customer expressly intends to lease the Aircraft to a third party or parties (Lessee or Lessees) who is/are in the commercial airline business as aircraft operator(s). As an incentive for and in consideration of Customer entering into a lease for the 787-9 Aircraft prior to delivery of the 787-9 Aircraft to be leased, in accordance with the requirements set forth in the Purchase Agreement, Boeing will issue to Customer a Leasing Credit Memorandum, which under no circumstances may be assigned, in the following amount: 787-9 Block B Aircraft [*] [*] 787-9 Block C Aircraft [*] [*] 787-9 Block D Aircraft [*] [*]

Appears in 2 contracts

Samples: Supplemental Agreement (Air Lease Corp), Supplemental Agreement (Air Lease Corp)

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Leasing Credit Memorandum. Customer expressly intends to lease the Aircraft to a third party or parties (Lessee or Lessees) who is/are in the commercial airline business as aircraft operator(s). As an incentive for and in consideration of Customer entering into a lease for the 787-9 Aircraft prior to delivery of the 787-9 Aircraft to be leased, in accordance with the requirements set forth in the Purchase Agreement, Boeing will issue to Customer a Leasing Credit Memorandum, which under no circumstances may be assigned, in the following amount: 787-9 Block B Aircraft [*] [*] 787-9 Block C Aircraft [*] [*] 787-9 Block D Aircraft [*] [*]] 787-9 Block E Aircraft [*] [*] * Confidential material omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment. HAZ-PA-03659-LA-1301080R4 SA-10

Appears in 1 contract

Samples: Supplemental Agreement (Air Lease Corp)

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Leasing Credit Memorandum. Customer expressly intends to lease the Aircraft to a third party or parties (Lessee or Lessees) who is/are in the commercial airline business as aircraft operator(s). As an incentive for and in consideration of Customer entering into a lease for the 787-9 Aircraft prior to delivery of the 787-9 Aircraft to be leased, in accordance with the requirements set forth in the Purchase Agreement, Boeing will issue to Customer a Leasing Credit Memorandum, which under no circumstances may be assigned, in the following amount: 787-9 Block B Aircraft [*] [*] 787-9 Block C Aircraft [*] [*] 787-9 Block D Aircraft [*] [*]] 787-9 Block E Aircraft [*] [*] * Confidential material omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment.

Appears in 1 contract

Samples: Supplemental Agreement (Air Lease Corp)

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