Common use of Lessee in Possession Clause in Contracts

Lessee in Possession. The Buyer acknowledges that the Aircraft will, following the transfer of title contemplated by clause 5.3, remain in the possession of the Lessee, and the Seller shall not be obliged to give or effect physical delivery of the Aircraft to the Buyer.

Appears in 5 contracts

Samples: Purchase Agreement, Purchase Agreement, Aircraft Sale and Purchase Agreement (Aerocentury Corp)

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