Common use of LESSOR'S INTEREST IN CERTAIN ENGINES Clause in Contracts

LESSOR'S INTEREST IN CERTAIN ENGINES. Lessor hereby agrees, for the benefit of the lessor, conditional vendor or secured party of any airframe or any engine leased, purchased or owned by Lessee (or any Permitted Sublessee) subject to a lease, conditional sale or other security agreement, that Lessor will not acquire or claim, as against such lessor, conditional vendor or secured party, any right, title or interest in any engine or engines as the result of such engine or engines being installed on the Airframe at any time while such engine or engines are subject to such lease, conditional sale or other security agreement, provided however, that such agreement of Lessor shall not be for the benefit of any lessor, conditional vendor or secured party of any airframe or any engine leased, purchased or owned by Lessee (or any Permitted Sublessee) subject to a lease, conditional sale or other security agreement, unless such lessor, conditional vendor, or secured party has expressly agreed (which agreement may be contained in such lease, conditional sale or other security agreement) that neither it nor its successors or assigns will acquire or claim, as against Lessor, any right, title or interest in an Engine as a result of such Engine being installed on such airframe subject to such lease, conditional sale or security agreement.

Appears in 5 contracts

Samples: Lease Agreement (American Airlines, Inc.), Letter Agreement (American Airlines, Inc.), Lease Agreement (Amr Corp)

AutoNDA by SimpleDocs

LESSOR'S INTEREST IN CERTAIN ENGINES. If Lessee or a Permitted Sublessee shall have received from the lessor, conditional seller, or secured party, in respect of any airframe leased to, or owned by, Lessee or any Permitted Sublessee and subject to a lease, conditional sale, or other security agreement, a written agreement complying with clause (b) of § 7.2.5, then Lessor hereby agrees, for the benefit of the each lessor, conditional vendor seller, or secured party of any airframe or any engine leasedleased to, purchased by, or owned by Lessee (or any such Permitted Sublessee) Sublessee and subject to a lease, conditional sale sale, or other security agreement, that Lessor will not acquire or claim, as against such lessor, conditional vendor seller, or secured party, any right, title title, or interest in any such engine or engines as the result of the installation of such engine or engines being installed on the Airframe at any time while such engine or engines are is subject to such lease, conditional sale sale, or other security agreement, provided however, that such agreement of Lessor shall not be for the benefit of any lessor, conditional vendor or secured party of any airframe or any engine leased, purchased or and owned by Lessee (such lessor or any Permitted Sublessee) conditional seller or subject to a lease, conditional sale or other security agreement, unless such lessor, conditional vendor, or secured party has expressly agreed (which agreement may be contained in such lease, conditional sale or other security agreement) that neither it nor its successors or assigns will acquire or claim, as against Lessor, any right, title or interest in an Engine as a result favor of such Engine being installed on such airframe subject secured party. *** Material has been omitted pursuant to such lease, conditional sale or security agreement.a request for confidential treatment and filed separately with the SEC

Appears in 1 contract

Samples: Lease Agreement N483ha* (Hawaiian Holdings Inc)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.