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 each lessor, conditional seller, or secured party of any engine (other than an 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 seller, or secured party, any right, title, or interest in such engine as the result of the installation of such engine on the Airframe at any time while such engine is subject to such lease, conditional sale, or other security agreement and owned by such lessor or conditional seller or subject to a security interest in favor of such secured party.

Appears in 3 contracts

Samples: Participation Agreement (Amtran Inc), Lease Agreement (Amtran Inc), Lease Agreement (Amtran Inc)

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LESSOR'S INTEREST IN CERTAIN ENGINES. Lessor hereby agrees for the benefit of each lessor, conditional seller, or secured party of any engine (other than an 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 seller, or secured party, any right, title, or interest in such any engine as the result of the installation of such engine on the Airframe at any time while such engine is subject to such lease, conditional sale, or other security agreement and owned by such lessor or conditional seller or subject to a security interest in favor of such secured party.

Appears in 1 contract

Samples: Note Purchase Agreement (Airtran Holdings Inc)

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