Common use of LESSOR'S LENDER Clause in Contracts

LESSOR'S LENDER. Subject to LESSEE's rights pursuant to this Lease, LESSOR may at any time and without LESSEE's consent grant security interests over the Aircraft and assign the benefit of this Lease to a lender ("LESSOR'S LENDER") as security for LESSOR's obligations to LESSOR's Lender. Accordingly, if LESSOR's Lender requires, as a condition to providing financing, any nonsubstantive modification of this Lease, LESSEE agrees to enter into an agreement so modifying this Lease.

Appears in 28 contracts

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

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LESSOR'S LENDER. Subject to LESSEE's ’s rights pursuant to this Lease, LESSOR may at any time and without LESSEE's ’s consent grant security interests over the Aircraft and assign the benefit of this Lease to a lender ("LESSOR'S LENDER"’s Lender”) as security for LESSOR's ’s obligations to LESSOR's ’s Lender. Accordingly, if LESSOR's ’s Lender requires, as a condition to providing financing, any nonsubstantive modification of this Lease, LESSEE agrees to enter into an agreement so modifying this Lease.

Appears in 5 contracts

Samples: Aircraft Lease Agreement (Controladora Vuela Compania De Aviacion, S.A.B. De C.V.), Aircraft Lease Agreement (Controladora Vuela Compania De Aviacion, S.A.B. De C.V.), Aircraft Lease Agreement (Controladora Vuela Compania De Aviacion, S.A.B. De C.V.)

LESSOR'S LENDER. Subject to LESSEE's rights pursuant to this Lease, LESSOR may at any time and without LESSEE's consent grant security interests over the Aircraft and assign the benefit of this Lease to a lender ("LESSOR'S LENDER's Lender") as security for LESSOR's obligations to LESSOR's Lender. Accordingly, if LESSOR's Lender requires, as a condition to providing financing, any nonsubstantive modification of this Lease, LESSEE agrees to enter into an agreement so modifying this Lease.

Appears in 4 contracts

Samples: Aircraft Lease Agreement (Frontier Airlines Inc /Co/), Aircraft Lease Agreement (Frontier Airlines Inc /Co/), Aircraft Lease Agreement (Frontier Airlines Inc /Co/)

LESSOR'S LENDER. Subject to LESSEE's rights pursuant to this Lease, LESSOR may at any time and without LESSEE's consent grant security interests over the Aircraft and assign the benefit of this Lease to a lender ("LESSOR'S LENDER") as security for LESSOR's obligations to LESSOR's Lender. Accordingly, if LESSOR's Lender requires, as a condition to providing financing, any reasonable, nonsubstantive modification of this Lease, LESSEE agrees to enter into an agreement so modifying this Lease.

Appears in 2 contracts

Samples: Aircraft Lease Agreement (Copa Holdings, S.A.), Aircraft Lease Agreement (Copa Holdings, S.A.)

LESSOR'S LENDER. Subject to LESSEE's rights pursuant to this Lease, LESSOR may at any time and without LESSEE's consent grant security interests over the Aircraft and assign the benefit of this Lease to a lender ("LESSOR'S LENDER's Lender") as security for LESSOR's obligations to LESSOR's Lender. Accordingly, if LESSOR's Lender requires, as a condition to providing financing, any nonsubstantive modification of this LeaseLease which does not materially affect the rights and obligations of LESSEE hereunder, LESSEE agrees to enter into an agreement so modifying this Lease.

Appears in 1 contract

Samples: Aircraft Lease Agreement (Hawaiian Airlines Inc/Hi)

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LESSOR'S LENDER. Subject to LESSEE's ’s rights pursuant to this Lease, LESSOR may at any time and without LESSEE's ’s consent grant security interests over the Aircraft and assign the benefit of this Lease to a lender ("LESSOR'S ’S LENDER") as security for LESSOR's ’s obligations to LESSOR's ’s Lender. Accordingly, if LESSOR's ’s Lender requires, as a condition to providing financing, any reasonable, nonsubstantive modification of this Lease, LESSEE agrees to enter into an agreement so modifying this Lease.

Appears in 1 contract

Samples: Aircraft Lease Agreement (Copa Holdings, S.A.)

LESSOR'S LENDER. Subject to LESSEE's ’s rights pursuant to this Lease, LESSOR may at any time and without LESSEE's ’s consent grant security interests over the Aircraft and assign the benefit of this Lease to a lender ("LESSOR'S LENDER"’s Lender”) as security for LESSOR's ’s obligations to LESSOR's ’s Lender. Accordingly, if LESSOR's Lender requires, as a condition to providing financing, any nonsubstantive modification of this Lease, LESSEE agrees to enter into an agreement so modifying this Lease.

Appears in 1 contract

Samples: Aircraft Lease Agreement (Frontier Airlines Inc /Co/)

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