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Common use of Nameplate Clause in Contracts

Nameplate. As soon as practicable after the Delivery Date, Lessee agrees to affix and thereafter to maintain in the cockpit of the Airframe adjacent to the airworthiness certificate and on each Engine a nameplate bearing the inscription "OWNED BY AND LEASED FROM FIRST SECURITY BANK OF UTAH, NATIONAL ASSOCIATION, AS OWNER TRUSTEE, OWNER AND LESSOR" and, so long as the Mortgage shall remain in effect, "SUBJECT TO A SECURITY INTEREST IN FAVOR OF PROGRESS CREDIT CORPORATION, MORTGAGEE" (such nameplate to be replaced, if necessary, with a nameplate reflecting the name of any successor Lessor or Lender, upon receipt of written notice from Lessor to such effect). Except as above provided, Lessee will not allow the name of any person, association or corporation to be placed on the Airframe or on any Engine as a designation that might be interpreted as a claim of ownership or Lien; provided that nothing herein contained shall prohibit Lessee (or any Permitted Sublessee) from placing its customary colors and insignia on the Airframe or any Engine or displaying information concerning the registration or manufacture of the Aircraft, the Airframe, any Engine or Part.

Appears in 3 contracts

Samples: Sale and Lease Agreement (American Income Fund I-E), Sale and Lease Agreement (American Income Fund I-E), Sale and Lease Agreement (American Income Fund I-E)

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Nameplate. As soon as practicable after the Delivery Date, Lessee agrees to affix within 10 days of the Delivery Date and thereafter to maintain in the cockpit of the Airframe adjacent to the airworthiness certificate and on each Engine a nameplate bearing the inscription "OWNED BY AND LEASED FROM FIRST SECURITY SHAWMUT BANK OF UTAHCONNECTICUT, NATIONAL ASSOCIATION, AS OWNER TRUSTEE, OWNER AND LESSOR" and, so long as the Mortgage Trust Indenture shall remain be in effect, "SUBJECT TO A SECURITY INTEREST IN FAVOR OF PROGRESS CREDIT CORPORATIONWILMINGTON TRUST COMPANY, MORTGAGEEAS INDENTURE TRUSTEE" (such nameplate to be replaced, if necessary, with a nameplate reflecting the name of any successor Lessor or Lender, upon receipt of written notice from Lessor to such effectsuccessor Indenture Trustee). Except as above provided, Lessee will not allow the name of any person, SALE AND LEASE AGREEMENT [N603SW] -23- 30 association or corporation to be placed on the Airframe or on any Engine as a designation that might be interpreted as a claim of ownership or Lienownership; provided provided, that nothing herein contained shall prohibit Lessee (or any Permitted Sublessee) from placing its customary colors and insignia on the Airframe or any Engine or displaying information concerning the registration or manufacture of the Aircraft, the Airframe, any Engine or Part.

Appears in 1 contract

Samples: Sale and Lease Agreement (Southwest Airlines Co)

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