No Increased Obligations. The Investment Manager, DITCML and the Company hereby confirm and acknowledge to CMIA that CMIA shall not be required to assume any greater obligation than was provided for under the Novated Agreement by reason of the novation constituted by this Agreement than would have been the case had no such novation taken place.
No Increased Obligations. Notwithstanding anything set out to the contrary in this Agreement, the Lessee’s obligations shall not be increased and its rights shall not be diminished and the Lessee shall not at any time be obligated to make any payment to the Existing Lessor, the New Lessor and/or any Indemnitee under or pursuant to the Lease or the Novated Lease which the Lessee would not have been required to make if this Agreement and the novation contemplated hereby had not become effective, it being understood that the addition of Indemnitees shall not of itself be deemed to constitute an increased obligation, provided that the Lessee’s aggregate payment obligations shall not increase.
No Increased Obligations. [Without prejudice to Xxxxxx’s obligations under this Agreement, the Lessee’s obligations under the Lease and the other [Operative / Transaction Documents] will not, as determined at the Effective Time based on the law in effect at the Effective Time, increase as a consequence of the novation contemplated by this Agreement. The following will not constitute by itself or in the aggregate an increase in the obligations of the Lessee under the Lease or any other [Operative / Transaction Document]: (a) entry into of this Agreement and/or any replacement [Operative / Transaction Document], (b) a change to the additional insureds or loss payee in respect of the [Insurances and Reinsurances], (c) an increase in the number of, or a change in the nature of, financiers or the beneficiaries under any indemnification, insurance or other obligation, (d) payment into multiple bank accounts or a change in the location of any bank accounts, (e) the execution of any documents relating to any financing arrangements of the New Lessor, (f) the putting in place of any head lease / sublease structure in respect of the Aircraft in connection with the novation contemplated by this Agreement, (g) the transfer, assignment, amendment or reissuance of any letters of credit, (h) the completion of any necessary filings in connection with the novation contemplated by this Agreement, or (i) a change to, or the implementation of, any servicing arrangements in respect of the Aircraft and/or the Lease.]6
No Increased Obligations. [Without prejudice to Xxxxxx’s obligations under this Agreement, Xxxxxx’s obligations under the Lease will not, as determined at the Effective Time based on the law in effect at the Effective Time, increase as a consequence of the novation contemplated by this Agreement. Neither a change in the person or persons to whom, or for whose benefit, Lessee performs its obligations under the Lease, nor an increase in the number of, or change in the nature of, beneficiaries under any indemnification, 5 Only include where the Cape Town Convention will apply to the Novated Lease, in which case, in addition to registering the international interests constituted by the Novated Lease, it is advisable to register an assignment of any existing lease international interest registrations (to address the possibility that this Agreement constitutes an assignment of the existing lease international interests rather than creating new lease international interests). insurance or other obligation will, in each case, constitute by itself or in the aggregate an increase in the obligations of Lessee under the Lease.]6
No Increased Obligations. [Without prejudice to Xxxxxx’s obligations under this Agreement, Xxxxxx’s obligations under the Lease will not, as determined at the Effective Time based on the law in effect at the Effective Time, increase as a consequence of the novation contemplated by this Agreement. Neither a change in the person or persons to whom, or for whose benefit, Lessee performs its obligations under the Lease, nor an increase in the number of, or change in the nature of, beneficiaries under any indemnification, insurance or other obligation will, in each case, constitute by itself or in the aggregate an increase in the obligations of Lessee under the Lease.]6
