Common use of No Lease Defaults Clause in Contracts

No Lease Defaults. Except if and as set forth in the First Disclosure Letter and, with respect to each Initial Asset, any Supplemental Disclosure Letter relating to such Initial Asset, to Xxxxxx’x knowledge no Material Default has occurred and is continuing under the Lease in respect of any Initial Asset.

Appears in 4 contracts

Samples: Asset Purchase Agreement (Willis Lease Finance Corp), Asset Purchase Agreement (Willis Lease Finance Corp), Asset Purchase Agreement (Willis Lease Finance Corp)

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No Lease Defaults. Except if and as set forth in the First Disclosure Letter and, with respect to each Initial Asset, any Supplemental Disclosure Letter relating to such Initial Asset, to Xxxxxx’x knowledge no Material Default has occurred and is continuing under the Lease in respect of any Initial Asset.. 11

Appears in 1 contract

Samples: Asset Purchase Agreement (Willis Lease Finance Corp)

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