No Security Interests. LESSEE will not create or agree or permit to arise any Lien (other than Permitted Liens) on or with respect to the Aircraft, title thereto or any interest therein. LESSEE will forthwith, at its own expense, take all action as may be necessary to discharge or remove any such Lien if it exists at any time. LESSEE will promptly, but in no event later than seventy-two (72) hours after becoming aware of the existence of any such Lien give written notice thereof to LESSOR.
Appears in 4 contracts
Samples: Aircraft Lease Agreement (American Income Fund I-C), Aircraft Lease Agreement (Afg Investment Trust B), Aircraft Lease Agreement (American Income Fund I-D)
