Common use of Options and Other Rights Clause in Contracts

Options and Other Rights. The Servicer shall be authorized to take such action as it shall deem reasonably necessary or appropriate with respect to: (a) The exercise by any Lessee or other party of any option or right affecting the applicable Aircraft Asset or the applicable Lease, consistent with the terms of any such option or right; and (b) The exercise on behalf of any Person within AerCo Group of any right or option that such Person may have with respect to any of the Aircraft Assets or the Leases, but subject to any directions in that respect which may previously have been issued by AerCo.

Appears in 2 contracts

Samples: Servicing Agreement (Aerco LTD), Servicing Agreement (Aerco LTD)

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Options and Other Rights. The Servicer shall be authorized to take such action as it shall deem reasonably necessary or appropriate with respect to: (a) The the exercise by any Lessee or other party of any option or right affecting the applicable Aircraft Asset or the applicable Lease, consistent with the terms of any such option or right; and (b) The the exercise on behalf of any Person within AerCo the AFT Group (or, with respect to any Original Aircraft, the owner) of any right or option that such Person (or such owner) may have with respect to any of the Aircraft Assets or the Leases, but subject to any directions in that respect which may previously have been issued by AerCo.

Appears in 1 contract

Samples: Servicing Agreement (Aircraft Finance Trust)

Options and Other Rights. The Servicer shall be authorized to take such action as it shall deem reasonably necessary or appropriate with respect to: (a) The exercise by any Lessee or other party of any option or right affecting the applicable Aircraft Asset or the applicable Lease, consistent with the terms of any such option or right; and (b) The exercise on behalf of any Person within AerCo Group of any right or option that such Person may have with respect to any of the Aircraft Assets or the Leases, but subject to any directions in that respect which may previously have been issued by AerCo.

Appears in 1 contract

Samples: Servicing Agreement (Aerco LTD)

Options and Other Rights. The Servicer shall be authorized to take such action as it shall deem reasonably necessary or appropriate with respect to: (a) The the exercise by any Lessee or other party of any option or right affecting the applicable Aircraft Asset or the applicable Lease, consistent with the terms of any such option or right; and (b) The the exercise on behalf of any Person within AerCo the MSAF Group of any right or option that such Person may have with respect to any of the Aircraft Assets or the Leases, but subject to any directions Leases provided such exercise is in that respect which may previously have been issued by AerCoaccordance with the terms of the relevant Lease.

Appears in 1 contract

Samples: Servicing Agreement (Morgan Stanley Aircraft Finance)

Options and Other Rights. The Servicer shall be authorized to take such action as it shall deem reasonably necessary or appropriate with respect to: (a) The the exercise by any Lessee or other party of any option or right affecting the applicable Aircraft Asset or the applicable Lease, consistent with the terms of any such option or right; and (b) The the exercise on behalf of any Person within AerCo the GFL Group of any right or option that such Person may have with respect to any of the Aircraft Assets or the Leases, but subject to any directions in that respect which may previously have been issued by AerCo.

Appears in 1 contract

Samples: Servicing Agreement (Genesis Lease LTD)

Options and Other Rights. The Servicer shall be authorized to take such action as it shall deem reasonably necessary or appropriate with respect to: (a) The the exercise by any Lessee or other party of any option or right affecting the applicable Aircraft Asset or the applicable Lease, consistent with the terms of any such option or right; and (b) The the exercise on behalf of any Person within AerCo the LIFT Group (or, with respect to any Original Aircraft, the owner) of any right or option that such Person (or such owner) may have with respect to any of the Aircraft Assets or the Leases, but subject to any directions in that respect which may previously have been issued by AerCo.

Appears in 1 contract

Samples: Servicing Agreement (Lease Investment Flight Trust)

Options and Other Rights. The Servicer shall be authorized to take such action as it shall deem reasonably necessary or appropriate with respect to: (a) The the exercise by any Lessee or other party of any option or right affecting the applicable Aircraft Asset or the applicable Lease, consistent with the terms of any such option or right; and (b) The the exercise on behalf of any Person within AerCo the Genesis Group of any right or option that such Person may have with respect to any of the Aircraft Assets or the Leases, but subject to any directions in that respect which may previously have been issued by AerCo.

Appears in 1 contract

Samples: Master Servicing Agreement (Genesis Lease LTD)

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Options and Other Rights. The Servicer shall be authorized to take such action as it shall deem reasonably necessary or appropriate with respect to: (a) The the exercise by any Lessee or other party of any option or right affecting the applicable Aircraft Asset or the applicable Lease, consistent with the terms of any such option or right; and (b) The the exercise on behalf of any Person within AerCo the Company Group of any right or option that such Person may have with respect to any of the Aircraft Assets or the Leases, but subject to any directions in that respect which may previously have been issued by AerCo.

Appears in 1 contract

Samples: Servicing Agreement (Babcock & Brown Air LTD)

Options and Other Rights. The Servicer shall be authorized to take such action as it shall deem reasonably necessary or appropriate with respect to: (a) The the exercise by any Lessee or other party of any option or right affecting the applicable Aircraft Asset or the applicable Lease, consistent with the terms of any such option or right; and (b) The the exercise on behalf of any Person within AerCo the GAL Group of any right or option that such Person may have with respect to any of the Aircraft Assets or the Leases, but subject to any directions in that respect which may previously have been issued by AerCo.

Appears in 1 contract

Samples: Servicing Agreement (Genesis Lease LTD)

Options and Other Rights. The Servicer shall be authorized to take such action as it shall deem reasonably necessary or appropriate with respect to: (a) The exercise by any Lessee or other party of any option or right affecting the applicable Aircraft Asset or the applicable Lease, consistent with the terms of any such option or right; and (b) The exercise on behalf of any Person within AerCo Group of any right or option that such Person may have with respect to any of the Aircraft 84 Assets or the Leases, but subject to any directions in that respect which may previously have been issued by AerCo.

Appears in 1 contract

Samples: Servicing Agreement (Aerco LTD)

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