Common use of Possession and Leases Clause in Contracts

Possession and Leases. The Borrower will not, without the prior written consent of the Administrative Agent at the direction of the Lenders, which consent (and direction) will not be unreasonably withheld or delayed, lease or otherwise in any manner deliver, transfer or relinquish possession of the Airframe or any Engine or install or permit any Engine to be installed on any airframe other than the Airframe; provided that so long as no Event of Default shall have occurred and be continuing at the time of such delivery, transfer or relinquishment of possession or installation and the Borrower shall continue to comply with the provisions of Section 3.01 and Article VI, the Borrower may, without the prior written consent of the Administrative Agent:

Possession and Leases. The Borrower will not, without the prior written consent of the Administrative Agent at the --------------------- direction of the LendersLender, which consent (and direction) will not be unreasonably withheld or delayed, lease or otherwise in any manner deliver, transfer or relinquish possession of the any Airframe or any Engine or install or permit any Engine to be installed on any airframe other than the an Airframe; provided that so long as no Event of Default shall have occurred and be continuing at the time of such delivery, transfer or relinquishment of possession or installation and the Borrower shall continue to comply with the provisions of Section 3.01 and Article VI, the Borrower may, without the prior written consent of the Administrative Agent:

Possession and Leases. The Borrower will not, without the prior written consent of the Administrative Agent at the direction of the Lenders, which consent (and direction) will not be unreasonably withheld or delayed, lease or otherwise in any manner deliver, transfer or relinquish possession of the any Airframe or any Engine or install or permit any Engine to be installed on any airframe other than the an Airframe; provided that so long as no Event of Default shall have occurred and be continuing at the time of such delivery, transfer or relinquishment of possession or installation and the Borrower shall continue to comply with the provisions of Section 3.01 and Article VI, the Borrower may, without the prior written consent of the Administrative Agent: