Common use of Possession of Engines Clause in Contracts

Possession of Engines. (a) During the Term, Lessee shall be entitled to the possession and use of each of the Engines. Lessee shall not, without the prior written consent of Lessor, transfer possession of any of the Engines to any person or entity; provided, however, that, so long as no Event of Default shall have occurred and be continuing, Lessee may, without the prior written consent of Lessor, exercise the following rights.

Appears in 5 contracts

Samples: Air Transportation Services Agreement (Air Transport Services Group, Inc.), Air Transportation Services Agreement (Air Transport Services Group, Inc.), Air Transportation Services Agreement (Air Transport Services Group, Inc.)

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Possession of Engines. (a) 6.2.1. During the Term, Lessee shall will be entitled to the possession and use of each of the Engines. Except in the case of a Carrier Sublease, or Sublease or other agreement that Lessee shall has entered into in accordance with Section 6.1, Lessee will not, without the prior written consent of Lessor, transfer possession of any of the Engines to any person or entity; provided, however, except that, so long as no Lessee Event of Default shall have has occurred and be is continuing, Lessee may, without the prior written consent of Lessor, exercise the following additional rights.:

Appears in 1 contract

Samples: Air Transportation Services Agreement (Air Transport Services Group, Inc.)

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