Common use of Proprietary Rights, Possession and Related Items Clause in Contracts

Proprietary Rights, Possession and Related Items. 4.4.1 Lessee shall not transfer, represent itself as the title-holder or owner of, or abandon, any Engine Package. 4.4.2 Lessee shall not sublet or, save as expressly provided herein, part with possession of the Engine Package, save with the prior consent of Lessor. 4.4.3 Lessee shall not create or permit, and will promptly remove, any Lien (other than a Permitted Lien) on the Engine Package. 4.4.4 Lessee shall not permit installation of the Engine on any aircraft unless: (i) that installation will not, under Applicable Law and/or an extant contract, transfer any proprietary rights or interests in that Engine, and (ii) all parties having a proprietary interest in that aircraft have previously (a) executed a Recognition Agreement or (b) otherwise agreed in writing (which may be done in that party's leasing or financing contract with Lessee) to the items set out as (i)– (ii) in the Recognition Agreement. 4.4.5 Lessee shall take all reasonable actions to establish and protect the proprietary interests of Lessor in the Engine Package, and, if applicable, the priority thereof, in each case under Applicable Law, including: (i) the execution of documents, and making of filings and registrations; and (ii) affixing, as instructed, identification materials provided by Xxxxxx (and not removing the same). 4.4.6 To the extent specified in Part I, point 16 of the Lease Agreement, Lessee shall take actions of the type required by 4.4.5 in respect of the proprietary interests of other Additional Indemnitees and/or under laws other than the Applicable Laws, in either case, at the expense of the Party so specified.

Appears in 2 contracts

Samples: Master Short Term Engine Lease Agreement, Master Short Term Engine Lease Agreement

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Proprietary Rights, Possession and Related Items. 4.4.1 Lessee shall not transfer, represent itself as the title-holder or owner of, or abandon, any Engine Package. 4.4.2 Lessee shall not sublet or, save as expressly provided herein, part with possession of the Engine Package, save with the prior consent of Lessor. 4.4.3 Lessee shall not create or permit, and will promptly remove, any Lien (other than a Permitted Lien) on the Engine Package. 4.4.4 Lessee shall not permit installation of the Engine on any aircraft unless: (i) : that installation will not, under Applicable Law and/or an extant contract, transfer any proprietary rights or interests in that Engine, and (ii) and all parties having a proprietary interest in that aircraft have previously (a) executed a Recognition Agreement or (b) otherwise agreed in writing (which may be done in that party's leasing or financing contract with Lessee) to the items set out as (i)– (ii) in the Recognition Agreement. 4.4.5 Lessee shall take all reasonable actions to establish and protect the proprietary interests of Lessor in the Engine Package, and, if applicable, the priority thereof, in each case under Applicable Law, including: (i) the execution of documents, and making of filings and registrations; and (ii) affixing, as instructed, identification materials provided by Xxxxxx (and not removing the same). 4.4.6 To the extent specified in Part I, point 16 of the Lease Agreement, Lessee shall take actions of the type required by 4.4.5 in respect of the proprietary interests of other Additional Indemnitees and/or under laws other than the Applicable Laws, in either case, at the expense of the Party so specified.

Appears in 1 contract

Samples: Master Short Term Engine Lease Agreement

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Proprietary Rights, Possession and Related Items. 4.4.1 Lessee shall not transfer, represent itself as the title-holder or owner of, or abandon, any Engine Package. 4.4.2 Lessee shall not sublet or, save as expressly provided herein, part with possession of the Engine Package, save with the prior consent of Lessor. 4.4.3 Lessee shall not create or permit, and will promptly remove, any Lien (other than a Permitted Lien) on the Engine Package. 4.4.4 Lessee shall not permit installation of the Engine on any aircraft unless: (i) that installation will not, under Applicable Law and/or an extant contract, transfer any proprietary rights or interests in that Engine, and (ii) all parties having a proprietary interest in that aircraft have previously (a) executed a Recognition Agreement or (b) otherwise agreed in writing (which may be done in that party's leasing or financing contract with Lessee) to the items set out as (i)– i)- (ii) in the Recognition Agreement. 4.4.5 Lessee shall take all reasonable actions to establish and protect the proprietary interests of Lessor in the Engine Package, and, if applicable, the priority thereof, in each case under Applicable Law, including: (i) the execution of documents, and making of filings and registrations; and (ii) affixing, as instructed, identification materials provided by Xxxxxx Lessor (and not anx xxx removing the same). 4.4.6 To the extent specified in Part I, point 16 of the Lease Agreement, Lessee shall take actions of the type required by 4.4.5 in respect of the proprietary interests of other Additional Indemnitees and/or under laws other than the Applicable Laws, in either case, at the expense of the Party so specified.

Appears in 1 contract

Samples: Master Short Term Engine Lease Agreement (Air T Inc)

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