Purchase of Aircraft. Section 2.01 Firm Aircraft, Purchase Prices and Delivery Dates . . . . . . . . . . . . . . . . 9 Section 2.02
Purchase of Aircraft. The Borrower shall not, and the Borrower shall procure that no Owner or Intermediate Lessor shall, purchase, directly or indirectly, any aircraft, engines or other assets other than the Aircraft and the rights related thereto (other than any acquisition of parts and/or Engines that is expressly contemplated pursuant to the terms of any Portfolio Lease).
Purchase of Aircraft. Subject to the terms and conditions of this Agreement, Seller agrees to purchase the Aircraft from Boeing, to sell the Aircraft to Buyer, and Buyer agrees to purchase, or cause to be purchased from Seller, each of the Aircraft.
Purchase of Aircraft. (a) If this Lease has not been terminated, (i) the Lessee shall have the option to purchase the Aircraft at any time on any Basic Rent Date before the expiration of the Basic Lease Term at a purchase price equal to the Casualty Value of the Aircraft on such Basic Rent Date (such Basic Rent Date, the Purchase Date) and (ii) the Lessee shall purchase the Aircraft on the Expiration Date for a purchase price equal to $1.00 plus, in each case, all applicable sales taxes, if any, with respect to such purchase.
(b) Not less than 30 days prior to the Purchase Date, the Lessee may indicate, by written notice to the Lessor, the Lessee's intention to exercise the Lessee's purchase option described above.
(c) On the Purchase Date or on the Expiration Date, as the case may be, the Lessee shall purchase from the Lessor and the Lessor shall sell to the Lessee, on an as is, where is basis with any and all faults, without representation or warranty (except as to the absence of Lessor Liens), the Aircraft for a cash consideration, payable in immediately available funds, equal to the applicable purchase price thereof plus all applicable sales taxes, if any, with respect to such purchase plus all accrued and unpaid Basic Rent and all Supplemental Rent then due. Upon payment of such cash consideration, the Lessor shall, upon the request of the Lessee, execute and deliver to the Lessee, or to the Lessee's assignee or nominee, a bill of sale, xxthout representations or warranties (except as to Lessor Liens), for the Aircraft, together with such other documents as may be required to release the Aircraft from the terms and scope of this Lease and to transfer title thereto to the Lessee or such assignee or nominee, in such form as may reasonably be requested by the Lessee, all at the Lessee's expense. Such sale shall be closed in a jurisdiction reasonably designated by the Lessee and reasonably acceptable to the Lessor."
6. Section 17 (a) is amended by replacing the text beginning with the third sentence in clause (ii) and ending with the last sentence thereof in its entirety with the following: "The Lessee shall, without further demand, forthwith pay to the Lessor an amount equal to any unpaid Rent due and payable for all periods up to and including the Basic Rent Date following the date on which the Lessor has declared this Lease to be in default, plus, as liquidated damages for loss of a bargain and not as a penalty, an amount equal to the Casualty Value of the Aircraft on such ...
Purchase of Aircraft. Upon and subject to the terms and conditions of this Agreement, Purchaser hereby agrees with Seller that, on the relevant Delivery Date, it will (or it will cause the relevant Purchaser Nominee to), in respect of the relevant Aircraft:
(a) pay the Purchase Price to Airframe Manufacturer; and
(b) take title to and accept Delivery of the Aircraft from Seller.
Purchase of Aircraft. 4 Section 2.02 Progress Payments and Purchase Price 4 Section 2.03 Payment of Purchase Price and Other Amounts on Delivery of each Aircraft 4 ARTICLE 3 AIRCRAFT DELIVERY, TITLE, RISK OF LOSS 4 Section 3.01 Delivery of Aircraft 4 Section 3.02 Place of Delivery 5 Section 3.03 Aircraft Delivery Procedures 5 Section 3.04 Title and Risk of Loss 5 Section 3.05 Conditions to Obligations of Buyer to Purchase each Aircraft 5 Section 3.06 Conditions to Seller's Obligations to Sell the Aircraft 7 Section 3.07 Cooperation with Buyer's Financing of the Aircraft 8
Purchase of Aircraft. 44 5. PAYMENTS............................................................... 44 5.1 SECURITY DEPOSIT AND LETTER OF CREDIT:............................ 44
Purchase of Aircraft. Lessee agrees that Lessor's obligation to deliver the Aircraft to Lessee under the terms of this Agreement is expressly subject to Lessor obtaining good title to the Aircraft from Initial Purchaser pursuant to the Aircraft Purchase Agreement.
Purchase of Aircraft. Subject to the terms and conditions of this Agreement, on the Closing Date Seller agrees to sell to Buyer, and Buyer agrees to purchase from Seller, all of Seller’s right, title and interest in and to the Aircraft and Technical Records, free and clear of all Liens (other than Permitted Liens). Seller and Buyer each agrees to perform and observe all terms, conditions, obligations and agreements to be performed or observed by it hereunder and under the other Operative Documents to which it is a party. Time is of the essence, and the parties agree to take all action as may be reasonably required to complete the purchase and sale of the Aircraft as promptly as possible.
Purchase of Aircraft. Upon any purchase of any Aircraft by a Lessee or its designee pursuant to the terms of Section 5 of the Lease for such Aircraft and provided the Secured Obligations represented by or relating to such Aircraft and any other Secured Obligations then due and owing have been finally paid in full, the Security Trustee agrees that it will, at such Lessee's sole cost and expense, execute such documents as may be reasonably requested by such Lessee or GFC to release such Aircraft from the Lien of the Security Documents.