Common use of Quarterly Meeting Directions Clause in Contracts

Quarterly Meeting Directions. At each quarterly meeting contemplated by Section 5.01 of the Servicing Agreement, the Servicer will be advised by Genesis if there are MSA Aircraft Assets which Genesis instructs the Servicer to sell pursuant to Section 4 of this Schedule 2.02(a) of the Servicing Agreement, and, with respect to any MSA Aircraft Asset with a Lease expiring within the next twelve (12) months of the end of the preceding calendar quarter, whether such MSA Aircraft Asset is not to be remarketed for lease or an extension of a Loan because such MSA Aircraft Asset is to be converted to a freighter aircraft (and is to be remarketed for lease after giving effect to such conversion) of is to be free and clear of a Lease (it being agreed that in the absence of an instruction not to remarket an MSA Aircraft Asset for lease), such MSA Aircraft Asset shall be remarketed for lease and in any event a MSA Aircraft Asset shall continue to be remarketed for lease (or an extension of an existing Lease), and notwithstanding any contrary institutions, may be leased if the Servicer has entered into any preliminary agreements (such as a letter of intent) with respect thereto or has entered into a lease or lease extension with respect thereto.

Quarterly Meeting Directions. At each quarterly meeting contemplated by Section 5.01 of the Servicing Agreement, the Servicer will be advised by Genesis the Company if there are MSA Aircraft Assets which Genesis the Company instructs the Servicer to sell pursuant to Section 4 of this Schedule 2.02(a) of the Servicing Agreement, and, with respect to any MSA Aircraft Asset with subject to a Lease expiring within the next twelve (12) months of the end of the preceding calendar quarter, whether if such MSA Aircraft Asset is not to be remarketed for lease or an extension of a Loan Lease because such MSA Aircraft Asset is to be converted to a freighter aircraft (and is to be remarketed for lease after giving effect to such conversion) of or is to be sold free and clear of a Lease (it being agreed that in the absence of an instruction not to remarket an MSA Aircraft Asset for lease), such MSA Aircraft Asset shall be remarketed for lease and in any event a MSA an Aircraft Asset shall continue to be remarketed for lease (or an extension of an existing Lease), and notwithstanding any contrary institutionsinstruction, may be leased if the Servicer has entered into any preliminary agreements agreement (such as a letter of intent) with respect thereto or has entered into a lease or lease extension with respect thereto).

Quarterly Meeting Directions. At each quarterly meeting contemplated by Section 5.01 of the Servicing Agreement, the Servicer will be advised by Genesis GAL if there are MSA Aircraft Assets which Genesis GAL instructs the Servicer to sell pursuant to Section 4 of this Schedule 2.02(a) of the Servicing Agreement, and, with respect to any MSA Aircraft Asset with a Lease expiring within the next twelve (12) months of the end of the preceding calendar quarter, whether such MSA Aircraft Asset is not to be remarketed for lease or an extension of a Loan Lease because such MSA Aircraft Asset is to be converted to a freighter aircraft (and is to be remarketed for lease after giving effect to such conversion) of or is to be free and clear of a Lease (it being agreed that in the absence of an instruction not to remarket an MSA Aircraft Asset for lease), such MSA Aircraft Asset shall be remarketed for lease and in any event a MSA an Aircraft Asset shall continue to be remarketed for lease (or an extension of an existing Lease), and notwithstanding any contrary institutionsinstructions, may be leased if the Servicer has entered into any preliminary agreements (such as a letter of intent) with respect thereto or has entered into a lease or lease extension with respect thereto.

Quarterly Meeting Directions. At each quarterly meeting contemplated by Section 5.01 of the Servicing Agreement, the Servicer will be advised by Genesis GFL if there are MSA Aircraft Assets which Genesis GFL instructs the Servicer to sell pursuant to Section 4 of this Schedule 2.02(a) of the Servicing Agreement, and, with respect to any MSA Aircraft Asset with subject to a Lease expiring within the next twelve (12) months of the end of the preceding calendar quarter, whether if such MSA Aircraft Asset is not to be remarketed for lease or an extension of a Loan Lease because such MSA Aircraft Asset is to be converted to a freighter aircraft (and is to be remarketed for lease after giving effect to such conversion) of or is to be sold free and clear of a Lease (it being agreed that in the absence of an instruction not to remarket an MSA Aircraft Asset for lease), such MSA Aircraft Asset shall be remarketed for lease and in any event a MSA an Aircraft Asset shall continue to be remarketed for lease (or an extension of an existing Lease), and notwithstanding any contrary institutionsinstruction, may be leased if the Servicer has entered into any preliminary agreements agreement (such as a letter of intent) with respect thereto or has entered into a lease or lease extension with respect thereto).