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 GAL if there are Aircraft Assets which 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 Aircraft Asset with a Lease expiring within the next twelve (12) months of the end of the preceding calendar quarter, whether such Aircraft Asset is not to be remarketed for lease or an extension of a Lease because such Aircraft Asset is to be converted to a freighter aircraft (and is to be remarketed for lease after giving effect to such conversion) or is to be free and clear of a Lease (it being agreed that in the absence of an instruction not to remarket an Aircraft Asset for lease, SCHED 2.02(a)-15 such Aircraft Asset shall be remarketed for lease and in any event an Aircraft Asset shall continue to be remarketed for lease (or an extension of an existing Lease), and notwithstanding any contrary instructions, 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 GAL GFL if there are Aircraft Assets which GAL 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 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 Aircraft Asset is not to be remarketed for lease or an extension of a Lease because such Aircraft Asset is to be converted to a freighter aircraft (and is to be remarketed for lease after giving effect to such conversion) 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 Aircraft Asset for lease, SCHED 2.02(a)-15 such Aircraft Asset shall be remarketed for lease and in any event an Aircraft Asset shall continue to be remarketed for lease (or an extension of an existing Lease), and notwithstanding any contrary instructionsinstruction, 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 GAL the Company if there are Aircraft Assets which GAL 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 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 Aircraft Asset is not to be remarketed for lease or an extension of a Lease because such Aircraft Asset is to be converted to a freighter aircraft (and is to be remarketed for lease after giving effect to such conversion) 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 Aircraft Asset for lease, SCHED 2.02(a)-15 such Aircraft Asset shall be remarketed for lease and in any event an Aircraft Asset shall continue to be remarketed for lease (or an extension of an existing Lease), and notwithstanding any contrary instructionsinstruction, 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 GAL Genesis if there are MSA Aircraft Assets which GAL 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 Lease 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) or 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), SCHED 2.02(a)-15 such MSA Aircraft Asset shall be remarketed for lease and in any event an a MSA Aircraft Asset shall continue to be remarketed for lease (or an extension of an existing Lease), and notwithstanding any contrary instructionsinstitutions, 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.