Common use of Representations by Lessee Clause in Contracts

Representations by Lessee. Lessee hereby represents and warrants to Lessor that on the date hereof: (a) The representations and warranties of Lessee set forth in the Lease are true and correct in all material respects as though made on and as of the date thereof, except to the extent that they expressly relate to a particular date. (b) Lessee has satisfied or complied with all requirements set forth in the Lease to be satisfied or complied with on or prior to the date thereof. (c) No Event of Default or Event of Loss under the Lease has occurred and is continuing on the date hereof, nor has any event occurred which, with the giving of notice or lapse of time or both, would become an Event of Default or an Event of Loss. (d) The Lessee has obtained, and there are in full force and effect, such insurance policies with respect to the Aircraft as are required to be obtained under the terms of the Lease.