Representations of Lessee. Lessee represents and warrants that: (a) Lessee will use the Aircraft for and on account of Xxxxxx’s own business or personal use only in strict accordance with the provisions of this Agreement, and specifically in accordance with applicable law, and will neither sell seats to passengers nor sell space for cargo or otherwise use the Aircraft for the purpose of providing transportation of passengers or cargo in air commerce for compensation or hire. (b) Lessee shall refrain from incurring any mechanics or other lien in connection with inspection, preventive maintenance, maintenance or storage of the Aircraft or otherwise, whether permissible or impermissible under this Agreement, and that Xxxxxx shall refrain from attempting to convey, mortgage, assign, lease or any way alienate the Aircraft or from creating any kind of lien or security interest involving the Aircraft, or do anything or take any action that might mature through notice or the passage of time into such a lien. (c) During the term of this Agreement, Lessee will abide by and conform to all such laws, governmental and airport orders, rules and regulations, as shall from time to time be in effect relating in any way to the operation and use of the Aircraft by a time-sharing lessee, including, without limitation, Part 91 of the FARs.
Appears in 2 contracts
Samples: Aircraft Time Sharing Agreement (Lennar Corp /New/), Aircraft Time Sharing Agreement (Lennar Corp /New/)
Representations of Lessee. Lessee represents and warrants that:
(a) Lessee will use the Aircraft for and on account of XxxxxxLessee’s own business or personal use only in strict accordance with the provisions of this Agreement, and specifically in accordance with applicable law, and will neither sell seats to passengers nor sell space for cargo or otherwise use the Aircraft for the purpose of providing transportation of passengers or cargo in air commerce for compensation or hire.
(b) Lessee shall refrain from incurring any mechanics or other lien in connection with inspection, preventive maintenance, maintenance or storage of the Aircraft or otherwise, whether permissible or impermissible under this Agreement, and that Xxxxxx Lessee shall refrain from attempting to convey, mortgage, assign, lease or any way alienate the Aircraft or from creating any kind of lien or security interest involving the Aircraft, or do anything or take any action that might mature through notice or the passage of time into such a lien.
(c) During the term of this Agreement, Lessee will abide by and conform to all such laws, governmental and airport orders, rules and regulations, as shall from time to time be in effect relating in any way to the operation and use of the Aircraft by a time-sharing lessee, including, without limitation, Part 91 of the FARs.
Appears in 1 contract
Samples: Aircraft Time Sharing Agreement (Lennar Corp /New/)
Representations of Lessee. Lessee represents and warrants that:
(a) Lessee It will use the Aircraft for and on account of Xxxxxx’s its own business or personal use only in strict accordance with the provisions of this Agreement, and specifically in accordance with applicable lawFAR 91.501, and will neither sell seats to passengers nor sell space for cargo or otherwise use the Aircraft for the purpose of providing transportation of passengers or cargo in air commerce for compensation or hire.
(b) Lessee It shall refrain from incurring any mechanics or other lien in connection with inspection, preventive maintenance, maintenance or storage of the Aircraft or otherwise, whether permissible or impermissible under this Agreement, and that Xxxxxx it shall refrain from attempting to convey, mortgage, assign, lease or any way alienate the Aircraft or from creating any kind of lien or security interest involving the Aircraft, or do anything or take any action that might mature through notice or the passage of time into such a lien.
(c) During the term of this Agreement, Lessee it will abide by and conform to all such laws, governmental and airport orders, rules and regulations, as shall from time to time be in effect relating in any way to the operation and use of the Aircraft by a time-sharing lesseeLessee, including, without limitation, Part 91 of the FARs.
Appears in 1 contract
Samples: Aircraft Time Sharing Agreement (Lennar Corp /New/)
Representations of Lessee. Lessee represents and warrants that:
(a) Lessee will use the Aircraft for and on account of XxxxxxLessee’s own business or personal use only in strict accordance with the provisions of this Agreement, and specifically in accordance with applicable lawFAR Part 91.501, and will neither sell seats to passengers nor sell space for cargo or otherwise use the Aircraft for the purpose of providing transportation of passengers or cargo in air commerce for any compensation or hire.
(b) Lessee shall refrain from incurring any mechanics or other lien in connection with inspection, preventive maintenance, maintenance or storage of the Aircraft or otherwise, whether permissible or impermissible under this Agreement, and that Xxxxxx Lessee shall refrain from attempting to convey, mortgage, assign, lease or any way alienate the Aircraft or from creating any kind of lien or security interest involving the Aircraft, or do anything or take any action that might mature through notice or the passage of time into such a lien.
(c) During the term of this Agreement, Lessee will abide by and conform to all such laws, governmental and airport orders, rules and regulations, as shall from time to time be in effect relating in any way to the operation and use of the Aircraft by a time-sharing lessee, including, without limitation, Part 91 of the FARs.
Appears in 1 contract
Samples: Aircraft Time Sharing Agreement (Lennar Corp /New/)