Requirements Following Additions to Designated Pool. (a) The Borrower shall exercise commercially reasonable efforts to deliver to the Collateral Agent a Lessee Acknowledgement (as defined in the Mortgage) executed by the Lessee of each Pool Aircraft, as promptly as practicable but in any event within 120 days of becoming a Pool Aircraft; provided that, if a Lessee Acknowledgment in respect of a Lessee cannot be procured after the relevant Borrower Parties have exercised commercially reasonable efforts, then such Lessee Acknowledgement from such Lessee shall not be required; provided, however, that in such instance, the relevant Borrower Parties shall be required to provide to the Administrative Agent the insurance certificates and broker’s letters of undertaking or other evidence reasonably satisfactory to the Administrative Agent that the Collateral Agent has been named as “loss payee” (or a “contract party” with respect to AVN67B) ) in respect of the relevant hull insurance, and the Collateral Agent and the Administrative Agent have been named as “additional insured” in respect of the relevant liability insurance, respectively, obtained by such Lessee in respect of the relevant Pool Aircraft.
Requirements Following Additions to Designated Pool. Issuer shall, to the extent required by the Express Perfection Requirements, deliver to the Security Trustee a Lessee Acknowledgement executed by the lessee of each Pool Aircraft as promptly as practicable after such aircraft is included in the Designated Pool, but in any event no later than 180 days after such date, including with respect to aircraft included in the Designated Pool on the Effective Date. Required Cape Town Registrations with respect to International Interests in Leases that are not registered on the International Registry as of the date an aircraft is added to the Designated Pool shall be made as promptly as practicable, but in any event no later than 180 days after such date, including with respect to aircraft included in the Designated Pool on the Effective Date.
Requirements Following Additions to Designated Pool. (a) The Borrower shall deliver to the Collateral Agent a Lessee Acknowledgement (as defined in the Mortgage) executed by the lessee of each Pool Aircraft as promptly as practicable after such Aircraft is included in the Designated Pool, but in any event no later than 120 days after such date, including with respect to Aircraft included in the Designated Pool on the Effective Date.
Requirements Following Additions to Designated Pool. In the event that a Lease in respect of a PS Pool Aircraft did not or was in good faith believed not to constitute an International Interest when entered into but such Lease either was or has since become an International Interest such that at the time such PS Pool Aircraft becomes a Pool Aircraft or at any time thereafter such Lease is an International Interest, or such Lease was an International Interest when entered into but because of administrative difficulties with the Lessee thereunder or, if applicable, the designated entry point, or became an International Interest any time thereafter, it was impractical to effect registration thereof on the International Registry, the Required Cape Town Registrations with respect to such International Interest in such Lease shall be made as promptly as practical after such Aircraft becomes a Pool Aircraft or, if later, when such Lease becomes an International Interest, but in any event no later than 120 days after such date such Aircraft becomes a Pool Aircraft or, if later, when such Lease becomes and International Interest, including with respect to Aircraft that are Pool Aircraft on the Effective Date. Otherwise, Required Cape Town Registrations with respect to International Interests in Leases to which a PS Pool Aircraft is subject shall be made as promptly as practicable after such Aircraft becomes a Pool Aircraft but in any event within 7 days after such PS Pool Aircraft becomes a Pool Aircraft.
