Common use of Rights of Lessee Clause in Contracts

Rights of Lessee. as a condition precedent to any transfer becoming effective, such transfer shall not, at the time of the transfer, materially expand Lessee's obligations under the Lease or materially reduce Lessee's rights under the Lease, in each case as compared to what such obligations and rights would have been in the absence of such transfer; provided, however, that no transfer to any Person that meets the requirements of a "citizen of the United States" under 49 U.S.C. Section 40102(a)(15) shall be deemed to materially expand Lessee's obligations or materially restrict Lessee's rights under the Lease.

Appears in 2 contracts

Samples: Aircraft Lease Agreement (Turn Works Acquisition Iii Sub a Inc), Aircraft Lease Agreement (Turn Works Acquisition Iii Sub a Inc)

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Rights of Lessee. as a condition precedent to any transfer becoming effective, such transfer shall not, at the time of the transfer, materially expand Lessee's obligations under the Lease or materially reduce Lessee's rights under the Lease, in each case as compared to what such obligations and rights would have been in the absence of such transfer; provided, however, that no transfer to any Person that meets the requirements of a "citizen of the United States" under 49 U.S.C. Section 40102(a)(15) shall be deemed to materially expand Lessee's obligations or materially restrict Lessee's rights under the Lease.U.S.

Appears in 2 contracts

Samples: Aircraft Lease Agreement, Aircraft Lease Agreement (Turn Works Acquisition Iii Sub a Inc)

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