Common use of Sale and Lease Documents Clause in Contracts

Sale and Lease Documents. The Lease shall not have been amended in any material respect without the prior written consent of the Agent between the date of this Agreement through the Advance Date and shall be in full force and effect. The Lease shall provide for the payment of Rental in an amount and on each date sufficient to pay the principal of and interest on each of the Loan and the Senior Loan. The Agent shall have received copies of the Transaction Documents and any and all amendments or supplements thereto and the Declaration of Joint and Several Liability. The Agent shall be satisfied with the arrangements regarding the transfer of title to the Aircraft from the Prior Owner to the Borrower, the novation of the Lease and the release of the security granted by the Prior Owner;

Sale and Lease Documents. The Lease shall not have been amended in any material respect without the prior written consent of the Agent between the date of this Agreement through the Advance Date and shall be in full force and effect. The Lease shall provide for the payment of Rental in an amount and on each date sufficient to pay the principal of and interest on each of the Loan and the Senior Junior Loan. The Agent shall have received copies of the Transaction Documents and any and all amendments or supplements thereto and the Declaration of Joint and Several Liability. The Agent shall be satisfied with the arrangements regarding the transfer of title to the Aircraft from the Prior Owner to the Borrower, the novation of the Lease and the release of the security granted by the Prior Owner;