Common use of Specific Representations Clause in Contracts

Specific Representations. By its acceptance of the Engine, Lessee represents to Lessor that the following are true in all material aspects: (i) no event or circumstance has occurred and is continuing that constitutes, or with the fulfillment of conditions would constitute, an Event of Default; (ii) no further actions under the Laws of the jurisdiction where Xxxxxx is legally constituted or has its principal base of operations, or, to its knowledge without inquiry, under other Applicable Laws are necessary to the establishment or protection of Xxxxxx's title to, ownership of, or priority in, the Engine; and (iii) save where an opinion has been issued under 17.12.2, the local Law opined upon in the previously issued 17.12.1 opinion is substantially the same in respect of a subsequent Engine Package as regards the (a) enforceability of this Agreement, (b) obligations of Lessee, and (c) rights and interests of Lessor hereunder.

Appears in 2 contracts

Samples: Master Short Term Engine Lease Agreement, Master Short Term Engine Lease Agreement

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Specific Representations. By its acceptance of the Engine, Lessee represents to Lessor that the following are true in all material aspects: (i) no event or circumstance has occurred and is continuing that constitutes, or with the fulfillment of conditions would constitute, an Event of Default; (ii) no further actions under the Laws of the jurisdiction where Xxxxxx Lessee is legally xxxxxxy constituted or has its principal base of operations, or, to its knowledge without inquiry, under other Applicable Laws are necessary to the establishment or protection of XxxxxxLessor's title totxxxx xo, ownership of, or priority in, the Engine; and (iii) save where an opinion has been issued under 17.12.2, the local Law opined upon in the previously issued 17.12.1 opinion is substantially the same in respect of a subsequent Engine Package as regards the (a) enforceability of this Agreement, (b) obligations of Lessee, and (c) rights and interests of Lessor hereunder.

Appears in 1 contract

Samples: Master Short Term Engine Lease Agreement (Air T Inc)

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Specific Representations. By its acceptance of the Engine, Lessee represents to Lessor that the following are true in all material aspects: (i) : no event or circumstance has occurred and is continuing that constitutes, or with the fulfillment of conditions would constitute, an Event of Default; (ii) ; no further actions under the Laws of the jurisdiction where Xxxxxx is legally constituted or has its principal base of operations, or, to its knowledge without inquiry, under other Applicable Laws are necessary to the establishment or protection of XxxxxxLessor's title to, ownership of, or priority in, the Engine; and (iii) and save where an opinion has been issued under 17.12.2, the local Law opined upon in the previously issued 17.12.1 opinion is substantially the same in respect of a subsequent Engine Package as regards the (a) enforceability of this Agreement, (b) obligations of Lessee, and (c) rights and interests of Lessor hereunder.

Appears in 1 contract

Samples: Master Short Term Engine Lease Agreement

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