Common use of Successor Lessor Clause in Contracts

Successor Lessor. The Lessee agrees that in the case of the appointment of any successor trustee for the Lessor pursuant to the terms of the Participation Agreement, such successor trustee shall, upon written notice by such successor to the Lessee, succeed to all the rights, powers and title of the Lessor under this Lease and shall be deemed to be the Lessor and the owner of the Aircraft for all purposes of this Lease without the necessity of any consent or approval by the Lessee and without in any way altering the terms of this Lease or the Lessee's obligations. One such appointment and designation of a successor trustee shall not exhaust the right to appoint and designate a further successor trustee pursuant to the Participation Agreement, but such right may be exercised repeatedly so long as this Lease shall be in effect.

Successor Lessor. The Lessee agrees that in the case of the appointment of any successor trustee for the Lessor pursuant to the terms of the Participation Agreement and the Trust Agreement, such successor trustee shall, upon written notice by such successor to the Lessee, succeed to all the rights, powers and title of the Lessor under this Lease and shall be deemed to be the Lessor and the owner of the Aircraft for all purposes of this Lease without the necessity of any consent or approval by the Lessee and without in any way altering the terms of this Lease or the Lessee's obligations. One such appointment and designation of a successor trustee shall not exhaust the right to appoint and designate a further successor trustee pursuant to the Participation Agreement, but such right may be exercised repeatedly so long as this Lease shall be in effect.

Successor Lessor. The Lessee agrees that in the case of the appointment of If any successor trustee for the Lessor is appointed to serve as Owner Trustee pursuant to the terms of the Participation Agreement and the Trust Agreement, such successor trustee shall, upon written notice by such successor to the Lessee, succeed to all the rights, powers powers, and title of the Lessor under this Lease hereunder, and shall be deemed to be the Lessor "Lessor" and the owner of the Aircraft and the other assets of the Trust Estate for all purposes of this Lease hereof, without the necessity of need for any consent or approval by the Lessee and without in any way altering the terms of this Lease or the Lessee's obligationsobligations hereunder. One such An appointment and designation of a successor trustee as Owner Trustee shall not exhaust the right to appoint and designate a further successor trustee successors or additional trustees as Owner Trustees pursuant to the Participation Agreement and the Trust Agreement, but and such right may be exercised repeatedly so as long as this Lease shall be in effect.