Common use of TITLE ON AN EQUIPMENT CHANGE Clause in Contracts

TITLE ON AN EQUIPMENT CHANGE. (a) Title to all Engines and Parts installed on the Aircraft whether by way of replacement, as the result of an Equipment Change or otherwise (except those installed pursuant to Clause 8.13(b)) will on installation, without further act, vest in Owner subject to this Agreement, the Head Lease and the Sub Lease free and clear of all Security Interests. Lessee will at its own expense take all such steps and execute, and procure the execution of, all such instruments as Lessor may require and which are necessary to ensure that title so passes to Owner according to all applicable laws. At any time when requested by Lessor, Lessee will provide evidence to Lessor's and Owner's satisfaction (including the provision, if required, to Lessor and Owner of one or more legal opinions) that title has so passed to Owner;

Appears in 8 contracts

Samples: Aircraft Lease Agreement (Air South Airlines Inc), Aircraft Lease Agreement (Air South Airlines Inc), Aircraft Lease Agreement (Air South Airlines Inc)

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