Common use of TITLE TRANSFERS BY LESSOR Clause in Contracts

TITLE TRANSFERS BY LESSOR. If Lessor shall be required to transfer title to the Aircraft, Airframe or any Engine to Lessee or any other person pursuant to this Lease, then (a) Lessor shall (1) transfer to Lessee or such other person, as the case may be, all of Lessor's right, title and interest in and to the Aircraft, Airframe or such Engine, as the case may be, free and clear of all Lessor Liens, (2) so long as the Lien of the Trust Indenture has not been discharged, comply with the Trust Indenture relating to the release of the Aircraft, Airframe or such Engine, (3) assign to Lessee or such other person, as the case may be, if and to the extent permitted under the Purchase Agreement, all warranties of Airframe Manufacturer and Engine Manufacturer with respect to the Aircraft, Airframe or such Engine, and (4) assign to Lessee or such other person, as the case may be, if and to the extent permitted, all claims, if any, for damage to the Aircraft, Airframe or such Engine, in each case free of Lessor Liens, and without recourse or warranty of any kind whatsoever (except as to the transfer described in clause (1) above and as to the absence of such Lessor Liens, as aforesaid), and (b) Lessor shall promptly deliver to Lessee or such other person, as the case may be, a xxxx of sale and agreements of assignment, evidencing such transfer and assignment, and such other instruments of transfer, all in form and substance reasonably satisfactory to Lessee (or such other person, as the case may be), as Lessee (or such other person, as the case may be) may reasonably request.

Appears in 7 contracts

Samples: Lease Agreement (Continental Airlines Inc /De/), Lease Agreement (Continental Airlines Inc /De/), Lease Agreement (Continental Airlines Inc /De/)

AutoNDA by SimpleDocs

TITLE TRANSFERS BY LESSOR. If Lessor shall be required to transfer title to the Aircraft, Airframe or any Engine to Lessee or any other person pursuant to this Lease, then (a) Lessor shall (1) transfer to Lessee or such other person, as the case may be, all of Lessor's right, title and interest in and to the Aircraft, Airframe or such Engine, as the case may be, free and clear of all Lessor LiensLiens but otherwise on an "as-is", "where is" basis, (2) so long as the Lien of the Trust Indenture has not been discharged, comply with the Trust Indenture relating to the release of the Aircraft, Airframe or such Engine, (3) assign to Lessee or such other person, as the case may be, if and to the extent permitted under the Purchase Agreement, all warranties of Airframe Manufacturer and Engine Manufacturer with respect to the Aircraft, Airframe or such Engine, and (4) assign to Lessee or such other person, as the case may be, if and to the extent permitted, all claims, if any, for damage to the Aircraft, Airframe or such Engine, in each case free of Lessor Liens, and without recourse or warranty of any kind whatsoever (except as to the transfer described in clause (1) above and as to the absence of such Lessor Liens, as aforesaid), and (b) Lessor shall promptly deliver to Lessee or such other person, as the case may be, a xxxx of sale and agreements of assignment, evidencing such transfer and assignment, and such other instruments of transfer, all in form and substance reasonably satisfactory to Lessee (or such other person, as the case may be), as Lessee (or such other person, as the case may be) may reasonably request.

Appears in 4 contracts

Samples: Lease Agreement (Continental Airlines Inc /De/), Lease Agreement (Continental Airlines Inc /De/), Lease Agreement (Continental Airlines Inc /De/)

TITLE TRANSFERS BY LESSOR. If Lessor shall be required to transfer title to the Aircraft, Airframe or any Engine to Lessee or any other person pursuant to this Lease, then (a) Lessor shall (1) transfer to Lessee or such other person, as the case may be, all of Lessor's right, title and interest in and to the Aircraft, Airframe or such Engine, as the case may be, free and clear of all Lessor Liens, (2) so long as the Lien of the Trust Indenture has not been discharged, comply with the Trust Indenture relating to the release of the Aircraft, Airframe or such Engine, (3) assign to Lessee or such other person, as the case may be, if and to the extent permitted under the Purchase Agreement, all warranties of Airframe Manufacturer and Engine Manufacturer with respect to the Aircraft, Airframe or such Engine, and (4) assign to Lessee or such other person, as the case may be, if and to the extent permitted, all claims, if any, for damage to the Aircraft, Airframe or such Engine, in each case free of Lessor Liens, and without recourse or warranty of any kind whatsoever (except as to the transfer described in clause (1) above and as to the absence of such Lessor Liens, as aforesaid), and (b) Lessor shall promptly deliver to Lessee or such other person, as the case may be, a xxxx of sale bill xx xale and agreements of assignment, evidencing such transfer and assignment, and such other instruments of transfer, all in form and substance reasonably satisfactory to Lessee (or such other person, as the case may be), as Lessee (or such other person, as the case may be) may reasonably request.

Appears in 2 contracts

Samples: Lease Agreement (Continental Airlines Inc /De/), Lease Agreement (Continental Airlines Inc /De/)

TITLE TRANSFERS BY LESSOR. If Lessor shall be required to transfer title to the Aircraft, Airframe or any Engine to Lessee or any other person pursuant to this Lease, then (a) Lessor shall (1) transfer to Lessee or such other person, as the case may be, all of Lessor's right, title and interest in and to the Aircraft, Airframe or such Engine, as the case may be, free and clear of all Lessor LiensLiens but otherwise on an "as-is", "where is" basis, (2) so long as the Lien of the Trust Indenture has not been discharged, comply with the Trust Indenture relating to the release of the Aircraft, Airframe or such Engine, (3) assign to Lessee or such other person, as the case may be, if and to the extent permitted under the Purchase Agreement, all warranties of Airframe Manufacturer and Engine Manufacturer with respect to the Aircraft, Airframe or such Engine, and (4) assign to Lessee or such other person, as the case may be, if and to the extent permitted, all claims, if any, for damage to the Aircraft, Airframe or such Engine, in each case free of Lessor Liens, and without recourse or warranty of any kind whatsoever (except as to the transfer described in clause (1) above and as to the absence of such Lessor Liens, as aforesaid), and (b) Lessor shall promptly deliver to Lessee or such other person, as the case may be, a xxxx bill of sale xxxe and agreements of assignment, evidencing such transfer and assignment, and such other instruments of transfer, all in form and substance reasonably satisfactory to Lessee (or such other person, as the case may be), as Lessee (or such other person, as the case may be) may reasonably request.

Appears in 1 contract

Samples: Lease Agreement (Continental Airlines Inc /De/)

TITLE TRANSFERS BY LESSOR. If Lessor shall be required to transfer title to the Aircraft, Airframe or any Engine to Lessee or any other person pursuant to this Lease, then (a) Lessor shall at Lessee's expense (1) transfer to Lessee or such other person, as the case may be, all of Lessor's right, title and interest in and to the Aircraft, Airframe or such Engine, as the case may be, free and clear of all Lessor LiensLiens attributable to Lessor, Bank or Owner Participant, but otherwise on an "as-is", "where is" basis, (2) so long as the Lien of the Trust Indenture Security Agreement has not been discharged, comply with the Trust Indenture Security Agreement relating to the release of the Aircraft, Airframe or such Engine, (3) assign to Lessee or such other person, as the case may be, if and to the extent permitted under the Purchase Agreement, all warranties of Airframe Manufacturer and Engine Manufacturer with respect to the Aircraft, Airframe or such Engine, and (4) assign to Lessee or such other person, as the case may be, if and to the extent permitted, all claims, if any, for damage to the Aircraft, Airframe or such Engine, in each case free of Lessor LiensLiens attributable to Lessor, Bank or Owner Participant, and without recourse or warranty of any kind whatsoever (except as to the transfer described in clause (1) above and as to the absence of such Lessor Liens, as aforesaid), and (b) Lessor shall at Lessee's expense promptly deliver to Lessee or such other person, as the case may be, a xxxx of sale and agreements of assignment, evidencing such transfer and assignment, and such other instruments of transfer, all in form and substance reasonably satisfactory to Lessee (or such other person, as the case may be), as Lessee (or such other person, as the case may be) may reasonably request.

Appears in 1 contract

Samples: Lease Agreement (Republic Airways Holdings Inc)

TITLE TRANSFERS BY LESSOR. If Lessor shall be required to transfer title to the Aircraft, Airframe or any Engine to Lessee or any other person pursuant to this Lease, then (a) Lessor shall (1) transfer to Lessee or such other person, as the case may be, all of Lessor's right, title and interest in and to the Aircraft, Airframe or such Engine, as the case may be, free and clear of all Lessor LiensLiens attributable to Lessor or Owner Participant, (2) so long as the Lien of the Trust Indenture has not been discharged, comply with the terms of the Trust Indenture relating to the release of the Aircraft, Airframe or such Engine, (3) assign to Lessee or such other person, as the case may be, if and to the extent permitted under the Purchase Agreement, all warranties of Airframe Manufacturer and Engine Manufacturer with respect to the Aircraft, Airframe or such Engine, and (4) assign to Lessee or such other person, as the case may be, if and to the extent permitted, all claims, if any, for damage to the Aircraft, Airframe or such Engine, in each case free of Lessor LiensLiens attributable to Lessor or Owner Participant, and without recourse or warranty of any kind whatsoever (except as to the transfer described in clause (1) above and as to the absence of such Lessor Liens, as aforesaid), and (b) Lessor shall promptly deliver to Lessee or such other person, as the case may be, a xxxx of bill xx sale and agreements of assignment, evidencing such transfer and assignment, and such other instruments of transfer, all in form and substance reasonably satisfactory to Lessee (or such other person, as the case may be), as Lessee (or such other person, as the case may be) may reasonably request.

Appears in 1 contract

Samples: Lease Agreement (Atlas Air Inc)

TITLE TRANSFERS BY LESSOR. If Lessor shall be required to transfer title to the Aircraft, Airframe the Airframe, or any Engine to Lessee or any other person Person pursuant to this Lease, then (a) Lessor shall (1) transfer to Lessee or such other person, Person (as the case may be, applicable) all of Lessor's right, title and interest in and to the Aircraft, Airframe the Airframe, or such Engine, Engine (as the case may beapplicable), free and clear of all Lessor LiensLiens attributable to Lessor, FSB, or Owner Participant, (2) so long as the Lien of the Trust Indenture has not been discharged, comply with the Trust Indenture relating to the release of the Aircraft, Airframe or such Engine, (3) assign to Lessee or such other person, Person (as the case may beapplicable), if and to the extent permitted under the Purchase Agreement, all warranties of Airframe Manufacturer and Engine Manufacturer with respect to the Aircraft, Airframe the Airframe, or such Engine, and (43) assign to Lessee or such other person, Person (as the case may beapplicable), if and to the extent permitted, all claims, if any, for damage to the Aircraft, Airframe the Airframe, or such Engine, in each case free of Lessor LiensLiens attributable to Lessor, FSB, or Owner Participant, and without recourse or warranty of any kind whatsoever (except as to the transfer described in clause (1) above and as to the absence of such Lessor Liens, as aforesaid), and (b) Lessor shall promptly deliver to Lessee or such other person, Person (as the case may beapplicable), a xxxx of sale and agreements of assignment, evidencing such transfer and assignment, and such other instruments of transfer, all in form and substance reasonably satisfactory to Lessee (or such other personPerson, as the case may beapplicable), as Lessee (or such other personPerson, as the case may beapplicable) may reasonably requestrequest and furnish to Lessor.

Appears in 1 contract

Samples: Lease Agreement (Amtran Inc)

TITLE TRANSFERS BY LESSOR. If Lessor shall be required to transfer title to the Aircraft, Airframe the Airframe, or any Engine to Lessee or any other person Person pursuant to this Lease, then (a) Lessor shall (1) transfer to Lessee or such other person, Person (as the case may be, applicable) all of Lessor's right, title and interest in and to the Aircraft, Airframe the Airframe, or such Engine, Engine (as the case may beapplicable), free and clear of all Lessor LiensLiens attributable to Lessor, FSB, or Owner Participant, (2) so long as the Lien of the Trust Indenture Mortgage has not been discharged, comply with the Trust Indenture Mortgage relating to the release of the Aircraft, Airframe the Airframe, or such Engine, (3) assign to Lessee or such other person, Person (as the case may beapplicable), if and to the extent permitted under the Purchase Agreement, all warranties of Airframe Manufacturer and Engine Manufacturer with respect to the Aircraft, Airframe the Airframe, or such Engine, and (4) assign to Lessee or such other person, Person (as the case may beapplicable), if and to the extent permitted, all claims, if any, for damage to the Aircraft, Airframe the Airframe, or such Engine, in each case free of Lessor LiensLiens attributable to Lessor, FSB, or Owner Participant, and without recourse or warranty of any kind whatsoever (except as to the transfer described in clause (1) above and as to the absence of such Lessor Liens, as aforesaid), and (b) Lessor shall promptly deliver to Lessee or such other person, Person (as the case may beapplicable), a xxxx bxxx of sale and agreements of assignment, evidencing such transfer and assignment, and such other instruments of transfer, all in form and substance reasonably satisfactory to Lessee (or such other personPerson, as the case may beapplicable), as Lessee (or such other personPerson, as the case may beapplicable) may reasonably requestrequest and furnish to Lessor.

Appears in 1 contract

Samples: Participation Agreement (Amtran Inc)

TITLE TRANSFERS BY LESSOR. If Lessor shall be required to transfer title to the Aircraft, Airframe or any Engine to Lessee or any other person pursuant to this Lease, then (a) Lessor shall (1) transfer to Lessee or such other person, as the case may be, all of Lessor's right, title and interest in and to the Aircraft, Airframe or such Engine, as the case may be, free and clear of all Lessor Liens, (2) so long as the Lien of the Trust Indenture has not been discharged, comply with the Trust Indenture relating to the release of the Aircraft, Airframe or such Engine, (3) assign to Lessee or such other person, as the case may be, if and to the extent permitted under the Purchase Agreement, all warranties of Airframe Manufacturer and Engine Manufacturer with respect to the Aircraft, Airframe or such Engine, and (4) assign to Lessee or such other person, as the case may be, if and to the extent permitted, all claims, if any, for damage to the Aircraft, Airframe or such Engine, in each case free of Lessor Liens, and without recourse or warranty of any kind whatsoever (except as to the transfer described in clause (1) above and as to the absence of such Lessor Liens, as aforesaid), and (b) Lessor shall promptly deliver to Lessee or such other person, as the case may be, a xxxx of bixx xf sale and agreements of assignment, evidencing such transfer and assignment, and such other instruments of transfer, all in form and substance reasonably satisfactory to Lessee (or such other person, as the case may be), as Lessee (or such other person, as the case may be) may reasonably request.

Appears in 1 contract

Samples: Lease Agreement (Continental Airlines Inc /De/)

TITLE TRANSFERS BY LESSOR. If Lessor shall be required to transfer title to the Aircraft, Airframe Airframe, any Engine or any Engine Part to Lessee or any other person pursuant to this Lease, then (a) Lessor shall (1) transfer to Lessee or such other person, as the case may be, all of Lessor's ’s right, title and interest in and to the Aircraft, Airframe Airframe, such Engine or such EnginePart (such right, title and interest being no less than that transferred to Lessor by the Lessee), as the case may be, free and clear of all Lessor LiensLiens but otherwise on an “as is, where is, with all faults” basis and (2) so long as the Lien of the Trust Indenture has not been discharged, comply with the Trust Indenture relating to the release of the Aircraft, Airframe or such Engine, (3) assign to Lessee or such other person, as the case may be, if and to the extent permitted under the Purchase Agreement, all warranties of Airframe Manufacturer and Engine Manufacturer with respect to the Aircraft, Airframe or such Engine, and (4) assign to Lessee or such other person, as the case may be, if and to the extent permitted, all claims, if any, for damage to the Aircraft, Airframe or Airframe, such EngineEngine or, upon request of Lessee, such Part, in each case free of Lessor Liens, and without recourse or warranty of any kind whatsoever (except as to the transfer described in clause (1) above and as to the absence of such Lessor Liens, as aforesaid), and (b) Lessor shall promptly deliver to Lessee or such other person, as the case may be, a xxxx of sale and agreements of assignment, in the case of Parts, as reasonably requested by Lessee, evidencing such transfer and assignment, and such other instruments of transfer, all in form and substance reasonably satisfactory to Lessee (or such other person, as the case may be), as Lessee (or such other person, as the case may be) may reasonably request.

Appears in 1 contract

Samples: Participation Agreement (Republic Airways Holdings Inc)

TITLE TRANSFERS BY LESSOR. If Lessor shall be required to transfer title to the Aircraft, Airframe or any Engine to Lessee or any other person pursuant to this Lease, then (a) Lessor shall (1) transfer to Lessee or such other person, as the case may be, all of Lessor's right, title and interest in and to the Aircraft, Airframe or such Engine, as the case may be, free and clear of all Lessor Liens, (2) so long as the Lien of the Trust Indenture has not been discharged, comply with the Trust Indenture relating to the release of the Aircraft, Airframe or such Engine, (3) assign to Lessee or such other person, as the case may be, if and to the extent permitted under the Purchase Agreement, all warranties of Airframe Manufacturer and Engine Manufacturer with respect to the Aircraft, Airframe or such Engine, and (4) assign to Lessee or such other person, as the case may be, if and to the extent permitted, all claims, if any, for damage to the Aircraft, Airframe or such Engine, in each case free of Lessor Liens, and without recourse or warranty of any kind whatsoever (except as to the transfer described in clause (1) above and as to the absence of such Lessor Liens, as aforesaid), and (b) Lessor shall promptly deliver to Lessee or such other person, as the case may be, a xxxx bill of sale and agreements of assignment, evidencing such transfer and xxx assignment, and such other instruments of transfer, all in form and substance reasonably satisfactory to Lessee (or such other person, as the case may be), as Lessee (or such other person, as the case may be) may reasonably request.

Appears in 1 contract

Samples: Lease Agreement (Atlas Air Worldwide Holdings Inc)

AutoNDA by SimpleDocs

TITLE TRANSFERS BY LESSOR. If Lessor shall be required to transfer title to the Aircraft, Airframe the Airframe, or any Engine to Lessee or any other person Person pursuant to this Lease, then (a) Lessor shall (1) transfer to Lessee or such other person, Person (as the case may be, applicable) all of Lessor's right, title and interest in and to the Aircraft, Airframe the Airframe, or such Engine, Engine (as the case may beapplicable), free and clear of all Lessor Liens, (2) so long as the Lien of the Trust Indenture Mortgage has not been discharged, comply with the Trust Indenture Mortgage relating to the release of the Aircraft, Airframe the Airframe, or such Engine, (3) assign to Lessee or such other person, Person (as the case may beapplicable), if and to the extent permitted under the Purchase Agreement, all warranties of Airframe Manufacturer and Engine Manufacturer with respect to the Aircraft, Airframe the Airframe, or such Engine, and (4) assign to Lessee or such other person, Person (as the case may beapplicable), if and to the extent permitted, all claims, if any, for damage to the Aircraft, Airframe the Airframe, or such Engine, in each case free of Lessor Liens, and without recourse or warranty of any kind whatsoever (except as to the transfer described in clause (1) above and as to the absence of such Lessor Liens, as aforesaid), and (b) Lessor shall promptly deliver to Lessee or such other person, Person (as the case may beapplicable), a xxxx of sale and agreements of assignment, evidencing such transfer and assignment, and such other instruments of transfer, all in form and substance reasonably satisfactory to Lessee (or such other personPerson, as the case may beapplicable), as Lessee (or such other personPerson, as the case may beapplicable) may reasonably request.

Appears in 1 contract

Samples: Note Purchase Agreement (Airtran Holdings Inc)

TITLE TRANSFERS BY LESSOR. If Lessor shall be required to transfer title to the Aircraft, Airframe or any Engine to Lessee or any other person pursuant to this Lease, then (aA) Lessor shall (1) transfer to Lessee or such other person, as the case may be, all of Lessor's right, title and interest in and to the Aircraft, Airframe or such Engine, as the case may be, free and clear of all Lessor Lessor's Liens, (2) so long as the Lien of the Trust Indenture has not been discharged, comply with the Trust Indenture relating to the release of the Aircraft, Airframe or such Engine, (3) assign to Lessee or such other person, as the case may be, if and to the extent permitted under the Purchase Agreementpermitted, all warranties of Airframe Manufacturer and Engine Manufacturer with respect to the Aircraft, Airframe or such Engine, and (43) assign to Lessee or such other person, as the case may be, if and to the extent permitted, all claims, if any, for damage to the Aircraft, Airframe or such Engine, in each case free of Lessor Liens, Lessor's Liens and without recourse or warranty of any kind whatsoever (except as to the transfer described in clause (1) above and as to the absence of such Lessor Lessor's Liens, as aforesaid), and (bB) Lessor shall promptly deliver to Lessee or such other person, as the case may be, a xxxx bill of sale and agreements of assignment, evidencing such transfer txxxxfer and assignment, and such other instruments of transfer, all in form and substance reasonably satisfactory to Lessee (or such other person, as the case may be), as Lessee (or such other person, as the case may be) may reasonably request.

Appears in 1 contract

Samples: Aircraft Lease Agreement (Atlas Air Worldwide Holdings Inc)

TITLE TRANSFERS BY LESSOR. If Lessor shall be required to transfer title to the Aircraft, Airframe the Airframe, or any Engine to Lessee or any other person Person pursuant to this Lease, then (a) Lessor shall (1) transfer to Lessee or such other person, Person (as the case may be, applicable) all of Lessor's right, title and interest in and to the Aircraft, Airframe the Airframe, or such Engine, Engine (as the case may beapplicable), free and clear of all Lessor LiensLiens attributable to Lessor, FSB, or Owner Participant, (2) so long as the Lien of the Trust Indenture has not been discharged, comply with the Trust Indenture relating to the release of the Aircraft, Airframe or such Engine, (3) assign to Lessee or such other person, Person (as the case may beapplicable), if and to the extent permitted under the Purchase Agreement, all warranties of Airframe Manufacturer and Engine Manufacturer with respect to the Aircraft, Airframe the Airframe, or such Engine, and (43) assign to Lessee or such other person, Person (as the case may beapplicable), if and to the extent permitted, all claims, if any, for damage to the Aircraft, Airframe the Airframe, or such Engine, in each case free of Lessor LiensLiens attributable to Lessor, FSB, or Owner Participant, and without recourse or warranty of any kind whatsoever (except as to the transfer described in clause (1) above and as to the absence of such Lessor Liens, as aforesaid), and (b) Lessor shall promptly deliver to Lessee or such other person, Person (as the case may beapplicable), a xxxx bxxx of sale and agreements of assignment, evidencing such transfer and assignment, and such other instruments of transfer, all in form and substance reasonably satisfactory to Lessee (or such other personPerson, as the case may beapplicable), as Lessee (or such other personPerson, as the case may beapplicable) may reasonably requestrequest and furnish to Lessor.

Appears in 1 contract

Samples: Participation Agreement (Amtran Inc)

TITLE TRANSFERS BY LESSOR. If Lessor shall be required to transfer title to the Aircraft, Airframe or any Engine to Lessee or any other person pursuant to this Lease, then (a) Lessor shall (1) transfer to Lessee or such other person, as the case may be, all of Lessor's right, title and interest in and to the Aircraft, Airframe or such Engine, as the case may be, free and clear of all Lessor LiensLiens attributable to Lessor or Owner Participant, (2) so long as the Lien of the Trust Indenture has not been discharged, comply with the terms of the Trust Indenture relating to the release of the Aircraft, Airframe or such Engine, (3) assign to Lessee or such other person, as the case may be, if and to the extent permitted under the Purchase Agreement, all warranties of Airframe Manufacturer and Engine Manufacturer with respect to the Aircraft, Airframe or such Engine, and (4) assign to Lessee or such other person, as the case may be, if and to the extent permitted, all claims, if any, for damage to the Aircraft, Airframe or such Engine, in each case free of Lessor LiensLiens attributable to Lessor or Owner Participant, and without recourse or warranty of any kind whatsoever (except as to the transfer described in clause (1) above and as to the absence of such Lessor Liens, as aforesaid), and (b) Lessor shall promptly deliver to Lessee or such other person, as the case may be, a xxxx of sale and agreements of assignment, evidencing such transfer and assignment, and such other instruments of transfer, all in form and substance reasonably satisfactory to Lessee (or such other person, as the case may be), as Lessee (or such other person, as the case may be) may reasonably request.

Appears in 1 contract

Samples: Lease Agreement (Atlas Air Inc)

TITLE TRANSFERS BY LESSOR. If Lessor shall be required to transfer title to the Aircraft, Airframe the Airframe, or any Engine to Lessee or any other person Person pursuant to this Lease, then (a) Lessor shall (1) transfer to Lessee or such other person, Person (as the case may be, applicable) all of Lessor's right, title and interest in and to the Aircraft, Airframe the Airframe, or such Engine, Engine (as the case may beapplicable), free and clear of all Lessor LiensLiens attributable to Lessor, FSB, or Owner Participant, (2) so long as the Lien of the Trust Indenture Mortgage has not been discharged, comply with the Trust Indenture Mortgage relating to the release of the Aircraft, Airframe the Airframe, or such Engine, (3) assign to Lessee or such other person, Person (as the case may beapplicable), if and to the extent permitted under the Purchase Agreement, all warranties of Airframe Manufacturer and Engine Manufacturer with respect to the Aircraft, Airframe the Airframe, or such Engine, and (4) assign to Lessee or such other person, Person (as the case may beapplicable), if and to the extent permitted, all claims, if any, for damage to the Aircraft, Airframe the Airframe, or such Engine, in each case free of Lessor LiensLiens attributable to Lessor, FSB, or Owner Participant, and without recourse or warranty of any kind whatsoever (except as to the transfer described in clause (1) above and as to the absence of such Lessor Liens, as aforesaid), and (b) Lessor shall promptly deliver to Lessee or such other person, Person (as the case may beapplicable), a xxxx of sale and agreements of assignment, evidencing such transfer and assignment, and such other instruments of transfer, all in form and substance reasonably satisfactory to Lessee (or such other personPerson, as the case may beapplicable), as Lessee (or such other personPerson, as the case may beapplicable) may reasonably requestrequest and furnish to Lessor.

Appears in 1 contract

Samples: Lease Agreement (Amtran Inc)

TITLE TRANSFERS BY LESSOR. If Lessor shall be required to transfer title to the Aircraft, Airframe or any Engine to Lessee or any other person pursuant to this Lease, then (a) Lessor shall (1) transfer to Lessee or such other person, as the case may be, all of Lessor's right, title and interest in and to the Aircraft, Airframe or such Engine, as the case may be, free and clear of all Lessor Liens, (2) so long as the Lien of the Trust Indenture has not been discharged, comply with the Trust Indenture relating to the release of the Aircraft, Airframe or such Engine, (3) assign to Lessee or such other person, as the case may be, if and to the extent permitted under the Purchase Agreement, all warranties of Airframe Manufacturer and Engine Manufacturer with respect to the Aircraft, Airframe or such Engine, and (4) assign to Lessee or such other person, as the case may be, if and to the extent permitted, all claims, if any, for damage to the Aircraft, Airframe or such Engine, in each case free of Lessor Liens, and without recourse or warranty of any kind whatsoever (except as to the transfer described in clause (1) above and as to the absence of such Lessor Liens, as aforesaid), and (b) Lessor shall promptly deliver to Lessee or such other person, as the case may be, a xxxx of bill xx sale and agreements of assignment, evidencing such transfer and assignment, and such other instruments of transfer, all in form and substance reasonably satisfactory to Lessee (or such other person, as the case may be), as Lessee (or such other person, as the case may be) may reasonably request.

Appears in 1 contract

Samples: Lease Agreement (Continental Airlines Inc /De/)

Time is Money Join Law Insider Premium to draft better contracts faster.