Common use of TRUTH IN LEASING Clause in Contracts

TRUTH IN LEASING. DURING THE TWELVE (12) MONTHS PRECEDING THE EXECUTION OF THIS AGREEMENT, THE AIRCRAFT HAS BEEN MAINTAINED AND INSPECTED UNDER FAR PART 91. OPERATOR CERTIFIES THAT THE AIRCRAFT WILL BE MAINTAINED AND INSPECTED IN COMPLIANCE WITH APPLICABLE REQUIREMENTS OF FAR PART 91 FOR OPERATIONS TO BE CONDUCTED UNDER THIS AGREEMENT. DURING THE DURATION OF THIS AGREEMENT, OPERATOR SHALL BE CONSIDERED RESPONSIBLE FOR OPERATIONAL CONTROL OF THE AIRCRAFT WHEN OPERATED UNDER THIS AGREEMENT. THE UNDERSIGNED OPERATOR, WHOSE ADDRESS IS 0 XXXXXXXX XXXXXX, XXXXXXXXXXX, XX 00000, CERTIFIES THAT IT IS RESPONSIBLE FOR SUCH CONTROL AND THAT IT UNDERSTANDS ITS RESPONSIBILITIES FOR COMPLIANCE WITH APPLICABLE FAR PROVISIONS. AN EXPLANATION OF THE FACTORS BEARING ON OPERATIONAL CONTROL AND THE PERTINENT FEDERAL AVIATION REGULATIONS CAN BE OBTAINED FROM THE NEAREST FAA FLIGHT STANDARDS DISTRICT OFFICE, GENERAL AVIATION DISTRICT OFFICE OR AIR CARRIER DISTRICT OFFICE.

Appears in 6 contracts

Samples: Aircraft Time Sharing Agreement (Unum Group), Aircraft Time Sharing Agreement (Unum Group), Aircraft Time Sharing Agreement (Unum Group)

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TRUTH IN LEASING. DURING WHEN THE TWELVE (12) MONTHS PRECEDING AIRCRAFT IS BEING USED FOR THE EXECUTION BENEFIT OF THIS AGREEMENTTHE LESSEE, THE FOLLOWING SHALL APPLY: THE PARTIES CERTIFY THAT TO THE BEST OF THEIR KNOWLEDGE, THE AIRCRAFT HAS BEEN MAINTAINED AND INSPECTED UNDER FAR DURING THE TWELVE MONTHS PRECEDING THE EXECUTION OF XXXXX LEASE IN ACCORDANCE WITH PART 91. OPERATOR CERTIFIES THAT 91 OF THE AIRCRAFT WILL FEDERAL AVIATION REGULATIONS, AND CONTINUES TO BE MAINTAINED AND INSPECTED IN COMPLIANCE WITH APPLICABLE REQUIREMENTS OF FAR PART 91 AS REQUIRED FOR THE OPERATIONS TO BE CONDUCTED UNDER THIS AGREEMENTLEASE. DURING THE DURATION OF THIS AGREEMENTLESSOR, OPERATOR SHALL BE CONSIDERED WHOSE NAME AND ADDRESS IS: Xxxxxx X. Xxxxxxx 0000 Xxxxxxx Xxxx Xxxxxxxxxx, XX 00000 HEREBY CERTIFIES THAT HE IS RESPONSIBLE FOR OPERATIONAL CONTROL OF THE AIRCRAFT WHEN OPERATED DURING SUCH PERIODS AS THE AIRCRAFT IS BEING FLOWN UNDER THIS AGREEMENT. THE UNDERSIGNED OPERATOR, WHOSE ADDRESS IS 0 XXXXXXXX XXXXXX, XXXXXXXXXXX, XX 00000, CERTIFIES THAT IT IS RESPONSIBLE FOR SUCH CONTROL AGREEMENT AND THAT IT UNDERSTANDS ITS LESSOR IS FAMILIAR WITH HIS RESPONSIBILITIES FOR COMPLIANCE WITH APPLICABLE FAR PROVISIONS. FEDERAL AVIATION REGULATIONS, AND THAT AN EXPLANATION OF THE FACTORS BEARING ON OPERATIONAL CONTROL AND THE PERTINENT FEDERAL AVIATION REGULATIONS CAN BE OBTAINED FROM THE NEAREST FAA FLIGHT STANDARDS DISTRICT OFFICE, GENERAL AVIATION DISTRICT OFFICE OR AIR CARRIER DISTRICT OFFICE.

Appears in 1 contract

Samples: Aircraft Timesharing Agreement (KCG Holdings, Inc.)

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TRUTH IN LEASING. DURING WHEN THE TWELVE (12) MONTHS PRECEDING AIRCRAFT IS BEING USED FOR THE EXECUTION BENEFIT OF THIS AGREEMENTTHE LESSEE, THE FOLLOWING SHALL APPLY: THE PARTIES CERTIFY THAT TO THE BEST OF THEIR KNOWLEDGE, THE AIRCRAFT HAS BEEN MAINTAINED AND INSPECTED UNDER FAR DURING THE TWELVE MONTHS PRECEDING THE EXECUTION OF XXXXX LEASE IN ACCORDANCE WITH PART 91. OPERATOR CERTIFIES THAT 91 OF THE AIRCRAFT WILL FEDERAL AVIATION REGULATIONS, AND CONTINUES TO BE MAINTAINED AND INSPECTED IN COMPLIANCE WITH APPLICABLE REQUIREMENTS OF FAR PART 91 AS REQUIRED FOR THE OPERATIONS TO BE CONDUCTED UNDER THIS AGREEMENTLEASE. DURING THE DURATION OF THIS AGREEMENTLESSOR, OPERATOR SHALL BE CONSIDERED WHOSE NAME AND ADDRESS IS: Redmont Holdings LLC 0000 Xxxxxxx Xxxx Xxxxxxxxxx, XX 00000 HEREBY CERTIFIES THAT HE IS RESPONSIBLE FOR OPERATIONAL CONTROL OF THE AIRCRAFT WHEN OPERATED DURING SUCH PERIODS AS THE AIRCRAFT IS BEING FLOWN UNDER THIS AGREEMENT. THE UNDERSIGNED OPERATOR, WHOSE ADDRESS IS 0 XXXXXXXX XXXXXX, XXXXXXXXXXX, XX 00000, CERTIFIES THAT IT IS RESPONSIBLE FOR SUCH CONTROL AGREEMENT AND THAT IT UNDERSTANDS ITS LESSOR IS FAMILIAR WITH HIS RESPONSIBILITIES FOR COMPLIANCE WITH APPLICABLE FAR PROVISIONS. FEDERAL AVIATION REGULATIONS, AND THAT AN EXPLANATION OF THE FACTORS BEARING ON OPERATIONAL CONTROL AND THE PERTINENT FEDERAL AVIATION REGULATIONS CAN BE OBTAINED FROM THE NEAREST FAA FLIGHT STANDARDS DISTRICT OFFICE, GENERAL AVIATION DISTRICT OFFICE OR AIR CARRIER DISTRICT OFFICE.

Appears in 1 contract

Samples: Aircraft Timesharing Agreement (KCG Holdings, Inc.)

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