Common use of TRUTH IN LEASING Clause in Contracts

TRUTH IN LEASING. (a) THE PARTIES HAVE REVIEWED THE AIRCRAFT’S MAINTENANCE RECORDS AND OPERATING LOGS AND HAVE FOUND THAT, DURING THE PRECEDING TWELVE MONTHS, OR, IF SHORTER, THE PERIOD FROM THE DATE OF DELIVERY OF THE AIRCRAFT FROM THE MANUFACTURER, THE AIRCRAFT HAS BEEN MAINTAINED AND INSPECTED UNDER FAR PART 91. RECIPIENT ACKNOWLEDGES THAT THE AIRCRAFT WILL BE MAINTAINED AND INSPECTED UNDER FAR PART 91 FOR OPERATIONS TO BE CONDUCTED UNDER THIS AGREEMENT.

Appears in 3 contracts

Samples: Aircraft Time Sharing Agreement (Colony Capital, Inc.), Aircraft Time Sharing Agreement (Moelis & Co), Aircraft Time Sharing Agreement (Moelis & Co)

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TRUTH IN LEASING. (a) THE PARTIES HAVE REVIEWED THE AIRCRAFT’S 'S MAINTENANCE RECORDS AND OPERATING LOGS AND HAVE FOUND THAT, DURING THE PRECEDING TWELVE MONTHS, OR, IF SHORTER, THE PERIOD FROM THE DATE OF DELIVERY OF THE AIRCRAFT FROM THE MANUFACTURER, THE AIRCRAFT HAS BEEN MAINTAINED AND INSPECTED UNDER FAR PART 91. RECIPIENT ACKNOWLEDGES THAT THE AIRCRAFT WILL BE MAINTAINED AND INSPECTED UNDER FAR PART 91 FOR OPERATIONS TO BE CONDUCTED UNDER THIS AGREEMENT.

Appears in 2 contracts

Samples: Aircraft Time Sharing Agreement (Qualcomm Inc/De), Aircraft Time Sharing Agreement (Las Vegas Sands Corp)

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TRUTH IN LEASING. (a) THE PARTIES HAVE LESSEE HAS REVIEWED THE AIRCRAFT’S MAINTENANCE RECORDS AND OPERATING LOGS AND HAVE HAS FOUND THAT, DURING THE TWELVE MONTHS PRECEDING TWELVE MONTHS, OR, IF SHORTER, THE PERIOD EFFECTIVE DATE (OR FROM THE DATE OF DELIVERY OF THE AIRCRAFT FROM THE MANUFACTURERAIRCRAFT’S MANUFACTURE, IF A SHORTER PERIOD) THE AIRCRAFT HAS BEEN MAINTAINED AND INSPECTED UNDER FAR PART 9191 OF THE FARS. RECIPIENT ACKNOWLEDGES LESSEE CERTIFIES THAT THE AIRCRAFT WILL BE MAINTAINED AND INSPECTED UNDER FAR PART 91 FOR OPERATIONS TO BE CONDUCTED UNDER THIS AGREEMENT.

Appears in 2 contracts

Samples: Aircraft Lease Agreement, Aircraft Lease Agreement (Williams Sonoma Inc)

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