Common use of Use of Aircraft Clause in Contracts

Use of Aircraft. User warrants that: (a) He has all necessary powers to enter into the transactions contemplated in this Agreement and has taken actions required to authorize and approve this Agreement; (b) He will use the Aircraft under this Agreement for and only for his own account, including the carriage of his guests, and will not use the Aircraft for the purpose of providing transportation of passengers or cargo for compensation or hire or for common carriage; (c) He will not permit any lien, security interest or other charge or encumbrance to attach against the Aircraft as a result of his actions or inactions, and shall not attempt to convey, mortgage, assign, lease or in any way alienate the Aircraft or AETRSC’s rights hereunder or create any kind of lien or security interest involving the Aircraft or do anything or take any action that might mature into such a lien; and (d) During the Term of this Agreement, he will abide by and conform to all such laws, governmental and airport orders, rules and regulations as shall from time to time be in effect relating in any way to the operation or use of the Aircraft by the lessee under a time sharing arrangement and all applicable policies of AETRSC.

Appears in 3 contracts

Samples: Time Sharing Agreement (American Express Co), Time Sharing Agreement (American Express Co), Time Sharing Agreement (American Express Co)

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Use of Aircraft. User warrants that: (a) He has all necessary powers to enter into the transactions contemplated in this Agreement and has taken actions required to authorize and approve this Agreement; (b) He will use the Aircraft under this Agreement for and only for his own account, including the carriage of his guests, and will not use the Aircraft for the purpose of providing transportation of passengers or cargo for compensation or hire or for common carriage; (c) He will not permit any lien, security interest or other charge or encumbrance to attach against the Aircraft as a result of his actions or inactions, and shall not attempt to convey, mortgage, assign, lease or in any way alienate the Aircraft or AETRSCOperator’s rights hereunder or create any kind of lien or security interest involving the Aircraft or do anything or take any action that might mature into such a lien; and (d) During the Term of this Agreement, he will abide by and conform to all such laws, governmental and airport orders, rules rules, and regulations as shall from time to time be in effect relating in any way to the operation or use of the Aircraft by the lessee User under a time sharing arrangement and all applicable policies of AETRSCOperator.

Appears in 2 contracts

Samples: Time Sharing Agreement (Macy's, Inc.), Time Sharing Agreement (Macy's, Inc.)

Use of Aircraft. User warrants that: (a) He User has all necessary powers to enter into the transactions contemplated in this Agreement and has taken actions required to authorize and approve this Agreement; (b) He User will use the Aircraft under this Agreement for and only for his own account, including the carriage of his guests, and will not use the Aircraft for the purpose of providing transportation of passengers or cargo for compensation or hire or for common carriage; (c) He User will not permit any lien, security interest or other charge or encumbrance to attach against the Aircraft as a result of his actions or inactions, and shall not attempt to convey, mortgage, assign, lease or in any way alienate the Aircraft or AETRSCOperator’s rights hereunder or create any kind of lien or security interest involving the Aircraft or do anything or take any action that might mature into such a lien; and (d) During the Term of this Agreement, he User will abide by and conform to all such laws, governmental and airport orders, rules rules, and regulations as shall from time to time be in effect relating in any way to the operation or use of the Aircraft by the lessee User under a time time-sharing arrangement and all applicable policies of AETRSCOperator.

Appears in 1 contract

Samples: Time Sharing Agreement (Macy's, Inc.)

Use of Aircraft. User warrants that: (ai) He has all necessary powers to enter into the transactions contemplated in this Agreement and has taken actions required to authorize and approve this Agreement; (bii) He will use the Aircraft under this Agreement for and only for his own account, including the carriage of his guests, and will not use the Aircraft for the purpose of providing transportation of passengers or cargo for compensation or hire or for common carriage; (ciii) He will not permit any lien, security interest or other charge or encumbrance to attach against the Aircraft as a result of his actions or inactions, and shall not attempt to convey, mortgage, assign, lease or in any way alienate the Aircraft or AETRSCNEC’s rights hereunder or create any kind of lien or security interest involving the Aircraft or do anything or take any action that might mature into such a lien; and (div) During the Term of this Agreement, he will abide by and conform to all such laws, governmental and airport orders, rules rules, and regulations as shall from time to time be in effect relating in any way to the operation or use of the Aircraft by the lessee under a time sharing arrangement and all applicable policies of AETRSCNEC.

Appears in 1 contract

Samples: Time Sharing Agreement (American Express Co)

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Use of Aircraft. User warrants that: (a) He User has all necessary powers to enter into the transactions contemplated in this Agreement and has taken actions required to authorize and approve this Agreement; (b) He User will use the Aircraft under this Agreement for and only for his own account, including the carriage of his guests, and will not use the Aircraft for the purpose of providing transportation of passengers or cargo for compensation or hire or for common carriage; (c) He User will not permit any lien, security interest or other charge or encumbrance to attach against the Aircraft as a result of his actions or inactions, and shall not attempt to convey, mortgage, assign, lease or in any way alienate the Aircraft or AETRSCOperator’s rights hereunder or create any kind of lien or security interest involving the Aircraft or do anything or take any action that might mature into such a lien; and (d) During the Term of this Agreement, he User will abide by and conform to all such laws, governmental and airport orders, rules rules, and regulations as shall from time to time be in effect relating in any way to the operation or use of the Aircraft by the lessee User under a time sharing arrangement and all applicable policies of AETRSCOperator.

Appears in 1 contract

Samples: Time Sharing Agreement (Macy's, Inc.)

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