Common use of Warranties for Work Performed During Lease Term Clause in Contracts

Warranties for Work Performed During Lease Term. At the time LESSEE has work performed on the Aircraft, an Engine or any Part during the Lease Term, LESSEE will obtain the written agreement of Manufacturer, Engine Manufacturer and any other vendor or repair facility performing major repair or overhaul work that the warranties received by LESSEE for such work are assignable to and extend to the benefit of Owner and any future owner and any subsequent operator of the Aircraft or Engine after the Termination Date.

Warranties for Work Performed During Lease Term. At the time LESSEE has work performed on the Aircraft, an Engine or any Part during the Lease Term, LESSEE will obtain the written agreement of Manufacturer, the Engine Manufacturer manufacturer and any other vendor or repair facility performing major repair or overhaul such work that the warranties received by LESSEE for such work are assignable to and extend to the benefit of Owner and any future the owner and any subsequent operator of the Aircraft or Engine after the Termination Date.