Examples of Effective Time Notice in a sentence
Immediately thereupon, each of the parties hereto unconditionally and irrevocably agrees to sign and deliver to each of the other parties hereto the Effective Time Notice at the same time as (and subject to) the sale of the Aircraft to the New Owner is completed.
At the time when all the conditions precedent set out in Clause 3.1 are satisfied or waived then the Effective Time Notice shall be completed and executed by all the parties to this Agreement to evidence the Effective Time.
This Agreement shall become effective upon execution by the Existing Lessor, the Lessee and the New Lessor of the Effective Time Notice.
On the Delivery Date and subject to the satisfaction or waiver of the conditions precedent in Clause 4, including the payment by the Buyer of the Purchase Price, the parties shall jointly deliver the Effective Time Notice to the Lessee and the Seller shall execute and deliver the Xxxx of Sale.
This Effective Time Notice (this “Notice”) is entered into for purposes of the Third Trust Assignment and Assumption Agreement (MSN 30241) dated as of July 26, 2019 among the Assignor, the Assignee and the Owner Trustee (the “Agreement”).