Examples of Existing Lessor in a sentence
New Lessor and Existing Lessor hereby notify Lessee that at the Effective Time ownership in the Aircraft has been transferred to New Lessor.
Lessee, Existing Lessor and New Lessor confirm that the representations and warranties made by it in the Agreement are true and correct at the Effective Time.
Neither any Seller nor Existing Lessor nor their respective properties or assets is entitled to sovereign immunity under any such Laws.
Each Seller and Existing Lessor holds all licenses, certificates and permits from applicable Government Entities in its jurisdiction of organization for the performance of its obligations under the Sale Documents.
Each Seller and Existing Lessor is a company duly organized or incorporated (as applicable), validly existing under the Laws of its jurisdiction of incorporation and each has the power and authority to carry on its business as presently conducted and to perform its obligations under the Sale Documents to which it is a party.