Examples of Lessor Liens in a sentence
On the Expiry Date or termination of the leasing of the Aircraft under this Agreement, Lessee shall, unless a Total Loss has occurred, at its expense, return and redeliver the Aircraft and Aircraft Documents to Lessor at the Redelivery Location in a condition complying with Schedule 3, free and clear of all Security Interests and Permitted Liens (other than Lessor Liens).
On the Final Date, Lessee shall redeliver the Engine Package: free of Liens (save Lessor Liens) to the Redelivery Location; and in compliance with the conditions and requirements specified in 11.2-11.4 and Part I, point 21 of the Lease Agreement, save to the extent (a) the Engine is Unserviceable and (b) that Unserviceability affects such conditions and requirements.
At the time of return, the Equipment will be (i) free and clear of all Liens (other than Lessor Liens) and rights of third parties under sublease or similar agreements or arrangements; and (ii) in as good operating condition as when delivered to Lessee hereunder, ordinary wear and tear excepted.
Nothing contained herein is intended to relieve Lessee of its obligation to return the Equip- ment or restrict Lessor’s right to recover the same in the event of termination of the Xxxxx.Xx the time of return, the Equipment will be (i) free and clear of all Liens (other than Lessor Liens) and rights of third parties under sublease or similar agreements or arrangements; and (ii) in as good operating condition as when delivered to Lessee hereunder, ordinary wear and tear excepted.
Lessee shall in no event have any recourse against Lessor for any defect in or exception to title to the Leased Property other than resulting from Lessor Liens or a breach by Lessor of its obligations under Article XXI.