Common use of Absolute Transfer Clause in Contracts

Absolute Transfer. In connection with the transfer of Lessor's entire interest in this Lease Agreement (other than with respect to indemnities and third-party liability insurance, as provided herein) (an "Absolute Transfer"): ----------------- 14.1.3.1 Lessor's obligations under this Lease Agreement and the other Operative Documents shall be assumed by the transferee or assignee (and thereupon the assigning Lessor shall be released from all of its obligations hereunder). 14.1.3.2 Lessor shall transfer (1) any cash constituting the Security Deposit or (2) the Letter of Credit to such transferee or assignee. 14.1.3.3 Lessee shall, immediately following such Absolute Transfer, incur no additional material obligations or additional material (over $1,000 in the aggregate) costs (financial or otherwise) hereunder or under any other Operative Document (unless Lessor agrees to indemnify Lessee therefor), provided that neither a change in the Person or Persons to whom, or for whose benefit, Lessee performs its obligations under the Operative Documents, nor an increase in the number of, or change in the nature of, beneficiaries under any indemnification, insurance or other obligation shall, in each case, constitute by itself or in the aggregate a material increase in the obligations of Lessee under the Operative Documents. 14.1.3.4 Such transferee or assignee shall make for the benefit of Lessee all of the Lessor's representations set forth herein. For a period of two years after such Absolute Transfer and at Frontier Lease Agreement (MSN 28760) Execution Copy -62- Lessee's cost, if any, Lessee will, upon Lessor's request, continue to name Lessor (and each other Indemnified Party and Airframe Manufacturer) as an additional insured under Lessee's airline and war-risk liability insurance described in Sections 11.1.1 and 11.1.3, provided that Lessee's obligations hereunder shall not exceed its obligation under Section 11.4 (as if the effective date of such sale or assignment were the last day of the Lease Term).

Absolute Transfer. In connection with the transfer of Lessor's entire interest in this Lease Agreement (other than with respect to indemnities and third-party liability insurance, as provided herein) (an "Absolute Transfer"): ----------------- 14.1.3.1 Lessor's obligations under this Lease Agreement and the other Operative Documents shall be assumed by the transferee or assignee (and thereupon the assigning Lessor shall be released from all of its obligations hereunder). 14.1.3.2 Lessor shall transfer (1) any cash constituting the Security Deposit or (2) the Letter of Credit to such transferee or assignee. 14.1.3.3 Lessee shall, immediately following such Absolute Transfer, incur no additional material obligations or additional material (over $1,000 in the aggregate) costs (financial or otherwise) hereunder or under any other Operative Document (unless Lessor agrees to indemnify Lessee therefor), provided that neither a change in the Person or Persons to whom, or for whose benefit, Lessee performs its obligations under the Operative Documents, nor an increase in the number of, or change in the nature of, beneficiaries under any indemnification, insurance or other obligation shall, in each case, constitute by itself or in the aggregate a material increase in the obligations of Lessee under the Operative Documents. 14.1.3.4 Such transferee or assignee shall make for the benefit of Lessee all of the Lessor's representations set forth herein. For a period of two years after such Absolute Transfer and at Frontier Lease Agreement (MSN 2876028662) Execution Copy -62- Lessee's cost, if any, Lessee will, upon Lessor's request, continue to name Lessor (and each other Indemnified Party and Airframe Manufacturer) as an additional insured under Lessee's airline and war-risk liability insurance described in Sections 11.1.1 and 11.1.3, provided that Lessee's obligations hereunder shall not exceed its obligation under Section 11.4 (as if the effective date of such sale or assignment were the last day of the Lease Term).