Common use of Affirmation of Acceptance under the Lease Clause in Contracts

Affirmation of Acceptance under the Lease. The Lessor, having accepted delivery of the Aircraft from AVSA on the Delivery Date and having simultaneously leased the Aircraft to the Lessee, and the Lessee, having leased the Aircraft from the Lessor on the Delivery Date, as evidenced by the execution by the Lessor and the Lessee of the initial Lease Supplement (which is incorporated by reference herein), hereby affirm the terms and conditions of the Original Lease as herein amended and restated and of the Purchase Agreement Assignment. This Lease shall last for the Term, at all times during which full legal title to the Aircraft shall remain vested with the Lessor to the exclusion of the Lessee, notwithstanding the possession and use thereof by the Lessee or any other Person.

Appears in 1 contract

Sources: Lease Agreement (Federal Express Corp)

Affirmation of Acceptance under the Lease. The Lessor, having accepted delivery of the Aircraft from AVSA on the Delivery Date and having simultaneously leased the Aircraft to the Lessee, and the Lessee, having leased the Aircraft from the Lessor on the Delivery Date, as evidenced by the execution by the Lessor and the Lessee of the initial Lease Supplement (which is incorporated by reference herein), hereby affirm the terms and conditions of the Original Lease as herein amended and restated and of the Purchase Agreement Assignmentrestated. This Lease shall last for the Term, at all times during which full legal title to the Aircraft shall remain vested with in the Lessor to the exclusion of the Lessee, notwithstanding the possession and use thereof by the Lessee or any other Person.

Appears in 1 contract

Sources: Lease Agreement (Federal Express Corp)

Affirmation of Acceptance under the Lease. The Lessor, having accepted delivery of the Aircraft from AVSA on the Delivery Date and having simultaneously leased the Aircraft to the Lessee, and the Lessee, having leased the Aircraft from the Lessor on the Delivery Date, as evidenced by the execution by the Lessor and the Lessee of the initial Lease Supplement (which is incorporated by reference herein), hereby affirm the terms and conditions of the Original Lease as herein amended and restated and of the Purchase Agreement Assignmentrestated. This Lease shall last for the Term, at all times during which full legal title to the Aircraft shall remain vested with the Lessor to the exclusion of the Lessee, notwithstanding the possession and use thereof by the Lessee or any other Person.

Appears in 1 contract

Sources: Lease Agreement (Federal Express Corp)

Affirmation of Acceptance under the Lease. The Lessor, having accepted delivery of the Aircraft from AVSA the Lessee on the Delivery Date and having simultaneously leased the Aircraft to the Lessee, and the Lessee, having leased the Aircraft from the Lessor on the Delivery Date, as evidenced by the execution by the Lessor and the Lessee of the initial Lease Supplement (which is incorporated by reference herein), hereby affirm the terms and conditions of the Original Lease as herein amended and restated and of the Purchase Agreement Assignmentrestated. This Lease shall last for the Term, at all times during which full legal title to the Aircraft shall remain vested with in the Lessor to the exclusion of the Lessee, notwithstanding the possession and use thereof by the Lessee or any other Person.

Appears in 1 contract

Sources: Lease Agreement (Federal Express Corp)

Affirmation of Acceptance under the Lease. The Lessor, having accepted delivery of the Aircraft from AVSA the Lessee on the Delivery Date and having simultaneously leased the Aircraft to the Lessee, and the Lessee, having leased the Aircraft from the Lessor on the Delivery Date, as evidenced by the execution by the Lessor and the Lessee of the initial Lease Supplement (which is incorporated by reference herein), hereby affirm the terms and conditions of the Original Lease as herein amended and restated and of the Purchase Agreement Assignmentrestated. This Lease shall last for the Term, at all times during which full legal title to the Aircraft shall remain vested with the Lessor to the exclusion of the Lessee, notwithstanding the possession and use thereof by the Lessee or any other Person.

Appears in 1 contract

Sources: Lease Agreement (Federal Express Corp)