Authorization in Respect of Return of an Engine. The ----------------------------------------------- Owner Trustee agrees for the benefit of the Owner Participant that, upon the receipt of an authorization and direction from the Owner Participant, it will, in the event of an engine being transferred to the Owner Trustee pursuant to Section 12(b) of the Lease, subject to due compliance with the terms of such Section 12(b): (a) accept from Lessee or other vendor the ▇▇▇▇ of sale contemplated by such Section 12(b) with respect to such engine being transferred to the Owner Trustee; (b) transfer its right, title and interest in (without recourse or warranty except a warranty against Lessor's Liens) and to an Engine to or at the direction of Lessee as contemplated by such Section 12(b); and (c) request in writing that the Indenture Trustee executes and delivers to Lessee appropriate instruments to release the Engine being transferred to Lessee pursuant to such Section 12(b) from the Lien of the Indenture and to release Engine Warranty Assignment (solely with respect to such Engine) from the assignment and pledge under the Indenture.
Appears in 1 contract
Authorization in Respect of Return of an Engine. The ----------------------------------------------- Owner Trustee agrees for the benefit of the Owner Participant that, upon the receipt by a Responsible Officer of the Owner Trustee of an authorization and direction from the Owner Participant, it will, in the event of an engine being transferred to the Owner Trustee pursuant to Section 12(b) of the Lease, subject to due compliance with the terms of such Section 12(b):
(a) accept from Lessee or other vendor the ▇▇▇▇ of sale contemplated by such Section 12(b) with respect to such engine being transferred to the Owner Trustee;
(b) transfer its right, title and interest in (without recourse or warranty except a warranty against Lessor's Liens) and to an Engine to or at the direction of Lessee as contemplated by such Section 12(b); and
(c) request in writing that the Indenture Trustee executes and delivers to Lessee appropriate instruments to release the Engine being transferred to Lessee pursuant to such Section 12(b) from the Lien of the Indenture and to release Engine Warranty Assignment of Warranties (solely with respect to such Engine) from the assignment and pledge under the Indenture.
Appears in 1 contract
Authorization in Respect of Return of an Engine. The ----------------------------------------------- Owner Trustee agrees for the benefit of the Owner Participant that, upon the receipt by a Responsible Officer of the Owner Trustee of an authorization and direction from the Owner Participant, it will, in the event of an engine being transferred to the Owner Trustee pursuant to Section 12(b) of the Lease, subject to due compliance with the terms of such Section 12(b):
(a) accept from Lessee or other vendor the ▇▇▇▇ of sale contemplated by such Section 12(b) with respect to such engine being transferred to the Owner Trustee;
(b) transfer its right, title and interest in (without recourse or warranty except a warranty against Lessor's Liens) and to an Engine to or at the direction of Lessee as contemplated by such Section 12(b); and
(c) request in writing that the Indenture Trustee executes execute and delivers deliver to Lessee appropriate instruments to release the Engine being transferred to Lessee pursuant to such Section 12(b) from the Lien of the Trust Indenture and to release Engine Warranty Assignment of Warranties (solely with respect to such Engine) from the assignment and pledge under the Trust Indenture.
Appears in 1 contract
Authorization in Respect of Return of an Engine. The ----------------------------------------------- Owner Trustee agrees for the benefit of the Owner Participant that, upon the receipt by a Responsible Officer of the Owner Trustee of an authorization and direction from the Owner Participant, it will, in the event of an engine being transferred to the Owner Trustee pursuant to Section 12(b) of the Lease, subject to due compliance with the terms of such Section 12(b):
(a) accept from Lessee or other vendor the ▇▇▇▇ of sale contemplated by such Section 12(b) with respect to such engine being transferred to the Owner Trustee;
(b) transfer its right, title and interest in (without recourse or warranty except a warranty against Lessor's Liens) and to an Engine to or at the direction of Lessee as contemplated by such Section 12(b); and
(c) request in writing that the Indenture Trustee executes and delivers to Lessee appropriate instruments to release the Engine being transferred to Lessee pursuant to such Section 12(b) from the Lien of the Indenture and to release Engine Warranty Assignment (solely with respect to such Engine) from the assignment and pledge under the Indenture.
Appears in 1 contract
Authorization in Respect of Return of an Engine. The ----------------------------------------------- Owner Trustee agrees for the benefit of the Owner Participant that, upon the receipt of an authorization and direction from the Owner Participant, it will, in the event of an engine being transferred to the Owner Trustee pursuant to Section 12(b) of the Lease, subject to due compliance with the terms of such Section 12(b):
(a) accept from Lessee or other vendor the ▇▇▇▇ of sale contemplated by such Section 12(b) with respect to such engine being transferred to the Owner Trustee;
(b) transfer its right, title and interest in (without recourse or warranty except a warranty against Lessor's Liens) and to an Engine to or at the direction of Lessee as contemplated by such Section 12(b); and
(c) request in writing that the Indenture Trustee executes execute and delivers deliver to Lessee appropriate instruments to release the Engine being transferred to Lessee pursuant to such Section 12(b) from the Lien of the Trust Indenture and to release Engine Warranty Assignment of Warranties (solely with respect to such Engine) from the assignment and pledge under the Trust Indenture.
Appears in 1 contract
Authorization in Respect of Return of an Engine. The ----------------------------------------------- Owner Trustee agrees for the benefit of the Owner Participant that, upon the receipt by a Responsible Officer of the Owner Trustee of an authorization and direction from the Owner Participant, it will, in the event of an engine being transferred to the Owner Trustee pursuant to Section 12(b) of the Lease, subject to due compliance with the terms of such Section 12(b):
(a) accept from Lessee or other vendor the ▇▇▇▇ of sale contemplated by such Section 12(b) with respect to such engine being transferred to the Owner Trustee;
(b) transfer its right, title and interest in (without recourse or warranty except a warranty against Lessor's Liens) and to an Engine to or at the direction of Lessee as contemplated by such Section 12(b); and
(c) request in writing that the Indenture Trustee executes execute and delivers deliver to Lessee appropriate instruments to release the Engine being transferred to Lessee pursuant to such Section 12(b) from the Lien of the Indenture and to release Engine Warranty Assignment of Warranties (solely with respect to such Engine) from the assignment and pledge under the Indenture.
Appears in 1 contract