Common use of FAA Documents Clause in Contracts

FAA Documents. On or prior to the Acceptance Date and at least one full Business Day prior to closing, Lessee shall have delivered to FAA counsel the following "FAA Documents", as applicable: 1. Evidence of reservation of a FAA registration number for the Aircraft and/or an Assignment of Special Registration Number (FAA AC Form 8050-64) assigning rights in such "N" number to Lessor with respect to the Aircraft. 2. Evidence of the issuance by the FAA of a Standard Airworthiness Certificate (FAA AC Form 8100-2) for the Aircraft. (a) The executed FAA Aircraft ▇▇▇▇ of Sale (FAA AC Form 8050-2) (the "FAA ▇▇▇▇ of Sale") in the name of Lessor; (b) the executed FAA Aircraft Registration Application (FAA AC Form 8050-1) (the "Registration Application") (except for the pink copy which shall be available to be placed on the Aircraft upon acceptance thereof); (c) executed releases of any Liens in form and substance satisfactory to FAA Counsel, Lessor's counsel and/or Lessor; (d) one (1) fully executed counterpart of the Lease, and the Lease Supplement and Schedules thereto, all the foregoing being in proper form for filing with the FAA; (e) such other documents as are necessary, in the opinion of FAA Counsel, to vest good title to the Aircraft in the name of Lessor, free and clear of Liens; (f) a Declaration of International Operations if Lessee will fly the Aircraft out of the continental U.S. within thirty (30) days after Closing; and (g) if applicable, a LLC Application or statement acceptable to the FAA.

Appears in 1 contract

Sources: Lease Agreement (Pfsweb Inc)

FAA Documents. On or prior to the Acceptance Date and at least one full -------------- Business Day prior to closing, Lessee Lessees shall have delivered to FAA counsel the following "FAA Documents", as applicable:: -------------- SUNTRUST LEASING CORPORATION -------------------------------------------------------------------------------- 1. Evidence of reservation of a FAA registration number for the Aircraft and/or an Assignment of Special Registration Number (FAA AC Form 8050-64) assigning rights in such "N" number to Lessor with respect to the Aircraft. 2. Evidence of the issuance by the FAA of a Standard Airworthiness Certificate (FAA AC Form 8100-2) for the Aircraft. (a) The executed FAA Aircraft ▇▇▇▇ Bill of Sale (FAA AC Form 805080▇▇-2) (the "FAA ▇▇▇▇ Bill of Sale") in the name n▇▇▇ of Lessor; (b) the executed FAA Aircraft ------------------- Registration Application (FAA AC Form 8050-1) (the "Registration Application") ------------------------ in the name of Lessees (except for the pink copy which shall be available to be placed on the Aircraft upon acceptance thereof); (c) executed releases of any Liens in form and substance satisfactory to FAA Counsel, Lessor's counsel and/or Lessor; (d) one (1) fully executed counterpart of the Lease, Lease and the Lease Supplement and Schedules thereto, all the foregoing being in proper form for filing with the FAA; (e) such other documents as are necessary, in the opinion of FAA Counsel, to vest good title evidence and perfect Lessor's first priority security interest in and to the Aircraft in the name of Lessor, free Aircraft; and clear of Liens; (f) a Declaration of International Operations if any Lessee will fly the Aircraft out of the continental U.S. within thirty (30) days after Closing; and (g) if applicable, a LLC Application or statement acceptable to the FAA.

Appears in 1 contract

Sources: Synthetic Aircraft Lease (Pomeroy It Solutions Inc)