Common use of Notice of Ownership Clause in Contracts

Notice of Ownership. Within 10 Business Days after the Delivery Date, Lessee shall (i) remove from the Aircraft all notices of the ownership interest of any prior owner or mortgagee of the Aircraft and (ii) affix in a reasonably prominent position on the flight deck or cockpit, and on each of the Engines, a legible notice supplied by Lessor reading as follows: "Investors Asset Holding Corp., as Trustee, Owner and Lessor Leased to Classic Airways, Ltd. Lessee" Once affixed as aforesaid, such notice shall not be defaced, covered or removed during the Term, unless Lessor instructs Lessee to change such notice. Lessee shall not allow the name of any person other than Lessor or any assignee of Lessor's interest hereunder to be placed on the Airframe or any Engine as a designation that might be interpreted as a claim of ownership or any interest therein, provided, however, that Lessee may operate the Aircraft in its livery, including its name and logo.

Notice of Ownership. Within 10 Business Days after the Delivery Date, Lessee shall (i) remove from the Aircraft all notices of the ownership interest of any prior owner or mortgagee of the Aircraft and (ii) affix in a reasonably prominent position on the flight deck or cockpit, and on each of the Engines, a legible notice supplied by Lessor reading as follows: "Investors Asset Holding Corp., as Trustee, Owner and Lessor Leased to Classic Airways, Ltd. G.P. Aer Lease Limited Lessee" Once affixed as aforesaid, such notice shall not be defaced, covered or removed during the Term, unless Lessor instructs Lessee to change such notice. Lessee shall not allow the name of any person other than Lessor or any assignee of Lessor's interest hereunder to be placed on the Airframe or any Engine as a designation that might be interpreted as a claim of ownership or any interest therein, provided, however, that Lessee may operate the Aircraft in its livery, including its name and logo.