Common use of Registrations to be Made in the International Registry Clause in Contracts

Registrations to be Made in the International Registry. The parties hereto agree that the interests set forth in Section 5.02(o) filed with the International Registry (collectively, the “Cape Town Registrations”) in respect of each Aircraft shall, with respect to such Aircraft, have the order of priority set forth therein (with the first listed having the highest priority under the Cape Town Convention and subsequent interests having decreasing priority), notwithstanding any variation from this order of priority which may appear according to the time of registration of any such interest in the records of the International Registry. The Borrower authorizes and consents to the Cape Town Registrations and shall procure that each Applicable Aircraft Subsidiary and each Lessee authorizes and consents to the Cape Town Registrations applicable to it. Subject to the proviso set forth in Section 7.01(e), the Borrower agrees to cooperate and to take such actions, insofar as any such consent, cooperation or action of such party is required, as are necessary to timely effect the Cape Town Registrations.