Common use of Return of the Engines Clause in Contracts

Return of the Engines. In the event that any engine not owned by Lessor shall be delivered with the returned Airframe as set forth in paragraph (a) of this Section 5, Lessee, concurrently with such delivery, will, at no cost to Lessor, furnish, or cause to be furnished, to Lessor a full warranty (as to title) ▇▇▇▇ of sale with respect to each such engine, in form and substance satisfactory to Lessor (together with an opinion of counsel to the effect that such full warranty ▇▇▇▇ of sale has been duly authorized and delivered and is enforceable in accordance with its terms and that such engines are free and clear of Liens other than Lessor Liens (including for this purpose Liens which would be Lessor Liens but for the proviso in the definition of Lessor Liens), Loan Participant Liens and Indenture Trustee Liens), against receipt from Lessor of a ▇▇▇▇ of sale or other instrument evidencing the transfer, without recourse or warranty (except as to the absence of Lessor Liens, including for this purpose Liens which would be Lessor Liens but for the proviso in the definition of Lessor Liens), by Lessor to Lessee or its designee of all of Lessor's right, title and interest in and to any Engine constituting part of the Aircraft but not installed on the Airframe at the time of the return of the Airframe.

Appears in 2 contracts

Sources: Participation Agreement (Northwest Airlines Corp), Lease Agreement (Northwest Airlines Corp)

Return of the Engines. In the event that any engine not owned by Lessor a Replacement Engine shall --------------------- be delivered with With the returned Airframe Air frame as set forth in paragraph (a) of this Section 55.1, Lessee, concurrently with such delivery, will, at no cost to Lessor, furnish, or cause to be furnished, to Lessor a full warranty (as to title) ▇▇▇▇ of sale with respect to each such engineReplacement Engine, in form and substance reasonably satisfactory to Lessor (together with an opinion of counsel (which may be Lessee's General Counsel) to the effect that such full warranty ▇▇▇▇ of sale has been duly authorized and delivered and is enforceable in accordance with its terms and that such engines Replacement Engines are free and clear of all Liens other than Lessor Liens (including for this purpose Liens which that would be Lessor Liens but for the proviso in to the definition of Lessor Federal Express Boeing 727-2D4 N362PA Liens), Loan Participant Liens and Indenture Trustee Liens), against upon receipt from Lessor of a ▇▇▇▇ of sale or other instrument evidencing the transfer, without recourse or warranty (except as to the absence of Lessor Liens, Liens (including for this purpose Liens which that would be Lessor Liens but for the proviso in to the definition of Lessor Liens), ) by Lessor to Lessee or its designee of all of Lessor's right, title and interest in and to any Engine constituting part of the Aircraft but not installed on the Airframe at the time of the return of the Airframe.

Appears in 1 contract

Sources: Aircraft Lease Agreement (Airlease LTD)

Return of the Engines. In the event that any engine not owned by Lessor shall be delivered with the returned Airframe as set forth in paragraph (a) of this Section 5, Lessee, concurrently with such delivery, will, at no cost to Lessor, furnish, or cause to be furnished, to Lessor a full warranty (as to title) ▇▇▇▇ bill of sale with respect to each such engine, in form and substance satisfactory substan▇▇ ▇atisfactory to Lessor (together with an opinion of counsel to the effect that such full warranty ▇▇▇▇ bill of sale has been duly authorized and delivered and is enforceable enforce▇▇▇▇ in accordance with its terms and that such engines are free and clear of Liens other than Lessor Liens (including for this purpose Liens which would be Lessor Liens but for the proviso in the definition of Lessor Liens), Indenture Trustee's Liens and Loan Participant Liens and Indenture Trustee Liens), against receipt from Lessor of a ▇▇▇▇ bill of sale or other instrument evidencing the transfer, without recourse ▇▇▇▇urse or warranty (except as to the absence of Lessor Liens, including for this purpose Liens which would be Lessor Liens but for the proviso in the definition of Lessor Liens), by Lessor to Lessee or its designee of all of Lessor's right, title and interest in and to any Engine constituting part of the Aircraft but not installed on the Airframe at the time of the return of the Airframe.

Appears in 1 contract

Sources: Lease Agreement (Northwest Airlines Inc /Mn)

Return of the Engines. In the event that If any engine not owned by Lessor shall be delivered is returned with the returned Airframe as set forth in paragraph (a) of this Section 5, Lessee, concurrently with such delivery, will, at no cost to Lessor, furnish, or cause to be furnished, to Lessor a full warranty (as to title) ▇▇▇▇ bill of sale with respect to each such engine, in form and substance substa▇▇▇ reasonably satisfactory to Lessor (together with an opinion of counsel to the effect that such full warranty ▇▇▇▇ bill of sale has been duly authorized and delivered and is enforceable enforc▇▇▇▇e in accordance with its terms and that such engines are free and clear of Liens other than Lessor Liens (including for this purpose Liens which would be Lessor Liens but for the proviso in the definition of Lessor Liens), Loan Participant Trustee Liens and Indenture Trustee Noteholder Liens), against receipt from Lessor of a ▇▇▇▇ bill of sale or other instrument evidencing the transfer, without recourse or warranty warrant▇ (except ▇xcept as to the conveyance of whatever title was received from Lessee and as to the absence of Lessor Liens, including for this purpose Liens which would be Lessor Liens but for the proviso in the definition of Lessor Liens), by Lessor to Lessee or its designee of all of Lessor's right, title and interest in and to any Engine constituting part of the Aircraft but not installed on the Airframe at the time of the return of being returned with the Airframe.

Appears in 1 contract

Sources: Participation Agreement (Delta Air Lines Inc /De/)