Without limiting the foregoing, Customer agrees that within five (5) Business Days of Lender’s request, Customer will enter into an irrevocable power-of-attorney authorizing Aviation Counsel or Lender’s other designee as Customer’s professional user entity and administrator for the purpose of discharging any Registerable Interests as and when directed to do so by Lender in connection with its exercise of its rights and remedies under the Loan Documents. Promptly following the filings and registrations described in Sections 6.5.1 and 6.5.2, Lessee, Owner Trustee and Owner Participant shall receive an opinion addressed to each of them from Aviation Counsel, substantially in the form of Exhibit D.Ĭounsel to the FAA or Aviation Counsel shall have confirmed in writing that the Aircraft is registered or is eligible to be registered in the name of Owner Trustee.Ĭounsel to the FAA or Aviation Counsel shall have confirmed in writing that the Aircraft is registered or is eligible to be registered in the name of Owner Trustee, the Aircraft shall be registered with the FAA in the name of the Owner Trustee (or application for registration of the Aircraft in the name of Owner Trustee shall have been duly made with the FAA) and Lessee has temporary or permanent authority to operate the Aircraft.Īviation Counsel shall mean such counsel as Lender may designate from time to time.Ĭonditions Precedent 2 4.1 Conditions Precedent to Obligations of Owner Participant 2 4.2 Conditions Precedent to Obligations of Owner Trustee 5 4.3 Conditions Precedent to Obligations of Lessee 6 4.4 Aviation Counsel Opinions 8 Section 5.Ĭonditions Precedent 2 4.1 Conditions Precedent to Obligations of Owner Participant 2 4.2 Conditions Precedent to Obligations of Owner Trustee 5 4.3 Conditions Precedent to Obligations of Lessee 6 4.4 Aviation Counsel Opinions 7 Section 5. Examples of Aviation Counsel in a sentence
0 kommentar(er)
