Common use of Actions of the Lessee Clause in Contracts

Actions of the Lessee. Upon satisfaction or waiver by the Lessee of the conditions precedent set forth in Section 3.02, the Lessee shall on the Delivery Date lease the Aircraft from the Owner Trustee pursuant to the Lease. To accomplish such transactions the Lessee shall, concurrently with the actions of the Owner Trustee pursuant to Section 2.02(b), take the following actions:

Appears in 5 contracts

Samples: Lease Agreement (Republic Airways Holdings Inc), Participation Agreement (Republic Airways Holdings Inc), Participation Agreement (Republic Airways Holdings Inc)

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Actions of the Lessee. Upon satisfaction or waiver by the Lessee of the conditions precedent set forth in Section 3.02, the Lessee shall on the Delivery Date assign to the Owner Trustee pursuant to the Purchase Agreement Assignment the Lessee's right to take title to the Aircraft and lease the Aircraft from the Owner Trustee pursuant to the Lease. To accomplish such transactions the Lessee shall, concurrently with the actions of the Owner Trustee pursuant to Section 2.02(b), take the following actions:

Appears in 1 contract

Samples: Note Purchase Agreement (Midway Airlines Corp)

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