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 sell the Aircraft (or cause the Aircraft to be sold) to the Owner Trustee, lease the Aircraft from the Owner Trustee pursuant to the Lease, assign to the Owner Trustee pursuant to the Purchase Agreement Assignment certain of the Lessee's rights and interests in and to the Purchase Agreement and assign to the Owner Trustee pursuant to the Engine Warranty Assignment the Lessee's rights and interests in and to the Warranties (as defined in the Engine Warranty Assignment). 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 2 contracts

Samples: Conformed Copy (Midway Airlines Corp), Participation Agreement (Midway Airlines Corp)

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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 sell the Aircraft (or cause the Aircraft to be sold) to the Owner Trustee, lease the Aircraft from the Owner Trustee pursuant to the Lease, assign to the Owner Trustee pursuant to the Purchase Agreement Assignment certain of the Lessee's rights and interests in and to the Purchase Agreement and assign to the Owner Trustee pursuant to the Engine Warranty Assignment the Lessee's rights and interests in and to the Warranties (as defined in the Engine Warranty Assignment). 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: Participation Agreement (Midway Airlines Corp)

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 sell the Aircraft (or cause the Aircraft to be sold) to the Owner Trustee, lease the Aircraft from the Owner Trustee pursuant to the Lease, assign to the Owner Trustee pursuant to the Purchase Agreement Assignment certain of the Lessee's rights and interests in and to the Purchase Agreement and assign to the Owner Trustee pursuant to the Engine Warranty Assignment the Lessee's rights and interests in and to the Warranties (as defined in the Engine Warranty Assignment). 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: Participation Agreement (Midway Airlines Corp)

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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 sell the Aircraft (or cause the Aircraft to be sold) sold to the Owner TrusteeLessor, lease the Aircraft from the Owner Trustee Lessor pursuant to the Lease, assign to the Owner Trustee Lessor pursuant to the Purchase Agreement Assignment certain of the Lessee's rights and interests in and to the Purchase Agreement and assign to the Owner Trustee Lessor pursuant to the Engine Warranty Assignment the Lessee's rights and interests in and to the Warranties (as defined in the Engine Warranty Assignment). To accomplish such transactions the Lessee shall, concurrently with the actions of the Owner Trustee Lessor pursuant to Section 2.02(b), take the following actions:

Appears in 1 contract

Samples: Conformed Copy (Midway Airlines Corp)

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