Common use of Cape Town Clause in Contracts

Cape Town. (A) The Owner is a “transacting user entity” (as such term is defined in the Regulations of the International Registry); is “situated,” for the purposes of the Cape Town Convention, in the United States; and has the power to “dispose” (as such term is used in the Cape Town Convention) of the Aircraft; (B) the Airframe and Engines are “aircraft objects” (as defined in the Cape Town Convention); and (C) the United States is a Contracting State under the Cape Town Convention.

Appears in 2 contracts

Sources: Loan Agreement (Aspirational Consumer Lifestyle Corp.), Loan Agreement (Aspirational Consumer Lifestyle Corp.)

Cape Town. (A) The Owner is a “transacting user entity” Transacting User Entity (as such term is defined in the Regulations regulations of the International Registry); is "situated,” ", for the purposes of the Cape Town ConventionTreaty, in the United States; and has the power to "dispose" (as such term is used in the Cape Town ConventionTreaty) of the Aircraft; (B) Airframe and each Engine. The [Bills of Sale for the Airframe and Engines are “aircraft objects” constitute a "contract of sale" (as defined in the Cape Town ConventionTreaty); , and (C) the]13 Trust Indenture, as supplemented by the United States is a Contracting State under the Cape Town Convention.Trust Indenture Supplement in _______________

Appears in 1 contract

Sources: Participation Agreement (Continental Airlines Inc /De/)