Common use of Cape Town Clause in Contracts

Cape Town. (a) Unless and until the Aircraft has been delivered by the Seller to the Buyer in accordance with this Agreement, the Buyer shall not seek to, nor be entitled to, register any interest in the Airframe or any Engine at the international registry (the “IR”) located in Dublin, Ireland, established pursuant to the Convention on International Interests in Mobile Equipment, and the Protocol to the Convention on International Interests in Mobile Equipment on Matters Specific to Aircraft Equipment, in each case adopted on November 16, 2001, at a diplomatic conference in ▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇ Convention. (b) At or after Delivery, the Seller will cooperate with the Buyer to (i) register a contract of sale in respect of the Airframe and each of the Engines with the international registry, (ii) cause Credit Agricole Corporate and Investment Bank to discharge its existing international interests in respect of the Airframe and each of the Engines then registered with the IR and (iii) if permitted by applicable law, cause new international interests created by the Novation Agreement to be registered with the IR with the Lessee as Debtor and the Buyer as creditor (it being understood that this registration will be for notice purposes only). The Seller’s co-operation will include the Seller being, at its own expense, a Transacting User Entity approved by the IR at Delivery.

Cape Town. (a) Unless and until the Aircraft has been delivered by the Seller to the Buyer in accordance with this Agreement, the Buyer shall not seek to, nor be entitled to, register any interest in the Airframe or any Engine at the international registry (the “IR”) located in Dublin, Ireland, established pursuant to the Convention on International Interests in Mobile Equipment, and the Protocol to the Convention on International Interests in Mobile Equipment on Matters Specific to Aircraft Equipment, in each case adopted on November 16, 2001, at a diplomatic conference in ▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇ Convention. (b) At or after Delivery, the Seller will cooperate with the Buyer to (i) register a contract of sale in respect of the Airframe and each of the Engines with the international registry, (ii) cause Credit Agricole Corporate and Investment ▇▇▇▇▇ Fargo Bank Northwest, National Association to discharge its existing international interests in respect of the Airframe and each of the Engines then registered with the IR and (iii) if permitted by applicable law, cause new international interests created by the Novation Agreement to be registered with the IR with the Lessee as Debtor and the Buyer as creditor (it being understood that this registration will be for notice purposes only). The Seller’s co-operation will include the Seller being, at its own expense, a Transacting User Entity approved by the IR at Delivery.