Common use of Lessee will Clause in Contracts

Lessee will. (a) maintain its business as a cargo airline, preserve its corporate existence (other than as permitted in Section 8.7 (vii) below) and maintain all rights, privileges, licenses and franchises material thereto or material to performing its obligations under the Lease;

Appears in 2 contracts

Samples: Common Terms Agreement (Kitty Hawk Inc), Common Terms Agreement (Kitty Hawk Inc)

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Lessee will. (ai) maintain its business as a cargo commercial scheduled airline, will preserve its corporate existence (other than as permitted in Section 8.7 (vii) below) and will maintain all rights, privileges, licenses and franchises material thereto or material to performing its obligations under the Lease;

Appears in 1 contract

Samples: Aircraft Lease Agreement (Turn Works Acquisition Iii Sub a Inc)

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Lessee will. (ai) maintain its business as a cargo commercial scheduled airline, will preserve its corporate existence (other than as permitted in connection with a solvent reorganization on terms which shall have been previously approved in writing by Lessor and Section 8.7 (vii) below) and will maintain all rights, privileges, licenses and franchises material thereto or material to performing its obligations under the Lease;

Appears in 1 contract

Samples: Common Terms Agreement (Controladora Vuela Compania De Aviacion, S.A.B. De C.V.)

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