Common use of No Default or Event of Default under this Lease Clause in Contracts

No Default or Event of Default under this Lease. At the time of execution of this Lease, no Default or Event of Default has occurred and is continuing and the financial statements provided to Lessor pursuant to Article 20 have been prepared in accordance with Financial Information Norms “Normas de Information Financiera” (NIF), and fairly present the financial condition of Lessee with respect to the period covered thereby.

Appears in 1 contract

Sources: Aircraft Lease Agreement (Controladora Vuela Compania De Aviacion, S.A.B. De C.V.)

No Default or Event of Default under this Lease. At the time of execution of this Lease, no Default or Event of Default has occurred and is continuing and the financial statements provided to Lessor pursuant to Article 20 have been prepared in accordance with Financial Information Norms “Normas de Information Información Financiera” (NIF), and fairly present the financial condition of Lessee with respect to the period covered thereby.

Appears in 1 contract

Sources: Aircraft Lease Agreement (Controladora Vuela Compania De Aviacion, S.A.B. De C.V.)