Common use of No Liens or Encumbrances Clause in Contracts

No Liens or Encumbrances. Lessee shall have no right to consent to, allow or permit any liens or encumbrances on the Aircraft. Lessee shall promptly pay and discharge all taxes, assessments and governmental charges or levies imposed upon the Aircraft. Upon Lessee's default in the discharge of any such taxes, assessment or encumbrances, Lessor may do so at Lessee's expense and charge same to Lessee, and such cost and expense thereof shall become due and payable on demand of Lessor. Lessee shall have absolute control, direction and responsibility for, and shall bear and pay all costs of operating and maintaining the Aircraft, including excise taxes, gasoline taxes, licensing fees, landing fees or any other airport fees, or any other operating expenses of whatever nature and kind as set out herein. Lessee shall have responsibility for and shall promptly, on a pro-rata basis, reimburse Lessor for Federal use taxes incurred by the Aircraft during the term of this Lease. The taxes, levies and charges which Lessee undertakes to pay under this paragraph are, except with respect to the Federal use tax, limited to those arising out of Lessee's operation only and shall exclude such costs which relate to Lessor's interest, ownership or income from the Aircraft or from this Lease.

Appears in 5 contracts

Samples: Helicopter Lease Agreement (Ata Holdings Corp), Aircraft Lease Agreement (Ata Holdings Corp), Lear Jet Aircraft Lease Agreement (Ata Holdings Corp)

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No Liens or Encumbrances. Lessee Sublessee shall have no right to consent to, allow or permit any liens or encumbrances on the Aircraft. Lessee Sublessee shall promptly pay and discharge all taxes, assessments and governmental charges or levies imposed upon the Aircraft. Upon LesseeSublessee's default in the discharge of any such taxes, assessment or encumbrances, Lessor Sublessor may do so at LesseeSublessee's expense and charge same to LesseeSublessee, and such cost and expense thereof shall become due and payable on demand of LessorSublessor. Lessee Sublessee shall have absolute control, direction and responsibility for, and shall bear and pay all costs of operating and maintaining the Aircraft, including excise taxes, gasoline taxes, licensing fees, landing fees or any other airport fees, or any other operating expenses of whatever nature and kind as set out herein. Lessee Sublessee shall have responsibility for and shall promptly, on a pro-rata basis, reimburse Lessor Sublessor for Federal use taxes incurred by the Aircraft during the term of this LeaseSublease. The taxes, levies and charges which Lessee Sublessee undertakes to pay under this paragraph are, except with respect to the Federal use tax, limited to those arising out of LesseeSublessee's operation only and shall exclude such costs which relate to LessorSublessor's interest, ownership or income from the Aircraft or from this LeaseSublease.

Appears in 3 contracts

Samples: Aircraft Sublease Agreement (Ata Holdings Corp), Helicopter Sublease Agreement (Ata Holdings Corp), Lear Jet Aircraft Sublease Agreement (Ata Holdings Corp)

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