Rights of Setoff. To the extent permitted by Applicable Law, the Servicer hereby waives any right it may have under Applicable Law to exercise any rights of setoff with respect to any assets it holds owned by, or money or monies it owes to, any Person within the Serviced Group pursuant to and in accordance with the terms and conditions of this Agreement.
Appears in 4 contracts
Samples: Servicing Agreement (Willis Lease Finance Corp), Servicing Agreement (Willis Lease Finance Corp), Servicing Agreement (Willis Lease Finance Corp)
Rights of Setoff. To the extent permitted by Applicable Law, the Servicer hereby waives any right it may have under Applicable Law to exercise any rights of setoff it has under Applicable Law with respect to any assets it holds owned by, or money or monies it owes to, any Person within the Serviced AerCo Group pursuant to and in accordance with the terms and conditions of this Agreement; provided however that this Section 13.09 shall not affect any rights of setoff or other rights that the Servicer has or may have under the express terms and conditions of this Agreement.
Appears in 3 contracts
Samples: Servicing Agreement (Aerco LTD), Servicing Agreement (Aerco LTD), Servicing Agreement (Aerco LTD)
Rights of Setoff. To the extent permitted by Applicable Law, the Servicer hereby waives any right it may have under Applicable Law to exercise any rights of setoff with respect to any assets it holds owned by, or money or monies it owes to, WEST or any Person within the Serviced Group Subsidiary pursuant to and in accordance with the terms and conditions of this Agreement.
Appears in 2 contracts
Samples: Servicing Agreement (Willis Lease Finance Corp), Servicing Agreement (Willis Lease Finance Corp)
Rights of Setoff. To the extent permitted by Applicable Law, the Servicer hereby waives any right it may have under Applicable Law to exercise any rights of setoff it has under Applicable Law with respect to any assets it holds owned by, or money or monies it owes to, any Person within the Serviced AerCo Group pursuant to and in accordance with the terms and conditions of this Agreement; provided however that this Section 14.09 shall not affect any rights of setoff or other rights that the Servicer has or may have under the express terms and conditions of this Agreement.
Appears in 1 contract
Samples: Servicing Agreement (Aerco LTD)
Rights of Setoff. To the extent permitted by Applicable Law, the Servicer hereby waives any right it may have under Applicable Law to exercise any rights of setoff with respect to any assets it holds owned by, or money or monies it owes to, any Person within the Serviced Group pursuant to and in accordance with the terms and conditions of this Agreement. SECTION 13.11.
Appears in 1 contract
Samples: Execution Version Servicing Agreement (Willis Lease Finance Corp)
Rights of Setoff. To the extent permitted by Applicable Law, the Servicer hereby waives any right it may have under Applicable Law to exercise any rights of setoff it has under Applicable Law with respect to any assets it holds owned by, or money or monies it owes to, any Person within the Serviced MSAF Group pursuant to and in accordance with the terms and conditions of this 39 44 Agreement; provided, however, that this Section 13.10 shall not affect any rights of setoff or other rights that the Servicer has or may have under the express terms and conditions of this Agreement.
Appears in 1 contract
Samples: Servicing Agreement (Morgan Stanley Aircraft Finance)
Rights of Setoff. To the extent permitted by Applicable Law, the Servicer hereby waives any right it may have under Applicable Law to exercise any rights of setoff it has under Applicable Law with respect to any assets it holds owned by, or money or monies it owes to, any Person within the Serviced Group pursuant to and in accordance with the terms and conditions of this Agreement; provided, however, that this Section 13.10 shall not affect any rights of setoff or other rights that the Servicer has or may have under the express terms and conditions of this Agreement.
Appears in 1 contract
Samples: Servicing Agreement (Morgan Stanley Aircraft Finance)
