Common use of SALE AND LEASEBACK BY LESSOR Clause in Contracts

SALE AND LEASEBACK BY LESSOR. In addition to the Transfers and grants of security interests permitted by Clauses 14.2 and 14.3, Lessor shall be entitled to transfer its right, title and interests in and to the Aircraft to any person and lease the Aircraft from such person (a "HEAD LESSOR"), and in such event Lessor shall retain its rights and obligations as the "Lessor" under this Agreement. In the event of such a sale and lease-back by Lessor, (a) the Head Lessor shall meet the requirements for a "Transferee" as defined in Clause 14.2(a)(ii) above, (b) the Lessor shall be entitled to assign its rights in this Agreement to such Head Lessor as security for its obligations under the head lease, (c) the Head Lessor shall be entitled to grant to one or more purchase money lenders, or to an indenture trustee on behalf of such lenders, an Additional Mortgage covering the Aircraft and this Agreement, (d) Lessee shall execute and deliver to Lessor, such Head Lessor, such Additional Mortgagee and any trustees on their behalf, as appropriate, the documents specified in Clauses 14.2(c)(i) through (vii) and Clauses 14.3(b)(i) through (vii) above, and Lessee shall cooperate with Lessor to make such other changes to this Lease, such as including such Head Lessor, such Additional Mortgagee and the trustees on their behalf as additional insureds and "Indemnitees", as Lessor may reasonably request so long as such changes do not adversely affect the rights or obligations of Lessee under this Lease or otherwise adversely affect Lessee and with Lessor paying all of Lessee's out-of-pocket costs and expenses.

SALE AND LEASEBACK BY LESSOR. In addition to the Transfers and grants of security interests permitted by Clauses 14.2 and 14.3, Lessor shall be entitled to transfer its right, title and interests in and to the Aircraft to any person and lease the Aircraft from such person (a "HEAD LESSOR"), and in such event Lessor shall retain its rights and obligations as the "Lessor" under this Agreement. In the event of such a sale and lease-back by Lessor, (a) the Head Lessor shall meet the requirements for a "Transferee" as defined in Clause 14.2(a)(ii) above, (b) the Lessor shall be entitled to assign its rights in this Agreement to such Head Lessor as security for its obligations under the head lease, (c) the Head Lessor shall be entitled to grant to one or more purchase money lenders, or to an indenture trustee on behalf of such lenders, an Additional Mortgage covering the Aircraft and this Agreement, (d) Lessee shall execute and deliver to Lessor, such Head Lessor, such Additional Mortgagee and any trustees on their behalf, as appropriate, the documents specified in Clauses 14.2(c)(i) through (vii) and Clauses 14.3(b)(i14.3(a) through (viig) above, and Lessee shall cooperate with Lessor to make such other changes to this Lease, such as including such Head Lessor, such Additional Mortgagee and the trustees on their behalf as additional insureds and "Indemnitees", as Lessor may reasonably request so long as such changes do not adversely affect the rights or obligations of Lessee under this Lease or otherwise adversely affect Lessee and with Lessor paying all of Lessee's out-of-pocket of costs and expenses.

SALE AND LEASEBACK BY LESSOR. In addition to the Transfers and grants of security interests Security Interests permitted by Clauses Sections 14.2 and 14.3, Lessor shall be entitled to transfer its right, title and interests in and to the Aircraft to any person Person and lease the Aircraft from such person Person (a "HEAD LESSOR"the “Head Lessor”), and in such event Lessor shall retain its rights and obligations as the "“Lessor" ” under this Agreement. In the event of such a sale and lease-back by Lessor, (a) the Head Lessor shall meet the requirements for a "“Transferee" ” as defined in Clause 14.2(a)(iiSection 14.2(a)(i) above, (b) the Lessor shall be entitled to assign its rights in this Agreement to such Head Lessor as security for its obligations under the head lease, (c) the Head Lessor shall be entitled to grant to one or more purchase money lenders, or to an indenture trustee on behalf of such lenders, an Additional Mortgage a Security Interest covering the Aircraft and this Agreementthe Operative Documents, (d) Lessee shall execute and deliver to Lessor, such Head Lessor, Lessor and such Additional Mortgagee and any trustees on their behalfsecured parties, as appropriate, the documents specified in Clauses 14.2(c)(i) through (viiSections 14.2(c) and Clauses 14.3(b)(i) through (vii14.3(b) above, and Lessee shall cooperate with Lessor to make such other changes to this LeaseAgreement, such as including such Head Lessor, Lessor and such Additional Mortgagee and the trustees on their behalf secured parties as additional insureds and "“Indemnitees"”, as Lessor may reasonably request so long as such changes do not adversely affect the rights or obligations of Lessee under this Lease Agreement or otherwise adversely affect Lessee and with Lessor paying all of Lessee's ’s reasonable out-of-pocket costs and expenses.

SALE AND LEASEBACK BY LESSOR. In addition to the Transfers and grants of security interests Security Interests permitted by Clauses 14.2 and 14.3, Lessor shall be entitled to transfer its right, title and interests in and to the Aircraft to any person Person and lease the Aircraft from such person Person (a "HEAD LESSORHead Lessor"), and in such event Lessor shall retain its rights and obligations as the "Lessor" under this Agreement. In the event of such a sale and lease-back by Lessor, (a) the Head Lessor shall meet the requirements for a "Transferee" as defined in Clause 14.2(a)(ii) above, (b) the Lessor shall be entitled to assign its rights in this Agreement to such Head Lessor as security for its obligations under the head leaselease from the Head Lessor (the "Head Lease"), (cb) the Head Lessor shall be entitled to grant to one or more purchase money lenders, or to an indenture trustee on behalf of such lenders, an Additional a Mortgage covering the Aircraft and this Agreement, (dc) at the sole cost and expense of Lessor, Lessee shall execute and deliver to Lessor, such Head Lessor, Lessor and such Additional Mortgagee and any trustees on their behalfMortgagee, as appropriate, the documents specified in Clauses 14.2(c)(i) through (viivi) and Clauses 14.3(b)(i14.3(a) through (viif) above, and Lessee shall cooperate with Lessor to make such other changes to this LeaseAgreement, such as including such Head Lessor, Lessor and such Additional Mortgagee and the trustees on their behalf as additional insureds and "Indemnitees", as Lessor may reasonably request so long as such changes do not adversely affect the rights or obligations of Lessee under this Lease Agreement or otherwise adversely affect Lessee and with Lessor paying all of Lessee's out-of-pocket costs and expenses.

SALE AND LEASEBACK BY LESSOR. In addition to the Transfers and grants of security interests permitted by Clauses 14.2 and 14.3, Lessor shall be entitled to transfer its right, title and interests in and to the Aircraft to any person and lease the Aircraft from such person (a "HEAD LESSOR"), and in such event -70- Lessor shall retain its rights and obligations as the "Lessor" under this Agreement. In the event of such a sale and lease-back by Lessor, (a) the Head Lessor shall meet the requirements for a "Transferee" as defined in Clause 14.2(a)(ii) above, (b) the Lessor shall be entitled to assign its rights in this Agreement to such Head Lessor as security for its obligations under the head lease, (c) the Head Lessor shall be entitled to grant to one or more purchase money lenders, or to an indenture trustee on behalf of such lenders, an Additional Mortgage covering the Aircraft and this Agreement, (d) Lessee shall execute and deliver to Lessor, such Head Lessor, such Additional Mortgagee and any trustees on their behalf, as appropriate, the documents specified in Clauses 14.2(c)(i) through (vii) and Clauses 14.3(b)(i14.3 (a) through (viig) above, and Lessee shall cooperate with Lessor to make such other changes to this Lease, such as including such Head Lessor, such Additional Mortgagee and the trustees on their behalf as additional insureds and "Indemnitees", as Lessor may reasonably request so long as such changes do not adversely affect the rights or obligations of Lessee under this Lease or otherwise adversely affect Lessee and with Lessor paying all of Lessee's out-of-pocket costs and expenses.