Common use of Sale, Lease and Acceptance Clause in Contracts

Sale, Lease and Acceptance. (a) Lessor, subject to satisfaction or waiver of the conditions set forth in Section 5 of the Participation Agreement and the concurrent acceptance hereunder by Lessee of the Aircraft, hereby agrees, to the extent that the funds received by it pursuant to Section 2 of the Participation Agreement are adequate for the purpose, to purchase at a purchase price equal to Lessor's Cost and to accept delivery on the Delivery Date from Lessee hereunder and to lease back to Lessee hereunder, and Lessee hereby agrees, expressly for the direct benefit of Lessor and Owner Participant to sell to Lessor and to lease back from Lessor hereunder on the Delivery Date, the Aircraft, which shall have been accepted by Lessor and Lessee hereunder as evidenced by the execution by Lessor and Lessee of the Lease Supplement conveying to Lessor and leasing to Lessee the Aircraft hereunder; provided, however, that Lessor and Lessee shall have no further obligation hereunder with respect to the Aircraft if the Delivery Date shall not have occurred on or before September 28, 1990. The purchase price of the Aircraft shall be paid by Lessor to Lessee on the Delivery Date in the manner specified in Section 3 of the Participation Agreement.

Sale, Lease and Acceptance. (a) Lessor, subject to satisfaction or waiver of the conditions set forth in Section 5 4 of the Participation Agreement and the concurrent acceptance hereunder by Lessee of the Aircraft, hereby agrees, to the extent that the funds received by it pursuant to Section 2 of the Participation Agreement are adequate for the purpose, to purchase at a purchase price equal to Lessor's Cost and to accept delivery on the Delivery Date from Lessee hereunder and to lease back (immediately after extension of the Lien of the Trust Indenture to the Aircraft) to Lessee hereunder, and Lessee hereby agrees, expressly for the direct benefit of Lessor and Owner Participant agrees to sell to Lessor and to lease back (immediately after extension of the Lien of the Trust Indenture to the Aircraft) from Lessor hereunder on the Delivery Date, the Aircraft, which shall have been accepted by Lessor and Lessee hereunder as evidenced by the execution by Lessor and Lessee of the Lease Supplement conveying to Lessor and leasing to Lessee the Aircraft hereunder; provided, however, that Lessor and Lessee shall have no further obligation hereunder with respect to the Aircraft if the Delivery Date shall not have occurred on or before September 2830, 19901995. The purchase price of the Aircraft shall be paid by Lessor to Lessee on the Delivery Date in the manner specified in Section 3 2 of the Participation Agreement.

Sale, Lease and Acceptance. (a) Lessor, subject to satisfaction or waiver of the conditions set forth in Section 5 4 of the Participation Agreement and the concurrent acceptance hereunder by Lessee of the Aircraft, hereby agrees, to the extent that the funds received by it pursuant to Section 2 of the Participation Agreement are adequate for the purpose, to purchase at a purchase price equal to Lessor's Cost and to accept delivery on the Delivery Date from Lessee hereunder and to lease back (immediately after extension of the Lien of the Trust Indenture to the Aircraft) to Lessee hereunder, and Lessee hereby agrees, expressly for the direct benefit of Lessor and Owner Participant agrees to sell to Lessor and to lease back (immediately after extension of the Lien of the Trust Indenture to the Aircraft) from Lessor hereunder on the Delivery Date, the Aircraft, which shall have been accepted by Lessor and Lessee hereunder as evidenced by the execution by Lessor and Lessee of the Lease Supplement conveying to Lessor and leasing to Lessee the Aircraft hereunder; provided, however, that Lessor and Lessee shall have no further obligation hereunder with respect to the Aircraft if the Delivery Date shall not have occurred on or before September 28April 30, 19901995. The purchase price of the Aircraft shall be paid by Lessor to Lessee on the Delivery Date in the manner specified in Section 3 2 of the Participation Agreement.

Sale, Lease and Acceptance. (a) Lessor, subject to satisfaction or waiver of the conditions set forth in Section 5 4 of the Participation Agreement and the concurrent acceptance hereunder by Lessee of the Aircraft, hereby agrees, to the extent that the funds received by it pursuant to Section 2 of the Participation Agreement are adequate for the purpose, to purchase at a purchase price equal to Lessor's Cost and to accept delivery on the Delivery Date from Lessee hereunder and to lease back (immediately after extension of the Lien of the Trust Indenture to the Aircraft) to Lessee hereunder, and Lessee hereby agrees, expressly for the direct benefit of Lessor and Owner Participant agrees to sell to Lessor and to lease back (immediately after extension of the Lien of the Trust Indenture to the Aircraft) from Lessor hereunder on the Delivery Date, the Aircraft, which shall have been accepted by Lessor and Lessee hereunder as evidenced by the execution by Lessor and Lessee of the Lease Supplement conveying to Lessor and leasing to Lessee the Aircraft hereunder; provided, however, that Lessor and Lessee shall have no further obligation hereunder with respect to the Aircraft if the Delivery Date shall not have occurred on or before September 2830, 19901996. The purchase price of the Aircraft shall be paid by Lessor to Lessee on the Delivery Date in the manner specified in Section 3 2 of the Participation Agreement.

Sale, Lease and Acceptance. (a) Lessor, subject to satisfaction or waiver of the conditions set forth in Section 5 4 of the Participation Agreement and the concurrent acceptance hereunder by Lessee of the Aircraft, hereby agrees, to the extent that the funds received by it pursuant to Section 2 of the Participation Agreement are adequate for the purpose, to purchase at a purchase price equal to Lessor's Cost and to accept delivery on the Delivery Date from Lessee hereunder and to lease back (immediately after extension of the Lien of the Trust Indenture to the Aircraft) to Lessee hereunder, and Lessee hereby agrees, expressly for the direct benefit of Lessor and Owner Participant agrees to sell to Lessor and to lease back (immediately after extension of the Lien of the Trust Indenture to the Aircraft) from Lessor hereunder on the Delivery Date, the Aircraft, which shall have been accepted by Lessor and Lessee hereunder as evidenced by the execution by Lessor and Lessee of the Lease Supplement conveying to Lessor and leasing to Lessee the Aircraft hereunder; provided, SALE AND LEASE AGREEMENT [N602SW] -12- 19 however, that Lessor and Lessee shall have no further obligation hereunder with respect to the Aircraft if the Delivery Date shall not have occurred on or before September 2830, 19901995. The purchase price of the Aircraft shall be paid by Lessor to Lessee on the Delivery Date in the manner specified in Section 3 2 of the Participation Agreement.