Common use of Title; No Liens Clause in Contracts

Title; No Liens. Title to the Aircraft and all equipment subject to this Agreement is retained by Lessor at all times. Lessee may not pledge or encumber the Aircraft in any manner whatsoever, nor permit any liens, other than liens arising by operation of law or liens solely attributable to Lessor, to attach thereto, and Lessee shall promptly cause to be removed any such lien which may be placed on the Aircraft as a result of Lessee’s action or inaction hereunder. Except as set forth in the immediately subsequent paragraph (b), Lessor shall not permit any lien or encumbrance of any kind whatsoever to be created or exist upon the Aircraft if such lien or eucumbrance may or does interfere with Lessee’s quiet use and enjoyment of the Aircraft hereunder.

Appears in 5 contracts

Samples: Aircraft Lease Agreement (US BioEnergy CORP), Aircraft Lease Agreement (US BioEnergy CORP), Aircraft Lease Agreement (US BioEnergy CORP)

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