Title to the Aircraft during Term Sample Clauses

Title to the Aircraft during Term. Title to the Aircraft will be and remain vested in Lessor. Lessee will have no right, title or interest in the Aircraft except to the extent provided in this Agreement. Lessor and Xxxxxx acknowledge and agree that this Agreement transfers to Lessee, with respect to the Aircraft, a leasehold interest only and that Lessor is the owner and lessor of the Aircraft subject to the rights and interests of any Lender under any Mortgage, and Lessee is the lessee of the Aircraft. Lessee shall, on all occasions when the ownership of the Aircraft, the Airframe or any Engine or Part is relevant, make clear to third parties that title is held by Xxxxxx (subject to the rights and interests of any Lender as mortgagee of the Aircraft, if Xxxxxx has been informed thereof). Xxxxxx further undertakes to inform any third party attempting to seize or arrest the Aircraft that Xxxxxx does not have any ownership interest in or title to the Aircraft. Lessee will not claim to have any legal or beneficial ownership interest in the Aircraft, attempt to sell or otherwise dispose of such interest, or make any demands against Lessor (other than in respect of Xxxxxx’s interest conferred by this Agreement), or take any action or omit to take any action which may prejudice the rights and interests of Lessor or any Lender in or to the Aircraft or under any Lessee Document.
Sample 1
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Related to Title to the Aircraft during Term

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