Common use of TRUTH IN LEASING Clause in Contracts

TRUTH IN LEASING. 10.1 Truth-in-Leasing. THE AIRCRAFT SUBJECT TO THIS TIME SHARING AGREEMENT HAS BEEN MAINTAINED AND INSPECTED IN ACCORDANCE WITH PART 91 OF THE FEDERAL AVIATION REGULATIONS DURING THE TWELVE (12) MONTHS PRECEDING THE EFFECTIVE DATE HEREOF AND THE OWNER HERETO CERTIFY THAT FOR THE PURPOSES OF THE OPERATION TO BE CONDUCTED PURSUANT TO THIS AGREEMENT THE AIRCRAFT IS IN FULL COMPLIANCE WITH THE APPLICABLE MAINTENANCE AND INSPECTION REQUIREMENTS OF SAID PART 91. THE NAME AND ADDRESS OF THE PARTY RESPONSIBLE FOR THE OPERATIONAL CONTROL OF THE AIRCRAFT FOR THE TERM OF THIS AGREEMENT IS MOTOROLA, INC., 0000 XXXX XXXXXXXXX XXXX, XXXXXXXXXX, ILLINOIS 60196 AND SAID PARTY HEREBY CERTIFIES THAT IT UNDERSTANDS ITS RESPONSIBILITY TO COMPLY WITH APPLICABLE FEDERAL AVIATION REGULATIONS. AN EXPLANATION OF THE FACTORS BEARING ON OPERATIONAL CONTROL AND PERTINENT FEDERAL AVIATION REGULATIONS CAN BE OBTAINED FROM THE NEAREST FEDERAL AVIATION ADMINISTRATION FLIGHT STANDARDS DISTRICT OFFICE.

TRUTH IN LEASING. 10.1 Truth-in-Leasing. THE AIRCRAFT SUBJECT TO THIS TIME SHARING AGREEMENT HAS BEEN MAINTAINED LESSEE REPRESENTS AND INSPECTED IN ACCORDANCE WITH PART 91 OF WARRANTS THAT IT IS AN AIR CARRIER, CERTIFICATED UNDER THE FEDERAL AVIATION REGULATIONS DURING ACT OF 1958, AS AMENDED, AND THAT THIS LEASE, ANY LEASE SCHEDULE THERETO, AND ANY RENEWAL SCHEDULE THEREOF IS EXCEPTED FROM THE TWELVE (12) MONTHS PRECEDING THE EFFECTIVE DATE HEREOF AND THE OWNER HERETO CERTIFY THAT FOR THE PURPOSES OF THE OPERATION TO BE CONDUCTED PURSUANT TO THIS AGREEMENT THE AIRCRAFT IS IN FULL COMPLIANCE WITH THE APPLICABLE MAINTENANCE AND INSPECTION REQUIREMENTS OF SAID PART 91FAA TRUTH-IN-LEASING REQUIREMENTS. THE NAME LESSEE CERTIFIES THAT THE LESSEE, AND ADDRESS OF NOT THE PARTY LESSOR, IS RESPONSIBLE FOR THE OPERATIONAL CONTROL OF THE AIRCRAFT FOR UNDER THIS LEASE DURING THE TERM OF THIS AGREEMENT IS MOTOROLA, INC., 0000 XXXX XXXXXXXXX XXXX, XXXXXXXXXX, ILLINOIS 60196 AND SAID PARTY HEREBY HEREOF. THE LESSEE FURTHER CERTIFIES THAT IT THE LESSEE UNDERSTANDS ITS RESPONSIBILITY TO COMPLY RESPONSIBILITIES FOR COMPLIANCE WITH APPLICABLE FEDERAL AVIATION REGULATIONS. THE LESSEE FURTHER CERTIFIES THAT THE AIRCRAFT WILL BE MAINTAINED AND INSPECTED UNDER PART 121 OF THE FEDERAL AVIATION REGULATIONS FOR OPERATIONS TO BE CONDUCTED UNDER THIS LEASE. THE LESSEE UNDERSTANDS THAT AN EXPLANATION OF THE FACTORS BEARING ON OPERATIONAL CONTROL AND PERTINENT FEDERAL AVIATION FAA REGULATIONS CAN BE OBTAINED FROM THE NEAREST FEDERAL AVIATION ADMINISTRATION FAA FLIGHT STANDARDS DISTRICT OFFICE.

TRUTH IN LEASING. 10.1 Truth-in-Leasing. THE AIRCRAFT SUBJECT TO THIS TIME SHARING AGREEMENT HAS BEEN WILL BE MAINTAINED AND INSPECTED IN ACCORDANCE WITH PART 91 OF THE FEDERAL AVIATION REGULATIONS DURING THE TWELVE (12) MONTHS PRECEDING THE EFFECTIVE DATE HEREOF AND THE OWNER OPERATOR HERETO CERTIFY CERTIFIES THAT FOR THE PURPOSES OF THE OPERATION TO BE CONDUCTED PURSUANT TO THIS AGREEMENT THE AIRCRAFT IS IN FULL COMPLIANCE WITH THE APPLICABLE MAINTENANCE AND INSPECTION REQUIREMENTS OF SAID PART 91. THE NAME AND ADDRESS OF THE PARTY RESPONSIBLE FOR THE OPERATIONAL CONTROL OF THE AIRCRAFT FOR THE TERM OF THIS AGREEMENT IS MOTOROLAMOTOROLA SOLUTIONS, INC., 0000 XXXX XXXXXXXXX XXXX, XXXXXXXXXX, ILLINOIS 60196 XXXXXXXX 00000 AND SAID PARTY HEREBY CERTIFIES THAT IT UNDERSTANDS ITS RESPONSIBILITY TO COMPLY WITH APPLICABLE FEDERAL AVIATION REGULATIONS. AN EXPLANATION OF THE FACTORS BEARING ON OPERATIONAL CONTROL AND PERTINENT FEDERAL AVIATION REGULATIONS REGUILATIONS CAN BE OBTAINED FROM THE NEAREST FEDERAL AVIATION ADMINISTRATION FLIGHT STANDARDS DISTRICT OFFICE.

TRUTH IN LEASING. 10.1 Truth-in-Leasing. THE AIRCRAFT SUBJECT TO THIS TIME SHARING AGREEMENT HAS BEEN MAINTAINED AND INSPECTED IN ACCORDANCE WITH PART 91 OF THE FEDERAL AVIATION REGULATIONS DURING THE TWELVE (12) MONTHS IMMEDIATELY PRECEDING THE EFFECTIVE DATE HEREOF EXECUTION OF THIS LEASE, EACH AIRCRAFT HAS BEEN MAINTAINED AND INSPECTED UNDER PART 135 OF THE OWNER HERETO CERTIFY THAT FEDERAL AVIATION REGULATIONS. LESSEE CERTIFIES THAT, DURING THE TERM AS APPLICABLE TO ITS USE OR HANGARING OF EACH AIRCRAFT, EACH AIRCRAFT WILL BE MAINTAINED AND INSPECTED UNDER PART 91 AND/OR PART 135 OF THE FEDERAL AVIATION REGULATIONS. FOR THE PURPOSES DURATION OF THE OPERATION THIS LEASE AS APPLICABLE TO LESSEE’S USE OR HANGARING OF EACH AIRCRAFT, LESSEE SHALL BE CONDUCTED PURSUANT TO THIS AGREEMENT THE AIRCRAFT IS IN FULL COMPLIANCE WITH THE APPLICABLE MAINTENANCE AND INSPECTION REQUIREMENTS OF SAID PART 91. THE NAME AND ADDRESS OF THE PARTY CONSIDERED RESPONSIBLE FOR THE OPERATIONAL CONTROL OF THE AIRCRAFT FOR THE TERM OF UNDER THIS AGREEMENT IS MOTOROLALEASE, INC., 0000 XXXX XXXXXXXXX XXXX, XXXXXXXXXX, ILLINOIS 60196 AND SAID PARTY HEREBY LESSEE CERTIFIES THAT IT UNDERSTANDS ITS RESPONSIBILITY TO COMPLY RESPONSIBILITIES FOR COMPLIANCE WITH APPLICABLE FEDERAL AVIATION REGULATIONS. AN EXPLANATION OF THE FACTORS BEARING ON OPERATIONAL CONTROL AND PERTINENT FEDERAL AVIATION REGULATIONS CAN BE OBTAINED FROM THE NEAREST FEDERAL AVIATION ADMINISTRATION FAA FLIGHT STANDARDS DISTRICT OFFICE, GENERAL AVIATION DISTRICT OFFICE OR AIR CARRIER DJSTRICT OFFICE.