Validity of Terms. If any term or provision of this Agreement shall be held void, illegal, unenforceable or in conflict with any federal, state or local law applicable to this Agreement, the validity of the remaining portions or provisions of this Agreement shall not be affected thereby.
Validity of Terms. This Agreement shall be effective from 2017 and be valid for a period of one year and unless terminated earlier in accordance with the terms specified hereunder.
Validity of Terms. If any clause, provision or paragraph of this Settlement Agreement is deemed illegal, invalid, or unenforceable, such illegality, invalidity, or unenforceability shall not affect the remaining clauses, provisions, or paragraphs of this Settlement Agreement, and this Settlement Agreement shall be construed and enforced as if such illegality, invalidity, or unenforceability had not been included herein.
Validity of Terms. If any provision of these terms is found to be invalid by any court having competent jurisdiction, the invalidity of that provision will not affect the validity of the remaining provisions of these terms, which shall remain in full force and effect.
Validity of Terms. All restrictions contained in this Agreement shall survive the termination of this Agreement and shall remain in effect until the time specified in the restrictions.
Validity of Terms. 15.1 In case there is any inconsistency or conflict between the terms hereof and the Purchase Option Agreement, the terms hereof shall prevail.
Validity of Terms. The terms set out in this Letter of Intent are valid for acceptance until 5pm Beijing time, on 15 April 2022. Execution For and on behalf of [●], as Buyer _________________________ Name: Title: Date: To indicate Seller's agreement to the terms of this Letter of Intent, we have signed our names below. For and on behalf of MINSHENG XIANGSHENG (TIANJIN) AVIATION LEASING CO., LTD., as Seller _________________________ Name: Title: Date: Appendix A – Delivery Condition The Aircraft and Aircraft Documentation shall be delivered in an “as is, where is” condition with all faults, and: in airworthy condition; deregistered from the China civil aviation authority (the “CAAC”), with an Export Certificate of Airworthiness from CAAC; current on the manufacturer’s recommended maintenance program CAMP, and with all calendar and hourly inspections current through the Delivery Date; with all CAAC Airworthiness Directives and manufacturer’s mandatory Service Bulletins applicable to the Aircraft complied with through the Delivery Date, with no deferments or extensions; exported from the Chinese customs territory and any other customs territories in which it was imported; with no parts or components installed on a temporary, loan, rental, or exchange basis; and with engines enrolled and current on PW ESP program, APU enrolled and current on Honeywell MSP program, in each case fully paid up to the Delivery Date and transferrable to the Buyer. Appendix B – Pre-Purchase Inspection Arrangements Buyer (and its representative and nominees) may, at its cost, inspect the Aircraft and its Aircraft Documentation (the “Pre-Purchase Inspection”) at Paris-Le Bourget, France (the “Inspection Facility”), together with a test flight, which shall be conducted under Seller’s operational control and shall be of no more than two (2) hours total duration (the “Test Flight”). Buyer may have up to two (2) representatives onboard the Test Flight. The Pre-Purchase Inspection shall be scheduled to begin within five (5) Business Days of Seller’s receipt of Confirmation Notice or as soon as the Inspection Facility may be able to accommodate. The Pre-Purchase Inspection shall include (i) Level 1; (ii) Aircraft Documentation review; (iii) systems checks; and (iv) Engines & APU borescope. 1 Insert name and address of Buyer. 2 Insert purchase price.
Validity of Terms. The terms set out in this Letter of Intent are valid for acceptance until 5pm Beijing time, on 30 April 2022. Execution For and on behalf of [●], as Buyer _________________________ Name: Title: Date: To indicate Seller's agreement to the terms of this Letter of Intent, we have signed our names below. For and on behalf of MINSHENG FINANCIAL LEASING CO., LTD., as Seller _________________________ Name: Title: Date: Appendix A – Delivery Condition The Aircraft and Aircraft Documentation shall be delivered in an “as is, where is” condition with all faults. Appendix B – Pre-Purchase Inspection Arrangements The Pre-Purchase Inspection shall include visual inspection of the Aircraft and review of Aircraft Documentation. The Pre-purchase Inspection shall be undertaken in Beijing. 1 Insert name and address of Buyer.
Validity of Terms. If any part of this Agreement is declared invalid for any reason, this ruling shall not affect the validity of the rest of the Agreement. The other parts of the Agreement shall remain in effect as if the Agreement had been executed without the invalid part. The Parties hereby declare that they intend and desire that the remaining parts of the Agreement to continue to be effective without any part or parts that have been declared invalid.
Validity of Terms. The obligations of the borrower and each guarantor under the financing documents to which they are a party are legal, valid and binding on them.
