Common use of Waiver of Defenses to Repossession Clause in Contracts

Waiver of Defenses to Repossession. Neither Lessee, nor anyone claiming through or under it, shall set up, claim or seek to take advantage of any applicable law now or hereafter in force in any jurisdiction in which any Aircraft or any portion thereof may be situated in order to prevent, hinder or delay any effort in accordance with this Lease on the part of Lessor or the Security Trustee to regain possession of an Aircraft or re-export an Aircraft or any portion thereof from any jurisdiction in which such Aircraft or any portion thereof may be situated following the occurrence of a Lease Event of Default and while the same shall be continuing, and Lessee, for itself and all who may at any time claim through or under it, hereby waives, to the full extent that it may be lawful so to do, the benefit of all such applicable law (including, without limitation, any rights it may have, if any, to avail itself of the protection provided by the Convention of 1933 on the Unification of Certain Rules Relating to the Precautionary Arrest of Aircraft, or any other similar law, treaty or convention applicable to Lessee or any Aircraft which would limit the ability of Lessor or the Security Trustee to repossess or otherwise recover any Aircraft following the occurrence and during the continuance of a Lease Event of Default).

Waiver of Defenses to Repossession. Neither the Lessee, nor anyone claiming through or under it, shall set up, claim or seek to take advantage of any applicable law Applicable Law now or hereafter in force in any jurisdiction in which any the Aircraft or any portion thereof may be situated in order to prevent, hinder or delay any effort in accordance with this Lease on the part of the Lessor or the Security Loan Trustee to regain possession of an the Aircraft or re-export an the Aircraft or any portion thereof from any jurisdiction in which such the Aircraft or any portion thereof may be situated following upon the occurrence of a Lease Event of Default and while the same shall be continuing, and the Lessee, for itself and all who may at any time claim through or under it, hereby waives, to the full extent that it may be lawful so to do, the benefit of all such applicable law Applicable Laws (including, without limitation, any rights it may have, if any, to avail itself of the protection provided by the Convention of 1933 on the Unification of Certain Rules Relating to the Precautionary Arrest of Aircraft, or any other similar law, treaty or convention applicable to the Lessee or any Aircraft the Aircraft) which would limit the ability of the Lessor or the Security Loan Trustee to repossess or otherwise recover all or the Aircraft, any Aircraft following Engine or any Part upon the occurrence and during the continuance of a Lease Event of Default).

Waiver of Defenses to Repossession. Neither Lessee, nor anyone claiming through or under it, shall set up, claim or seek to take advantage of any applicable law now or hereafter in force in any jurisdiction in which any the Aircraft or any portion thereof may be situated in order to prevent, hinder or delay any effort in accordance with this Lease on the part of Lessor or the Security Trustee to regain possession of an the Aircraft or re-export an the Aircraft or any portion thereof from any jurisdiction in which such the Aircraft or any portion thereof may be situated following the occurrence of a Lease Event of Default and while the same shall be continuing, and Lessee, for itself and all who may at any time claim through or under it, hereby waives, to the full extent that it may be lawful so to do, the benefit of all such applicable law (including, without limitation, any rights it may have, if any, to avail itself of the protection provided by the Convention of 1933 on the Unification of Certain Rules Relating to the Precautionary Arrest of Aircraft, or any other similar law, treaty or convention applicable to Lessee or any the Aircraft which would limit the ability of Lessor or the Security Trustee to repossess or otherwise recover any the Aircraft following the occurrence and during the continuance of a Lease Event of Default).