Existing Lessor definition

Existing Lessor means Corcim, Inc., a Delaware corporation.

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Existing Lessor means, as provided in the table set forth in Exhibit B, in relation to Aircraft 1 and related Lease, Seller 1 and in relation to Aircraft 2 and related Lease, Seller 2.

Existing Lessor has the meaning ascribed thereto in the definition of “Assignment of Lease” herein.

Examples of Existing Lessor in a sentence

• New Lessor and Existing Lessor hereby notify Lessee that at the Effective Time ownership in the Aircraft has been transferred to New Lessor.

• Lessee, Existing Lessor and New Lessor confirm that the representations and warranties made by it in the Agreement are true and correct at the Effective Time.

• Neither any Seller nor Existing Lessor nor their respective properties or assets is entitled to sovereign immunity under any such Laws.

• There are no suits, arbitrations or other proceedings pending or threatened against Each Seller and Existing Lessor before any court or administrative agency against or affecting Seller which, if adversely determined, would have a material adverse effect on the business, assets or condition (financial or otherwise) of Seller or its ability to perform under the Sale Documents to which it is a party.

• Each Seller and Existing Lessor is a company duly organized or incorporated (as applicable), validly existing under the Laws of its jurisdiction of incorporation and each has the power and authority to carry on its business as presently conducted and to perform its obligations under the Sale Documents to which it is a party.

More Definitions of Existing Lessor

Existing Lessor means, in respect of an Asset, the party set out in the column titled “Existing Lessor” in Schedule 1.

Existing Lessor means the lessor under the Existing Superior Lease at the time in question.

Existing Lessor means the existing lessor that is party to an Assignment of Lease or a Lease Novation, as applicable.

Existing Lessor shall have the meaning provided for such term in the first paragraph of this Agreement.

Existing Lessor means BNP Paribas Leasing Corporation, a Delaware corporation.

Existing Lessor means the Seller;

Existing Lessor shall have the meaning given to such term in the Assignment and Recharacterization Agreement.