Examples of FAA Xxxx of Sale in a sentence
Owner shall have good title (subject to filing and recordation of the FAA Xxxx of Sale with the FAA) to the Aircraft, free and clear of all Liens, except Permitted Liens.
Collectively, the FAA Xxxx of Sale and the Warranty Xxxx of Sale.
On the Delivery Date, the FAA Xxxx of Sale shall have been duly filed for recordation (or shall be in the process of being so duly filed for recordation) with the FAA pursuant to the Transportation Code.
Upon the execution and delivery of the FAA Xxxx of Sale, the Lease, the Lease Supplement covering the Aircraft, the Trust Supplement and the Trust Indenture shall be filed for recording with the Federal Aviation Administration in the following order of priority; First, the FAA Xxxx of Sale, Second, the Lease, with the Lease Supplement covering the Aircraft, the Trust Indenture and the Trust Supplement attached, and Third, the Trust Indenture, with the Trust Supplement attached.
FAA Xxxx of Sale: a xxxx of sale for the Aircraft on AC Form 8050-2 (or such other form as may be approved by the FAA) delivered to Borrower on the Closing Date by Seller or pursuant to Section 4.5(c)(1)(bb) of the Mortgage.