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.
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.
FAA-Filed Documents: the Mortgage, the Entry Point Filing Forms, the FAA Xxxx of Sale, and an application for registration of the Aircraft with the FAA in Borrower’s name.
Borrower shall have good and valid title (subject to filing of the FAA Xxxx of Sale with the FAA) to the Aircraft, free and clear of all Liens, except Permitted Liens.