FSBU definition
Examples of FSBU in a sentence
FSBU warrants that the Aircraft shall be free of liens attributable to FSBU in its individual capacity which do not arise from its actions as lessor under this Agreement and that it shall be personally liable to Lessee for any Claim against Lessee in respect of any statements, representations, warranties, agreements or obligations contained herein which are expressly made in its individual capacity.
Neither the execution and delivery by Lessor of this Agreement or any other document delivered by it in connection herewith nor the consummation of any of the transactions contemplated thereby requires the consent or approval of, the giving of notice to, or the registration with, any Utah state governmental authority or agency or any United States federal governmental authority or agency governing the banking or trust powers of FSBU.
FSBU is a "citizen of the United States" as ----------- defined in Aviation Law, and Lessor hereby agrees, promptly upon an officer in its Corporate Trust Department obtaining actual knowledge of its failure to maintain its status as a citizen of the United States, to give notice to the Lessee and to resign as owner trustee promptly upon its ceasing to be a citizen of the United States.
There are no Liens on the Aircraft attributable to FSBU and FSBU agrees that it will, in its individual capacity and at its own cost and expense, promptly take such action as may be necessary to duly discharge and satisfy in full any such Liens.
Neither the execution and delivery by ------------------------ Lessor of this Agreement or any other document delivered by it in connection herewith nor the consummation of any of the transactions contemplated thereby requires the consent or approval of, the giving of notice to, or the registration with, any Utah state governmental authority or agency or any United States federal governmental authority or agency governing the banking or trust powers of FSBU.
FSBU is a "citizen of the United States" as defined in Aviation Law, and Lessor hereby agrees, promptly upon an officer in its Corporate Trust Department obtaining actual knowledge of its failure to maintain its status as a citizen of the United States, to give notice to the Lessee and to resign as owner trustee promptly upon its ceasing to be a citizen of the United States.
There are no Liens on the Aircraft ----------------------- attributable to FSBU and FSBU agrees that it will, in its individual capacity and at its own cost and expense, promptly take such action as may be necessary to duly discharge and satisfy in full any such Liens.