Sublessor Lien definition
Sublessor Lien means (i) any Lien (other than a Facility Lien, a Lien created by the Head Lessor or Owner or the Lien on the Airframe or any Engine arising under the relevant Head Lease) created by Sublessor or resulting from the affirmative act of the Sublessor that is not related to or expressly permitted by the Sublease or consented to by Sublessee, (ii) any Lien resulting from claims against Sublessor not related to transactions contemplated by this Sublease, and (iii) any Lien resulting from Taxes imposed against an Indemnitee which are not indemnified against by Sublessee; but does not include any Lien resulting from Sublessor's exercise of remedies pursuant to Section 14 while an Event of Default has occurred and is continuing.
Sublessor Lien means any Lien on or against any or all of the Equipment, the Sublease or any payment of Rent which results from (a) any act of, or any Claim against, Sublessor, in any case unrelated to the transactions contemplated by the Operative Documents or (b) any Tax owed by any such Person, except for any Tax required to be paid by Sublessee under the Operative Documents, including any Tax for which Sublessee is obligated to indemnify such Person.
Sublessor Lien means any Lien on the Aircraft, any Engine or any Part or on the Sublease or any interest therein:
Examples of Sublessor Lien in a sentence
Sublessor shall have delivered a certificate from an officer of Sublessor stating that there is no Sublessor Lien or, to Sublessor's knowledge, Head Lessor Lien on the Aircraft other than any Permitted Sublessor/Head Lessor Liens.
Sublessor covenants that it will not directly or indirectly create, incur, assume or suffer to exist any Sublessor Lien on or with respect to the Airframe or any Engine.
More Definitions of Sublessor Lien
Sublessor Lien means any Lien arising as a result of (i) claims against Sublessor or Lessor not related to the transactions contemplated by this Sublease, (ii) Taxes imposed against Sublessor or Lessor that are not indemnified against by Sublessee pursuant to Section 12(b), (iii) the Lease, (iv) the Mortgage or (v) claims against Sublessor or Lessor arising out of the transfer by either of them of all or any part of its interest in the Aircraft other than by reason of the occurrence of an Event of Loss or following an Event of Default.