Common use of Cape Town Convention Clause in Contracts

Cape Town Convention. 8.19.1 Prior to the Closing, Purchaser shall become a “transacting user entity,” and Seller shall become a “transacting user entity” with the International Registry. Each of Purchaser and Seller shall bear its own expense in doing so and such expenses shall not be considered Escrow Fees.

Appears in 6 contracts

Samples: Aircraft Purchase Agreement (Blade Air Mobility, Inc.), Aircraft Purchase Agreement (Blade Air Mobility, Inc.), Aircraft Purchase Agreement (Blade Air Mobility, Inc.)

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Cape Town Convention. 8.19.1 Prior to the Closing, Purchaser shall become a “transacting user entity,” and Seller Owner Trustee shall become a “transacting user entity” with the International Registry. Each of Purchaser and Seller shall bear its own expense in doing so and such expenses shall not be considered Escrow Fees.

Appears in 2 contracts

Samples: Aircraft Purchase Agreement (Blade Air Mobility, Inc.), Aircraft Purchase Agreement (Blade Air Mobility, Inc.)

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Cape Town Convention. 8.19.1 7.23.1 Prior to the Closingclosing, Purchaser shall become a “transacting user entity,” and Seller shall become a “transacting user entity” with the International Registry. Each of Purchaser and Seller shall bear its own expense in doing so and such expenses shall not be considered Escrow Feesso.

Appears in 1 contract

Samples: Aircraft Purchase Agreement (Tempus Applied Solutions Holdings, Inc.)

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