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h a 'Party". WHEREAS, Seller is the owner of the legal and beneficial title to the Aircraft (as defined below); and WHEREAS, Seller desires to sell the Aircraft to Buyer, and Buyer desires to purchase the Aircraft from Seller, pursuant to the terms and conditions set forth in this Agreement, Now, therefore, in consi
hich termination shall in no event be effective until the requirements of this Section 30(g) have been satisfied), the Escrow Agent shall not return the Deposit to Buyer unless and until the Escrow Agent has searched the International Registry and determined that no interest has been filed or registered by Buyer or
ch a Party". WHEREAS, Seller is the owner of the legal and beneficial title to the Aircraft (as defined below); and WHEREAS, Seller desires to sell the Aircraft to Buyer, and Buyer desires to purchase the Aircraft from Seller, pursuant to the terms and conditions set forth in this Agreement, Now, therefore, in consi
hich termination shall in no event be effective until the requirements of this Section 30(g) have been satisfied), the Escrow Agent shall not return the Deposit to Buyer unless and until the Escrow Agent has searched the International Registry and determined that no interest has been filed or registered by Buyer or
complied with by Seller, on or prior to the time of the Closing, 5.3 Conditions to Seller's Obligation to Sell. The obligation of Seller to sell the Aircraft to Buyer is subject to the satisfaction by Buyer or, if applicable, the waiver by Seller of each of the following conditions on or prior to the Closing Date:
ller may, at its option, terminate this Agreement by written notice to Buyer and Escrow Agent. Upon any such termination, Escrow Agent shall release the Deposit to Buyer (less Buyer's one-half share of any applicable escrow fees and expenses), and Buyer shall pay any outstanding amounts due to the Inspection Facilit
ler shall have delivered to the FAA Counsel, in escrow: (A) an executed undated FAA Form 8050-2, "Aircraft Bill of Sale", transferring ownership of the Aircraft to Buyer; (B) an Aircraft Limited Warranty Bill of Sale executed by Seller but undated; (C) releases of any liens and encumbrances created by Seller or any
that it has failed to satisfy Seller's internal "know your customer" and other disclosure requirements, Seller shall instruct Escrow Agent to return the Deposit to Buyer. In that event, (i) the Escrow Agent shall immediately, and without regard to any notices from or demands or consents by Seller or any other person
ler shall have delivered to the FAA Counsel, in escrow: (A) an executed undated FAA Form 8050-2, "Aircraft Bill of Sale", transferring ownership of the Aircraft to Buyer; (B) an Aircraft Limited Warranty Bill of Sale executed by Seller but undated; (C) releases of any liens and encumbrances created by Seller or any
that it has failed to satisfy Seller's internal "know your customer" and other disclosure requirements, Seller shall instruct Escrow Agent to return the Deposit to Buyer. In that event, (i) the Escrow Agent shall immediately, and without regard to any notices from or demands or consents by Seller or any other person
Entities connected to both the Aircraft to Buyer and the Deposit to Buyer
the State of New York
LOCATIONInsured Aircraft Title Service
ORGANIZATIONHERETO
ORGANIZATION
Oklahoma
LOCATIONthe Specially Designated Nationals and Blocked Person List
ORGANIZATIONConvention
ORGANIZATION
Cape Town
LOCATION
the Office of Foreign Assets Control
ORGANIZATIONthe Closing, Buyer
ORGANIZATIONInternational Registry Regulations
ORGANIZATIONAny Priority Search Certificate
ORGANIZATIONthe International Registry Procedures
ORGANIZATION
Glenn Dubin
PERSONthe Inspection Facility's
ORGANIZATION
George W. Bush
PERSONCape Town Convention
LOCATION
Oklahoma City
LOCATIONthe Inspection, Buyer
ORGANIZATIONMERCHANTABILITY
ORGANIZATIONHoneywell MSP
ORGANIZATION