and to terminate this Agreement
with respect to the 5307 Aircraft. In addition, and notwithstanding anything to
the contrary set forth in this Agreement or otherwise, upon the occurrence of
any Event of Default (as such term is defined in the 5307 Aircraft Lease and the
5307 Aircraft Sublease), this Agreement shall automatically and immediately
terminate with respect to the 5307 Aircraft.
Anadarko Aircraft Time Sharing Agreement - James T. Hackett
Page 10
Without limiting the generality of any terms or provisions of this Agreement or
otherwise, Passenger hereby acknowledges and consents to the assignment by
Operator of Operator's right, title and interest in and to this Agreement (i) as
it relates to the 5169 Aircraft to Bank of America and its successors and
assigns, (ii) as it relates to the 680-0024 Aircraft to Banc of America Leasing
and its successors and assigns and (iii) as it relates to the 5307 Aircraft to
WFEFI and its successors and assigns.
[Truth-in-Leasing and Signature Page Follows]
Anadarko Aircraft Time Sharing Agreement - James T. Hackett
Page 11
21.
TRUTH-IN-LEASING STATEMENT PURSUANT TO SECTION 91.23 OF THE FEDERAL
AVIATION REGULATIONS.
OPERATOR CERTIFIES THAT EACH OF THE AIRCRAFT HAS BEEN INSPECTED AND MAINTAINED
DURING THE 12-MONTH PERIOD PRECEDING THE DATE OF THIS AGREEMENT (OR SUCH SHORTER
PERIOD AS OPERATOR SHALL HAVE POSSESSED THE AIRCRAFT) IN ACCORDANCE WITH THE
PROVISIONS OF PART 91 OF THE FEDERAL AVIATION REGULATIONS. EACH OF THE AIRCRAFT
WILL BE MAINTAINED AND INSPECTED IN COMPLIANCE WITH THE MAINTENANCE AND
INSPECTION REQUIREMENTS FOR ALL OPERATIONS TO BE CONDUCTED UNDER THIS AGREEMENT.
OPERATOR AGREES, CERTIFIES AND ACKNOWLEDGES, AS EVIDENCED BY ITS SIGNATURE
BELOW, THAT WHENEVER ANY OF THE AIRCRAFT IS OPERATED UNDER THIS AGREEMENT,
OPERATOR SHALL BE KNOWN AS, CONSIDERED, AND SHALL IN FACT BE THE OPERATOR OF THE
AIRCRAFT, AND THAT OPERATOR UNDERSTANDS ITS RESPONSIBILITIES FOR COMPLIANCE WITH
APPLICABLE FEDERAL AVIATION REGULATIONS.
THE PARTIES UNDERSTAND THAT AN EXPLANATION OF FACTORS AND PERTINENT FEDERAL
AVIATION REGULATIONS BEARING ON OPERATIONAL CONTROL CAN BE OBTAINED FROM THE
NEAREST FAA FLIGHT STANDARDS DISTRICT OFFICE.
IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly
executed on the day and year first above written. The persons signing below
warrant their authority to sign.
Anadarko Petroleum Corporation
JAMES T. HACKETT
By:
/s/ Robert K. Reeves
/s/ James T. Hackett
Robert K. Reeves
Senior Vice President, General Counsel
and Chief Administrative Officer
A legible copy of this Agreement shall be kept in the Aircraft
for all operations conducted hereunder.
Anadarko Aircraft Time Sharing Agreement - James T. Hackett
Page 12
SCHEDULE A
Type of Aircraft
U.S. Registration Number
Manufacturer Serial Number
Cessna Sovereign
N565A
024
Gulfstream G550
N288A
5307
Gulfstream G550
N273A
5273
Gulfstream G550
N203A
5169
Anadarko Aircraft Time Sharing Agreement - James T. Hackett
Page 13