Aircraft Lease. From time to time during the Term, Lessee may request that Lessor lease the Aircraft with crew to Lessee on a timesharing basis. Lessor agrees to make its best efforts to accommodate such requests, but it shall have no obligation to lease the Aircraft to Lessee if the Aircraft is needed for the business of Lessor or is otherwise unavailable.
Aircraft Lease. Reference is hereby made to that certain Option -------------- Agreement dated as of July 7, 1997 between Company and Xxxxxx (the "OPTION AGREEMENT"), and the following agreements relating to that certain Gulfstream G- 1159B Aircraft Equipped with two (2) Rolls-Royce Spey MK511-8 Engines (the "AIRCRAFT"): (i) the Aircraft Purchase and Sale Agreement dated as of June 30, 1997, between Atlantic Richfield Company ("ARCO") and Company, (ii) the Purchase Agreement Assignment Agreement, dated as of July 7, 1997, between Company, as assignor, and C.I.T. Leasing Corporation ("LESSOR"), as assignee, as consented to by ARCO in the Consent and Agreement dated as of July 7, 1997, (iii) the Aircraft Lease Agreement dated as of July 7, 1997, between Lessor and Company) (the "LEASE AGREEMENT"), (iv) the Tax Indemnity Agreement, dated as of July 7, 1997, between Lessor and Company, and (v) the Management Agreement, dated as of July 7, 1997, between Company and Xxxxxxx de Vere Group Avia, Inc. (the agreements referred to in (i) through (v) above being referred to collectively as the "AIRCRAFT AGREEMENTS"). Effective as of the Transition Time and subject to payment of the Noncompetition Payment, Xxxxxx hereby exercises the option granted to Xxxxxx under the Option Agreement, subject to the terms hereof. Notwithstanding anything to the contrary contained in the Option Agreement, Company shall (subject to obtaining all necessary consents, unless Company in its sole discretion elects to proceed without such consents) sublease, effective as of January 1, 1998, the Aircraft to Xxxxxx for a term co-terminous with the term of the Lease Agreement, in which event Xxxxxx shall assume all duties, obligations and liabilities of Company pursuant to the Aircraft Agreements relating to the period after January 1, 1998, and Xxxxxx shall, prior to the Transition Time (unless later requested by Company, but not in any event later than January 1, 1998), sign a sublease agreement containing customary terms and conditions consistent with those contained in the Aircraft Agreements. Xxxxxx shall use reasonable best efforts to obtain any and all necessary consents for the sublease of the Aircraft, provided that Company shall reasonably cooperate with Xxxxxx in obtaining such consents (unless Company in its sole discretion elects to proceed without such consents). Commencing as of the Transition Time and prior to January 1, 1998, Xxxxxx shall have the exclusive right to use the Aircraft, provided t...
Aircraft Lease. This AIRCRAFT LEASE (together with all Supplements, Exhibits and Certificates hereto, the "Lease") is made and entered into as of the 30th day of December, 1996 by and between Fleet Capital Corporation, a Rhode Island corporation ("Lessor"), with a place of business at 50 Kxxxxxx Xxxxx, Fifth Floor, Providence, RI 02903-2305, and Kitty Hawk Aircargo, Inc., a Texas corporation ("Lessee"), having its principal place of business and chief executive office at P.O. Box 612787, 1515 W. 20th Street, DFW International Airpxxx, Xxxxx 00000. Xertain capitalized terms as used in this Lease are defined in Exhibit A hereto, and such definitions are hereby incorporated herein and made a part hereof as though set forth herein in full.
Aircraft Lease. THIS LEASE made as of this 6th day of May, 2002 ("Lease") by and between N2T, Inc., an Oregon corporation ("Lessor"), and Oakley, Inc., a Washington corporation, with its principal offices located at One Icon, Xxxxxxxx Xxxxx, XX 00000 ("Lessee").
Aircraft Lease. This Agreement is subject and subordinate to the Aircraft Lease, and, in the event of any termination of the Aircraft Lease, this Agreement shall also terminate in all respects except for those obligations that expressly survive the expiration or earlier termination of this Agreement. Xxxxxx also agrees not to do or cause anything to be done that would result in a default under the Aircraft Lease or cause the Aircraft Lease to be terminated or forfeited. Lessee shall not have the right to exercise any of Lessor’s rights, options, elections or concessions specifically granted, permitted, or authorized to Lessor in its capacity as Lessee under the Aircraft Lease, or to institute any action or proceeding against Lender for the enforcement of the Aircraft Lease.
Aircraft Lease. THIS LEASE is made effective as of this 4th day of April, 2001 ("Lease") by and between X, Inc., an Oregon corporation ("Lessor"), and Oakley, Inc., a Washington corporation, with its principal offices located at One Icon, Xxxxxxxx Xxxxx, XX 00000 ("Lessee").
Aircraft Lease. 26 (8) Indebtedness of Shareholders, Directors etc...........26 (9) Resignations..........................................25 (10) Life Insurance........................................26 (11) Evidence..............................................26 (12) Corporate Action......................................26 (13) Approvals, Consents, etc..............................27 (14) Approval of Counsel and Opinions......................27 Section 8 --NON-COMPETITION AND EMPLOYMENT AGREEMENT..........................27
Aircraft Lease. Evidence satisfactory to the Purchaser that the Aircraft Lease Agreement dated November 22, 1997 between CAD CAM, Inc., as lessee, and Premier Leasing, as lessor, has been terminated and that all liabilities, expenses, indemnities and costs, including insurance costs, have been terminated, paid in full, adjusted, or reduced accordingly.
Aircraft Lease. The Company will take all commercially reasonable action necessary to keep in effect throughout the Employment Period the Lease of Aircraft dated April -5- 10, 1997 between Hayden Leasing, L.C. and BSI and shall make the aircraft leased thereunder available for the Executive's reasonable use until the end of the Employment Period.
Aircraft Lease. 58 ARTICLE VII
