Common use of Concerning Remedies Clause in Contracts

Concerning Remedies. In addition to the other obligations of Lessee under this SECTION 18, Lessee shall be liable, except as otherwise provided in this SECTION 18, and to the extent not paid, pursuant to the other provisions of this SECTION 18, for any and all unpaid Rent due hereunder, after or during the exercise of any of the foregoing remedies, .for any and all Supplemental Rent due hereunder, and for all legal fees (including the allocated time charges of internal counsel) and other reasonable costs and expenses incurred by reason of the occurrence of any Event of Default, or the exercise of Lessor's remedies with respect thereto, including all reasonable costs and expenses incurred in connection with repossession, transportation, storage, maintenance and insurance of the Aircraft and in placing the Aircraft in the condition and airworthiness required by SECTION 19. At any sale of the Aircraft or any part thereof pursuant to this SECTION 18, Lessor may bid cash for the purchase of such property. Except as otherwise expressly provided above, no remedy referred to 55 in this SECTION 18 is intended to be exclusive, but each shall be cumulative and in addition to any other remedy referred to above or otherwise available to Lessor at law or in equity, and the exercise or beginning of exercise of any one or more of such remedies shall not be deemed an election of such remedies and shall not preclude the simultaneous or later exercise by Lessor of any or all of such other remedies.

Appears in 1 contract

Samples: Aircraft Lease Agreement (Republic Airways Holdings Inc)

AutoNDA by SimpleDocs

Concerning Remedies. In addition to the other obligations of Lessee Sublessee under this SECTION 18, Lessee Sublessee shall be liable, except as otherwise provided in this SECTION 18, and to the extent not paid, paid pursuant to the other provisions of this SECTION 18, for any and all unpaid Rent due hereunder, after or during the exercise of any of the foregoing remedies, .for for any and all Supplemental Rent due hereunder, and for all legal fees (including the allocated time charges of internal counsel) and other reasonable costs and expenses incurred by reason of the occurrence of any Event of Default, or the exercise of LessorSublessor's remedies with respect thereto, including all reasonable costs and expenses incurred in connection with repossession, transportation, storage, maintenance and insurance of the Aircraft and in placing the Aircraft in the condition and airworthiness required by SECTION 19. At any sale of the Aircraft or any part thereof pursuant to this SECTION 18, Lender, Lessor or Sublessor may bid cash or the unpaid balance of any or all Loans (including all other amounts secured by the Loan Agreement) or any combination thereof, for the purchase of such property. Except as otherwise expressly provided above, no remedy referred to 55 in this SECTION 18 is intended to be exclusive, but each shall be cumulative and in addition to any other remedy referred to above or otherwise available to Lessor Sublessor at law or in equity, and the exercise or beginning of exercise of any one or more of such remedies shall not be deemed an election of such remedies and shall not preclude the simultaneous or later exercise by Lessor Sublessor of any or all of such other remedies.

Appears in 1 contract

Samples: Aircraft Sublease Agreement (Republic Airways Holdings Inc)

AutoNDA by SimpleDocs

Concerning Remedies. In addition to the other obligations of Lessee under this SECTION 18, Lessee shall be liable, except as otherwise provided in 1n this SECTION 18, and to the extent not paid, paid pursuant to the other provisions of this SECTION 18, for any and all unpaid Rent due hereunder, after or during the exercise of any of the foregoing remedies, .for for any and all Supplemental Rent due hereunder, and for all legal fees (including the allocated time charges of internal counsel) and other reasonable costs and expenses incurred by reason of the occurrence of any Event of Default, or the exercise of Lessor's remedies with respect thereto, including all reasonable costs and expenses incurred in connection with repossession, transportation, storage, maintenance and insurance of the Aircraft and in placing the Aircraft in the condition and airworthiness required by SECTION 19. At any sale of the Aircraft or any part thereof pursuant to this SECTION 18, Lessor may bid cash for the purchase of such property. Except as otherwise expressly provided above, no remedy referred to 55 in this SECTION 18 is intended to be exclusive, but each shall be cumulative and in addition to any other remedy referred to above or otherwise available to Lessor at law or in equity, and the exercise or beginning of exercise of any one or more of such remedies shall not be deemed an election of such remedies and shall not preclude the simultaneous or later exercise by Lessor of any or all of such other remedies.

Appears in 1 contract

Samples: Aircraft Lease Agreement (Republic Airways Holdings Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.