Common use of Ferry Flight Clause in Contracts

Ferry Flight. Upon redelivery of the Aircraft, Lessee will, at Lessor’s sole risk and expense, and provided that: (a) Lessor has irrevocably and unconditionally accepted Redelivery of the Aircraft as evidenced by the delivery to Lessee of a certificate confirming technical acceptance in form and substance satisfactory to Lessee (acting reasonably) and has executed and delivered in escrow an acknowledgement confirming acceptance of the Aircraft satisfactory to Lessee (acting reasonably) with instructions to release the same to Lessee immediately upon arrival of the Aircraft to the Ferry Flight destination; and (b) Lessee receives not less than thirty (30) days prior written notice from Lessor, fly the Aircraft from the Redelivery Location to such location as Lessor may designate (the “Ferry Flight”) (provided that Lessee is licensed and fully authorized to do so by all relevant authorities). Lessee will provide insurance coverage for the duration thereof equivalent to that provided by the policies required upon Appendix 7. The Lessor shall promptly reimburse Lessee the actual costs incurred by Lessee (without any element of Lessee profit or Lessee ▇▇▇▇ up) in performing such Ferry Flight, including maintaining the insurances in connection therewith, upon presentation of appropriate invoices.

Ferry Flight. Upon redelivery of the Aircraft, the Lessee will, at Lessor’s sole risk and expense, and provided that: that (a) Lessor has irrevocably and unconditionally accepted Redelivery redelivery of the Aircraft as evidenced by the delivery to Lessee of a certificate confirming technical acceptance Technical Acceptance Certificate in form and substance satisfactory to Lessee (acting reasonably) and has executed and delivered in escrow an acknowledgement confirming acceptance of the Aircraft a Return Acceptance Certificate satisfactory to Lessee (acting reasonably) with instructions to release the same to Lessee immediately upon arrival of the Aircraft to the Ferry Flight destination; and (b) Lessee it receives not less than thirty (30) days prior written notice from the Lessor, fly the Aircraft from the Redelivery Location to such location as the Lessor may designate (the “Ferry Flight”) (provided that the Lessee is licensed and fully authorized to do so by all relevant authorities). The Lessee will provide insurance coverage for the duration thereof equivalent to that provided by the policies required upon Appendix 7. The Lessor shall promptly reimburse the Lessee the actual costs incurred by the Lessee (without any element of Lessee profit or Lessee ▇▇▇▇ up) in performing such Ferry Flight, including maintaining the insurances in connection therewith, upon presentation of appropriate invoices.