Lease Term Extension Option. (a) Provided no Default or Event of Default shall have occurred and be continuing, Lessee may extend the Lease Term for ***** additional months (“Lease Term Extension”) on the same terms and conditions (except with respect to the amount of Basic Rent as more fully set forth in paragraph (b) below), provided that Lessee shall provide Lessor with irrevocable written notice of its intention to exercise such extension option at least ***** months prior to the Scheduled Termination Date.
Appears in 3 contracts
Samples: Aircraft Lease Agreement (Controladora Vuela Compania De Aviacion, S.A.B. De C.V.), Aircraft Lease Agreement (Controladora Vuela Compania De Aviacion, S.A.B. De C.V.), Aircraft Lease Agreement (Controladora Vuela Compania De Aviacion, S.A.B. De C.V.)
Lease Term Extension Option. (a) Provided no Default or Event of Default shall have occurred and be continuing, Lessee may extend the Lease Term for ***** up to forty (40) additional months (“Lease Term Extension”) on the same terms and conditions (except with respect to the amount of Basic Rent as more fully set forth in paragraph (b) below), provided that Lessee shall provide Lessor with irrevocable written notice of its intention to exercise such extension option at least ***** months prior to option, as well as the Scheduled Termination Dateproposed term of such extension, on or before the last day of the sixty-sixth (66th) Rent Period.
Appears in 2 contracts
Samples: Aircraft Lease Agreement (Controladora Vuela Compania De Aviacion, S.A.B. De C.V.), Aircraft Lease Agreement (Controladora Vuela Compania De Aviacion, S.A.B. De C.V.)
