Redelivery Terms Sample Clauses
The Redelivery Terms clause defines the conditions and procedures under which a leased or borrowed asset, such as equipment or property, must be returned to the owner at the end of the agreement. It typically specifies requirements regarding the timing, location, and condition of the asset upon return, and may outline responsibilities for repairs, cleaning, or documentation. This clause ensures both parties have clear expectations for the return process, minimizing disputes and protecting the owner's interests by setting standards for the asset's state at redelivery.
Redelivery Terms. In the event of any Redelivery of any Transponder, ---------------- Lessee shall execute and deliver to Lessor an instrument substantially in the form of Exhibit C to this Lease that shall constitute evidence of surrender by Lessee of all of Lessee's rights to such Transponder under this Lease and the ▇▇▇▇▇▇ Agreements applicable thereto; provided, however, that Lessee's -------- ------- Redelivery of any Transponder hereunder shall not by itself affect the validity and effectiveness of the Purchase Agreement, Service Agreement or any Substitute Service Agreement relating to such Transponder, as applicable. At the time of any Redelivery, such Transponder shall be free and clear of all Liens (other than Permitted Liens described in clauses (a) and (b) of the definition thereof, excluding Lessor Liens and Indenture Trustee Liens) and free and clear of any right of any Person to use or access such Transponder other than Lessor or Owner Participant unless Owner Participant shall consent to a request by Lessee to recognize any fight of any Person to use or access such Transponder other than Lessor and Owner Participant; and Lessee shall be in compliance with Sections 7(b) and (c).
Redelivery Terms. 50 (c) Rejectable Offer................................................ 51 (d) Rejectable Offer; Decreased Value............................... 52 (e) Assumption of Certain Subleases................................. 54 (f) Redelivery in Connection with Termination....................... 55 SECTION 11. Cooperation................................................... 56
Redelivery Terms. At the expiration or earlier termination of the Lease ---------------- Term with respect to any Transponder, if Lessee does not renew this Lease with respect to such Transponder and does not purchase such Transponder, Lessee shall at Lessee's cost and expense redeliver such Transponder to Lessor in the condition required by Section 7 hereof including, without limitation, in the location permitted by Section 7(d) hereof and, in connection with such Redelivery Lessee shall supply Lessor with the name, last known address and telephone number of the most recent Sublessee or other User (other than Users under Occasional Use Service Contracts) with respect to such Transponder. In the event of any Redelivery of any Transponder, Lessee shall execute and deliver to Lessor an instrument substantially in the form of Exhibit B to this Lease that shall constitute evidence of surrender by Lessee of all of Lessee's rights to such Transponder under this Lease and the ▇▇▇▇▇▇ Agreements applicable thereto; provided, however, that Lessee's Redelivery of any Transponder hereunder shall -------- ------- not by itself affect the validity and effectiveness of the Purchase Agreement, Service Agreement or any Substitute Service Agreement relating to such Transponder, as applicable. At the time of any Redelivery, such Transponder shall be free and clear of all Liens (other than Permitted Liens described in clause (a) or (b) of the definition thereof, excluding Lessor Liens and Indenture Trustee Liens) and free and clear of any right of any Person to use or access such Transponder other than Lessor or Owner Participant unless Owner Participant shall consent to a request by Lessee to recognize any right of any Person to use or access such Transponder other than Lessor and Owner Participant; and Lessee shall be in compliance with Sections 7(b) and (c).
Redelivery Terms. At the expiration or earlier termination of the Lease Term (either Basic Term or Renewal Term), if Lessee does not purchase Buyer’s Transponders, Lessee shall at Lessee’s cost and expense redeliver Buyer’s Transponders to Lessor in the condition required by Section 7 hereof. In the event of any Redelivery of Buyer’s Transponders, Lessee shall execute and deliver to Lessor an instrument substantially in the form of Exhibit A to this Lease that shall constitute evidence of surrender by Lessee of all of Lessee’s rights to Buyer’s Transponders under this Lease and the Purchase Agreement applicable thereto; provided, however, that Lessee’s Redelivery of Buyer’s Transponders hereunder shall not by itself affect the validity and effectiveness of the Purchase Agreement. Further, Lessor, in its capacity as buyer under the Purchase Agreement, shall have the right to purchase the Satellite in accordance with the terms and conditions of Section 11.03