Common use of Repairable Damage Clause in Contracts

Repairable Damage. If repairable damage occurs to the Aircraft or any part thereof that does not constitute a Casualty Occurrence, Lessee's obligation to pay rent under this Lease shall continue. To the extent necessary and appropriate, Lessee shall apply the proceeds of any insurance referred to in Section 9 below paid with respect to such damage to the repair of the Aircraft.

Appears in 2 contracts

Sources: Aircraft Lease (Oakley Inc), Aircraft Lease (Oakley Inc)