RETURN AND REPOSSESSION Sample Clauses
The RETURN AND REPOSSESSION clause outlines the conditions under which leased or rented property must be returned to the owner and the circumstances that allow the owner to repossess the property. Typically, this clause specifies the required state of the property upon return, the timing for return, and the process for repossession if the lessee defaults on the agreement or fails to comply with its terms. For example, if a lessee fails to make payments or breaches the contract, the owner may have the right to reclaim the property without further notice. The core function of this clause is to protect the owner's interests by ensuring the timely and proper return of their property and providing a clear mechanism for repossession in case of default.
RETURN AND REPOSSESSION. Lessor may cause Lessee, upon giving written notice to Lessee, to return promptly, and Lessee shall return promptly, the Airframe and Engines as Lessor may so demand, to Lessor or its order in the manner and condition required by, and otherwise in accordance with, all the provisions of Section 5 as if the Airframe or Engine were being returned at the end of the Base Lease Term or any Renewal Lease Term or Lessor, at its option, may enter upon the premises where the Airframe or any Engine, or any Part thereof, are located and take immediate possession of and remove the same by summary proceedings or otherwise, all without liability accruing to Lessor for or by reason of such entry or taking of possession, whether for the restoration of damage to property caused by such taking or otherwise.
RETURN AND REPOSSESSION. Lessor may in writing demand the prompt return, and the Lessee hereby agrees that it shall return promptly, the Aircraft to the Lessor in the manner and condition required by, and otherwise in accordance with all the provisions of, Section 6 as if the Aircraft were being returned at the end of the Term, or the Lessor or the Lessor's agent, at its option, may, but shall be under no obligation to, enter upon the premises where all or any part of the Airframe or any Engine or Appliance is located and take immediate possession of and remove the same by summary proceedings or otherwise, all without liability accruing to the Lessor or the Lessor's agent for or by reason of such entry or taking of possession or removal whether for the restoration of damage to property caused by such action or otherwise.
RETURN AND REPOSSESSION. Lessor may cause Lessee, upon giving written notice to Lessee, to return promptly, and Lessee shall return promptly, all or any part of the Aircraft, Airframe, or Engines, and any of the Returnable Records, as Lessor shall so demand, to Lessor or its order in the manner and condition required by, and otherwise in accordance with, all the provisions of § 5, as if the Aircraft, Airframe, Engines, or Part, or the Returnable Records, were being returned at the end of the Term, or Lessor, at its option, may enter upon the premises where the Aircraft, the Airframe, any Engine, or any Part thereof, or any of the Returnable Records, is located and take immediate possession of and remove the same by summary proceedings or otherwise, all without liability accruing to Lessor for or by reason of such entry or taking of possession, whether for the restoration of damage to property caused by such taking or otherwise, and Lessee expressly waives any right it may have under applicable Law to a hearing prior to repossession of the Aircraft, Airframe, any Engine, or any Part thereof, or any of the Returnable Records.
RETURN AND REPOSSESSION. In the event of any return, reclamation or repossession of any Collateral, Debtor shall immediately notify Lender and remit to Lender the amount credited by Debtor to the account of the Customer to whom such goods had previously been sold or leased.
RETURN AND REPOSSESSION. Upon expiration, termination or other event requiring Lessee to return the Equipment, Lessee will return the Equipment in as good a condition as received, less normal wear and tear. Lessee shall arrange for, prepay and absorb the costs of returning the Equipment to the nearest facility/facilities of Haus▇▇▇ ▇▇▇ Sales, Inc. or to any reasonable place Lessor may designate. LESS▇▇ ▇▇▇VES ANY RIGHTS LESSEE MAY HAVE TO PRIOR NOTICE OR OPPORTUNITY TO BE HEARD IN COURT REGARDING LESS▇▇'▇ ▇IGHT TO REPOSSESS THE EQUIPMENT FROM LESSEE, and in the event that Less▇▇'▇ ▇epossession should for any reason prove wrongful as to Lessee, Less▇▇'▇ ▇ole remedy shall be the right to terminate the Lease as of the date of such wrongful repossession and/or to recover damages.
RETURN AND REPOSSESSION. Lessor may cause Lessee, upon giving written notice to Lessee, to return promptly, and Lessee shall return promptly, all or any part of the Aircraft, Airframe, or Engines, and any of the Returnable Records, as Lessor shall so demand, to Lessor or its order in the manner and condition required by, and otherwise in accordance with, all the provisions of § 5, as if the Aircraft, Airframe, Engines, or Part, or the Returnable Records, were being returned at *** Material has been omitted pursuant to a request for confidential treatment and filed separately with the SEC the end of the Term, or Lessor, at its option, may enter upon the premises where the Aircraft, the Airframe, any Engine, or any Part thereof, or any of the Returnable Records, is located and take immediate possession of and remove the same by summary proceedings or otherwise, all without liability accruing to Lessor for or by reason of such entry or taking of possession, whether for the restoration of damage to property caused by such taking or otherwise, and Lessee expressly waives any right it may have under applicable Law to a hearing prior to repossession of the Aircraft, Airframe, any Engine, or any Part thereof, or any of the Returnable Records.
RETURN AND REPOSSESSION. Lessor may cause Lessee, upon giving written notice to Lessee, to return promptly, and Lessee shall return promptly, the Airframe and Engines (including the Aircraft Documents) as Lessor may so demand, to Lessor or its order in the manner and condition required by, and otherwise in accordance with, all the provisions of Section 5 as if the Airframe or Engine were being returned at the end of the Term or Lessor, at its option, may enter upon the premises where the Airframe or any Engine, or any Part thereof, are located and peaceably take possession of and remove the same by summary proceedings or otherwise, all without liability accruing to Lessor for or by reason of such entry or taking of possession, and during the pendency of the Chapter 11 Case, Lessee expressly waives any right it may have to a hearing prior to the repossession of the Aircraft.
RETURN AND REPOSSESSION. 38 14.2. SALE, USE, ETC ......................................................... 39 14.3. LIQUIDATED DAMAGES; FAIR MARKET RENTAL ................................. 39 14.4. CANCELLATION, TERMINATION, AND RESCISSION .............................. 39 14.5.
RETURN AND REPOSSESSION. Lessor may in writing demand the prompt return, and the Lessee hereby agrees that it shall return promptly, the Engine to the Lessor in the manner and condition required by, and otherwise in accordance with all the provisions of, Section 6 as if the Engine were being returned at the end of the Term, or the Lessor or the Lessor's agent, at its option, may, but shall be under no obligation to, enter upon the premises where all or any part of the Engine is located and take immediate possession of and remove the same by summary proceedings or otherwise;
RETURN AND REPOSSESSION. In the event of any return, reclamation or repossession of any Collateral, Borrower shall reflect such return, reclamation or repossession on its collateral reports delivered to Bank.