Return of Aircraft Clause Examples
POPULAR SAMPLE Copied 2 times
Return of Aircraft. A. Upon the termination of this Agreement, Lessee shall, at its sole expense, return the Aircraft forthwith to Lessor by delivering the Aircraft to Lessor at Anchorage, Alaska, or at another agreed location. The Aircraft shall be returned in the same condition as when delivered to Lessee hereunder, ordinary wear and tear on the airframe and the Engines excepted, with paint and interior in the same condition as when delivered to Lessor, no open or deferred maintenance items, in airworthy condition, and free and clear of all liens, encumbrances or rights of others whatsoever caused by Lessee.
B. Not less than ten (10) days prior to the expiration or earlier termination of the Agreement, Lessee shall make the Aircraft available to Lessor at Anchorage, Alaska, or such other location as agreed to pursuant to Section 9(A), for the purpose of permitting Lessor, at Lessor's sole cost, to make an inspection of the Aircraft. In connection with such inspection, Lessor shall, at Lessee's expense, be entitled to an acceptance flight check of not more than three (3) hours’ duration. Lessor shall at Lessor's expense be entitled to correct and repair any condition of the Aircraft discovered on such inspection or flight check which causes the Aircraft not to be in the condition prescribed above or not airworthy; and Lessee shall reimburse Lessor upon demand for the cost of any such repairs. If any corrections or repairs are necessary, the terms of the Agreement shall be extended for the period required to enable Lessee to make such corrections or repairs and to return the Aircraft in accordance with the terms of this Section 9.
C. During any extended term referred to in this Section 9, rent shall be paid by Lessee to Lessor until the date of actual return at the rate specified in Section 3(A) above.
D. In consideration of $350,000 paid by Lessee to Lessor on or before December 31, 2010, the parties agree that the Astra may be returned to Lessor at any time with the paint and interior in the same condition as it was in on December 27, 2010, ordinary wear and tear excepted.
Return of Aircraft. 52 12.1 Return..........................................................52 12.2
Return of Aircraft. 16.1 On the Expiry Date or upon earlier termination of the Term (unless a Casualty Occurrence shall have occurred with respect to the Aircraft), Lessee shall, at its own expense, redeliver the Aircraft to Lessor at the Redelivery Location or such other airport as is mutually acceptable to the parties, in a condition complying with the provisions of Appendix E, free and clear of all liens and encumbrances (including Permitted Liens other than Lessor Liens) and upon request of Lessor cooperate in causing the Aircraft to be removed from the register of civil aviation in the State of Registration and Lessee shall return the Aircraft to Lessor together with the Aircraft Documents supplied pursuant to this Lease when the Aircraft was delivered to Lessee on the Original Delivery Date as the same may be modified, supplemented or amended during the Term.
16.2 Immediately prior to such redelivery of the Aircraft, Lessee, at its own expense, shall make the Aircraft, Aircraft Documents and other records available to Lessor for inspection ("Final Inspection") in order to verify that the condition of the Aircraft complies with the provisions of this Lease. Such inspection shall not unreasonably interfere with the operation of the Aircraft. The period will be long enough for the Final Inspection to permit the conduct by Lessor of the following:
(a) Inspection of the Aircraft Documents;
(b) Inspection of the Aircraft structure and Parts;
(c) Inspection of the Engines and A.P.U., including without limitation, a borescope inspection or any other equivalent inspection method supported by Rolls Royce, inspection of the compressor and turbine area, and, if reasonably requested based on evidence that it is required, the Engine and A.P.U. condition runs confirming release of each Engine and A.P.U for its remaining operational life;
(d) A one-hour to two-hour test flight with Lessor's representatives on board as observers and, if any non compliance is found, a subsequent test flight to check compliance after rectification.
16.3 To the extent that, upon such Final Inspection, the condition of the Aircraft and Aircraft Documents does not comply with the provisions of this Lease, Lessee, at its own expense, shall cause such non-compliance to be promptly rectified and to the extent such rectification extends beyond the Expiry Date, the Term shall, at Lessor's sole option, be deemed to be automatically extended and the provisions of this Lease shall remain in full force and effect unt...
Return of Aircraft. Unless the Aircraft is purchased by the Lessee as provided in Section 4.02 hereof, at the end of the Term, or upon the termination of this Lease pursuant to Article 10 or Article 17 hereof or otherwise, the Lessee, at its own cost and expense, will return the Aircraft by delivering it to the Lessor on the last day of the Term or on the Termination Date, as the case may be, at the Lessee's principal maintenance facility in Memphis, Tennessee or such other location specified by the Lessor pursuant to the next succeeding sentence (and reasonably acceptable to the Lessee), within the continental United States (on the Lessee's route structure as in effect on the return date) and the Airframe shall be fully equipped with two Engines of the same or an improved make and model as were delivered on the Delivery Date (or Replacement Engines), free and clear of all Liens (other than Lessor's Liens), including any rights of third parties under pooling, interchange, overhaul, repair or similar agreements or arrangements, it being understood that all such Engines and Replacement Engines so returned shall be of identical make and model and that any Replacement Engine shall be in at least as good operating condition and have at least the same value and utility as the Engines being replaced, assuming such Engines were in the condition required hereunder. The Lessor will give the Lessee at least thirty (30) (or five (5) in the case of a return pursuant to Article 17 hereof) days' prior written notice of the place of such return; provided, however, that if the Lessor shall have made the request for storage pursuant to Section 12.06 hereof, the Lessee shall return the Aircraft to the Lessor at the site of the storage and provided further that if notice is not delivered the Aircraft shall be returned in Memphis, Tennessee.
Return of Aircraft. 12.1 Redelivery .................................................................................................................
Return of Aircraft. 64 23.1 Date of Return................................................64 23.2
Return of Aircraft. 36 Section 12.02. Return of Engines....................................... 37 Section 12.03.
Return of Aircraft. 7 5.1 Compliance with Annex B...............................7 5.2 Storage and Related Matters...........................7 5.3
Return of Aircraft provisions for redelivery of the relevant aircraft, including, if applicable, replacement engines and parts, on expiry or termination of the lease (other than any expiration or termination coincident with the purchase of the relevant aircraft pursuant to exercise of a purchase option by the relevant lessee or in cases in which such lease provides for retention of the relevant Aircraft by the lessee or for delivery to a third party), specifying the required return condition and any obligation upon the lessee to remedy or compensate the lessor, directly or indirectly, for any material deviations from such return condition in each case considering the other terms of the relevant lease and to the extent consistent with the reasonable commercial practices of leading international aircraft operating lessors;
Return of Aircraft. Lessee hereby agrees to comply with the Return Conditions regarding return of the Aircraft to Lessor. In addition, Lessee agrees, in connection with any return of the Aircraft hereunder, to pay on the Return Date the amounts payable pursuant to Annex B, if any. All references in this Lease or elsewhere in any other Operative Document to this Section 5 shall be deemed to refer also to Annex B.