Common use of Return of Aircraft and Records Clause in Contracts

Return of Aircraft and Records. (a) Return of Aircraft. ------------------ Upon the termination of this Lease at the expiration of the Term or upon the earlier termination of this Lease pursuant to the terms hereof, unless the Lessee shall purchase the Aircraft or there shall have been an Event of Loss with respect to the Aircraft, the Lessee, at its own expense, shall, except as otherwise expressly provided herein, return the Airframe by delivering the same to the Lessor in the continental United States of America at a location on the Lessee's domestic route system chosen by the Lessee and reasonably acceptable to the Lessor, fully equipped with two Engines or other General Electric CF34-3B1 Series 200 engines (or engines of the same manufacturer of a comparable or an improved model and suitable for installation and use on the Airframe and owned by the Lessee) duly installed thereon.

Appears in 3 contracts

Samples: Lease Agreement (Midway Airlines Corp), Lease Agreement (Midway Airlines Corp), Lease Agreement (Midway Airlines Corp)

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Return of Aircraft and Records. (a) Return of Aircraft. ------------------ Upon the termination of this Lease at the expiration of the Term or upon the earlier termination of this Lease pursuant to the terms hereof, unless the Lessee shall purchase the Aircraft or there shall have been an Event of Loss with respect to the Aircraft, the Lessee, at its own expense, shall, except as otherwise expressly provided herein, return the Airframe by delivering the same to the Lessor in the continental United States of America at a location on the Lessee's domestic route system chosen by the Lessee and reasonably acceptable to the Lessor, fully equipped with two Engines or other General Electric CF34CFM International model CFM-56-3B1 Series 200 7B20 engines (or engines of the same manufacturer of a comparable or an improved model and suitable for installation and use on the Airframe and owned by the Lessee) duly installed thereon.

Appears in 1 contract

Samples: Lease Agreement (Midway Airlines Corp)

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Return of Aircraft and Records. (a) Return of Aircraft. ------------------ Upon the termination of this Lease at the expiration of the Term or upon the earlier termination of this Lease pursuant to the terms hereof, unless the Lessee shall purchase the Aircraft or there shall have been an Event of Loss with respect to the Aircraft, the Lessee, at its own expense, shall, except as otherwise expressly provided herein, return the Airframe by delivering the same to the Lessor in the continental United States of America at a location on the Lessee's domestic route system chosen by the Lessee and reasonably acceptable to the Lessor, fully equipped with two Engines or other General Electric CF34-3B1 Series 200 engines (or like engines of the same manufacturer of a comparable or an improved model and suitable for installation and use on the Airframe and owned by the LesseeLessee and satisfying all the requirements for a Replacement Engine) duly installed thereon.

Appears in 1 contract

Samples: Lease Agreement (Midway Airlines Corp)

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