Return of the Aircraft Clause Samples
Return of the Aircraft. (a) On the last Business Day of the Term (or such earlier date as this Lease may be terminated pursuant to Section 18 hereof) (the "Redelivery Date") all of the terms of this Section 5 shall apply and the Lessee at its expense will return the Aircraft to the Lessor by delivering the same, at the Lessee's own risk and expense, to the Lessee's maintenance facilities at Helsinki-Vantaa Airport, Finland (the "Redelivery Location"), fully equipped with all Engines installed thereon. In the event that any engine not an Engine shall be delivered with the returned Airframe as set forth herein in connection with the termination of the Lease, all engines then installed on the Airframe shall be of the same or another manufacturer of the same or an improved model and suitable for use on the Airframe but all of the same make and model and the Lessee, concurrently with such delivery, will, at its own expense and at no cost or expense to the Lessor, furnish the Lessor with a full warranty bill of sale from the Lessee, in form and substance satisfactory to the Lessor, with respect to such engine, and with an opinion of the Lessee's in house counsel to the effect that, upon such return, the Lessor will acquire good and marketable title to such engine free and clear of all rights of third parties under pooling, interchange, overhaul, repair and other arrangements and all other Liens (other than Lessor Liens), and the Lessee shall take such other action as the Lessor shall reasonably request, and thereupon the Lessor shall transfer to the Lessee, "where-is", free and clear of all Lessor Liens, but otherwise without recourse or warranty (all as described in the first sentence of paragraph (vi) of Section 4(b), except that appropriate changes shall be made to the references to the parties and to accommodate a sale and purchase rather than a lease), its title, if any, to such Engine not installed on the Airframe at the time of its return. The Lessor shall, subject to the terms and on the conditions of this Section 5, accept return of the Aircraft from the Lessee by executing and delivering to the Lessee a Redelivery Receipt of Aircraft and Engines, substantially in the form of Exhibit B hereto, not later than 3:30 p.m. local time on the Redelivery Date. At the Lessor's direction, the Lessee will (1) store the Aircraft out-of doors at the Redelivery Location or out-of-doors at another location in Europe utilized for the storage and maintenance of the Lessee's aircraft, selected ...
Return of the Aircraft. (a) DATE AND LOCATION OF RETURN. Upon any expiration or termination of the Lease Term, subject only to Section 13(b)(ii)(x), Lessee, at its own risk, cost and expense, shall return the Aircraft, including the Airframe, the Engines, all Parts thereof and the Aircraft Documentation to Lessor or its designee in accordance with the provisions of this Agreement and Lessee and Lessor shall perform the elements of the Final Inspection as required hereby, all prior to the end of the Lease Term (the "Return"). Not later than the end of the Lease Term, the Aircraft shall be returned to Lessor or its designee at the Return Location.
Return of the Aircraft. On the Scheduled Expiry Date or termination of the leasing of the Aircraft under this Agreement Lessee will, unless a Total Loss has occurred, at its expense, redeliver the Aircraft and Aircraft Documents to Lessor at an FAA or EASA approved maintenance facility at a location in Mexico or European Union agreed between Lessor and Lessee or, in absence of any agreement, as specified by Lessor (the “Redelivery Location”), in a condition complying with Part of 2 of this Appendix 8, (the “Return Condition”) free and clear of all Security Interests and Permitted Liens (other than Lessor Liens) and thereupon, at Lessor’s request cause the Aircraft to be deregistered by the Air Authority.
Return of the Aircraft. 9 (a) Condition Upon Return.......................................9 (b) Parking and Related Matters.................................9 (c) Return of Other Engines.....................................9 (d) Obligations Continue Until Return..........................10 SECTION 6. LIENS.............................................................10
Return of the Aircraft. (a) RETURN.
(b) LEASE CONTINUES.
(c) RETURN OF ENGINES.
Return of the Aircraft. (a) Condition Upon Return. Unless the Aircraft has been sold pursuant to Section 21, if at any time the Lessee shall return the Aircraft to the Lessor hereunder, Lessee, at its own expense, will return the Aircraft to Lessor at a location specified by the Lessor to the Lessee in writing. At the time of such return, (i) Lessee will cause the Aircraft to be in compliance with the maintenance covenants contained in this Lease and (ii) the Airframe will be fully equipped with the Engines installed thereon. At the time of such return, such Airframe and Engines (A) shall have an air worthiness certificate from the Federal Aviation Administration and shall be in full compliance with the provisions of Federal Aviation Regulations, Part 121 (or successor regulation), and shall be in material compliance with all applicable FAA noise, corrosion, environmental and aging aircraft requirements, (B) shall be free and clear of all Liens and (C) shall be in a full freighter configuration and in as good condition as when originally delivered to Lessee, ordinary wear and tear excepted, and otherwise in the condition required to be maintained under Lessee's FAA-approved maintenance plan; and in all such cases the Aircraft shall not have been discriminated against as compared to other aircraft owned or leased by Lessee whether by reason of its leased status or otherwise in maintenance, use, operation or in any other manner whatsoever.
Return of the Aircraft. Upon termination of the Lease, aircraft shall be returned to a location in Minnesota or as otherwise designated by Lessor in the 48 continental states.
Return of the Aircraft. 1. IHS shall return the Aircraft to Skyview at a location within the Continental United States designated by Skyview on the date of termination of this Lease and provide insured storage at such location for a period not to exceed ninety (90) days. IHS agrees that it will return the Aircraft to Skyview in the same and as good a condition as when accepted by IHS, normal wear and tear excepted. In the event IHS does not return the Aircraft in such condition, Skyview will provide prompt written notice to IHS of reasonable repairs necessary to restore the Aircraft to such condition, at IHS's sole cost and expense, in accordance with Article 4 hereof.
2. The Aircraft's airframe shall have remaining to the next airframe block overhaul, a hard time minimum of fifty percent (50%) time to the next scheduled overhaul, as defined by the manufacturer or applicable maintenance program. The Aircraft's landing gear components shall have remaining to the next scheduled overhaul, a hard time minimum of fifty percent (50%) time remaining to the next scheduled overhaul, as defined by the manufacturer or applicable maintenance program.
3. IHS shall have all other hard-time limited components shall have the equivalent of fifty percent (50%) time of operation remaining, as defined by the manufacturer or applicable maintenance program.
4. Any shortfall in the MSP (as defined hereinafter) reserve balance that is required to maintain the Aircraft's engines as required by the MSP, shall be paid by IHS upon the expiration of the term of this Lease.
Return of the Aircraft. (a) Condition Upon Return. Lessee shall comply with each of the provisions of Exhibit B, which provisions are hereby incorporated by this reference as if set forth in full herein.
Return of the Aircraft. 1.1 Date and Location of Return
(1) Lessee has provided to Lessor not less than 60 days’ prior notice and details of such Other Engine;