Common use of Utilization Reporting Clause in Contracts

Utilization Reporting. Lessee shall report monthly Aircraft utilization to Lessor on or before the tenth (10th) calendar day of each calendar month during the Lease Term for each Aircraft. Unwind of Existing Structures: Prior to any Aircraft being made subject to the Transaction Documents, Lessee will deliver the Aircraft to Lessor in a condition acceptable to Lessor (in Lessor’s sole and unfettered discretion) on the Closing Date free and clear of all liens, encumbrances and claims of any kind at Lessee’s sole expense.