Lease Term definition
Examples of Lease Term in a sentence
On each Basic Rent Date during the Lease Term, Lessee shall pay Basic Rent to Lessor in advance.
Lessee will provide insurance coverage for the duration of such storage period equivalent to that provided by the policies required under this Agreement during the Lease Term.
On the Delivery Date, all assignable or transferable Manufacturer, Engine Manufacturer, or any other maintenance provider or vendor warranties with respect to the Aircraft are hereby made available by Lessor to Lessee for the duration of the Lease Term, without warranty by Lessor as to the enforceability of any of the rights so made available.
Lessor shall lease the Aircraft to Lessee, and Lessee shall take the Aircraft on lease, in accordance with this Agreement and the other Transaction Documents for the duration of the Lease Term.
Throughout the Lease Term, the Aircraft and each part thereof will be in every respect at the sole risk of ▇▇▇▇▇▇, who will bear all risk of loss, theft, damage or destruction to the Aircraft and each part thereof from any cause whatsoever.