Rental Component definition
Examples of Rental Component in a sentence
Subject to the specific provisions of this subsection, AEPC™ shall pay the costs to provide a Rental Component, if required and available, during Un- scheduled Maintenance covered by this Agreement that requires more than ten (10) business days AOG.
The terms of any such lease shall be on the same terms and conditions as this Lease, including, without limitation, the then remaining term, except that the Rental Component of the Occupancy Cost per rentable square foot of Expansion Premises shall be the then Fair Market Rent of the Expansion Premises, as determined by Landlord, which rental value shall be included in Landlord’s ROFO Notice to Tenant.
As well, AEPC™ has no liability for any consequential damage resulting from the use of a Rental Component.
As a condition to the OEM Authorized, FAA Licensed (or their coun- terparts worldwide) Repair Facility acceptable to AEPC™ furnishing a Rental Component to the Client in connection with maintenance or repair covered hereunder, a Rental Agreement shall be executed between the Client and the OEM Authorized, FAA Licensed (or their counterparts worldwide) Repair Facility acceptable to AEPC™.
After the Fair Market Rent for the Extended Term has been established in accordance with the foregoing procedure, Landlord and Tenant shall promptly execute an amendment to the Lease to reflect the Rental Component for the Extended Term.
In the event a Rental Component is provided in connection with any Exclusions, the Client shall be solely responsible for the OEM Authorized, FAA Licensed (or their counterparts world- wide) Repair Facility acceptable to AEPC™s normal rental charges.
AEPC™ has no obliga- tion under this Agreement to pay any costs in connection with the repair, maintenance, or failure of a Rental Component.
In no event shall AEPC™ pay for any Rental Component for more than three (3) business days after com- pletion of the Unscheduled Maintenance, and any rental charges incurred thereafter shall subject the Client to the OEM Authorized, FAA Licensed (or their counterparts worldwide) Repair Facility acceptable to AEPC™’s standard rental charges.
As a condition to the FAA-Approved Repair Facility (or their coun- terpart worldwide) furnishing a Rental Component to the Client in connection with maintenance or repair covered hereunder, a Rental Agreement shall be executed be- tween the Client and the FAA-Approved Repair Facility.
Section 5.02 Notwithstanding anything to the contrary in 0 above, any lender to the Owner which acquires title to the Rental Component shall only be required to use commercially reasonable efforts to satisfy the obligations in 0.