Aircraft Lease Clause Samples

Aircraft Lease. This AIRCRAFT LEASE (together with all Supplements, Exhibits and Certificates hereto, the "Lease") is made and entered into as of the 30th day of December, 1996 by and between Fleet Capital Corporation, a Rhode Island corporation ("Lessor"), with a place of business at 50 K▇▇▇▇▇▇ ▇▇▇▇▇, Fifth Floor, Providence, RI 02903-2305, and Kitty Hawk Aircargo, Inc., a Texas corporation ("Lessee"), having its principal place of business and chief executive office at P.O. Box 612787, 1515 W. 20th Street, DFW International Airp▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇. ▇ertain capitalized terms as used in this Lease are defined in Exhibit A hereto, and such definitions are hereby incorporated herein and made a part hereof as though set forth herein in full.

Aircraft Lease. Reference is hereby made to that certain Option -------------- Agreement dated as of July 7, 1997 between Company and ▇▇▇▇▇▇ (the "OPTION AGREEMENT"), and the following agreements relating to that certain Gulfstream G- 1159B Aircraft Equipped with two (2) Rolls-Royce Spey MK511-8 Engines (the "AIRCRAFT"): (i) the Aircraft Purchase and Sale Agreement dated as of June 30, 1997, between Atlantic Richfield Company ("ARCO") and Company, (ii) the Purchase Agreement Assignment Agreement, dated as of July 7, 1997, between Company, as assignor, and C.I.T. Leasing Corporation ("LESSOR"), as assignee, as consented to by ARCO in the Consent and Agreement dated as of July 7, 1997, (iii) the Aircraft Lease Agreement dated as of July 7, 1997, between Lessor and Company) (the "LEASE AGREEMENT"), (iv) the Tax Indemnity Agreement, dated as of July 7, 1997, between Lessor and Company, and (v) the Management Agreement, dated as of July 7, 1997, between Company and ▇▇▇▇▇▇▇ de Vere Group Avia, Inc. (the agreements referred to in (i) through (v) above being referred to collectively as the "AIRCRAFT AGREEMENTS"). Effective as of the Transition Time and subject to payment of the Noncompetition Payment, ▇▇▇▇▇▇ hereby exercises the option granted to ▇▇▇▇▇▇ under the Option Agreement, subject to the terms hereof. Notwithstanding anything to the contrary contained in the Option Agreement, Company shall (subject to obtaining all necessary consents, unless Company in its sole discretion elects to proceed without such consents) sublease, effective as of January 1, 1998, the Aircraft to ▇▇▇▇▇▇ for a term co-terminous with the term of the Lease Agreement, in which event ▇▇▇▇▇▇ shall assume all duties, obligations and liabilities of Company pursuant to the Aircraft Agreements relating to the period after January 1, 1998, and ▇▇▇▇▇▇ shall, prior to the Transition Time (unless later requested by Company, but not in any event later than January 1, 1998), sign a sublease agreement containing customary terms and conditions consistent with those contained in the Aircraft Agreements. ▇▇▇▇▇▇ shall use reasonable best efforts to obtain any and all necessary consents for the sublease of the Aircraft, provided that Company shall reasonably cooperate with ▇▇▇▇▇▇ in obtaining such consents (unless Company in its sole discretion elects to proceed without such consents). Commencing as of the Transition Time and prior to January 1, 1998, ▇▇▇▇▇▇ shall have the exclusive right to use the Aircraft, provided t...

Aircraft Lease. THIS LEASE made as of this 18th day of December, 2003 ("Lease") by and between N2T, Inc., an Oregon corporation ("Lessor"), and Oakley, Inc., a Washington corporation, with its principal offices located at One Icon, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇ ▇▇▇▇▇ ("Lessee").

Aircraft Lease. On the date hereof, the Company has entered an Amended and Restated Aircraft Lease in the form attached hereto as Exhibit A (the “Aircraft Lease”) with SDD Holdings, Inc., an Affiliate of Executive, which shall become effective on the Commencement Date and the Company and Executive shall keep in force during the Employment Term.

Aircraft Lease. 58 ARTICLE VII

Aircraft Lease. 26 (8) Indebtedness of Shareholders, Directors etc...........26 (9) Resignations..........................................25 (10) Life Insurance........................................26 (11) Evidence..............................................26 (12) Corporate Action......................................26 (13) Approvals, Consents, etc..............................27 (14) Approval of Counsel and Opinions......................27 Section 8 --NON-COMPETITION AND EMPLOYMENT AGREEMENT..........................27

Aircraft Lease. This AIRCRAFT LEASE (together with all Supplements, Exhibits, Riders and Addenda hereto, the "Lease") is made and entered into as of October ___, 2002 by and between VERDE CAPITAL CORPORATION, an Arizona corporation ("Lessor"), with a place of business at 4▇▇▇ ▇. ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇ ▇, ▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇, and DRIVETIME CREDIT CORPORATION, an Arizona corporation ("Lessee"), having its principal place of business and chief executive office at 4▇▇▇ ▇. ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇. Certain capitalized terms as used in this Lease are defined in Exhibit A hereto, and such definitions are hereby incorporated herein and made a part hereof as though set forth herein in full.

Aircraft Lease. Notwithstanding anything herein to the contrary, from and after the date hereof until the Closing, the Company shall use commercially reasonable efforts to terminate the lease (and dispose) of the corporate aircraft currently leased by one of the Company's Subsidiaries, together with all agreements and arrangements relating to the storage, operation and maintenance of such aircraft; provided that such termination shall be on terms reasonably acceptable to Purchaser and shall not impose any continuing obligation on the Company or its Subsidiaries following such termination unless Purchaser shall have consented thereto in writing.

Aircraft Lease. This Agreement is subject and subordinate to the Aircraft Lease, and, in the event of any termination of the Aircraft Lease, this Agreement shall also terminate in all respects except for those obligations that expressly survive the expiration or earlier termination of this Agreement. ▇▇▇▇▇▇ also agrees not to do or cause anything to be done that would result in a default under the Aircraft Lease or cause the Aircraft Lease to be terminated or forfeited. Lessee shall not have the right to exercise any of Lessor’s rights, options, elections or concessions specifically granted, permitted, or authorized to Lessor in its capacity as Lessee under the Aircraft Lease, or to institute any action or proceeding against Lender for the enforcement of the Aircraft Lease.