Common use of Acceptance of Delivery Clause in Contracts

Acceptance of Delivery. Lessee's execution of the Acceptance Certificate shall constitute Lessee's acknowledgment and agreement that, as between Lessor and Lessee, the Aircraft has been inspected to Lessee's satisfaction, and that Lessee has unconditionally accepted the Aircraft for lease hereunder. Concurrently with the execution of the Acceptance Certificate, Lessee shall also execute and deliver to Lessor the Lease Supplement, Dated the Delivery Date, and Lessor shall also execute such Lease Supplement. Execution of the Lease Supplement by Lessee and Lessor shall evidence that the Aircraft has been leased hereunder upon and subject to all of the terms, conditions, and provisions hereof. Without limiting or diminishing the disclaimers set forth in section 3.4, Lessee's failure to notify Lessor of any defect or discrepancy shall not establish or evidence the absence thereof insofar as the manufacturer or any supplier is concerned.

Appears in 2 contracts

Samples: Aircraft Lease Agreement (Republic Airways Holdings Inc), Aircraft Lease Agreement (Republic Airways Holdings Inc)

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Acceptance of Delivery. Lessee's execution of the Acceptance Certificate shall constitute Lessee's acknowledgment and agreement that, as between Lessor and Lessee, the Aircraft has been inspected to Lessee's satisfaction, and that Lessee has unconditionally accepted the Aircraft for lease hereunder. Concurrently with the execution of the Acceptance Certificate, Lessee shall also execute and deliver to Lessor the Lease Supplement, Dated dated the Delivery Date, and Lessor shall also execute such Lease Supplement. Execution of the Lease Supplement by Lessee and Lessor shall evidence that the Aircraft has been leased hereunder upon and subject to all of the terms, conditions, and provisions hereof. Without limiting or diminishing the disclaimers set forth in section Section 3.4, Lessee's failure to notify Lessor of or any defect or discrepancy shall not establish or evidence the absence thereof insofar as the manufacturer Manufacturer or any supplier is concerned.

Appears in 2 contracts

Samples: Aircraft Lease Agreement (Republic Airways Holdings Inc), Aircraft Lease Agreement (Republic Airways Holdings Inc)

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