Common use of AIRCRAFT STORAGE Clause in Contracts

AIRCRAFT STORAGE. During the period of 90 days after the Expiry Date, Lessor shall have the right to require Lessee to maintain, store and insure the Aircraft at a location having a facility capable of performing required maintenance of the Aircraft (to be nominated by Lessor). Any maintenance, storage or insurance cost actually incurred in connection with the foregoing and which is in excess of the costs payable by Lessee in meeting its obligations under this Agreement, shall be payable by Lessor at Lessee's direct cost without "mark-xx". Prior to the Expiry Date, Lessor shall advise Lessee as to whether Lessor requires Lessee to provide the services contemplated by this Clause 12.8.

AIRCRAFT STORAGE. During the period of 90 thirty (30) days after the Expiry Expiration Date, Lessor shall have the right to require Lessee to maintain, store and insure the Aircraft at a location having a facility capable of performing required maintenance of the Aircraft (to be nominated mutually agreed by Lessor and Lessee), at Lessor)'s sole cost and expense as provided below. Any maintenance, storage maintenance or insurance cost actually incurred or paid by Lessee to any third party vendor in connection with the foregoing and which is in excess of the costs payable by Lessee in meeting its obligations under this Agreement, shall be payable by Lessor at Lessee's direct cost without "markxxxx-xxup". Prior No later than thirty (30) days prior to the Expiry Expiration Date, Lessor shall advise Lessee as to whether Lessor requires Lessee to provide the services contemplated by this Clause Section 12.8.