Corrections and Subsequent Corrections Sample Clauses
Corrections and Subsequent Corrections. To the extent that the Aircraft or any Engine fails upon a Return Occasion to conform to any requirement imposed by this Lease Lessor may, at its option, (i) continue the Lease in effect in the manner provided for in Section 16(f) above with regard to automatic extension until such time as such Aircraft is brought up to the condition required by this Section 16, including Exhibit E, or (ii) accept the return of such Aircraft and thereafter have any such nonconformance corrected, at such time as Lessor may deem appropriate but not to commence later than ninety (90) days following the return of such Aircraft, at commercial rates then charged by the Person selected by Lessor to perform such correction. Lessee's obligations to pay such Supplemental Rent shall survive the Expiration Date or other termination of this Lease. Nothing set forth in this paragraph shall constitute a limitation on Lessor's or Owner Participant's ability to recover from Lessee any damages, expenses or losses pursuant to Sections 13 or 18 hereof suffered as a result of Lessee's failure to effect the return of the Aircraft at the time, in the place and in the condition as specified in this Section 16 and Exhibit E hereto.
Corrections and Subsequent Corrections. To the extent that the Aircraft or any Engine fails upon a Return Occasion to conform to any requirement imposed by this Lease Lessor may, at its option, (i) continue the Lease in effect in the manner provided for in Section 16(f) above with regard to automatic extension until such time as such Aircraft is brought up to the condition required by this Section 16, including Exhibit E, or (ii) accept the return of such Aircraft and thereafter have any such nonconformance corrected, at such time as Lessor may deem appropriate but not to commence later than ninety (90) days following the return of such Aircraft, at commercial rates then charged by the Person selected by Lessor to perform such correction. The Letter of Credit shall not be released and any costs and expenses (including, materials and labor) incurred by Lessor for such correction shall be indemnified by Lessee in favor of Lessor (and prior to the end of the Term, Lessee shall make adequate provision to Lessor's satisfaction in respect of such indemnity) and shall become Supplemental Rent payable by Lessee within ten (10) days following the submission of a written statement by Lessor to Lessee, 97 identifying the items corrected and setting forth the expense of such correction. Lessee's obligations to pay such Supplemental Rent shall survive the Expiration Date or other termination of this Lease.
Corrections and Subsequent Corrections. If the Aircraft or any Engine fails upon the Return Occasion to conform to any requirement imposed by this Lease, Lessor, at its option, may continue the Lease in effect in the manner provided for in Section 12(c) above with regard to automatic extension until such time as the Aircraft is brought up to the condition required by this Lease, or accept the return of the Aircraft and thereafter have any such nonconformance corrected. Any expense incurred by Lessor for such correction shall become Supplemental Rent payable by Lessee upon demand. Lessee's obligations to pay such Supplemental Rent shall survive the passage of the Expiration Date or other termination of this Lease.
Corrections and Subsequent Corrections. In the event that the Aircraft or any Engine fails upon the Return Occasion to conform to the return condition requirements imposed by this Lease and particularly Section 16 or Exhibit E, Lessor may (i) continue the obligations of the Lessee under the Lease in effect in the manner provided for in Section 16(a) above until such condition or requirement is met or (ii) accept the return of the Aircraft and thereafter have any such nonconformance corrected or requirement met, at such time as Lessor may deem appropriate the actual and commercially reasonable and customary charges then charged by the Person selected by Lessor to perform such correction. Any direct expense incurred by Lessor for such correction shall become Supplemental Rent payable by Lessee within thirty (30) days following the submission of a written statement by Lessor to Lessee, identifying the items corrected and setting forth the expense of such correction. Lessee's obligations to pay such Supplemental Rent shall survive the passage of the Expiration Date or other termination of this Lease.
Corrections and Subsequent Corrections. To the extent that the Aircraft or any Engine fails upon the Return Occasion to conform to any requirement imposed by this Lease and particularly Section 16(f), Lessor, at its sole option, may continue the Lease in effect in the manner provided for in Section 16(f) above with regard to automatic extension until such time as the Aircraft (other than the Hush Kits) is brought up to the condition required by Section 16(f) above; or Lessor may accept the return of
Corrections and Subsequent Corrections. To the extent that the Aircraft or any Engine fails upon a Return Occasion to conform to any requirement imposed by this Lease Lessor may, at its option, (i) continue the Lease in effect in the manner provided for in Section 16(f) above with regard to automatic extension until such time as such Aircraft is brought up to the condition required by this Section 16, including Exhibit E, or (ii) accept the return of such Aircraft and thereafter have any such nonconformance corrected, at such time as Lessor may deem appropriate but not to commence later than ninety (90) days following the return of such Aircraft, at commercial rates then charged by the Person selected by Lessor to perform such correction. The Letter of Credit shall not be released and any costs and expenses (including, materials and labor) incurred by Lessor for such correction shall be indemnified by Lessee in favor of Lessor (and prior to the end of the Term, Lessee shall
Corrections and Subsequent Corrections. To the extent that the Aircraft or any Engine fails upon the Return Occasion to conform to any requirement imposed by this Lease and particularly Section 16(f), Lessor, at its sole option, may continue the Lease in effect in the manner provided for in Section 16(f) above with regard to automatic extension until such time as the Aircraft is brought up to the condition required by Section 16(f) above; or Lessor may accept the return of the Aircraft and thereafter have any such nonconformance corrected at such time as Lessor may deem appropriate but not to occur later than sixty (60) days following the return of the Aircraft, at commercial rates then charged by the Person selected by Lessor to perform such correction and Rent shall continue as set forth in Section 16(f) above for the number of days required to perform such correction. Any direct expense incurred by Lessor for such correction shall become Supplemental Rent payable by Lessee within thirty (30) days following the submission of a written statement by Lessor to Lessee, identifying the items corrected and setting forth the expense of such correction. Lessee's obligation to pay such Supplemental Rent shall survive the passage of the Expiration Date or other termination of this Lease.
Corrections and Subsequent Corrections. To the extent that the Aircraft or any Engine fails upon a Return Occasion to conform to any requirement imposed by this Lease Lessor may, at its option, (i) continue the Lease in effect in the manner provided for in Section 16(f) above with regard to automatic extension until such time as such Aircraft is brought up to the condition required by this Section 16, including Exhibit E, or (ii) accept the return of such Aircraft and thereafter have any such nonconformance corrected, at such time as Lessor may deem appropriate but not to commence later than ninety (90) days following the return of such Aircraft, at commercial rates then charged by the Person selected by Lessor to perform such correction. The Letter of Credit shall not be released and any costs and expenses (including, materials and labor) incurred by Lessor
Corrections and Subsequent Corrections. 94 (i) Functional Flight Check.......................... 94 (j) Export Certificate of Airworthiness.............. 95 (k) Service Bulletin and Modification Kits........... 95 (l) Storage Upon Return.............................. 95 (m) Resale/Release Cooperation....................... 96 Section 17. Events of Default......................................... 96 Section 18. Remedies.................................................. 98