Common use of Default Payments Clause in Contracts

Default Payments. Sublessee shall be liable for: (i) any and all unpaid Rent due hereunder before or after any termination hereof; (ii) any and all unpaid Supplemental Rent due hereunder before or after any termination hereof; (iii) all costs and expenses (including attorney's fees and disbursements) incurred by Sublessor in connection with or as a result of any Event of Default or exercise of remedies hereunder, including, but not limited to, (i) all costs and expenses incurred in connection with recovering possession of the Aircraft and in carrying out any works or modifications required to place the Aircraft in the condition specified in Clause 23.1 and remarketing the Aircraft, (ii) interest at the Default Rate on any amount not paid when due under this Agreement and (iii) an amount sufficient to fully compensate Sublessor for any loss of or damage to Sublessor's residual interest in the Aircraft. All costs and expenses referred to in the preceding sentence shall be payable by Sublessee upon demand by Sublessor unless otherwise specified in this Agreement. All such obligations shall survive any termination of this Agreement or the leasing of the Aircraft or any portion thereof hereunder.

Default Payments. Sublessee Lessee shall be liable for: (i) any and all unpaid Rent due hereunder before or after any termination hereof; (ii) any and all unpaid Supplemental Rent due hereunder before or after any termination hereof; (iii) all costs and expenses (including attorney's fees and disbursements) incurred by Sublessor Lessor in connection with or as a result of any Event of Default or exercise of remedies hereunder, including, but not limited to, (i) all costs and expenses incurred in connection with recovering possession of the Aircraft and in carrying out any works or modifications required to place the Aircraft in the condition specified in Clause 23.1 and remarketing the Aircraft, (ii) interest at the Default Rate on any amount not paid when due under this Agreement and (iii) an amount sufficient to fully compensate Sublessor Lessor for any loss of or damage to SublessorLessor's residual interest in the Aircraft. All costs and expenses referred to in the preceding sentence shall be payable by Sublessee Lessee upon demand by Sublessor Lessor unless otherwise specified in this Agreement. All such obligations shall survive any termination of this Agreement or the leasing of the Aircraft or any portion thereof hereunder.