Common use of DELIVERY AND RETURN Clause in Contracts

DELIVERY AND RETURN. This Agreement contemplates use of the Aircraft by Lessee for one or more Lease Periods. For Lessee’s use, the Aircraft shall be delivered to Lessee on a mutually agreed date or dates at the Operating Base, or other mutually agreed location, "AS IS," "WHERE IS," AND SUBJECT TO EACH AND EVERY DISCLAIMER OF WARRANTY AND REPRESENTATION AS SET FORTH IN SECTION 4 HEREOF. Lessor shall not be liable for delay or failure to furnish the Aircraft pursuant to this Agreement, and Lessee shall not be liable for delay or failure to return the Aircraft at the end of any Lease Period pursuant to this Agreement, when such failure or delay is caused by an Excused Cause. Lessee shall return the Aircraft to Lessor at the Operating Base, or other mutually agreed location, according to the Lessee’s scheduled return date under Section 3.2.

Appears in 3 contracts

Samples: Exclusive Aircraft Lease Agreement, Non Exclusive Aircraft Lease Agreement (Laredo Petroleum, Inc.), Non Exclusive Aircraft Lease Agreement (Laredo Petroleum, Inc.)

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DELIVERY AND RETURN. This Agreement contemplates use of the Aircraft by Lessee for one or more Lease Periods. For Lessee’s 's use, the Aircraft shall be delivered to Lessee on a mutually agreed date or dates at the Operating Base, or other mutually agreed location, "AS IS," "WHERE IS," AND SUBJECT TO EACH AND EVERY DISCLAIMER OF WARRANTY AND REPRESENTATION AS SET FORTH IN SECTION 4 HEREOF. Lessor shall not be liable for delay or failure to furnish the Aircraft pursuant to this Agreement, and Lessee shall not be liable for delay or failure to return the Aircraft at the end of any Lease Period pursuant to this Agreement, when such failure or delay is caused by an Excused Cause. Lessee shall return the Aircraft to Lessor at the Operating Base, or other mutually agreed location, according to the Lessee’s 's scheduled return date under Section 3.2.

Appears in 1 contract

Samples: Non Exclusive Aircraft Lease Agreement (Laredo Petroleum Holdings, Inc.)

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