Common use of General Default Clause in Contracts

General Default. The Lessee fails to duly observe or perform any of its other obligations under this Lease and such failure shall not have been remedied within a period of ten (10) Business Days after delivery of written notice specifying the same from Lessor, including without limitation failure to maintain the Aircraft as required by this Lease or the Aviation Authority or failure to protect or preserve Lessor's title to the Aircraft and, if applicable, the Lien of any Lender thereon; or

Appears in 3 contracts

Samples: Aircraft Lease Agreement (American Income Partners v a LTD Partnership), Aircraft Lease Agreement (American Income Fund I-A), Aircraft Lease Agreement (Airfund Ii International Limited Partnership)

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General Default. The Lessee fails to duly observe or perform any of its other obligations under this Lease and such failure shall not have been remedied within a period of ten twenty (1020) Business Days calendar days after delivery of written notice specifying the same from Lessor, including without limitation failure to maintain the Aircraft as required by this Lease or the Aviation Authority or failure to protect or preserve Lessor's title to the Aircraft and, if applicable, the Lien of any Lender thereonAircraft; or

Appears in 2 contracts

Samples: Aircraft Lease Agreement (Turn Works Acquisition Iii Sub a Inc), Aircraft Lease Agreement (Turn Works Acquisition Iii Sub a Inc)

General Default. The Lessee fails to duly observe or perform any of --------------- its other obligations under this Lease and such failure shall not have been remedied within a period of ten thirty (1030) Business Days calendar days after delivery of written notice specifying the same from Lessor, including without limitation failure to maintain the Aircraft as required by this Lease or the Aviation Authority or failure to protect or preserve Lessor's title to the Aircraft and, if applicable, the Lien of any Lender thereon; or

Appears in 1 contract

Samples: Guaranty Agreement (American Income Partners v B LTD Partnership)

General Default. The Lessee fails to duly observe or perform any of its other obligations under this Lease and such failure shall not have been remedied within a period of ten thirty (1030) Business Days calendar days after delivery of written notice specifying the same from Lessor, including without limitation failure to maintain the Aircraft as required by this Lease or the Aviation Authority or failure to protect or preserve Lessor's title to the Aircraft and, if applicable, the Lien of any Lender thereon; or

Appears in 1 contract

Samples: Aircraft Lease Agreement (American Income Partners v a LTD Partnership)

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General Default. The Lessee fails to duly observe or perform any of its other obligations under this Lease and such failure shall not have been remedied within a period of ten (10) Business Days calendar days after delivery of written notice specifying the same from Lessor, including without limitation failure to maintain the Aircraft Engine as required by this Lease or the Aviation Authority FAA or failure to protect or preserve Lessor's title to the Aircraft and, if applicable, the Lien of any Lender thereonEngine; or

Appears in 1 contract

Samples: Engine Lease Agreement (American Income Partners v D LTD Partnership)

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