Common use of Lease of the Aircraft Clause in Contracts

Lease of the Aircraft. Commencing on the Delivery Date, Lessor shall lease the Aircraft to Lessee, and Lessee shall lease the Aircraft from Lessor, for the Term, and Lessee shall return the Aircraft to Lessor on the Expiration Date (or upon the earlier Termination of this Agreement as provided herein), upon and subject to the terms and conditions of this Agreement.

Appears in 5 contracts

Samples: Air Transportation Services Agreement (Air Transport Services Group, Inc.), Air Transportation Services Agreement (Air Transport Services Group, Inc.), Lease Assumption and Option Agreement (Air Transport Services Group, Inc.)

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Lease of the Aircraft. Commencing on On the Delivery Date, Lessor shall lease the Aircraft to Lessee, Lessee and Lessee shall lease the Aircraft from Lessor, for Lessor during the Term, Term and Lessee shall return the Aircraft to Lessor it on the Expiration Date (or upon the earlier Termination of this Agreement as provided herein), upon and subject to the terms and conditions of this Agreement. At all times during the Term, full legal title to the Aircraft (including the Aircraft Documents) shall remain vested in Lessor to the exclusion of Lessee, notwithstanding the delivery thereof to, and the use by, Lessee.

Appears in 2 contracts

Samples: Aircraft Lease Agreement (Republic Airways Holdings Inc), Aircraft Lease Agreement (Republic Airways Holdings Inc)

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Lease of the Aircraft. Commencing on As of the Delivery Date, Lessor shall will lease the Aircraft to Lessee, and Lessee shall will lease the Aircraft from Lessor, for the Term, and Lessee shall will return the Aircraft to Lessor, and Lessor will accept the Aircraft from Lessee on the Expiration Date (or upon the an earlier Termination of this Agreement as provided hereinDate, if applicable), upon and subject to the terms and conditions of this Agreement.

Appears in 1 contract

Samples: Air Transportation Services Agreement (Air Transport Services Group, Inc.)

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