Common use of LESSEE ACCEPTANCE OF AIRCRAFT Clause in Contracts

LESSEE ACCEPTANCE OF AIRCRAFT. If LESSEE fails to (a) comply with the conditions contained in Articles 7.1 and 7.2 so as to allow Delivery to take place immediately following redelivery of the Aircraft by Prior Lessee to LESSOR or (b) take delivery of the Aircraft when properly tendered for delivery by LESSOR in the condition required hereunder, LESSEE will indemnify LESSOR for all costs and expenses incurred by LESSOR as a result thereof.

Appears in 2 contracts

Samples: Credit Agreement (International Lease Finance Corp), Credit Agreement (International Lease Finance Corp)

AutoNDA by SimpleDocs

LESSEE ACCEPTANCE OF AIRCRAFT. If LESSEE fails to (a) comply with the conditions contained in Articles 7.1 and 7.2 7.3 so as to allow Delivery to take place immediately following redelivery delivery of the Aircraft by Prior Lessee Manufacturer to LESSOR or (b) take delivery of the Aircraft when properly tendered for delivery by LESSOR in the condition required hereunder, LESSEE will indemnify LESSOR for all costs and expenses incurred by LESSOR as a result thereofthereof including (but without limitation) any payments other than the purchase price which LESSOR becomes obliged to make to Manufacturer.

Appears in 1 contract

Samples: Aircraft Lease Agreement (Frontier Airlines Inc /Co/)

AutoNDA by SimpleDocs

LESSEE ACCEPTANCE OF AIRCRAFT. If LESSEE fails to (a) comply with the conditions contained in Articles 7.1 6.1 and 7.2 6.2 so as to allow prohibit Delivery to take from taking place immediately following redelivery of the Aircraft by Prior Lessee to LESSOR or (b) take delivery of the Aircraft when properly tendered for delivery by LESSOR in the condition required hereunder, LESSEE will indemnify LESSOR for all costs and expenses incurred by LESSOR as a result thereofthereof [Redacted].

Appears in 1 contract

Samples: Aircraft Lease Agreement (Hawaiian Airlines Inc/Hi)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!