Common use of Lessee’s Remedy and Lessor’s Obligation Clause in Contracts

Lessee’s Remedy and Lessor’s Obligation. The Lessee’s remedy and the Lessor’s obligation and liability under this Article 3.1.3 are limited to the repair or correction of any Leased Part in which a defect appears, or, as may be mutually agreed, the replacement of such Leased Part with a similar part free from defect. Any replacement part furnished under this Article 3.1.3.3 shall be deemed to be the Leased Part so replaced.

Appears in 3 contracts

Samples: Letter Agreement (Avianca Holdings S.A.), Letter Agreement (Avianca Holdings S.A.), Letter Agreement (Avianca Holdings S.A.)

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Lessee’s Remedy and Lessor’s Obligation. The Lessee’s 's remedy and the Lessor’s 's obligation and liability under this Article 3.1.3 are limited to the repair or correction of any Leased Part in which a defect appears, or, as may be mutually agreed, the replacement of such Leased Part with a similar part free from defect. Any replacement part furnished under this Article 3.1.3.3 shall be deemed to be the Leased Part so replaced.

Appears in 1 contract

Samples: Letter Agreement (China Southern Airlines Co LTD)

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