Common use of Lessor Obligations Following Expiry Date Clause in Contracts

Lessor Obligations Following Expiry Date. Within * Business Days of:- (a) redelivery of the Aircraft to Lessor in accordance with and in the condition required by this Agreement; or (b) payment to Lessor of the Agreed Value following an Event of Loss after the Delivery Date; or in each case such later time as Lessor is reasonably satisfied Lessee has irrevocably paid to Lessor all amounts which may then be outstanding or become payable under this Agreement, the other Operative Documents to which Lessee is a party or the Related Agreements and Lessee, Lessor will pay to Lessee:- (i) the balance of the Deposit if paid in cash or cancel and return the Letter of Credit, as applicable; and (ii) the amount of any Rent received in respect of any period falling after the date of redelivery of the Aircraft or payment of the Agreed Value, as the case may be; and shall return to Lessee the warrant certificate, if not previously exercised, representing the Warrant.