LESSOR'S GENERAL RIGHTS. Upon the occurrence of any Event of Default, LESSOR may do all or any of the following at its option (in addition to such other rights and remedies which LESSOR may have by statute or otherwise but subject to any requirements of applicable Law):
(a) terminate this Lease by giving written notice to LESSEE;
(b) require that LESSEE immediately move the Aircraft to an airport or other location designated by LESSOR;
(c) for LESSEE's account, do anything that may reasonably be required to cure any default and recover from LESSEE all reasonable costs, including legal fees and expenses incurred in doing so and Default Interest;
(d) proceed as appropriate to enforce performance of this Lease and to recover any damages for the breach hereof, including the amounts specified in Article 25.5;
(e) terminate this Lease by taking possession of the Aircraft or by serving notice requiring LESSEE to return the Aircraft to LESSOR at the location specified by LESSOR. If LESSOR takes possession of the Aircraft, it may enter upon LESSEE's premises where the Aircraft is located without liability. Upon repossession of the Aircraft, LESSOR will then be entitled to sell, lease or otherwise deal with the Aircraft as if this Lease had never been made. LESSOR will be entitled to the full benefit of its bargain with LESSEE; or
(f) apply all or any portion of the Security Deposit and any other security deposits held by LESSOR pursuant to any other agreements between LESSOR and LESSEE to any amounts due.
LESSOR'S GENERAL RIGHTS. Upon the occurrence of any Event of Default, LESSOR may do all or any of the following at its option (in addition to such other rights and remedies which LESSOR may have by statute or otherwise):
(a) if such Event of Default occurs prior to Delivery, and by written notice to LESSEE, terminate LESSEE's right to lease the Aircraft and terminate LESSOR's obligations hereunder (but without prejudice to the indemnity obligations and any continuing obligations of LESSEE under this Lease and any other Operative Document, including the obligations set forth in Article 16 and Article 17);
(b) by written notice to LESSEE, terminate the leasing of the Aircraft whereupon (as LESSEE hereby acknowledges and agrees) all rights of LESSEE to possess and operate the Aircraft will immediately cease and terminate and in which case LESSEE's obligations under this Lease will continue in full force and effect (including the obligations set forth in Article 10.5, Article 16, Article 17 and Article 18); provided, however, that upon the occurrence of an Event of Default under any of Articles 25.2(m), 25.2(n) or 25.2(o), such termination will occur automatically and with immediate effect without any notice or further action from LESSOR;
(c) by written notice to LESSEE, require that LESSEE immediately cease operating the Aircraft and leave it parked in its then current location, in which case LESSEE's obligations under this Lease will continue in full force and effect (including the obligations set forth in Article 10.5, Article 16, Article 17 and Article 18);
(d) by written notice to LESSEE, require that LESSEE immediately move the Aircraft to an airport or other location designated by LESSOR and park the Aircraft there, in which case LESSEE's obligations under this Lease will continue in full force and effect (including the obligations set forth in Article 10.5, Article 16, Article 17 and Article 18);
(e) enter upon the premises where the Airframe, the APU or any or all Engines or any or all Parts or Aircraft Documents are (or are believed to be) located without liability and take immediate possession of and remove them or cause the Aircraft to be returned to LESSOR at the location specified in Article 23.3 (or such other location within Canada or the United States as LESSOR may require) or, by serving notice require LESSEE to return the Aircraft to LESSOR at the location specified in Article 23.3 (or such other location within Canada or the United States as LESSOR may require) and...
LESSOR'S GENERAL RIGHTS. Upon the occurrence of any Event of Default, LESSOR may do all or any of the following at its option (in addition to such other rights and remedies which LESSOR may have by statute or otherwise but subject to any requirements of applicable Law):
(a) terminate this Lease by giving written notice to LESSEE;
(b) terminate the rights of LESSEE to use or operate the Aircraft by giving written notice to LESSEE, in which case LESSEE’s obligations under this Lease will continue (including the obligations set forth in Articles 17 and 18);
(c) require that LESSEE immediately cease flying the Aircraft and leave it parked in its then-current location by giving written notice to LESSEE, in which case LESSEE’s obligations under this Lease will continue (including the obligations set forth in Articles 17 and 18);
(d) require that LESSEE immediately move the Aircraft to an airport or other location designated by LESSOR and park the Aircraft there by giving written notice to LESSEE, in which case LESSEE’s obligations under this Lease will continue (including the obligations set forth in Articles 17 and 18); ***** Confidential portions of the material have been omitted and filed separately with the Securities and Exchange Commission.
LESSOR'S GENERAL RIGHTS. Upon the occurrence and continuance of any Event of Default, LESSOR may do all or any of the following at its option (in addition to such other rights and remedies which LESSOR may have by statute or otherwise but subject to any requirements of applicable Law):
LESSOR'S GENERAL RIGHTS. Upon the occurrence of any Event of Default, all rights of Lessee hereunder will 16 immediately cease and terminate and Lessor may do all or any of the following at its option (in addition to such other rights and remedies which Lessor may have, but subject to any requirements of applicable law):
(a) For Lessee's account, do anything that may reasonably be required to cure any Event of Default or recover from Lessee all reasonable costs, including legal fees and expenses incurred in doing so and interest at the Late Payment Rate;
(b) Proceed by appropriate court action or actions to enforce performance of the Lease and to recover any damages for the breach hereof, including the amounts specified in Section 17.2; and,
(c) Terminate the Lease by taking possession of the Aircraft or by serving notice requiring Lessee to return the Aircraft to Lessor at any location specified by Lessor. If Lessor takes possession of the Aircraft, it may enter upon Lessee's premises where the Aircraft is located without liability. Upon repossession of the Aircraft, Lessor will then be entitled to sell, lease, keep idle or otherwise deal with the Aircraft as if this Lease had never been made.
LESSOR'S GENERAL RIGHTS. 7.1 Lessor’s right to inspect and show premises
(a) to inspect them to ascertain their repair, condition and value or to determine if the Lessee is in breach,
(b) to show them to prospective purchasers of the Land or the Complex,
(c) to show them to prospective tenants during the last year of the Term (unless the Lessee is then entitled to a lease of the Premises for a further term) and during any holding over,
(d) to inspect them for the purpose of carrying out environmental audits, and
(e) to inspect them for the purpose of carrying out investigations in relation to possible Contamination. In having access to the Premises under this clause 7.1 the Lessor must not interfere with the Lessee’s use of the Premises more than is reasonably necessary in the circumstances. The obligation in this clause 7.1(a) for the Lessor to be accompanied by a representative of the Lessee does not apply in the case of an emergency or where the Lessee’s representative is not available at the appointed time.
