Obligations Continue Until Return Sample Clauses

Obligations Continue Until Return. If Lessee shall, for any reason, fail to return the Aircraft at the time specified herein, all obligations of Lessee under this Lease shall continue in effect with respect to the Aircraft until the Aircraft is returned to Lessor and Lessee shall pay to Lessor an amount equal to the average daily Basic Rent payable by Lessee during the Term for each day after the end of the Term to but excluding the day of such return; provided, however, that Lessee shall not be responsible for Lessor's failure to accept return of the Aircraft in accordance with this Section 5 in a timely manner or for any Rent with respect to periods after Lessee has tendered the Aircraft for return in accordance with this Lease. Any Rent owed to Lessor pursuant to this Section 5(d) shall be payable upon acceptance of the Aircraft by Lessor or on the last day of each calendar month following the last day of the Term if the Aircraft has not been accepted earlier.
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Obligations Continue Until Return. If Lessee shall fail to return the Aircraft at the time and in the condition specified herein, the Term of this Lease shall be deemed to have been automatically extended (unless Lessor has terminated this Lease pursuant to SECTION 15(e) hereof) and all obligations of Lessee under this Lease shall continue in effect with respect to the Aircraft until the Aircraft is so returned to Lessor and Lessee shall pay to Lessor an amount equal to the Per Diem Rent for each day after the end of the Term to, but excluding, the day of such return; PROVIDED, HOWEVER, that Lessee shall not be responsible for Lessor's failure to accept return of the Aircraft in accordance with this SECTION 5 in a timely manner or for any Rent with respect to periods after Lessee has tendered the Aircraft for return in accordance with this Lease. Any Rent owed to Lessor pursuant to this SECTION 5(d) shall be payable upon acceptance of the Aircraft by Lessor. The provisions of this SECTION 5(d) shall not limit any remedy the Lessor would otherwise have for breach of SECTION 5(a).
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Obligations Continue Until Return. If Sublessee shall fail to return the Aircraft at the time and in the condition specified herein, the Term of this Sublease shall be deemed to have been automatically extended (unless Sublessor has terminated this Sublease pursuant to SECTION 15(e) hereof) and all obligations of Sublessee under this Sublease shall continue in effect with respect to the Aircraft until the Aircraft is so returned to Sublessor and Sublessee shall pay to Sublessor an amount equal to the higher of fair market rental value and 100% of the average daily Basic Rent payable by Sublessee during the Term for each day after the end of the Term to, but excluding, the day of such return; PROVIDED, HOWEVER, that Sublessee shall not be responsible for Sublessor's failure to accept return of the Aircraft in accordance with this SECTION 5 in a timely manner or for any Rent with respect to periods after Sublessee has tendered the Aircraft for return in accordance with this Sublease. Any Rent owed to Sublessor pursuant to this SECTION 5(d) shall be payable upon acceptance of the Aircraft by Sublessor. The provisions of this SECTION 5(d) shall not limit any remedy the Sublessor would otherwise have for breach of SECTION 5(a).
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Obligations Continue Until Return. If Sublessee shall, for any reason, fail to return any Item of Equipment at the time and in the condition specified herein, all obligations of Sublessee under this Sublease shall continue in effect with respect to such Item of Equipment until such Item of Equipment is so returned to Sublessor and Sublessee shall pay to Sublessor an amount equal to [*] for such Item of Equipment [*] for such Item of Equipment to but excluding [*]; provided, however, that Sublessee shall not be responsible for Sublessor’s failure to accept return of such Item of Equipment in accordance with this Section 5 in a timely manner or for any Rent with respect to periods after Sublessee has tendered such Item of Equipment for return in accordance with this Sublease. Any Rent owed to Sublessor pursuant to this Section 5(d) shall be payable upon acceptance of such Item of Equipment by Sublessor or on the last day of each calendar month following the last day of the Term for such Item of Equipment if such Item of Equipment has not been accepted earlier.
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Obligations Continue Until Return. If Sublessee shall, for any reason, fail to return any Item of Equipment at the time and in the condition specified herein, all obligations of Sublessee under this Sublease shall continue in effect with respect to such Item of Equipment until such Item of Equipment is so returned to Sublessor and Sublessee shall pay to Sublessor an amount equal to [*] for such Item of Equipment [*] for such Item of Equipment to but excluding [*]; provided, however, that Sublessee shall not be responsible for Sublessor’s failure to accept return of such Item of Equipment in accordance with this Section 5 in a timely manner or for any Rent with respect to periods after Sublessee has tendered such Item of Equipment for return in accordance 8 with this Sublease. Any Rent owed to Sublessor pursuant to this Section 5(d) shall be payable upon acceptance of such Item of Equipment by Sublessor or on the last day of each calendar month following the last day of the Term for such Item of Equipment if such Item of Equipment has not been accepted earlier. 9 Section 6. Liens. Sublessee will not directly or indirectly create, incur, assume or suffer to exist any Lien on or with respect to any Item of Equipment, title thereto or any interest therein or in this Sublease (or any Permitted Sublease), except (i) the rights of Head Lessor as owner of the Equipment, the rights of Sublessor as lessee under the Head Lease, the respective rights of Sublessor and Sublessee as provided herein, the rights of any Permitted Sublessee under a Permitted Sublease and any other rights of any Person existing pursuant to the Sublease Operative Documents, (ii) the rights of others under agreements or arrangements to the extent permitted by the terms of Sections 7(b) and 8(b) hereof, (iii) Sublessor Liens, (iv) Head Lessor Liens, (v) Liens for Taxes of Sublessee (or any Permitted Sublessee) either not yet due or being contested in good faith by appropriate proceedings so long as such proceedings do not involve any material danger of the sale, forfeiture or loss of any Airframe, Engine, Propeller or Spare Engine or any interest of the Sublessor, Head Lessor or Owner Participant therein, any risk of any material civil liability or any risk of criminal liability on the part of Sublessor, Head Lessor, the Trustee or the Owner Participant so long as Sublessee has maintained adequate reserves, (v) materialmen’s, mechanics’, workmen’s, repairmen’s, employees’ or other like Liens arising in the ordinary course of Subl...
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Related to Obligations Continue Until Return

  • Obligations Continuing The obligations of each Guarantor hereunder shall be continuing and shall remain in full force and effect until all the obligations have been paid and satisfied in full. Each Guarantor agrees with the Trustee that it will from time to time deliver to the Trustee suitable acknowledgments of this continued liability hereunder and under any other instrument or instruments in such form as counsel to the Trustee may advise and as will prevent any action brought against it in respect of any default hereunder being barred by any statute of limitations now or hereafter in force and, in the event of the failure of a Guarantor so to do, it hereby irrevocably appoints the Trustee the attorney and agent of such Guarantor to make, execute and deliver such written acknowledgment or acknowledgments or other instruments as may from time to time become necessary or advisable, in the judgment of the Trustee on the advice of counsel, to fully maintain and keep in force the liability of such Guarantor hereunder.

  • Payment obligations continue No Debtor shall be released from the liability to make any Payment (including of default interest, which shall continue to accrue) under any Debt Document by the operation of Clauses 8.1 (

  • Certain Obligations Continue During the Marketing Period, the obligation of Lessee to pay Rent with respect to the Properties (including without limitation the installment of Basic Rent due on the Expiration Date) shall continue undiminished until payment in full to Lessor of the sale proceeds, if any, the Maximum Residual Guarantee Amount, the amount due under Section 22.3, if any, and all other amounts due to Lessor or any other Person with respect to all Properties or any Operative Agreement. Lessor shall have the right, but shall be under no duty, to solicit bids, to inquire into the efforts of Lessee to obtain bids or otherwise to take action in connection with any such sale, other than as expressly provided in this Article XXII.

  • OBLIGATIONS CONTINGENT ON PERFORMANCE The obligations of the Employer hereunder, including its obligation to pay the compensation provided for herein, are contingent upon the Executive's performance of the Executive's obligations hereunder.

  • Reasonable and Continuing Obligations Executive agrees that Executive’s obligations under this Section 6 are obligations which will continue beyond the date Executive’s employment terminates and that such obligations are reasonable, fair and equitable in scope. The terms and duration are necessary to protect the Company’s legitimate business interests and are a material inducement to the Company to enter into this Agreement. Executive further acknowledges that the consideration for this Section 6 is his employment or continued employment. Executive will not be paid any additional compensation during this Restricted Period for application or enforcement of the restrictive covenants contained in this Section 6.

  • Obligations to Related Parties Except as set forth on Schedule 4.7, there are no obligations of the Company or any of its Subsidiaries to officers, directors, stockholders or employees of the Company or any of its Subsidiaries other than:

  • Partnership Obligations (a) Except as provided in this Section 6.05 and elsewhere in this Agreement (including the provisions of Articles V and VI hereof regarding distributions, payments and allocations to which it may be entitled), the General Partner shall not be compensated for its services as general partner of the Partnership.

  • Limited Obligations This Agreement does not create any obligation of the Securities Intermediary except for those expressly set forth in this Agreement. The Securities Intermediary may conclusively rely and shall be fully protected in acting or refraining from acting upon notices and communications it believes to be genuine and given by the appropriate party. Except for permitting a withdrawal, delivery or payment in violation of Article III, the Securities Intermediary shall not be liable to the Secured Party, the Servicer or the Issuer for any error of judgment made in good faith and in accordance with this Agreement, nor shall it otherwise be liable under this Agreement except as a result of its own willful misconduct, bad faith or negligence.

  • Obligations of the Company Upon Termination (a) Termination by the Company for Cause or by the Executive other than for Good Reason. If, during the Employment Period, or any Additional Employment Period, the Executive’s employment with the Company is terminated by the Company for Cause or by the Executive other than for Good Reason (and not due to death or Disability), the Company shall have no further payment obligations to the Executive or his legal representatives under this Agreement, other than for:

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