Common use of Obligations Continue Until Return Clause in Contracts

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.

Obligations Continue Until Return. If Lessee shall, for any reason, fail to return the Aircraft at the time and in the condition specified herein, 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 110% of 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.