Common use of Parking and Related Matters Clause in Contracts

Parking and Related Matters. If Lessor gives written notice to Lessee, not less than 10 days nor more than 120 days before the end of the Term, requesting parking of the Aircraft upon its return hereunder, Lessee will assist Lessor in procuring (or cause Lessor to be provided with) outdoor parking facilities for the Aircraft for a storage period up to 30 days, starting on the date of such return, and upon Lessor's request to Lessee made at least 10 days before the end of such initial 30-day period, for an additional 90-day period commencing upon expiration of such initial period, at such storage facility in the 48 contiguous states of the United States as Lessee selects. Such storage shall be at Lessor's risk, and Lessor shall pay all applicable storage fees, except that Lessee shall pay the parking fees for the initial 30-day storage period; PROVIDED FURTHER that Lessee's obligation to provide parking shall be subject to Lessor's entering into an agreement with the storage facility, before the storage period begins, providing that Lessor shall bear all maintenance charges and other costs incurred, and that Lessee's obligations hereunder will be solely for the payment of parking fees for the initial 30-day period pursuant to the terms of this ss. 5.2. Unless Lessor and Lessee otherwise agree, the location of such parking will also constitute the return location for the Aircraft.

Appears in 2 contracts

Samples: Participation Agreement (Amtran Inc), Lease Agreement (Amtran Inc)

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Parking and Related Matters. If Lessor gives written notice to Lessee, not less than 10 days nor more than 120 days before the end of the Term, requesting parking of the Aircraft upon its return hereunder, Lessee will assist Lessor in procuring (or cause Lessor to be provided with) outdoor parking facilities for the Aircraft for a storage period up to 30 days, starting on the date of such return, and upon Lessor's request to Lessee made at least 10 days before the end of such initial 30-day period, for an additional 90-day period commencing upon expiration of such initial period, at such storage facility in the 48 contiguous states of the United States as Lessee selects. Such storage shall be at Lessor's risk, and Lessor shall pay all applicable storage fees, except that Lessee shall pay the parking fees for the initial 30-day storage period; PROVIDED FURTHER that Lessee's obligation to provide parking shall be subject to Lessor's entering into an agreement with the storage facility, before the storage period begins, providing that Lessor shall bear all maintenance charges and other costs incurred, and that Lessee's obligations hereunder will be solely for the payment of parking fees for the initial 30-day period pursuant to the terms of this ss. 5.2. Unless Lessor and Lessee otherwise agree, the location of such parking will wilL also constitute the return location for the Aircraft.

Appears in 2 contracts

Samples: Participation Agreement (Amtran Inc), Lease Agreement (Amtran Inc)

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