Common use of Payments Due Upon Sale of Aircraft Clause in Contracts

Payments Due Upon Sale of Aircraft. The total selling price realized at any sale of the Airframe and Engines or engines installed thereon in accordance with this Section 14 shall be retained by the Lessor and, in addition, on the Termination Date, the Lessee shall pay to the Lessor or, in the case of Supplemental Rent, to the Persons entitled thereto, in immediately available funds, an amount equal to the sum of (A) the excess, if any, of (x) the Termination Value as of the Termination Date, over (y) the net proceeds of the sale of the Aircraft, plus (B) all unpaid Supplemental Rent due on or before the Termination Date, plus (C) the arrears portion, if any, of Basic Rent payable on such Termination Date, together with all unpaid Basic Rent, if any, payable before the Termination Date, plus (D) the reasonable fees and expenses of the Owner Participants and Lessor in connection therewith, plus (E) any sales, transfer or similar Taxes incurred on such sale.

Payments Due Upon Sale of Aircraft. The total selling price realized at any sale of the Airframe and Engines or engines installed thereon in accordance with this Section 14 shall be retained by the Lessor and, in addition, on the Termination Date, the Lessee shall pay to the Lessor or, in the case of Supplemental Rent, to the Persons entitled thereto, in immediately available funds, an amount equal to the sum of (A) the excess, if any, of (x) the Termination Value as of the Termination Date, over (y) the net proceeds of the sale of the Aircraft, plus (B) all unpaid Supplemental Rent due on or before the Termination DateDate (including Make-Whole Amount), plus (C) the arrears portion, if any, of Basic Rent payable on such Termination Date, together with all unpaid Basic Rent, if any, payable before the Termination Date, plus (D) the reasonable fees and expenses of the Owner Participants Participants, the Indenture Trustee and Lessor in connection therewith, plus (E) any sales, transfer or similar Taxes incurred on such sale.

Payments Due Upon Sale of Aircraft. The total selling price realized at any sale of the Airframe and Engines or engines installed thereon in accordance with this Section 14 shall be retained by the Lessor and, in addition, on the Termination Date, the Lessee shall pay to the Lessor or, in the case of Supplemental Rent, to the Persons entitled thereto, in immediately available funds, an amount equal to the sum of (A) the excess, if any, of (x) the Termination Value as of the Termination Date, over (y) the net proceeds of the sale of the Aircraft, plus (B) all unpaid Supplemental Rent due on or before the Termination DateDate (including Make-Whole Premium), plus (C) the arrears portion, if any, of Basic Rent payable on such Termination Date, together with all unpaid Basic Rent, if any, payable before the Termination Date, plus (D) the reasonable fees and expenses of the Owner Participants Participants, the Indenture Trustee and Lessor in connection therewith, plus (E) any sales, transfer or similar Taxes incurred on such sale.

Payments Due Upon Sale of Aircraft. The total selling price realized at any sale of the Airframe and Engines or engines installed thereon in accordance with this Section 14 shall be retained by the Lessor and, in addition, on the Termination Date, the Lessee shall pay to the Lessor or, in the case of Supplemental Rent, to the Persons entitled thereto, in immediately available funds, an amount equal to the sum of (A) the excess, if any, of (x) the Termination Value as of the Termination Date, over (y) the net proceeds of the sale of the Aircraft, plus (B) all unpaid Supplemental Rent due on or before the Termination DateDate (including Make-Whole Premium), plus (C) the arrears portion, if any, of Basic Rent payable on such Termination Date, together with Date that is specified in column (3) of Exhibit C-1 as allocable to the Allocation Period ending on the Termination Date plus (D) all unpaid Basic Rent, if any, payable before the Termination Date, plus (DE) the reasonable fees and expenses of the Owner Participants Participants, the Indenture Trustee and Lessor in connection therewith, plus (EF) any sales, transfer or similar Taxes incurred on such sale.