Common use of Payments to the Lessor Clause in Contracts

Payments to the Lessor. The total selling price realized at a sale pursuant to Section 10.01(b) hereof net of all expenses of the sale (including commissions and any sales or transfer taxes) (the "Net Sales Price") shall be retained by the Lessor (or the Indenture Trustee as long as the Indenture is in force) and, in addition, on or before the Proposed Termination Date, the Lessee shall pay to the Lessor (or the Indenture Trustee as long as the Indenture is in force), by wire transfer of immediately available funds, the sum of: (i) the excess, if any, of the Termination Value for the Aircraft computed as of the Proposed Termination Date over the Net Sales Price; plus (ii) the installment of Basic Rent due with respect to the Aircraft on the Proposed Termination Date if payable in arrears but not if payable in advance; plus (iii) all other amounts then due and payable by the Lessee (including, without limitation, the aggregate amount of any Make-Whole Premium, if the Proposed Termination Date occurs prior to the applicable Premium Termination Date) under this Lease and any other Operative Agreement.

Appears in 6 contracts

Samples: Lease Agreement (Federal Express Corp), Lease Agreement (Federal Express Corp), Lease Agreement (Federal Express Corp)

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Payments to the Lessor. The total selling price realized at a sale pursuant to Section 10.01(b) hereof net of all expenses of the sale (including commissions and any sales or transfer taxes) (the "Net Sales Price") shall be retained by the Lessor (or the Indenture Trustee as long as the Indenture is in force) and, in addition, on or before the Proposed Termination Date, the Lessee shall pay to the Lessor (or the Indenture Trustee as long as the Indenture is in force), by wire transfer of immediately available funds, the sum of: (i) the excess, if any, of the Termination Value for the Aircraft computed as of the Proposed Termination Date over the Net Sales Price; plus (ii) the installment of Basic Rent due with respect to the Aircraft on the Proposed Termination Date if to the extent payable in arrears but not if to the extent payable in advance; plus (iii) all other amounts then due and payable by the Lessee (including, without limitation, the aggregate amount of any Make-Whole Premium, if the Proposed Termination Date occurs prior to the applicable Premium Termination Date) under this Lease and any other Operative Agreement.

Appears in 2 contracts

Samples: Lease Agreement (Federal Express Corp), Lease Agreement (Federal Express Corp)

Payments to the Lessor. The total selling price realized at a sale pursuant to Section 10.01(b) hereof net of all expenses of the sale (including commissions and any sales or transfer taxes) (the "Net Gross Sales Price") shall be retained by the Lessor (or the Indenture Trustee as long as the Indenture is in force) and, in addition, on or before the Proposed Termination Date, the Lessee shall pay to the Lessor (or the Indenture Trustee as long as the Indenture is in force), by wire transfer of immediately available funds, the sum of: (i) the excess, if any, of the Termination Value for the Aircraft computed as of the Proposed Termination Date over the Net Gross Sales Price; plus (ii) the installment of Basic Rent due with respect to the Aircraft on the Proposed Termination Date if to the extent payable in arrears but not if to the extent payable in advance; plus (iii) all other amounts then due and payable by the Lessee (including, without limitation, the aggregate amount of any Make-Whole Premium, if the Proposed Termination Date occurs prior to the applicable Premium Termination Date) under this Lease and any other Operative Agreement. All expenses of the sale shall be borne by the Lessee.

Appears in 2 contracts

Samples: Ancillary Agreement (Federal Express Corp), Ancillary Agreement (Federal Express Corp)

Payments to the Lessor. The total selling price realized at a sale pursuant to Section 10.01(b) hereof net of all expenses of the sale (including commissions and any sales or transfer taxes) (the "Net Sales Price") shall be retained by the Lessor (or the Indenture Trustee as long as the Indenture is in force) and, in addition, on or before the Proposed Termination Date, the Lessee shall pay to the Lessor (or the Indenture Trustee as long as the Indenture is in force), by wire transfer of immediately available funds, the sum of: (i) the excess, if any, of the Termination Value for the Aircraft computed as of the Proposed Termination Date over the Net Sales Price; plus (ii) the installment of Basic Rent due with respect to the Aircraft on the Proposed Termination Date if to the extent payable in arrears but not if to the extent payable in advance; plus (iii) all other amounts then due and payable by the Lessee (including, without limitation, the aggregate amount of any Make-Whole Premium, if the Proposed Termination Date occurs prior to the applicable Premium Termination Date) under this Lease and any other Operative Agreement.

Appears in 1 contract

Samples: Lease Agreement (Federal Express Corp)

Payments to the Lessor. The total selling price realized at a sale pursuant to Section 10.01(b) hereof net of all expenses of the sale (including commissions and any sales or transfer taxes) (the "Net Sales Price") shall be retained by the Lessor (or the Indenture Trustee as long as the Indenture is in force) and, in addition, on or before the Proposed Termination Date, the Lessee shall pay to the Lessor (or the Indenture Trustee as long as the Indenture is in force), by wire transfer of immediately available funds, the sum of: (i) the excess, if any, of the Termination Value for the Aircraft computed as of the Proposed Termination Date over the Net Sales Price; plus (ii) the installment of Basic Rent due with respect to the Aircraft on the Proposed Termination Date if payable in arrears but not if payable in advance; plus (iii) all other amounts then due and payable by the Lessee (including, without limitation, the aggregate amount of any Make-Whole Premium, if the Proposed Termination Date occurs prior to the applicable Premium Termination Date) under this Lease and any other Operative Agreement.

Appears in 1 contract

Samples: Lease Agreement (Federal Express Corp)

Payments to the Lessor. The total selling price realized at a sale pursuant to Section 10.01(b) hereof net of all expenses of the sale (including commissions and any sales or transfer taxes) (the "Net Sales Price") shall be retained by the Lessor (or the Indenture Trustee as long as the Indenture is in force) and, in addition, on or before the Proposed Termination Date, the Lessee shall pay to the Lessor (or the Indenture Trustee as long as the Indenture is in force), by wire transfer of immediately available funds, the sum of: (i) the excess, if any, of the Termination Value for the Aircraft computed as of the Proposed Termination Date over the Net Sales Price; plus (ii) the installment of Basic Rent due with respect to the Aircraft on the Proposed Termination Date if to the extent payable in arrears but not if to the extent payable in advance; plus (iii) all other amounts then due and payable by the Lessee (including, without limitation, the aggregate amount of any Make-Whole Premium, if the Proposed Termination Date occurs prior to the applicable Premium Termination Date) under this Lease and or any other Operative Agreement.

Appears in 1 contract

Samples: Lease Agreement (Federal Express Corp)

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Payments to the Lessor. The total selling price realized at a sale pursuant to Section 10.01(b) hereof net of all expenses of the sale (including commissions and any sales or transfer taxes) (the "Net Sales Price") shall be retained by the Lessor (or the Indenture Trustee as long as the Indenture is in force) and, in addition, on or before the Proposed Termination Date, the Lessee shall pay to the Lessor (or the Indenture Trustee as long as the Indenture is in force), by wire transfer of immediately available funds, the sum of: (i) the excess, if any, of the Termination Value for the Aircraft computed as of the Proposed Termination Date over the Net Sales Price; plus (ii) the installment of Basic Rent due with respect to the Aircraft on the Proposed Termination Date if to the extent payable in arrears but not if to the extent payable in advance; plus (iii) all other amounts then due and payable by the Lessee (including, without limitation, the aggregate amount of any Supplemental Rent in respect of any Make-Whole Premium, if the Proposed Termination Date occurs prior to the applicable Premium Termination Date) under this Lease and any other Operative Agreement.

Appears in 1 contract

Samples: Lease Agreement (Federal Express Corp)

Payments to the Lessor. The total selling price realized at a sale pursuant to Section 10.01(b) hereof net of all expenses of the sale (including commissions and any sales or transfer taxes) (the "Net Sales Price") shall be retained by the Lessor (or the Indenture Trustee as long as the Indenture is in force) and, in addition, on or before the Proposed Termination DateDate (or any earlier date of sale), the Lessee shall pay to the Lessor (or the Indenture Trustee as long as the Indenture is in force), by wire transfer of immediately available funds, the sum of: (i1) the excess, if any, of the Termination Value for the Aircraft computed as of the Proposed Termination Date (whether or not the date of sale is on or prior to such Termination Date) over the Net Sales Price; plus (ii2) the installment of Basic Rent due with respect to the Aircraft on the Proposed Termination Date if payable in arrears but not if payable in advanceadvance (whether or not the date of sale is on or prior to such Proposed Termination Date); plus (iii3) all other amounts then due and payable by the Lessee (including, without limitation, the aggregate amount of any Make-Whole Premium, if the Proposed Termination Date occurs prior to the applicable Premium Termination Date) under this Lease and or any other Operative Agreement.

Appears in 1 contract

Samples: Lease Agreement (Federal Express Corp)

Payments to the Lessor. The total selling price realized at a sale pursuant to Section 10.01(b) hereof net of all expenses of the sale (including commissions and any sales or transfer taxes) (the "Net Sales Price") shall be retained by the Lessor (or the Indenture Trustee as long as the Indenture is in force) and, in addition, on or before the Proposed Termination DateDate (or any earlier date of sale), the Lessee shall pay to the Lessor (or the Indenture Trustee as long as the Indenture is in force), by wire transfer of immediately available funds, the sum of: (i1) the excess, if any, of the Termination Value for the Aircraft computed as of the Proposed Termination Date (whether or not the date of sale is on or prior to such Termination Date) over the Net Sales Price; plus (ii2) the installment of Basic Rent due with respect to the Aircraft on the Proposed Termination Date if payable in arrears but not if payable in advanceadvance (whether or not the date of sale is on or prior to such Proposed Termination Date); plus (iii3) all other amounts then due and payable by the Lessee (including, without limitation, the aggregate amount of any Make-Whole Premium, if the Proposed Termination Date occurs prior to the applicable Premium Termination Date) under this Lease and any other Operative Agreement.

Appears in 1 contract

Samples: Lease Agreement (Federal Express Corp)

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