Common use of Place of Redelivery; Storage Upon Return Clause in Contracts

Place of Redelivery; Storage Upon Return. Each Aircraft to be returned pursuant to Section 5(c) shall be returned at any airport in Lessee’s network (as reasonably designated by Lessor in its sole discretion) that is an airport in the continental United States of America where the Aircraft may safely land, and Lessee shall retain the risk of loss for such Aircraft, its Airframe, Engines and Parts until they are returned in conformity with the provisions of this Lease at such airport.

Appears in 2 contracts

Samples: Aircraft Lease Agreement (Virgin America Inc.), Aircraft Lease Agreement (Virgin America Inc.)

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Place of Redelivery; Storage Upon Return. Each The Aircraft to be returned pursuant to Section 5(c) shall be returned at any airport in Lessee’s network (as reasonably designated by Lessor in its sole discretion) that is an airport in the continental United States of America where the Aircraft may safely land, and Lessee shall retain the risk of loss for such the Aircraft, its Airframe, Engines and Parts until they are returned in conformity with the provisions of this Lease at such airport.

Appears in 1 contract

Samples: Aircraft Lease Agreement (Virgin America Inc.)

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Place of Redelivery; Storage Upon Return. Each The Aircraft to shall be returned pursuant to Section 5(c) shall be returned at any airport in Lessee’s network (as reasonably designated by the Lessor acting on the instructions of the Loan Trustee in its sole discretion) that is an airport in the continental United States of America where the Aircraft may safely land, and the Lessee shall retain the risk of loss for such the Aircraft, its Airframe, Engines and Parts until they are returned in conformity with the provisions of this Lease at such airport.

Appears in 1 contract

Samples: Lease Agreement (Latam Airlines Group S.A.)

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