Common use of Purchase or Return Clause in Contracts

Purchase or Return. Upon written notice delivered to Lessor at least 180 days but no more than 270 days prior to the Second Renewal Term expiration date, and so long as there exists no Event of Default, Lessee shall have the option to (A) purchase the Aircraft on an AS IS BASIS, for a cash price equal to the applicable Estimated Residual Value (specified on Schedule 2 to Annex B), plus applicable taxes, or (B) subject to the terms and conditions set out in Section 19(d) below, return the Aircraft to Lessor. If Lessee elects to purchase the Aircraft, then on the Second Renewal Term expiration date, Lessee shall pay to Lessor the applicable Estimated Residual Value (specified on Schedule 2 to Annex B) (plus applicable taxes) and all other sums due and unpaid on such date (including but not limited to the last scheduled payment of Second Renewal Term Rent). If all of the terms and conditions of this paragraph are not fulfilled, this Lease shall continue in full force and effect as if the Extension Option had been elected, and Lessee shall continue to be liable for all obligations thereunder, including, without limitation, the obligation to continue paying rent.

Purchase or Return. Upon written notice delivered to Lessor at least 180 days but no more than 270 days prior to the Second Renewal Basic Term expiration date, and so long as there exists no Event of Default, Lessee shall have the option to (A) purchase the Aircraft on an AS IS BASIS, for a cash price equal to the applicable Estimated Residual Value (specified on Schedule 2 to Annex B), plus applicable taxes, or (B) subject to the terms and conditions set out in Section 19(d) below, return the Aircraft to Lessor. If Lessee elects to purchase the Aircraft, then on the Second Renewal Basic Term expiration date, Lessee shall pay to Lessor the applicable Estimated Residual Value (specified on Schedule 2 to Annex B) (plus applicable taxes) and all other sums due and unpaid on such date (including but not limited to the last scheduled payment of Second Renewal Basic Term Rent). If all of the terms and conditions of this paragraph are not fulfilled, this Lease shall continue in full force and effect as if the Extension Renewal Option had been elected, and Lessee shall continue to be liable for all obligations thereunder, including, without limitation, the obligation to continue paying rent.

Purchase or Return. Upon written notice delivered to Lessor at least 180 days but no more than 270 days prior to the Second First Renewal Term expiration date, and so long as there exists no Event of Default, Lessee shall have the option to (A) purchase the Aircraft on an AS IS BASIS, for a cash price equal to the applicable Estimated Residual Value (specified on Schedule 2 to Annex B), plus applicable taxes, or (B) subject to the terms and conditions set out in Section 19(d) below, return the Aircraft to Lessor. If Lessee elects to purchase the Aircraft, then on the Second First Renewal Term expiration date, Lessee shall pay to Lessor the applicable Estimated Residual Value (specified on Schedule 2 to Annex B) (plus applicable taxes) and all other sums due and unpaid on such date (including but not limited to the last scheduled payment of Second First Renewal Term Rent). If all of the terms and conditions of this paragraph are not fulfilled, this Lease shall continue in full force and effect as if the Extension Renewal Option had been elected, and Lessee shall continue to be liable for all obligations thereunder, including, without limitation, the obligation to continue paying rent.