Common use of Removal of Airline Property Clause in Contracts

Removal of Airline Property. (a) The property owned and placed or installed by [AIRLINE] at the Airport shall remain the property of [AIRLINE] and must be removed on or before the expiration of the Term or the expiration of any extension or renewal of the Term at [AIRLINE]’s sole risk and expense. The cost of restoring the Airport, the structure or any fixtures located therein resulting from damage relating to such removal shall be paid for by [AIRLINE]. In the event of the termination of this Agreement, [AIRLINE] shall have 30 days after such termination during which to remove such property; provided that the Lessee shall have the right to assert such lien or liens against the property as the Lessee may by law be permitted, other than liens on aircraft or ground service equipment. After [AIRLINE] has removed all such property or the 30-day period described in the preceding sentence expires, the Lessee and [AIRLINE] shall conduct a walk-through inspection to evaluate the removal of property and the condition of the premises. So long as any such property remains at the Airport, [AIRLINE]’s obligation to pay its Exclusive Use Rent shall continue.

Appears in 3 contracts

Samples: Airport Use Agreement, Airport Use Agreement, Airport Use Agreement

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Removal of Airline Property. (a) The property owned and placed or installed by [AIRLINE] at the Airport shall remain the property of [AIRLINE] and must be removed on or before the expiration of the Term or the expiration of any extension or renewal of the Term at [AIRLINE]’s sole risk and expense. The cost of restoring the Airport, the structure or any fixtures located therein resulting from damage relating to such removal shall be paid for by [AIRLINE]. In the event of the termination of this Agreement, [AIRLINE] shall have 30 days after such termination during which to remove such property; provided that the Lessee Aerostar shall have the right to assert such lien or liens against the property as the Lessee Aerostar may by law be permitted, other than liens on aircraft or ground service equipment. After [AIRLINE] has removed all such property or the 30-day period described in the preceding sentence expires, the Lessee Aerostar and [AIRLINE] shall conduct a walk-through inspection to evaluate the removal of property and the condition of the premises. So long as any such property remains at the Airport, [AIRLINE]’s obligation to pay its Exclusive Use Rent shall continue.

Appears in 1 contract

Samples: [Agreement

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