Common use of RETURN AND REPOSSESSION Clause in Contracts

RETURN AND REPOSSESSION. Lessor may in writing demand the prompt return, and the Lessee hereby agrees that it shall return promptly, the Aircraft to the Lessor in the manner and condition required by, and otherwise in accordance with all the provisions of, Section 6 as if the Aircraft were being returned at the end of the Term, or the Lessor or the Lessor's agent, at its option, may, but shall be under no obligation to, enter upon the premises where all or any part of the Airframe or any Engine or Appliance is located and take immediate possession of and remove the same by summary proceedings or otherwise, all without liability accruing to the Lessor or the Lessor's agent for or by reason of such entry or taking of possession or removal whether for the restoration of damage to property caused by such action or otherwise.

Appears in 4 contracts

Samples: Aircraft Lease Agreement (American Income Partners v a LTD Partnership), Aircraft Lease Agreement (Airfund Ii International Limited Partnership), Aircraft Lease Agreement (American Income Partners v a LTD Partnership)

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RETURN AND REPOSSESSION. Lessor may in writing demand the prompt return, and the Lessee hereby agrees that it shall return promptly, the Aircraft to the Lessor in the manner and condition required by, and otherwise in accordance with all the provisions of, Section 6 as if the Aircraft were being returned at the end of the Term, or the Lessor or the Lessor's agent, at its option, may, but shall be under no obligation to, enter upon the premises where all or any part of the Airframe or any Engine or Appliance is believed to be located and take immediate possession of and remove the same by summary proceedings self help or otherwise, all without liability accruing to the Lessor or the Lessor's agent for or by reason of such entry entry. or taking of possession or removal removed whether for the restoration of damage to property caused by such action or otherwise.

Appears in 1 contract

Samples: Aircraft Lease Agreement (Turn Works Acquisition Iii Sub a Inc)

RETURN AND REPOSSESSION. Lessor may in writing demand the prompt ----------------------- return, and the Lessee hereby agrees that it shall return promptly, the Aircraft to the Lessor in the manner and condition required by, and otherwise in accordance with all the provisions of, Section 6 as if the Aircraft were being returned at the end of the Term, or the Lessor or the Lessor's agent, at its option, may, but shall be under no obligation to, enter upon the premises where all or any part of the Airframe or any Engine or Appliance is located and take immediate possession of and remove the same by summary proceedings or otherwise, all without liability accruing to the Lessor or the Lessor's agent for or by reason of such entry or taking of possession or removal whether for the restoration of damage to property caused by such action or otherwise.

Appears in 1 contract

Samples: Guaranty Agreement (American Income Partners v B LTD Partnership)

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RETURN AND REPOSSESSION. Lessor may in writing demand the prompt return, and the Lessee hereby agrees that it shall return promptly, the Aircraft to the Lessor in the manner and condition required by, and otherwise in accordance with all the provisions of, Section 6 as if the Aircraft were being returned at the end of the Term, or the Lessor or the Lessor's agent, at its option, may, but shall be under no obligation to, enter upon the premises where all or any part of the Airframe or any Engine or Appliance is believed to be located and take immediate possession of and remove the same by summary proceedings self help or otherwise, all without liability accruing to the Lessor or the Lessor's agent for or by reason of such entry entry, or taking of possession or removal whether for the restoration of damage to property caused by such action or otherwise.

Appears in 1 contract

Samples: Aircraft Lease Agreement (Turn Works Acquisition Iii Sub a Inc)

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