Return Conditions; Storage Sample Clauses

Return Conditions; Storage. (a) Upon the date for withdrawal from the capacity purchase provisions of this Agreement of a Covered Aircraft subject to a Covered Aircraft Sublease pursuant to Sections 2.05, 2.06, 2.07, 2.08, 2.11, 8.03(a), 8.03(b), 8.03(c) or 8.03(d), such aircraft shall cease being a Covered Aircraft, Contractor shall immediately deliver possession of such aircraft to Continental or its designee, or, in the case of Section 2.07, to the applicable Affiliate of Contractor. Upon such delivery of possession, if all conditions set forth in the applicable Covered Aircraft Sublease, including any return conditions, have been satisfied in accordance with its terms, then the Covered Aircraft Sublease for such aircraft shall terminate as of such date in accordance with the terms of such Covered Aircraft Sublease (regardless of the underlying term of such Covered Aircraft Sublease); provided, that so long as the applicable Covered Aircraft is not being withdrawn from this Agreement pursuant to Section 8.02(c), the Covered Aircraft Sublease may remain in effect as provided in Section 2.09(c) or, to the extent provided by Section 2.09(b), the Covered Aircraft Sublease may be replaced with a Storage Sublease. In the case of an applicable transfer pursuant to Section 2.07, the obligations of Contractor shall be assumed by the applicable Affiliate of Contractor (and such Covered Aircraft Sublease shall thereafter constitute an ancillary agreement for purposes of the applicable Affiliate CPA). Other than in the case of a transfer described in Section 2.07, upon satisfaction of the foregoing return conditions and those specified in the applicable Covered Aircraft Sublease (or, in the event of a termination pursuant to Section 8.02(b)(x), promptly after the end of any grounding that would prevent a ferrying of the aircraft), Contractor shall ferry the applicable Covered Aircraft at Continental’s expense to a location within the continental United States selected by Continental. Promptly after the delivery of any termination notice by any party hereto to another party, but in no event more than five days after such delivery (and immediately in connection with a termination pursuant to Section 8.02(a)) or 180 days prior to the end of the Term, Contractor shall deliver to Continental a reasonably detailed current summary and forecast of the maintenance and repair status and condition of each aircraft and each Engine, and a list detailing the location of each such engine (by aircraft or, if...
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Related to Return Conditions; Storage

  • Prior Conditions Satisfied All conditions set forth in §10 shall continue to be satisfied as of the date upon which any Loan is to be made or any Letter of Credit is to be issued.

  • Xxxxx of Option; Conditions Tenant shall have the right to extend the Term (the “Renewal Option”) for one additional period of 5 years commencing on the day following the Termination Date of the initial Term and ending on the 5th anniversary of the Termination Date (the “Renewal Term”), if:

  • Release Conditions As used in this Agreement, "Release Conditions" shall mean the following:

  • Conditions for Advance and Conditions to Closing Section 7.1

  • Minimum Condition Section 1.1(a).........................................2

  • Conditions to Obligation to Close (a) Conditions to Obligation of the Purchaser. The obligation of the Purchaser to consummate the transactions to be performed by it in connection with the Closing is subject to satisfaction of the following conditions:

  • Conditions Precedent/Effectiveness Conditions This Amendment shall be effective upon (the “Effective Date”) the satisfaction of each of the following conditions (all documents to be in form and substance reasonably satisfactory to Administrative Agent and Administrative Agent’s counsel):

  • ELIGIBILITY CONDITIONS The eligibility conditions specified in Adoption Agreement Section 2.01 are effective for Plan Years beginning after _______________________.

  • Conditions Precedent at Closing Date The obligation of the Lenders to make Loans, and of any LC Issuer to issue Letters of Credit, is subject to the satisfaction of each of the following conditions on or prior to the Closing Date:

  • Forward Closing Conditions (a) The obligation of the Purchaser to purchase the Forward Purchase Securities at the Forward Closing under this Agreement shall be subject to the fulfillment, at or prior to the Forward Closing of each of the following conditions, any of which, to the extent permitted by applicable laws, may be waived by the Purchaser:

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