SECURITY DEPOSIT PAID OR LETTER OF CREDIT DELIVERED. Lessee shall have (1) paid all installments of the Security Deposit due on or before the Delivery Date pursuant to Section 4.1 of the Lease Agreement or (2) delivered to Lessor a Letter of Credit, which Letter of Credit complies with the requirements of Section 4.4 of the Lease Agreement.
Appears in 2 contracts
Samples: Lease Agreement (Aircastle LTD), Lease Agreement (Western Pacific Airlines Inc /De/)
SECURITY DEPOSIT PAID OR LETTER OF CREDIT DELIVERED. Lessee shall have (1) paid all installments of the Security Deposit due on or before the Delivery Date pursuant to Section 4.1 of the Lease Agreement 3.5 or (2) delivered to Lessor a Letter of Credit, which Letter of Credit complies with the requirements of Section 4.4 of the Lease Agreement3.5.3.
Appears in 1 contract
SECURITY DEPOSIT PAID OR LETTER OF CREDIT DELIVERED. Lessee shall have (1) paid all installments of the Security Deposit due on or before the Delivery Date pursuant to Section 4.1 of the Lease Agreement or (2) delivered to Lessor a Letter of Credit, which Letter of Credit complies with the requirements of Section 4.4 of the Lease Agreement.to
Appears in 1 contract
