Common use of Storage Upon Return Clause in Contracts

Storage Upon Return. If, at least sixty (60) days prior to termination of this Lease at the end of the Basic Term or any Renewal Term or pursuant to Section 9(c), Lessee receives from Lessor a written request for storage of the Aircraft upon its return hereunder, Lessee will provide Lessor, or cause Lessor to be provided, with free parking facilities for the Aircraft (maintenance costs and other out-of-pocket costs other than parking fees to be for the account of Lessor) for a period not exceeding thirty (30) days commencing on the date of such termination at a location in the continental United States selected by Lessee and used as a location for the parking or storage of aircraft; provided that Lessee shall have no obligation to move the Aircraft from such location during or after the storage period. Lessee, unless instructed by Lessor to the contrary, will maintain insurance for the Aircraft during such period not exceeding thirty (30) days and be reimbursed by Lessor for the premiums thereon.

Appears in 6 contracts

Samples: Lease Agreement (Northwest Airlines Holdings Corp/Pred), Lease Agreement (Northwest Airlines Corp), Lease Agreement (Northwest Airlines Inc /Mn)

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Storage Upon Return. If, at least sixty (60) 15 days prior to termination of this Lease at the end of the Basic Term or any Renewal Term or pursuant to Section 9(c)17, Lessee receives from Lessor a written request for storage of the Aircraft upon its return hereunder, Lessee will provide Lessor, or cause Lessor to be provided, with free parking storage facilities for the Aircraft (at Lessee's risk and at Lessee's expense for a period not exceeding 30 days, and thereafter at Lessor's risk and at Lessor's cost for insurance, maintenance costs and other Lessee's out-of-pocket costs other than parking fees to be expenses for the account of Lessor) such storage for a period not exceeding thirty 90 days (30) days provided that if such termination occurs as a result of a Lease Event of Default hereunder, such storage shall be at the cost of the Lessee), commencing on the date of such termination the Aircraft is returned substantially in the condition required under this Section 8, at a location in the continental United States selected by Lessee and used by Lessee as a location for the long-term parking or storage of aircraft; provided that Lessee shall have no obligation to move the Aircraft from such location during or after the storage period. Lessee, unless instructed by Lessor to the contrary, will maintain insurance for the Aircraft during such period not exceeding thirty (30) days and be reimbursed by Lessor for the premiums thereon.

Appears in 5 contracts

Samples: Lease Agreement (Atlas Air Inc), Lease Agreement (Atlas Air Inc), Lease Agreement (Atlas Air Inc)

Storage Upon Return. If, at least sixty (60) days prior to termination of this Lease at the end of the Basic Term or any Renewal Term or pursuant to Section 9(c), Lessee receives from Lessor a written request for storage of the Aircraft upon its return hereunder, Lessee will provide Lessor, or cause Lessor to be provided, with free parking facilities for the Aircraft (maintenance costs and other out-of-pocket costs other than parking fees to be for the account of Lessor) for a period not exceeding thirty (30) days commencing on the date of such termination at a location in the continental United States selected by Lessee and used as a location for the parking or storage of aircraft; provided PROVIDED that Lessee shall have no obligation to move the Aircraft from such location during or after the storage period. Lessee, unless instructed by Lessor to the contrary, will maintain insurance for the Aircraft during such period not exceeding thirty (30) days and be reimbursed by Lessor for the premiums thereon.

Appears in 1 contract

Samples: Lease Agreement (Northwest Airlines Corp)

Storage Upon Return. If, at least sixty (60) days prior to termination of this Lease at the end of the Basic Term or any Renewal Term or pursuant to Section 9(c), Lessee receives from Lessor a written request for storage of the Aircraft upon its return hereunder, Lessee will provide Lessor, or cause Lessor to be provided, with free parking facilities for the Aircraft (maintenance costs and other out-of-pocket costs other than parking fees to be for the account of Lessor) for a period not exceeding thirty (30) days commencing on the date of such termination termination, at a location in the continental United States selected by Lessee and used as a location for the parking or storage of aircraft; provided that . Lessee shall have no obligation to move the Aircraft from such location during or after the storage period. Lessee, unless instructed by Lessor to the contrary, will maintain insurance for the Aircraft during such period not exceeding thirty (30) days and be reimbursed by Lessor for the premiums thereon. SECTION 6.

Appears in 1 contract

Samples: Lease Agreement (Northwest Airlines Corp)

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Storage Upon Return. If, at least sixty (60) days prior to termination of this Lease at the end of the Basic Term or any Renewal Term or pursuant to Section 9(c), Lessee receives from Lessor a written request for storage of the Aircraft upon its return hereunder, Lessee will provide Lessor, or cause Lessor to be provided, with free parking facilities for the Aircraft (maintenance costs and other out-of-pocket costs other than parking fees to be for the account of Lessor) for a period not exceeding thirty (30) days commencing on the date of such termination termination, at a location in the continental United States selected by Lessee and used as a location for the parking or storage of aircraft; provided that . Lessee shall have no obligation to move the Aircraft from such location during or after the storage period. Lessee, unless instructed by Lessor to the contrary, will maintain insurance for the Aircraft during such period not exceeding thirty (30) days and be reimbursed by Lessor for the premiums thereon.

Appears in 1 contract

Samples: Lease Agreement (Northwest Airlines Corp)

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