Common use of Storage Upon Return Clause in Contracts

Storage Upon Return. Upon written request of Lessor or Owner Participant received by Lessee at least 10 days prior to its return of the Aircraft at the expiration or termination of this Lease, Lessee will attempt to arrange for parking facilities for the Aircraft for a period not exceeding 60 days following return thereof by Lessee at the location of return pursuant to Section 5.1; and Lessor shall bear or reimburse Lessee for Lessee's out-of-pocket expenses of such storage (including maintenance and insurance expenses).

Appears in 5 contracts

Samples: Sale and Lease Agreement (Southwest Airlines Co), Sale and Lease Agreement (Southwest Airlines Co), Sale and Lease Agreement (Southwest Airlines Co)

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Storage Upon Return. Upon written request of Lessor or Owner Participant received by Lessee at least 10 days prior to its return of the Aircraft at the expiration or termination of this Lease, Lessee will attempt to arrange for provide free parking facilities for the Aircraft for a period not exceeding 60 30 days following return thereof by Lessee at the location of return pursuant to Section 5.1; provided that such storage shall be at Lessor's risk and Lessor shall bear or reimburse Lessee for Lessee's out-of-pocket any expenses of in connection with such storage (other than parking charges) shall be paid by Lessor, including maintenance and the cost of any insurance expenses)therefor.

Appears in 3 contracts

Samples: Sale and Lease Agreement (American Income Fund I-E), Sale and Lease Agreement (American Income Fund I-E), Sale and Lease Agreement (American Income Fund I-E)

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Storage Upon Return. Upon written request of Lessor or Owner Participant received by Lessee at least 10 days prior to its return of the Aircraft at the expiration or termination of this Lease, Lessee will attempt to arrange for parking facilities short-term storage for the Aircraft for a period not exceeding 60 days following return thereof by Lessee at the location of return pursuant to Section 5.1; and Lessor shall bear or reimburse Lessee for Lessee's out-of-pocket expenses of such storage (including maintenance and insurance expenses).

Appears in 1 contract

Samples: Sale and Lease Agreement (Southwest Airlines Co)

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