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 (i) 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 and (ii) parking facilities for the Aircraft (maintenance costs, other out-of-pocket costs and parking fees to be for the account of Lessor) for a period not exceeding an additional thirty (30) days commencing at the end of such initial thirty (30) day period, in each case at a location in the continental United States selected by Lessee and which Lessee would utilize as a location for the parking or storage of aircraft owned or leased by Lessee; provided that Lessee shall have no obligation to move the Aircraft from such location during the storage periods. Lessee, unless instructed by Lessor to the contrary, will maintain insurance for the Aircraft during such period not exceeding sixty (60) days and be reimbursed by Lessor for the premiums thereon.

Appears in 4 contracts

Samples: Lease Agreement (Northwest Airlines Corp), Lease Agreement (Northwest Airlines Corp), Lease Agreement (Northwest Airlines Corp)

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