LEASELease • August 9th, 2006 • Ahern Rentals Inc • Services-equipment rental & leasing, nec
If an appraiser is required under this Section 1(b)(3), the monthly rent shall be determined by a qualified, independent real property appraiser familiar with commercial rental values in the area. The appraiser shall be selected by Lessee from a list of not fewer than three such individuals submitted by Lessor. If Lessee does not make the selection within ten days after submission of the list, Lessor may do so. If Lessor does not submit such a list within ten (10) days after written request from Lessee to do so, Lessee may name as an appraiser any individual with such qualifications. Within thirty (30) days after appointment, the appraiser shall furnish to both parties an appraisal of the fair market rental value of the Premises, which shall be final and binding on the parties. The cost of the appraisal shall be borne equally by the parties.
AIRCRAFT LEASE AGREEMENT (N742AR) between KEY EQUIPMENT FINANCE INC., as Lessor and AHERN RENTALS, INC. and DON F. AHERN as LesseeAircraft Lease Agreement • August 9th, 2006 • Ahern Rentals Inc • Services-equipment rental & leasing, nec • New York
THIS AIRCRAFT LEASE AGREEMENT (together with all supplements, exhibits and certificates attached hereto, the “Lease”) is made and entered into as of April 20, 2006 by and between KEY EQUIPMENT FINANCE INC., a Michigan corporation, as lessor (“Lessor”), with a place of business at 1000 South McCaslin Boulevard, Superior, CO 80027, and AHERN RENTALS, INC., a Nevada corporation (sometimes referred to as “Ahern”), and Don F. Ahern, an individual, as joint lessees (Ahern and Don F. Ahern each a “Lessee” and collectively “Lessees”), with its principal place of business at 4241 S. Arville St, Las Vegas, NV 89103-3713. Certain capitalized terms as used in this Lease are defined in Exhibit A hereto, and such definitions are hereby incorporated herein and made a part hereof as though set forth herein in full.
