Common use of Confirmation of Undertakings Clause in Contracts

Confirmation of Undertakings. The terms used in this Certificate shall have the meanings given to such terms in the Lease Agreement. Lessor accepts redelivery of the Aircraft under the Lease Agreement and waives any discrepancy between the physical condition of the Aircraft and that required by the Lease Agreement, subject to satisfaction by Lessor and Lessee of the items listed in Schedule 1, attached hereto. Lessee confirms that its indemnification obligations under the Lease Agreement shall survive the return of the Aircraft. Lessee will perform its obligations and agreements set forth in Schedule 1. Upon payment of all amounts due and performance of all obligations contained in Schedule 1, attached hereto, Lessor and Lessee agree that all of Lessee's obligations (except for those indemnification obligations which survive the lease of return of the Aircraft pursuant to the terms of the Lease) pursuant to the Lease Agreement have been fulfilled. Certificate of Redelivery N807US

Appears in 1 contract

Sources: Certificate of Redelivery and Agreement (Airlease LTD)

Confirmation of Undertakings. The terms used in this Certificate shall have the meanings given to such terms in the Lease Agreement. Lessor accepts redelivery of the Aircraft under the Lease Agreement and waives any discrepancy between the physical condition of the Aircraft and that required by the Lease Agreement, subject to satisfaction by Lessor and Lessee of the items listed in Schedule 1, attached hereto. Lessee confirms that its indemnification obligations under the Lease Agreement shall survive the return of the Aircraft. Lessee will perform its obligations and agreements set forth in Schedule 1. Upon payment of all amounts due and performance of all obligations contained in Schedule 1, attached hereto, Lessor and Lessee agree that all of Lessee's obligations (except for those indemnification obligations which survive the lease of return of the Aircraft pursuant to the terms of the Lease) pursuant to the Lease Agreement have been fulfilled. (REMAINDER OF ▇▇▇▇ INTENTIONALLY LEFT BLANK] Certificate of Redelivery N807USN806US

Appears in 1 contract

Sources: Certificate of Redelivery and Agreement (Airlease LTD)