Common use of Daily Rent for Lessee-Related Unserviceability Clause in Contracts

Daily Rent for Lessee-Related Unserviceability. If the Engine is returned Unserviceable, and ▇▇▇▇▇▇ is responsible therefor under 4.6.2, 4.6.3 or 7.2.1(i), Lessee shall continue to pay daily Rent until the date on which the Engine is no longer Unserviceable, provided Lessor has notified Lessee thereof within 30 Business Days of redelivery. Lessor shall promptly notify Lessee when the Engine is no longer Unserviceable. The foregoing is without prejudice to ▇▇▇▇▇▇'s liability under 4.6, including where no such notices are given.

Appears in 2 contracts

Sources: Master Short Term Engine Lease Agreement, Master Short Term Engine Lease Agreement

Daily Rent for Lessee-Related Unserviceability. If the Engine is returned Unserviceable, and Lessee is ▇▇▇▇▇▇ is responsible ▇sible therefor under 4.6.2, 4.6.3 or 7.2.1(i), Lessee shall continue to pay daily Rent until the date on which the Engine is no longer Unserviceable, provided Lessor has notified Lessee thereof within 30 Business Days of redelivery. Lessor shall promptly notify Lessee when the Engine is no longer Unserviceable. The foregoing is without prejudice to Lessee's l▇▇▇▇▇▇'s liability ty under 4.6, including where no such notices are given.

Appears in 1 contract

Sources: Master Short Term Engine Lease Agreement (Air T Inc)