Default indemnity. Lessee will indemnify Lessor on demand against any Loss which Lessor may sustain or incur directly or indirectly as a result of any Event of Default, including, the non-delivery of the Aircraft by reason of failure of Lessee to satisfy any conditions to that delivery Lessor will use reasonable endeavors to mitigate such Losses, but (i) Lessor shall not be obliged to consult with Lessee concerning any proposed course of action or to notify Lessee of the taking of any particular action, and (ii) this provision is without prejudice to Lessor's rights under Section 13.4.
Appears in 2 contracts
Sources: Aircraft Lease (Kitty Hawk Inc), Aircraft Lease (Kitty Hawk Inc)