DEFERRED DISCREPANCY CORRECTION Clause Samples

DEFERRED DISCREPANCY CORRECTION. Any discrepancies found during the ground inspection, operational ground check and operational check flight set forth in Sections 10.05, 10.06 and 10.07 above, which were not corrected by Lessee prior to return of Aircraft to Lessor, may be corrected by Lessor or its designee after return of the Aircraft and Lessee shall reimburse Lessor for all reasonable direct costs and expenses paid by Lessor or its designee for accomplishing such discrepancy corrections. Lessee shall pay Lessor or its designee for all such costs and expenses incurred within 10 days of the date of receipt of an invoice therefor.
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DEFERRED DISCREPANCY CORRECTION. Any Discrepancies identified during the inspection, operational ground checks and operational check flight(s) referred to in Sections 8.11, 8.12 and 8.13 which were not corrected by Lessee prior to the acceptance of the Aircraft by Lessor pursuant to Section 8.14 shall be corrected by Lessee at Lessee's cost and expense or, at Lessor's option, may be corrected by Lessor or its designee after return of the Aircraft and Lessee shall reimburse Lessor for all reasonable costs and expenses incurred by Lessor or its designee for accomplishing such Discrepancy corrections. Lessee shall, not later than 30 days after the date of Lessor's invoice, pay Lessor for all such costs and expenses.
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DEFERRED DISCREPANCY CORRECTION. 29 10.10 Flight Cost .................................................. 29 10.11 Indemnification .............................................. 29 10.12 Insurance .................................................... 29 10.13
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DEFERRED DISCREPANCY CORRECTION. Lessor may, at its sole option, accept delivery of the Aircraft and any discrepancies found during the ground inspection, operational ground check and operational test flight set forth in this Section 4 that were not corrected by Lessee prior to return of the Aircraft to Lessor may be corrected by Lessor or its designee after return of the Aircraft, at Lessee's cost and expense, provided that this Section 4.11 shall not be construed as permitting or authorizing Lessee to fail to meet, or consenting to or waiving any failure by Lessee to perform, Lessee's obligation to return the Aircraft in accordance with the requirements of the Lease Agreement. Lessor shall consult with Lessee regarding the identity of its designee for accomplishing such discrepancy corrections. Lessee shall reimburse Lessor for the expenses incurred by Lessor in accomplishing such discrepancy corrections within 30 days of the date of Lessor's invoice therefor. Annex 1 to Schedule 1 to Lease Agreement (MSN 28662) ANNEX 1 TO SCHEDULE 1 RETURN CONDITIONS Capitalized terms used but not defined herein (or in any annex hereto) shall have the respective meanings, and shall be interpreted and construed in the manner, set forth in the Lease Agreement (MSN 28662), dated as of December 12, 1996 (the "Lease Agreement"), between Boullioun Aircraft Holding Company, Inc. and Frontier Airlines, Inc., to which this document is an annex to a schedule.
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DEFERRED DISCREPANCY CORRECTION. Lessor may, at its sole option, accept delivery of the Aircraft and any discrepancies found during the ground inspection, operational ground check and operational test flight set forth in this Section 3 that were not corrected by Lessee prior to return of the Aircraft to Lessor may be corrected by Lessor or its designee after return of the Aircraft, at Lessee's cost and expense, provided that this Section 3.11 shall not be construed as permitting or authorizing Lessee to fail to meet, or consenting to or waiving any failure by Lessee to perform, Lessee's obligation to return the Aircraft in accordance with the requirements of the Lease Agreement. Lessee shall reimburse Lessor on demand for the expenses incurred by Lessor in accomplishing such discrepancy corrections. Annex 1 to Schedule 2 to Lease Agreement (MSN 28869) ANNEX 1 TO SCHEDULE 2 RETURN CONDITIONS Capitalized terms used but not defined herein (or in any attachment hereto) shall have the respective meanings, and shall be interpreted and construed in the manner, set forth in the Lease Agreement (MSN 28869), dated as of June 27, 1997 (the "Lease Agreement"), between Boullioun Portfolio Finance I, Inc. and Western Pacific Airlines, Inc., to which this document is an annex to a schedule.
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DEFERRED DISCREPANCY CORRECTION. 29 10.10 FLIGHT COST ................................................ 30 10.11 INDEMNIFICATION ............................................ 30 10.12 INSURANCE .................................................. 30 10.13
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DEFERRED DISCREPANCY CORRECTION. Any discrepancies found during the ground inspection, operational ground check, demonstration flight and ferry flight provided for in Sections 10(f), 10(g), 10(h) and 10(i), respectively, that were not corrected by Sublessee prior to return of the Aircraft to Sublessor may be corrected by Sublessor or its designee after return of the aircraft and Sublessee shall reimburse Sublessor for the expenses incurred by Sublessor or its designee for accomplishing such discrepancy corrections. Sublessee shall pay Sublessor for such expenses incurred within thirty (30) days of the date of Sublessor's invoice therefor.
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Related to DEFERRED DISCREPANCY CORRECTION

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