Common use of Delivery Redelivery Clause in Contracts

Delivery Redelivery. The Aircraft shall be delivered to Sublessee at Centennial Airport, Denver, Colorado (the "Operating Base"), unless otherwise agreed to by the Parties, prior to each use of the Aircraft by Sublessee and, upon completion of each such use, redelivered to Sublessor or its agent as designated by Sublessor in writing at the Operating Base or such other location in the United States as agreed by the Parties in writing. (a) Upon delivery or redelivery of possession of the Aircraft, as applicable, the Party receiving possession shall indicate its receipt of possession by executing a logbook (substantially in the form attached hereto as Schedule B) containing the information identifying the specific Party that has accepted possession and control of the Aircraft, the time such possession and control was accepted and the time the possession and control of the preceding party concluded ("Delivery/Redelivery Logbook"). The Delivery/Redelivery Logbook shall be kept with the Aircraft. (b) Execution of the Delivery/Redelivery Logbook shall serve as evidence that the party accepting possession has assumed control and responsibility for the Aircraft until such time as it is again redelivered to Sublessor or its designee and the Delivery/Redelivery Logbook has been duly executed.