Common use of Effect of Non-compliance with Redelivery Requirements Clause in Contracts

Effect of Non-compliance with Redelivery Requirements. 11.6.1 Without prejudice to its rights under 13, if the redelivery does not occur in full compliance with 11.1 and 11.5, the Term is automatically extended until the date on which Lessee fully complies. 11.6.2 During any Term extension contemplated by 11.6.1, Lessee (i) may not use the Engine in flight operations, (ii) shall pay Rent plus amounts, if any, specified in Part I, point 25 of the Lease Agreement, and (iii) shall otherwise comply with its obligations hereunder. 11.6.3 The provisions of 11. 6.1 11.6.2 shall not limit Lessor's right to damages under applicable law for losses caused by ▇▇▇▇▇▇'s non- compliance with 11.1–11.5.

Appears in 2 contracts

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

Effect of Non-compliance with Redelivery Requirements. 11.6.1 Without prejudice to its rights under 13, if the redelivery does not occur in full compliance with 11.1 and 11.5, the Term is automatically extended until the date on which Lessee fully complies. 11.6.2 During any Term extension contemplated by 11.6.1, Lessee (i) may not use the Engine in flight operations, (ii) shall pay Rent plus amounts, if any, specified in Part I, point 25 of the Lease Agreement, and (iii) shall otherwise comply with its obligations hereunder. 11.6.3 The provisions of 11. 6.1 11.6.2 11.6.1–11.6.2 shall not limit Lessor's right to damages under applicable law for losses caused by ▇▇▇▇▇▇'s non- compliance with 11.1–11.5.

Appears in 1 contract

Sources: Master Short Term Engine Lease Agreement (Global Crossing Airlines Group Inc.)

Effect of Non-compliance with Redelivery Requirements. 11.6.1 Without prejudice to its rights under 13, if the redelivery does not occur in full compliance with 11.1 and 11.5, the Term is automatically extended until the date on which Lessee fully complies. 11.6.2 During any Term extension contemplated by 11.6.1, Lessee (i) may not use the Engine in flight operations, (ii) shall pay Rent plus amounts, if any, specified in Part I, point 25 of the Lease Agreement, and (iii) shall otherwise comply with its obligations hereunder. 11.6.3 The provisions of 11. 6.1 11.6.1-11.6.2 shall not limit Lessor's right to damages under applicable law for losses caused by Lessee's n▇▇- ▇▇▇▇'s non- compliance mpliance with 11.1–11.511.1-11.5.

Appears in 1 contract

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