Common use of Lessor Obligations Following Expiry Date Clause in Contracts

Lessor Obligations Following Expiry Date. Promptly following: (a) redelivery of the Aircraft to Lessor in accordance with and in the condition required by the Lease; or (b) payment to Lessor of the Agreed Value following an Event of Loss after the Delivery Date; or (c) termination of the Lease prior to the commencement of the Term in accordance with the provisions of the Lease; or (d) [Intentionally Omitted] (e) or in each case such later time as Lessee has irrevocably paid to Lessor all amounts that may then be due and payable under the Lease and each of the Transaction Agreements and in each case so long as no Default has occurred and is continuing: (i) Lessor will pay to Lessee the balance of the Deposit (if any); (ii) Lessor will pay to Lessee the amount of any Rent received in respect of any period falling after the date of redelivery of the Aircraft or payment of the Agreed Value, as the case may be; (iii) Lessor will return to Lessee or cancel any Letter of Credit and release and return any Guarantee; and (iv) Lessor will pay to Lessee any amounts payable to Lessee pursuant to Section 7.2 hereof and such other amounts (if any) as may be provided in the Aircraft Lease Agreement.

Lessor Obligations Following Expiry Date. Promptly following: (a) redelivery of the Aircraft Engine to Lessor in accordance with and in the condition required by the Lease; or (b) payment to Lessor of the Agreed Value following an Event of Loss after the Delivery DateDate (in the event Lessee chooses not to replace the Engine pursuant to Section 8.11(b) (Permanent Replacement)); or (c) termination of the Lease prior to the commencement of the Term in accordance with the provisions of the Lease; or (d) [Intentionally Omitted] (e) or in each case such later time as Lessee has irrevocably paid to Lessor all amounts that may then be due and payable under the Lease and each of the Transaction Agreements and in each case so long as no Default has occurred and is continuing: (i) Lessor will pay to Lessee the balance of the Deposit (if any); (ii) Lessor will pay to Lessee the amount of any Rent received in respect of any period falling after the date of redelivery of the Aircraft Engine or payment of the Agreed Value, as the case may be; (iii) Lessor will return to Lessee or cancel any Letter of Credit and release and return any Guarantee; and (iv) Lessor will pay to Lessee any amounts payable to Lessee pursuant to Section 7.2 (Maintenance Contribution) hereof and such other amounts (if any) as may be provided in the Aircraft Engine Lease Agreement.