Common use of Payment by Lessor Clause in Contracts

Payment by Lessor. Lessor will not be obliged to pay any amounts to Lessee under this Agreement so long as any sums which are then due from Lessee under this Agreement remain unpaid and any such amounts which would otherwise be due will fall due only if and when ▇▇▇▇▇▇ has paid all such sums.

Appears in 3 contracts

Sources: Lease Agreement, Aircraft Lease Agreement, Lease Agreement

Payment by Lessor. Lessor will not be obliged to pay any amounts to Lessee under this Agreement so long as any sums which are then due from Lessee under this Agreement remain unpaid and any such amounts which would otherwise be due will fall due only if and when ▇▇▇▇▇▇ Lessee has paid all such sums.

Appears in 2 contracts

Sources: Lease Agreement (Global Crossing Airlines Group Inc.), Lease Agreement (Airfund International Limited Partnership)