Common use of Permitted Sublessee’s Performance and Rights Clause in Contracts

Permitted Sublessee’s Performance and Rights. Any obligation imposed on the Lessee in this Lease shall require only that the Lessee perform or cause to be performed such obligation, even if stated herein as a direct obligation, and the performance of any such obligation by any sublessee or transferee of the Airframe or any Engine or Part permitted by the terms hereof under a Sublease or transfer agreement then in effect shall constitute performance by the Lessee and to the extent of such performance discharges such obligation by the Lessee. Except as otherwise provided in Section 8.01(c)(iii)(F) or a Sublease, a Permitted Sublessee shall have the rights granted to the Lessee hereunder with respect to the Aircraft, Airframe and Engines, and the provisions of this Lease shall be interpreted to permit a Permitted Sublessee to exercise such rights to the extent permitted in the relevant Sublease.

Appears in 2 contracts

Sources: Aircraft Lease Agreement (Republic Airways Holdings Inc), Aircraft Lease Agreement (Republic Airways Holdings Inc)