Common use of Promptly following Clause in Contracts

Promptly following. (1) Redelivery of the Aircraft to Lessor in accordance with and in the condition required by this Agreement; or (2) payment to Lessor of the Agreed Value following an Event of Loss after the delivery Date; or, in each case, such later time as Lessor is satisfied Lessee has paid to Lessor all amounts which may then be due and payable under this Agreement, Lessor will: (a) pay to Lessee the amount of any Rent received in respect of any period falling after the Redelivery Date or payment of the Agreed Value, as the case may be; (b) return to Lessee any remaining Cash Deposit, subject to any application and reduction by Lessor pursuant to Clause 5.1; and (c) return the Letters of Credit to Lessee, subject to any drawings pursuant to Clause 5.1.