Common use of Standby Servicer Clause in Contracts

Standby Servicer. AerCo has advised the Servicer that AerCo has entered into the Standby Servicing Agreement with the Standby Servicer pursuant to which AerCo may, upon notice to the Standby Servicer, instruct the Standby Servicer to perform certain services on behalf of AerCo Group, including the Services, in accordance with the terms of the Standby Servicing Agreement upon a termination of this Agreement pursuant to Section 10.02 hereof. AerCo agrees, so long as it maintains a Standby Servicer pursuant to the Standby Servicing Agreement during the term of this Agreement, to pay the costs of such appointment and the ongoing fees of such Standby Servicer.