Common use of Storage Upon Return Clause in Contracts

Storage Upon Return. Upon request of Lessor received at least 30 days prior to the end of the Term, Lessee will store the Aircraft at its expense in Honolulu, Hawaii for a period not exceeding 60 days. Lessee shall at its expense maintain liability and hull insurance with respect to the Aircraft during such storage period that meet industry standards for a stored aircraft and Lessor shall be named an additional insured and loss payee under such insurance.

Appears in 3 contracts

Sources: Lease Agreement (Turn Works Acquisition Iii Sub a Inc), Lease Agreement (Turn Works Acquisition Iii Sub a Inc), Lease Agreement (Turn Works Acquisition Iii Sub a Inc)