LEASE AGREEMENT by and between INDIANAPOLIS AIRPORT AUTHORITY and AAR AIRCRAFT SERVICES, INC.

Aircraft Lease Agreement

You are currently viewing:

This Aircraft Lease Agreement involves

AAR CORP | INDIANAPOLIS AIRPORT AUTHORITY | AAR AIRCRAFT SERVICES, INC.

. RealDealDocs™ contains millions of easily searchable legal documents and clauses from top law firms. Search for free - click here.

Title: LEASE AGREEMENT by and between INDIANAPOLIS AIRPORT AUTHORITY and AAR AIRCRAFT SERVICES, INC.
Governing Law: Indiana Date: 7/22/2005
Industry: AIRDEF Sector: CAPGDS

Search Aircraft Lease Agreement by:

Exhibit 10

Exhibit 10.19

LEASE AGREEMENT

by and between

INDIANAPOLIS AIRPORT AUTHORITY

and

AAR AIRCRAFT SERVICES, INC.

Dated as of June 14, 2004

Index to IMC Lease Agreement

ARTICLE I.	DEFINITIONS

Section 101.		Definitions below:

ARTICLE II.	LEASE OF LEASED PREMISES; OWNERSHIP OF IMPROVEMENTS AND EQUIPMENT; USE OF LEASED PREMISES

Section 201.		Lease of Leased Premises
Section 202.		Ownership of Improvements and Equipment
Section 203.		Master Lists of Equipment and Excluded Property.
Section 204.		Condition of Leased Premises
Section 205.		Possession of Leased Premises; Activation.
Section 206.		Use of Leased Premises; Prohibited Uses.

ARTICLE III.	REPRESENTATIONS, WARRANTIES AND COVENANTS

Section 301.		Representations, Warranties and Covenants by Authority
Section 302.		Representations, Warranties and Covenants by Tenant

ARTICLE IV.	OPTION TO EXPAND LEASED PREMISES

Section 401.		Tenant’s Option to Expand Leased Premises

ARTICLE V.	TERM; EXTENSION PERIODS

Section 501.		Term; Extension Option.
Section 502.		Right to Terminate Upon Certain Events.
Section 503.		Rights at Expiration/Termination.
Section 504.		Early Termination Rights.

ARTICLE VI.	RENTALS, FEES AND RECORDS

Section 601.		Rental.
Section 602.		Field Use Charge
Section 603.		Time and Place of Payments
Section 604.		Delinquent Rentals
Section 605.		Authority Incentives.

ARTICLE VII.	OBLIGATIONS OF TENANT

Section 701.		Payment of Rental and Other Amounts
Section 702.		Operation and Use of Leased Premises.
Section 703.		Trash, Garbage and Other Refuse; Outside Storage.

Section 704.		Licenses and Permits
Section 705.		Hazardous Materials.
Section 706.		Industrial Discharge Permit; Air Permits.
Section 707.		Signs
Section 708.		Rules and Regulations for Safety, Care and Cleanliness
Section 709.		Taxes
Section 710.		Nondiscrimination.
Section 711.		Civil Rights
Section 712.		Affirmative Action.
Section 713.		INTENTIONALLY OMITTED.
Section 714.		Observance of Statutes
Section 715.		Hazard Lights
Section 716.		Liens.
Section 717.		Tenant to Maintain Organizational Existence
Section 718.		Advances by Authority

ARTICLE VIII.	OBLIGATIONS OF AUTHORITY

Section 801.		Ingress and Egress
Section 802.		Quiet Enjoyment of the Leased Premises.

ARTICLE IX.	COMPLIANCE WITH SECURITY REQUIREMENTS

Section 901.		Security Agreement
Section 902.		Security Rules and Regulations of Authority, FAA and TSA

ARTICLE X.	MAINTENANCE, REPAIRS AND REPLACEMENTS

Section 1001.		Maintenance, Repairs and Replacements to Facilities and Leased Premises (other than Equipment)
Section 1002.		Maintenance Repairs and Replacements of and to Equipment.
Section 1003.		Prompt Notification of Damage, Defects or Malfunction
Section 1004.		Access to Leased Premises
Section 1005.		Inventory of Equipment at Leased Premises.

ARTICLE XI.	FACILITIES OPERATIONS AND SERVICES

Section 1101.		Services
Section 1102.		Authority Not Liable for Malfunctions
Section 1103.		Utilities to Be Obtained and Maintained by Tenant
Section 1104.		Energy and Utility Conservation
Section 1105.		Reimbursement by Tenant

ARTICLE XII.	FINANCIAL SECURITY

Section 1201.		Letter of Credit
Section 1202.		Guaranty

ARTICLE XIII.	AUTHORITY’S RESERVATIONS

Section 1301.		Improvement, Relocation or Removal
Section 1302.		Inspection of Leased Premises; Exhibition of Leased Premises
Section 1303.		Subordination to U.S. Government
Section 1304.		Suspension of Lease Agreement

ARTICLE XIV.	COMMON AREAS

Section 1401.		Definition
Section 1402.		Tenant’s Use of Common Areas
Section 1403.		Maintenance
Section 1404.		Reservation of Rights

ARTICLE XV.	INSURANCE

Section 1501.		Authority’s Insurance
Section 1502.		Tenant’s Insurance.
Section 1503.		Application of Insurance Proceeds
Section 1504.		Release and Waiver of Subrogation

ARTICLE XVI.	CASUALTY DAMAGE AND CONDEMNATION

Section 1601.		Damage by Casualty
Section 1602.		Condemnation.

ARTICLE XVII.	GENERAL INDEMNITY

Section 1701.		Tenant Indemnity
Section 1702.		Authority Indemnity.

ARTICLE XVIII.	EVENTS OF DEFAULT BY AUTHORITY

Section 1801.		Events of Default by Authority