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Title: |
Aircraft Lease |
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Entities: |
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Date: |
2003 |
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Price: |
$35 |
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ID: |
#1653777 |
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AIRCRAFT LEASE
THIS AIRCRAFT LEASE is made and entered into at Liberal, Kansas as of the 15th day of December, 1998, by and between J.R. MILLER ENTERPRISES, L.L.C., a Utah limited liability company, with its principal place of business located at 3562 Oakwood, Park City, Utah 84060-3997, as lessor, hereinafter called OWNER, and FARMLAND NATIONAL BEEF PACKING COMPANY, L.P., a Delaware limited partnership, with a place of business at 1501 E. 8th Street, Liberal, Kansas 67905, hereinafter called LESSEE.
W I T N E S S E T H: That;
1. THE LEASED AIRCRAFT. OWNER leases to LESSEE, and LESSEE leases from OWNER, upon the terms and conditions herein contained, the following described aircraft, including, without limitation, all presently installed equipment, including, but not limited to, the engines identified below and the equipment listed on Annex A, all engine, airframe, and other logbooks for or relating to the aircraft and all additions thereto and replacements or substitutions therefor, all of the foregoing items (including, without limitation, all additions thereto and replacements or substitutions therefor) being herein referred to as the Aircraft:
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Citation Model |
SII | |
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Serial No. |
550-0493 | |
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FAA Reg. No. |
N84GC | |
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Engine(s): |
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Make & Model |
Pratt Whitney JT 15D-4B | |
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Serial No. LH PCE-71395 | ||
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Serial No. RH PCE-71398 | ||
OWNER either owns the Aircraft on the date hereof or will purchase the Aircraft on or before the date the Aircraft is actually delivered to LESSEE.
2. DELIVERY OF AIRCRAFT. The Aircraft will be delivered to LESSEE at Wichita, Kansas, or at such other location and on such terms as shall be mutually agreed to by the parties.
3. LOCATION AND USE OF AIRCRAFT. The Aircraft shall be based at the Liberal Municipal Airport at Liberal, Seward County, Kansas. The permanent base of the Aircraft may not be changed to another location without OWNERs prior written consent to such new
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permanent base. LESSEE shall not fly the Aircraft outside the continental United States without the prior written consent of OWNER. LESSEE will use the Aircraft for business purposes in connection with its business and shall not use the Aircraft for the transportation of persons or goods for hire to third parties without OWNERs prior express written consent. LESSEE shall have operational control and possession, command and control of the aircraft at all times under this Lease, except when OWNER is using the aircraft pursuant to Article 11.
4. TERM AND LEASE RENTAL. The Aircraft is leased for a term of sixty (60) months, commencing with the date of the delivery of the Aircraft to LESSEE as shown on a delivery and acceptance receipt signed by LESSEE or LESSEEs agent. Any prior lease of the Aircraft between OWNER and LESSEE shall be considered canceled as of the commencement day of this Lease. As consideration for the lease of the Aircraft, LESSEE agrees to pay OWNER even monthly rentals, in advance, of Sixteen Thousand Seven Hundred Fifty-nine & 27/100 Dollars ($16,759.27) (hereinafter Regular Monthly Rental Payments). The first Regular Monthly Rental Payment shall be paid to OWNER on the delivery date of the Aircraft, and each subsequent Regular Monthly Rental Payment shall be due and payable to OWNER on or before the same day of each succeeding month (hereinafter Monthly Rental Payment Date) during the lease term. All payments shall be payable to J.R. Miller Enterprises, L.L.C., unless otherwise directed. Any late rental payments shall be subject to a late payment fee of one and one-half percent (1 1/2%) of the amount of the late rental payment per month or fraction thereof.
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