AUTHORIZING LESSEE TO FAIL TO MEET,
OR CONSENTING TO OR WAIVING ANY FAILURE BY LESSEE TO PERFORM, LESSEE'S
OBLIGATION TO RETURN THE ENGINE IN ACCORDANCE WITH THE REQUIREMENTS OF THIS
LEASE AND LESSOR SHALL BE ENTITLED TO ALL OF THE BENEFITS OF, AND ALL OF ITS
RIGHTS AND REMEDIES SET FORTH IN, SECTIONS 14 AND 15 HEREOF.
(C)
[INTENTIONALLY OMITTED]
(D)
SUPPLEMENTAL RENT.
LESSEE SHALL PAY (OR CAUSE TO BE PAID)
PROMPTLY TO LESSOR, OR TO WHOMSOEVER SHALL BE ENTITLED THERETO, ANY AND ALL
SUPPLEMENTAL RENT CONSTITUTING STIPULATED LOSS VALUE AS THE SAME SHALL BECOME
DUE AND OWING AND ALL OTHER AMOUNTS OF SUPPLEMENTAL RENT WITHIN FIVE DAYS AFTER
DEMAND OR WITHIN SUCH OTHER RELEVANT PERIOD AS MAY BE PROVIDED IN ANY LESSEE
DOCUMENT, AND IN THE EVENT OF ANY FAILURE ON THE PART OF LESSEE TO PAY ANY
SUPPLEMENTAL RENT WHEN DUE, LESSOR SHALL HAVE ALL RIGHTS, POWERS AND REMEDIES
PROVIDED FOR HEREIN OR IN ANY OTHER LESSEE DOCUMENT OR BY LAW OR EQUITY OR
OTHERWISE IN THE CASE OF NONPAYMENT OF BASIC RENT. LESSEE ALSO WILL PAY TO
LESSOR, OR TO WHOMSOEVER SHALL BE ENTITLED THERETO, ON DEMAND, AS SUPPLEMENTAL
RENT, TO THE EXTENT PERMITTED BY APPLICABLE LAW, INTEREST AT THE PAST DUE RATE
ON ANY PART OF ANY INSTALLMENT OF BASIC RENT NOT PAID WHEN DUE FOR ANY PERIOD
FOR WHICH THE SAME SHALL BE OVERDUE AND ON ANY PAYMENT OF SUPPLEMENTAL RENT NOT
PAID WHEN DUE FOR THE PERIOD UNTIL THE SAME SHALL BE PAID.
(E)
PAYMENTS IN GENERAL.
ALL PAYMENTS OF RENT SHALL BE MADE DIRECTLY
BY LESSEE BY WIRE TRANSFER OF IMMEDIATELY AVAILABLE FUNDS PRIOR TO 10:30 A.M.,
NEW YORK TIME, ON THE DATE OF PAYMENT, TO LESSOR AT ITS ACCOUNT AT USBANK,
MINNEAPOLIS, ABA NO. 091000022, FOR THE ACCOUNT OF NORTHWEST AIRLINES, INC.,
ACCOUNT NO. *** (OR SUCH OTHER ACCOUNT OF LESSOR IN THE CONTINENTAL UNITED
STATES AS LESSOR SHALL DIRECT IN A NOTICE TO LESSEE AT LEAST 10 BUSINESS DAYS
PRIOR TO THE DATE SUCH PAYMENT OF RENT IS DUE).
ALL PAYMENTS OF SUPPLEMENTAL
RENT SHALL BE
A2-13
MADE IN DOLLARS IN IMMEDIATELY AVAILABLE FUNDS PRIOR TO 10:30 A.M., NEW YORK
TIME, ON THE DUE DATE THEREOF AT SUCH OFFICE OF SUCH OTHER FINANCIAL INSTITUTION
LOCATED IN THE CONTINENTAL UNITED STATES AS THE PARTY ENTITLED THERETO MAY SO
DIRECT AT LEAST TEN (10) BUSINESS DAYS PRIOR TO THE DUE DATE THEREOF.
Notwithstanding anything to the contrary contained herein, if any date on which
a payment of Rent becomes due and payable is not a Business Day, then such
payment shall not be made on such scheduled date but shall be made on the next
succeeding Business Day with the same force and effect as if made on such
scheduled date and (provided such payment is made on such next succeeding
Business Day) no interest shall accrue on the amount of such payment from and
after such scheduled date.
SECTION 4.
Lessor's Representations and Warranties.
LESSOR LEASES AND LESSEE
TAKES THE ENGINE