Frontier Airlines 2006 Annual Report Download - page 267

(d) Survival During Wind-Down Period. Notwithstanding the Termination Date indicated in any notice of
termination provided by either party pursuant to this Agreement, upon any termination hereunder where a party has elected to provide
a Wind-Down Schedule, the Term shall continue, and this Agreement shall survive in full force and effect, beyond the Termination
Date until the end of the Wind-Down Period, if any, and the rights and obligations of the parties under this Agreement, including
without limitation remedies available upon the occurrence of events constituting Cause or material breach, shall continue with respect
to the Covered Aircraft until the final Covered Aircraft is withdrawn from this Agreement.
Section 8.03 Disposition of Aircraft during Wind-Down Period
(a) Termination by Frontier for Cause . If this Agreement is terminated pursuant to Section 8.02(a), the Covered
Aircraft shall be completely withdrawn from the capacity purchase provisions of this Agreement as of the Termination Date and shall
cease to be Covered Aircraft as of such date, unless the notice of termination provided by Frontier under Section 8.02(a) indicates that
Frontier intends to submit a Wind-Down Schedule. In such event within 120 days of sending the notice of termination pursuant to
Section 8.02(a), Frontier will provide an irrevocable Wind-Down Schedule according to which the Covered Aircraft will be
withdrawn from the capacity purchase provisions of this Agreement. The Wind-Down Schedule will provide for the withdrawal of the
Covered Aircraft no sooner than the Termination Date and no later than 24 months from the Termination Date. The provisions of this
Section 8.03(a) shall supersede any Wind-Down Schedule delivered pursuant to any other provision of this Agreement.
_______________
* Confidential
Source: REPUBLIC AIRWAYS HOLDINGS INC, 10-K, March 15, 2007 Powered by Morningstar® Document Research℠