Loss Destruction Requisition Etc. (a) Event of Loss with Respect to the Aircraft. Upon the occurrence of an Event of Loss with respect to the Airframe or the Airframe and the Engines and/or engines then installed thereon, Lessee shall forthwith (and in any event, within fifteen (15) days after such occurrence) give Lessor written notice of such Event of Loss, and within forty-five (45) days after such Event of Loss Lessee shall give Lessor written notice of its election to perform one of the following options (it being agreed that if Lessee shall not have given such notice of election within such period, Lessee shall be deemed to have elected the option set forth in clause (i) below). Lessee may elect either to:
Loss Destruction Requisition Etc. (a) Event of Loss with Respect to the Aircraft. Upon the occurrence of an Event of Loss with respect to the Airframe or the Airframe and the Engines and/or engines then installed thereon, the Owner shall forthwith (and in any event, within fifteen (15) days after such occurrence) give the Indenture Trustee written notice of such Event of Loss, and within forty-five (45) days after such Event of Loss the Owner shall give the Indenture Trustee written notice of its election to perform one of the following options (it being agreed that if the Owner shall not have given such notice of election within such period, the Owner shall be deemed to have elected the option set forth in clause (i) below). The Owner may elect either to:
Loss Destruction Requisition Etc. (a) Event of Loss with Respect to the Aircraft. Upon the occurrence of an Event of Loss with respect to the Airframe or the Airframe and the Engines and/or engines then installed thereon, Sublessee shall forthwith (and in any event, within five (5) days after such occurrence) give Sublessor and Head Lessor written notice of such Event of Loss. Not later than the earlier of (x) the Business Day next succeeding the 90th day following the occurrence of such Event of Loss or (y) an earlier Business Day irrevocably specified fifteen (15) days in advance by notice from Sublessee to Sublessor (the “Loss Payment Date”), Sublessee shall pay or cause to be paid to Sublessor (or its designee) in funds of the type specified in Section 3(d) hereof, an amount equal to the Stipulated Loss Value corresponding to the Stipulated Loss Value Date occurring on or immediately following the Loss Payment Date; provided, however, that if a Sublease Period Date shall occur on or prior to the Loss Payment Date with respect to which Stipulated Loss Value is determined, Sublessee shall pay on such Sublease Period Date an amount equal to the Basic Rent that would have been due on or prior to such Sublease Period Date if such Event of Loss had not occurred. At such time as Sublessor shall have received the amounts specified in the preceding sentence, together with all other amounts that then may be due hereunder (including, without limitation, all Basic Rent due before the Stipulated Loss Value Date by reference to which the Stipulated Loss Value is calculated for the Loss Payment Date and all Supplemental Rent then due) (1) the obligation of Sublessee to pay the installments of Basic Rent, Supplemental Rent, Stipulated Loss Value or any other amount shall cease to accrue (but without affecting the provisions of Section 29(b) or 29(c) hereof), (2) except for the provisions of Sections 29(b) and 29(c) of this Sublease (which shall survive), this Sublease shall terminate, (3) Sublessor will transfer, and exercise such rights as it may have to cause Head Lessor to transfer, to or at the direction of Sublessee, without recourse or warranty (except, with respect to Head Lessor, as to the absence of Head Lessor Liens, including for this purpose Liens which would be Head Lessor Liens but for the proviso in the definition of Head Lessor Liens, and, with respect to Sublessor, as to the absence of Sublessor Liens, including for this purpose Liens which would be Sublessor Liens but for the proviso...
Loss Destruction Requisition Etc. (a) Lessee hereby assumes the risk of direct and consequential loss and damage to the Cars. Except as otherwise provided herein, no loss or damage to the Cars or any part thereof shall release or impair any obligations of Lessee under this Lease. Lessee agrees that Lessor shall not incur any liability to Lessee for any loss of business, loss of profits, expenses, or any other damages resulting to Lessee by reason of any failure of or delay in delivery or any delay caused by any non-performance, defective performance, or breakdown of the Cars, nor shall Lessor at any time be responsible for personal injury or the loss or destruction of any other property resulting from the Cars. In the event of loss or damage to any Car which does not constitute an Event of Loss (as hereinafter defined), Lessee shall, at its sole cost and expense, promptly repair and restore such Car to the condition required by this Lease. Provided that Lessee is not then in Default, upon receipt of evidence reasonably satisfactory to Lessor of completion of such repairs, Lessor will apply any insurance proceeds received by Lessor on account of such loss to the cost of repairs.
Loss Destruction Requisition Etc. During the Lease Term except as otherwise expressly provided herein, Lessee shall bear the entire risk of loss of or damage to the Aircraft. Accordingly:
Loss Destruction Requisition Etc. (a) Event of Loss with Respect to the Aircraft. Upon the occurrence ------------------------------------------ of an Event of Loss with respect to the Airframe or the Airframe and the Engines and/or engines then installed thereon, Lessee shall (1) forthwith (and in any event, within fifteen days after such occurrence) give Lessor written notice of such Event of Loss and (2) within 45 days after such occurrence, give Lessor written notice of its election to perform one of the following options (it [First Amended and Restated Lease Agreement (1989 I)] being understood that the failure to give such notice shall be deemed to be an election of the option set forth in subsection (i) below). Not later than the earlier to occur of (x) the Business Day next succeeding the 120th day following the occurrence of such Event of Loss and (y) the third Business Day after receipt of insurance proceeds, Lessee shall:
Loss Destruction Requisition Etc. 24 12.01 Event of Loss with Respect to the Aircraft................. 24 12.01(A) Replacement of Airframe and Engines........................ 24 12.01(B) Payment of Stipulated Loss Value and Rent.................. 25 12.01(C)............................................................ 25 12.01(D) Payment of Basic Rent Pending Replacement.................. 25 12.01(E) Conditions to Replacement of Aircraft...................... 26 12.01(F) Recordation and Opinions................................... 27 12.01(G) Conveyance................................................. 27 12.02 Event of Loss with Respect to an Engine....................... 27 12.02(A) Event of Loss.............................................. 27 12.02(B) Conditions; Lessee's Obligations........................... 27 12.02(C) Recordation and Opinions................................... 28 12.02(D) Conveyance; Replacement Engine............................. 28 12.02 (E) No Reduction of Basic Rent............................... 28 12.03 Application of Payments from Governmental Authorities for Requisition of Title...................................... 28 12.03 (A) Replacement of Airframe and Engines...................... 29 12.03 (B) Replacement of Engine.................................... 29 12.03 (C) Nonreplacement........................................... 29 12.04 Requisition for Use by the United States Government of the Airframe and the Engines Installed Thereon.............. 29 12.05 Requisition for Use by Government of an Engine.............. 30 12.06 Application of Payments During Existence of Event of Default..................................................... 30 13. Insurance .......................................................... 30 13.01
Loss Destruction Requisition Etc. 12.01 (A).
Loss Destruction Requisition Etc. During the Term, LESSEE shall bear ------------------------------------ the entire risk of loss of or damage to the Engines. Accordingly:
Loss Destruction Requisition Etc. (a) Event of Loss with Respect to the Airframe. Upon the occurrence of an Event of Loss with respect to the Airframe, the Obligors shall forthwith (and in any event within 5 Business Days after such occurrence) give the Lead Secured Party notice of such Event of Loss. The Obligors shall, within thirty (30) days after such occurrence, give the Lead Secured Party written notice of its election to perform one of the following options (it being agreed that if the Obligors shall not have given the Lead Secured Party such notice of such election, the Obligors shall be deemed to have elected to perform the option identified in the following clause (ii)):
