Common use of Default under Lease Clause in Contracts

Default under Lease. Any Lease shall at any time be terminated other than by its terms or cease to be in full force and effect other than by its terms, or there shall exist a Default or a Lease Event of Default under, and as defined in, any of the Leases; or

Appears in 2 contracts

Sources: Credit Agreement (Atlas Air Inc), Credit Agreement (Atlas Air Inc)

Default under Lease. Any Lease shall at any time be terminated (other than by its terms terms) or cease to be in full force and effect (other than by its terms), or there shall exist a Default or a Lease Event of Default under, and as defined in, any of the Leases; or

Appears in 1 contract

Sources: Credit Agreement (Atlas Air Inc)