Events of Loss. (a) If an Event of Loss occurs prior to delivery of the Aircraft to Lessee, this Agreement will immediately terminate and, except as expressly stated in this Agreement, neither party will have any further obligation or liability under this Agreement except that Lessor will refund to Lessee the amount of any Aircraft Deposit paid under this Agreement; and
Appears in 3 contracts
Samples: Aircraft Lease Agreement (Vanguard Airlines Inc \De\), Aircraft Lease Agreement (Vanguard Airlines Inc \De\), Aircraft Lease Agreement (Vanguard Airlines Inc \De\)
Events of Loss. (a) PRE-DELIVERY: If an Event of Loss occurs prior to delivery of the Aircraft to Lessee, this Agreement will immediately terminate and, and except as expressly stated in this Agreement, Agreement neither party will have any further obligation or liability under this Agreement other than pursuant to Clause 15.8, except that Lessor will refund to Lessee the amount of any Aircraft Security Deposit and any other amounts paid by or on behalf of Lessee under this Agreement; and
Appears in 1 contract
Events of Loss. (a) If an Event of Loss occurs with respect to the Aircraft prior to delivery of the Aircraft to Lessee, this Agreement will immediately terminate and, except as expressly stated in this Agreement, neither party will have any further obligation or liability under this Agreement except that Lessor will refund to Lessee the amount of any Aircraft Deposit paid under this Agreement; and
Appears in 1 contract
