Loss Destruction or Requisition. (a) Event of Loss with Respect to the Airframe. Upon the occurrence of an Event of Loss with respect to the Airframe or the Airframe and the Engines then installed thereon, the Company shall as promptly as practicable (and, in any event, within 15 days after such occurrence) give the Loan Trustee written notice of such Event of Loss, and, within 90 days after such Event of Loss, the Company shall give the Loan Trustee written notice of its election to perform one of the following options (it being agreed that if the Company shall not have given such notice of election within such 90-day period, the Company shall be deemed to have elected to perform the option set forth in the following clause (ii)). The Company may elect either to:
Loss Destruction or Requisition. (a) Event of Loss with Respect to the Airframe. ------------------------------------------ Upon the occurrence of an Event of Loss with respect to the Airframe, the Lessee shall forthwith (and in any event within 15 days after such occurrence) give the Lessor and the Owner Participant notice of such Event of Loss. The Lessee shall, within 45 days after such occurrence, give the Lessor and the Owner Participant written notice of its election to perform one of the following options (it being agreed that if the Lessee shall not have given the Lessor such notice of such election, the Lessee shall be deemed to have elected to perform the option identified in the following clause (ii)):
Loss Destruction or Requisition. (a) Event of Loss with Respect to the Airframe. Upon the occurrence of an Event of Loss with respect to the Airframe, the Owner shall promptly (and in any event within 15 days after such occurrence) give the Mortgagee written notice of such Event of Loss. The Owner shall, within 60 days after such occurrence, give the Mortgagee written notice of Owner's election to either replace the Airframe as provided under Section 4.05(a)(i) or to make payment in respect of such Event of Loss as provided under Section 4.05(a)(ii) (it being agreed that if Owner shall not have given the Mortgagee such notice of such election within the above specified time period, the Owner shall be deemed to have elected to make payment in respect of such Event of Loss as provided under Section 4.05(a)(ii)):
Loss Destruction or Requisition. (a) Event of Loss with Respect to the Airframe. ------------------------------------------ Upon the occurrence of an Event of Loss with respect to the Airframe, the Company shall forthwith (and in any event within 30 days after such occurrence) give the Indenture Trustee notice of such Event of Loss. The Company shall, within 60 days after such occurrence, give the Indenture Trustee notice of its election to perform one of the following options (it being agreed that 21- if the Company shall not have given the Indenture Trustee such notice of such election, the Company shall be deemed to have elected to perform the option identified in the following clause (ii)):
Loss Destruction or Requisition. TRUST INDENTURE 16-1 BACK
Loss Destruction or Requisition. (a) TOTAL LOSS WITH RESPECT TO THE AIRFRAME. Upon the occurrence of a Total Loss with respect to the Airframe, the Borrower shall promptly (and, in any event, within 7 days after such occurrence) give the Lender written notice of such Total Loss. Within 90 days following the occurrence of such Total Loss, the Borrower shall prepay (or, if applicable, pay) the Note in full in accordance with the Loan Agreement.
Loss Destruction or Requisition. (a) Event of Loss with Respect to the Airframe. Upon the occurrence of an Event of Loss with respect to the Airframe or the Airframe and the Engines then installed thereon, the Company shall as promptly as practicable (and, in any event, within 15 days after such occurrence) give the Loan Trustee written notice of such Event of Loss, and, within 90 days after such Event of Loss, the Company shall give the Loan Trustee written notice of its election to perform one of the following options (it being agreed that if the Company shall not have given Indenture and Security Agreement (American Airlines 2011-2 Aircraft EETC) [Reg. No.] 64 such notice of election within such 90-day period, the Company shall be deemed to have elected to perform the option set forth in the following clause (ii)). The Company may elect either to:
Loss Destruction or Requisition. (a) Event of Loss With Respect to Airframes. Upon the occurrence of an Event of Loss with respect to an Airframe or an Engine, the Company shall forthwith (and in any event within ten (10) days after such occurrence) give the Collateral Agent written notice of such Event of Loss. The Company shall, within twenty (20) days after the occurrence of an Event of Loss with respect to such Airframe give the Collateral Agent written notice of its election to perform one of the following options (it being agreed that, if the Company shall not have given notice of such election within such 20 day period, the Company shall be required to reduce the Total Revolving Commitments pursuant to Section 7.5(a)(iii) of the Credit Agreement). The Company may elect either to (i) reduce the Total Revolving Commitments pursuant to Section 7.5(a)(iii) of the Credit Agreement or (ii) cause to be subjected to the Lien of this Mortgage in replacement thereof not later than the Business Day next succeeding the 30th day following the occurrence of such Event of Loss, a Replacement Airframe (together with the same number of Replacement Engines as the number of Engines, if any, installed on such Airframe at the time such Event of Loss occurred), such Replacement Airframe and Replacement Engines to be free and clear of all Liens except Permitted Liens, to have a value, utility and remaining useful life at least equal to, and to be of a comparable or improved model as, such Airframe and Engines, if any, so replaced, as of the date of the Event of Loss (assuming such Airframes and Engines were in the condition required by the terms hereof); provided that if the Company does not perform its obligation to effect such replacement in accordance with this Section 3.5(a) during the period of time provided herein, then the Company shall reduce the Total Revolving Commitments pursuant to Section 7.5(a)(iii) of the Credit Agreement on the Business Day next succeeding the 30th day following the occurrence of such Event of Loss.
Loss Destruction or Requisition. Section 7.06 Insurance....................................................
Loss Destruction or Requisition. (a) Event of Loss With Respect to the Airframe. Upon the occurrence of an Event of Loss with respect to the Airframe, the Owner shall promptly (and in any event within 15 days after such occurrence) give the Mortgagee written notice of such Event of Loss. The Owner shall, within 45 days after such occurrence, give the Mortgagee written notice of Owner's election to either replace the Airframe as provided under Section 4.05(a)(i) or to make payment in respect of such Event of Loss as
