Common use of Loss Destruction or Requisition Clause in Contracts

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 30 days after such occurrence) give the Lessor and the Indenture Trustee notice of such Event of Loss. The Lessee shall, within 60 days after such occurrence, give the Lessor and the Indenture Trustee 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 Lessee shall forthwith (and in any event within 30 15 days after such occurrence) give the Lessor Lessor, the Owner Participant and the Indenture Trustee notice of such Event of Loss. The Lessee shall, within 60 days after such occurrence, give the Lessor Lessor, the Owner Participant and the Indenture Trustee 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 Lessee shall forthwith (and in any event within 30 10 days after such occurrence) give the Lessor Lessor, the Owner Participant, each Noteholder and the Indenture Trustee notice of such Event of Loss. The Lessee shall, within 60 days after such occurrence, give the Lessor Lessor, the Owner Participant, each Noteholder and the Indenture Trustee 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 AirframeAirframe or the Airframe and the Engines and/or engines then installed thereon, the Lessee shall forthwith (and in any event within 30 15 days after such occurrence) give the Lessor Lessor, the Owner Participant and the Indenture Trustee notice of such Event of Loss. The Lessee shall, within 60 days after such occurrence, give the Lessor Lessor, the Owner Participant and the Indenture Trustee 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 Lessee shall forthwith (and in any event within 30 15 days after such occurrence) give the Lessor and the Indenture Trustee Owner Participant notice of such Event of Loss. The Lessee shall, within 60 45 days after such occurrence, give the Lessor and the Indenture Trustee 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)):