Common use of Loss Destruction Requisition Etc Clause in Contracts

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:

Appears in 11 contracts

Samples: Lease Agreement (Northwest Airlines Corp), Lease Agreement (Northwest Airlines Inc /Mn), Lease Agreement (Northwest Airlines Corp)

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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 and, within forty-five sixty (4560) days after such Event of Loss 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:

Appears in 8 contracts

Samples: Lease Agreement (Us Airways Inc), Lease Agreement (Us Airways Inc), Lease Agreement (Us Airways Inc)

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 (15) days after such occurrence) give Lessor written notice of such Event of Loss, Loss and (2) within forty-five (45) 60 days after such Event of Loss Lessee shall occurrence, give Lessor written notice of its election to perform one of the following options (it being agreed understood that if Lessee shall not have given the failure to give such notice of election within such period, Lessee shall be deemed to have elected be an election of the option set forth in clause (i) below). Lessee may elect either to:):

Appears in 1 contract

Samples: Lease Agreement (United Air Lines Inc)

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 (15) days after such occurrence) give Lessor written notice of such Event of Loss, Loss and (2) within forty-five (45) 60 days after such Event of Loss Lessee shall occurrence, give Lessor written notice of its election to perform one of the following options options, which, in the case of an election of clause (i) below shall be irrevocable (it being agreed understood that if Lessee shall not have given the failure to give such notice of election within such period, Lessee shall be deemed to have elected be an election of the option set forth in clause (i) below). Lessee may elect either to:):

Appears in 1 contract

Samples: Lease Agreement (United Air Lines Inc)

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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 (15) days after such occurrence) give Lessor written notice of such Event of Loss, Loss and (2) within forty-five (45) 60 days after such Event of Loss Lessee shall occurrence, give Lessor written notice of its election to perform one of the following options (it being agreed understood that if Lessee shall not have given the failure to give such notice of election within such period, Lessee shall be deemed to have elected be an election of the option set forth in clause (i) below). Lessee may elect either to:):

Appears in 1 contract

Samples: Lease Agreement (United Air Lines Inc)

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 as soon as practicable (and and, in any event, within fifteen (15) 30 days after such occurrencean Event of Loss has occurred) give notify Lessor written notice of such Event of Loss, and and, within forty-five (45) 90 days after such Event of Loss Loss, Lessee shall give notify Lessor written notice of its election to perform one of the following options (it being agreed that if Lessee shall has not have given such notice of election within such 90-day period, Lessee shall be deemed to have elected to perform the option set forth in the following clause (i) belowii)). Lessee may elect either to:

Appears in 1 contract

Samples: Indenture and Security Agreement (Delta Air Lines Inc /De/)

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