Common use of PAYMENT OF LOSS Clause in Contracts

PAYMENT OF LOSS. If such amounts are received, in whole or in part, with respect to the Airframe, and Lessee makes, has made or is deemed to have made the election set forth in Section 10.1.2, such amounts shall be applied as follows:

Appears in 19 contracts

Samples: Lease Agreement (Continental Airlines Inc /De/), Lease Agreement (Continental Airlines Inc /De/), Lease Agreement (Continental Airlines Inc /De/)

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PAYMENT OF LOSS. If such amounts are received, in whole or in part, with respect to the Airframe, and Lessee makes, has made or is deemed to have made the election set forth in Section (S) 10.1.2, such amounts shall be applied as follows:

Appears in 1 contract

Samples: Note Purchase Agreement (Airtran Holdings Inc)

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