Common use of Requisition for Use by the Government of an Engine not Installed on the Airframe Clause in Contracts

Requisition for Use by the Government of an Engine not Installed on the Airframe. In the event of the requisition for use by any government of any Engine not then installed on the Airframe, the Company will replace such Engine by complying with the terms of Section 7.05(b) to the same extent as if an Event of Loss had occurred with respect to such Engine. Upon such replacement, any payments received by the Company or the Loan Trustee from such government with respect to such requisition shall be paid over to, or retained by, the Company.

Appears in 16 contracts

Samples: Participation Agreement (American Airlines Inc), Participation Agreement (American Airlines Inc), Participation Agreement (American Airlines Inc)

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Requisition for Use by the Government of an Engine not Installed on the Airframe. In the event of the requisition for use by any government of any Engine not then installed on the Airframe, the Company will replace such Engine by complying with the terms of Section 7.05(b) to the same extent as if an Event of Loss had occurred with Indenture and Security Agreement (American Airlines 2011-2 Aircraft EETC) [Reg. No.] 70 respect to such Engine. Upon such replacement, any payments received by the Company or the Loan Trustee from such government with respect to such requisition shall be paid over to, or retained by, the Company.

Appears in 1 contract

Samples: Indenture and Security Agreement (American Airlines Inc)

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