Common use of Requisition for Use by the Government of the Airframe and the Engines Installed Thereon Clause in Contracts

Requisition for Use by the Government of the Airframe and the Engines Installed Thereon. In the event of the requisition for use or hire by any government (it being acknowledged that the use of the Airframe or any Engine pursuant to the CRAF Program does not constitute such a requisition or hire) of the Airframe and the Engines or engines installed on the Airframe that does not constitute an Event of Loss, all of Company’s rights and obligations under this Indenture with respect to the Airframe and such Engines shall continue to the same extent as if such requisition or hire had not occurred; provided that, notwithstanding the foregoing, Company’s obligations other than payment obligations shall only continue to the extent feasible. All payments received by Company or Loan Trustee from such government for such requisition of the Airframe and Engines or engines shall be paid over to, or retained by, Company.

Appears in 16 contracts

Samples: Indenture and Security Agreement (Fedex Corp), Indenture and Security Agreement (Fedex Corp), Indenture and Security Agreement (Delta Air Lines, Inc.)

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Requisition for Use by the Government of the Airframe and the Engines Installed Thereon. In the event of the requisition for use or hire by any government (it being acknowledged that the use of the Airframe or any Engine government, including, without limitation, pursuant to the CRAF Program does not constitute such a requisition or hire) Program, of the Airframe and the Engines or engines installed on the Airframe that does not constitute an Event of Loss, the Company shall promptly notify the Loan Trustee and all of the Company’s rights and obligations under this Indenture with respect to the Airframe and such Engines shall continue to the same extent as if such requisition or hire had not occurred; provided that, notwithstanding the foregoing, the Company’s obligations other than payment obligations shall only continue to the extent feasible. All payments received by the Company or the Loan Trustee from such government for such requisition use of the Airframe and Engines or engines shall be paid over to, or retained by, the Company.

Appears in 12 contracts

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

Requisition for Use by the Government of the Airframe and the Engines Installed Thereon. In the event of the requisition for use or hire by any government (it being acknowledged that the use of the Airframe or any Engine pursuant to the CRAF Program does not constitute such a requisition or hire) of the Airframe and the Engines or engines installed on the Airframe that does not constitute an Event of Loss, all of the Company’s rights and obligations under this Indenture with respect to the Airframe and such Engines shall continue to the same extent as if such requisition or hire had not occurred; provided that, notwithstanding the foregoing, the Company’s obligations other than payment obligations shall only continue to the extent feasible. All payments received by the Company or the Loan Trustee from such government for such requisition of the Airframe and Engines or engines shall be paid over to, or retained by, the Company.

Appears in 3 contracts

Samples: Indenture and Security Agreement (Spirit Airlines, Inc.), Indenture and Security Agreement (Spirit Airlines, Inc.), Indenture and Security Agreement (Spirit Airlines, Inc.)

Requisition for Use by the Government of the Airframe and the Engines Installed Thereon. In the event of the requisition for use or hire by any government (it being acknowledged that the use of the Airframe or any Engine pursuant to the CRAF Program does not constitute such a requisition or hirerequisition) of the Airframe and the Engines or engines installed on the Airframe that does not constitute an Event of Loss, all of Company’s 's rights and obligations under this Indenture with respect to the Airframe and such Engines shall continue to the same extent as if such requisition or hire had not occurred; provided that, notwithstanding the foregoing, Company’s 's obligations other than payment obligations shall only continue to the extent feasible. All payments received by Company or Loan Trustee from such government for such requisition use of the Airframe and Engines or engines shall be paid over to, or retained by, Company.

Appears in 3 contracts

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

Requisition for Use by the Government of the Airframe and the Engines Installed Thereon. In the event of the requisition for use or hire by any government (it being acknowledged that the use of the Airframe or any Engine pursuant to the CRAF Program does not constitute such a requisition or hirerequisition) of the Airframe and the Engines or engines installed on the Airframe that does not constitute an Event of Loss, all of Company’s rights and obligations under this Indenture with respect to the Airframe and such Engines shall continue to the same extent as if such requisition or hire had not occurred; provided that, notwithstanding the foregoing, Company’s obligations other than payment obligations shall only continue to the extent feasible. All payments received by Company or Loan Trustee from such government for such requisition use of the Airframe and Engines or engines shall be paid over to, or retained by, Company.

Appears in 1 contract

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

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Requisition for Use by the Government of the Airframe and the Engines Installed Thereon. In the event of the requisition for use or hire by any government (it being acknowledged that the use of the Airframe or any Engine government, including, without limitation, pursuant to the CRAF Program does not constitute such a requisition or hire) Program, of the Airframe and the Engines or engines installed on the Airframe that does not constitute an Event of Loss, the Company Indenture and Security Agreement (American Airlines 2013-1 Aircraft EETC) N936AN shall promptly notify the Loan Trustee and all of the Company’s rights and obligations under this Indenture with respect to the Airframe and such Engines shall continue to the same extent as if such requisition or hire had not occurred; provided that, notwithstanding the foregoing, the Company’s obligations other than payment obligations shall only continue to the extent feasible. All payments received by the Company or the Loan Trustee from such government for such requisition use of the Airframe and Engines or engines shall be paid over to, or retained by, the Company.

Appears in 1 contract

Samples: Indenture and Security Agreement (American Airlines Inc)

Requisition for Use by the Government of the Airframe and the Engines Installed Thereon. In the event of the requisition for use or hire by any government (it being acknowledged that the use of the Airframe or any Engine pursuant to the CRAF Program does not constitute such a requisition or hire) of the Airframe and the Engines or engines installed on the Airframe that does not constitute an Event of Loss, all of Indenture and Security Agreement (2020-1 EETC) N301DV Company’s rights and obligations under this Indenture with respect to the Airframe and such Engines shall continue to the same extent as if such requisition or hire had not occurred; provided that, notwithstanding the foregoing, Company’s obligations other than payment obligations shall only continue to the extent feasible. All payments received by Company or Loan Trustee from such government for such requisition of the Airframe and Engines or engines shall be paid over to, or retained by, Company.

Appears in 1 contract

Samples: Indenture and Security Agreement (Delta Air Lines, Inc.)

Requisition for Use by the Government of the Airframe and the Engines Installed Thereon. In the event of the requisition for use or hire by any government (it being acknowledged that the use of the Airframe or any Engine government, including, without limitation, pursuant to the CRAF Program does not constitute such a requisition or hire) Program, of the Airframe and the Engines or engines installed on the Airframe that does not constitute an Event of Loss, all of the Company’s 's rights and obligations under this Indenture with respect to the Airframe and such Engines shall continue to the same extent as if such requisition or hire had not occurred; provided that, notwithstanding the foregoing, the Company’s 's obligations other than payment obligations shall only continue to the extent feasible. All payments received by the Company or the Loan Trustee from such government for such requisition use of the Airframe and Engines or engines 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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