Common use of Requisition Clause in Contracts

Requisition. 20.4.1 If there is a requisition for use or hire of the Aircraft or any part thereof, then Lessee shall promptly notify Lessor in writing and, unless and until the Aircraft becomes a Total Loss and Lessee shall have paid all amounts due pursuant to clause 20.1, the leasing of the Aircraft to Lessee under this Agreement shall continue in full force and effect, and Lessee shall remain fully responsible for performance and observance of all its obligations under this Agreement, other than obligations (which shall not include reporting requirements and payment of Rent or any other amounts, including any amounts which become payable if the Lease Term is extended in accordance with clause 21.4.1) with which ▇▇▇▇▇▇ is unable to comply solely by virtue of such requisition. 20.4.2 Lessee shall, as soon as practicable after the end of any requisition for use or hire, cause the Aircraft to be put into the condition required by this Agreement. 20.4.3 Lessor shall apply any requisition payments or other compensation received by it as a result of the requisition for use of the Aircraft in or towards discharge of Rent and other amounts due from Lessee under the Transaction Documents (including such amounts as may be required to restore the Aircraft to the condition required by this Agreement after the end of such requisition) and shall (provided no Material Default or Event of Default shall have occurred and be continuing) release to Lessee the net amount of any surplus remaining after such application.

Requisition. 20.4.1 If there is a requisition for use or hire of the Aircraft or any part thereof, then Lessee shall promptly notify Lessor in writing and, unless and until the Aircraft becomes a Total Loss and Lessee shall have paid all amounts due pursuant to clause 20.1, the leasing of the Aircraft to Lessee under this Agreement shall continue in full force and effect, and Lessee ▇▇▇▇▇▇ shall remain fully responsible for performance and observance of all its obligations under this Agreement, other than obligations (which shall not include reporting requirements and payment of Rent or any other amounts, including any amounts which become payable if the Lease Term is extended in accordance with clause 21.4.1) with which ▇▇▇▇▇▇ is unable to comply solely by virtue of such requisition. 20.4.2 Lessee shall, as soon as practicable after the end of any requisition for use or hire, cause the Aircraft to be put into the condition required by this Agreement. 20.4.3 Lessor shall apply any requisition payments or other compensation received by it as a result of the requisition for use of the Aircraft in or towards discharge of Rent and other amounts due from Lessee under the Transaction Documents (including such amounts as may be required to restore the Aircraft to the condition required by this Agreement after the end of such requisition) and shall (provided no Material Default or Event of Default shall have occurred and be continuing) release to Lessee the net amount of any surplus remaining after such application.

Requisition. 20.4.1 If there is a requisition for use or hire of the Aircraft or any part thereof, then Lessee shall promptly notify Lessor in writing and, unless and until the Aircraft becomes a Total Loss and Lessee shall have paid all amounts due pursuant to clause 20.1, the leasing of the Aircraft to Lessee under this Agreement shall continue in full force and effect, and Lessee shall remain fully responsible for performance and observance of all its obligations under this Agreement, other than obligations (which shall not include reporting requirements and payment of Rent or any other amounts, including any amounts which become payable if the Lease Term is extended in accordance with clause 21.4.1) with which ▇L▇▇▇▇▇ is unable to comply solely by virtue of such requisition. 20.4.2 Lessee shall, as soon as practicable after the end of any requisition for use or hire, cause the Aircraft to be put into the condition required by this Agreement. 20.4.3 Lessor shall apply any requisition payments or other compensation received by it as a result of the requisition for use of the Aircraft in or towards discharge of Rent and other amounts due from Lessee under the Transaction Documents (including such amounts as may be required to restore the Aircraft to the condition required by this Agreement after the end of such requisition) and shall (provided no Material Default or Event of Default shall have occurred and be continuing) release to Lessee the net amount of any surplus remaining after such application.