Surviving Engine Sample Clauses
The 'Surviving Engine' clause defines which provisions of an agreement will continue to remain in effect after the contract itself has expired or been terminated. Typically, this clause specifies that certain obligations—such as confidentiality, indemnification, or dispute resolution—will survive the end of the contractual relationship, ensuring that parties remain bound by these terms even after other obligations have ended. Its core practical function is to maintain the enforceability of key protections and responsibilities beyond the contract's duration, thereby addressing ongoing risks and obligations that could arise after termination.
Surviving Engine. If a Total Loss of the Airframe occurs and any Engine or Engines (a "Surviving Engine") shall not have become a Total Loss, Lessor, at the request of Lessee, shall, subject to any applicable insurance policy which provides to the contrary, transfer to Lessee free and clear of all rights of Lessor and all Lessor's Liens (but otherwise without recourse or warranty), all of Lessor's right, title and interest, if any, in and to any such Surviving Engine; PROVIDED, that prior to transferring such right, title and interest in such Surviving Engine, Lessor shall have received either (i) the Stipulated Loss Value or (ii) written confirmation from the insurer of the Aircraft to the effect that such insurer will pay to Lessor the Stipulated Loss Value of the Aircraft. SECTION 20
Surviving Engine. If a Total Loss of the Airframe occurs and any Engine or Engines (a “Surviving Engine”) shall not have become a Total Loss, Lessor, at the request of Lessee, shall, subject to any applicable insurance policy which provides to the contrary, and further subject to any applicable requirements of the Delta Engine Program, transfer to Lessee free and clear of all rights of Lessor and all Lessor’s Liens (but otherwise without recourse or warranty), all of Lessor’s right, title and interest, if any, in and to any such Surviving Engine; provided, that prior to transferring such right, title and interest in such Surviving Engine, Lessor shall have received either (1) the Agreed Value of the Aircraft or (2) written confirmation from the insurer of the Aircraft to the effect that such insurer will pay to Lessor the Agreed Value of the Aircraft. AIRCRAFT LEASE AGREEMENT 43 MSN
Surviving Engine. If a Total Loss of the Airframe occurs and any Engine or Engines (a “Surviving Engine”) shall not have become a Total Loss, Lessor, at the request of Lessee, shall, subject to any applicable insurance policy which provides to the contrary, transfer to Lessee free and clear of all rights of Lessor and all Lessor’s Liens (but otherwise without recourse or warranty), all of Lessor’s right, title and interest, if any, in and to any such Surviving Engine; provided, that prior to transferring such right, title and interest in such Surviving Engine, Lessor shall have received Initials: ABX:__________ DHL:__________ either (1) the Agreed Value of the Aircraft or (2) written confirmation from the insurer of the Aircraft to the effect that such insurer will pay to Lessor the Agreed Value of the Aircraft.
Surviving Engine. If a Total Loss of the Airframe occurs and any Engine or Engines (a “Surviving Engine”) has not become a Total Loss, Lessor, at the request of Lessee, will, subject to any applicable insurance policy which provides to the contrary, transfer to Lessee free and clear of all rights of Lessor and all Lessor’s Liens (but otherwise without recourse or warranty), all of Lessor’s right, title and interest, if any, in and to any such Surviving Engine; as long as, prior to transferring such right, title and interest in such Surviving Engine, Lessor will have received either: (a) the Agreed Value of the Aircraft; or (b) written confirmation from the insurer of the Aircraft to the effect that such insurer will pay to Lessor the Agreed Value of the Aircraft.