Lessor Notice definition
Examples of Lessor Notice in a sentence
Except as provided in Section 14.7 below, if during the Term, a Leased Property is totally or partially destroyed from a risk not covered by the insurance described in Article XIII, Lessee shall give Lessor Notice of such damage or destruction within five (5) Business Days of the occurrence thereof.
If title to the fee of less than the whole of a Leased Property shall be so taken or condemned, Lessee shall give Lessor Notice of such partial taking or condemnation within five (5) Business Days of the occurrence thereof.
Nothing relating to the circumstances surrounding or the physical delivery of the Lessor Notice will in any way inhibit or prohibit the Lessee’s right to replace the Lessor pursuant to Section 10.1(d).
Nothing relating to the circumstances surrounding or the physical delivery of the Lessor Notice will in any way inhibit or prohibit the Lessee's right to replace the Lessor pursuant to Section 10.1(d).
If Lessee does not receive Lessor's Notice exercising its option before the expiration of the relevant required time period, Lessee shall give Lessor Notice thereof and ▇▇▇▇▇▇'s option shall continue in full force and effect for a period of thirty (30) days after such Notice from Lessee.
If Lessee does not receive Lessor's Notice exercising its option before the expiration of the relevant time period, Lessee shall give Lessor Notice thereof and Lessor's option shall continue in full force and effect for a period of thirty (30) days after such Notice from Lessee.
The No Lemon Benefit does not include repairs performed by the manufacturer under its limited warranty.
The Airline may deliver the Airline's Notice only if (i) the leasing of the Aircraft under the Sublease Agreement has ended or has been terminated pursuant to the provisions thereof; and (ii) there has been no delivery of an Enforcement Notice or Lessor Notice to the Manufacturer by the Loan Trustee or Lessor pursuant to Section 4.2 (Enforcement Notice to Manufacturer) or Section 4.3 (Lessor's Notice to the Manufacturer).
If none of the options set forth above is elected by Lessor within sixty (60) days following Lessor’s delivery of a Lessor Notice, then Lessee may, during the existence of the 50% FMV Event, cause a transfer of Lessor’s interest to an Eligible Lessor Transferee selected by Lessee.
In the event Lessor has duly designated an authorized agent to act in the stead of Lessor, Notice to 166 such agent of Lessor in the form specified above is equivalent to giving Notice to Lessor.