Total Loss Termination Event definition
Total Loss Termination Event means an event or circumstance where (i) a Series comprises Lease Assets but does not also comprise Airtime Vouchers at such time (ii) a Total Loss Event has occurred and (iii) Axiata is unable, within 45 days of the Total Loss Event occurring, to lease new assets to the Trustee pursuant to a Supplemental Headlease Agreement or (in its capacity as Wakeel) purchase Airtime Vouchers pursuant to a Supplemental Airtime Purchase Agreement, in each case for an amount at least equal to the Takaful/Insurance Coverage Amount;
Total Loss Termination Event means an event or circumstance where (i) a Total Loss Event has occurred and (ii) the Servicing Agent is unable within 30 days of the Total Loss Event occurring to arrange for the purchase of new Assets by the Trustee from Sime Darby Plantation for an amount at least equal to the Full Reinstatement Value (using the takaful/insurance proceeds and/or any Total Loss Shortfall Amount received as a result of such Total Loss Event) pursuant to a Supplemental Purchase Agreement.
Total Loss Termination Event means an event or circumstances where:
More Definitions of Total Loss Termination Event
Total Loss Termination Event means an event or circumstance where:
Total Loss Termination Event means an event or circumstance where (i) a Series comprises Lease Assets but