Requisition of Use. In the case of a requisition of use not constituting an Event of Loss, this Facility Lease shall continue, and each and every obligation of the Lessee hereunder and under each Transaction Document shall remain in full force and effect. So long as no Default or Event of Default shall have occurred and be continuing, the Lessee shall be entitled to all sums received by reason of any such requisition of use for the period ending on the Lease Termination Date, and the Lessor shall be entitled to all sums received by reason of any such requisition of use for the period after the Lease Termination Date.
Requisition of Use. (a) In the event any Vessel is requisitioned for use by any governmental or other competent authority during the Charter Period, such requisition (unless it constitutes an Event of Loss hereunder) shall not terminate or entitle Charterer to terminate this Demise Charter or to cease or interrupt payment in full of Charter Hire. If during the Charter Period any Vessel is under such requisition, Charterer shall be entitled to any amounts payable to Shipowner or to Charterer in respect of such requisition insofar as it falls within the Term (and, upon the request of Charterer, Shipowner shall execute and deliver to Charterer any necessary instrument of assignment with respect to the claim of Shipowner with respect thereto) and, provided no Event of Default (other than an Event of Default solely attributable to the fact that required action by Charterer with respect to such Vessel is prevented by such requisition) shall have occurred and be continuing, Shipowner shall pay any such amounts to Charterer immediately upon receipt thereof by Shipowner.
Requisition of Use. In the event of a requisition for use by any government, so long as it does not constitute an Event of Loss, of any Airframe and the Engines or engines installed on such Airframe so long as any Airframe or Engine is subject to the Lien of this Mortgage, the Company shall promptly notify the Collateral Agent of such requisition and all of the Company's obligations under this Mortgage shall continue to the same extent as if such requisition had not occurred. So long as no Event of Default shall have occurred and be continuing, any payments received by the Collateral Agent or the Company from such government with respect to such requisition of use shall be paid over to, or retained by, the Company. In the event of an Event of Loss of an Engine resulting from the requisition for use by a government of such Engine (but not an Airframe), the Company will replace such Engine hereunder by complying with the terms of Section 3.4(e) hereof and any payments received by the Collateral Agent or the Company from such government with respect to such requisition shall be paid over to, or retained by, the Company.
Requisition of Use. In the event that any government of any country or any department, agency or representative thereof shall not take over the title or ownership of the Vessel but shall requisition, charter or in any manner take over the use of such Vessel pursuant to any present or future law, proclamation, decree, order or otherwise and shall, as a result of such requisitioning, chartering or taking of the use of the Vessel, pay or become liable to pay sums by reason of the loss of or injury to or depreciation of the Vessel, and, if a Mortgage Event of Default shall have occurred and be continuing, any such sum is hereby made payable to the Mortgagee, who shall be entitled to receive the same and shall apply it as provided in the Loan Agreement. In the event of any such requisitioning, chartering or taking of the use of the Vessel, the Mortgagor shall promptly execute and deliver to the Mortgagee such documents, if any, and shall promptly do and perform such acts, if any, as in the reasonable opinion of the Mortgagee may be necessary or useful to facilitate or expedite the collection by the Mortgagee of such claims arising out of the requisitioning, chartering or taking of the use of the Vessel as provided hereinabove.
Requisition of Use. In the event of a requisition for use by a Government Entity of such Engine not constituting an Event of Loss, any payments received by the Security Trustee or the Company (or any Lessee of the applicable Engine) from such government with respect to such requisition shall be retained by or paid to the Company (or such Lessee, as the case may be).
Requisition of Use. After the Lien of the Senior Mortgage shall have been discharged, in the event of a requisition for use by a Government Entity of such Engine not constituting an Event of Loss, any payments received by the Security Trustee or the Company (or any Lessee of the applicable Engine) from such government with respect to such requisition shall be retained by or paid to the Company (or such Lessee, as the case may be).
Requisition of Use. 13 (e) Application of Proceeds for Events of Loss...................................................................14 (f)
Requisition of Use. 19 (f) Application of Payments During Existence of Event of Default . 19 Section 3.6. Insurance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 (a)
Requisition of Use. A requisition of use which does not constitute an Event of Loss shall not terminate this Sublease, and each and every obligation of the Sublessee with respect thereto shall remain in full force and effect to the same extent as if such requisition had not occurred, except to the extent that any failure or delay in the performance of such obligations (other than obligations for the payment of money) are prevented or delayed by such requisition of use. The Sublessee shall be entitled to all sums, attributable to the period the Item(s) involved is/are subject to this Sublease, received by reason of any such requisition of use. All payments received for the use of any Item after the Term shall be paid over to, or retained by, the Sublessor in the same manner as Rent under Section 3(f) (or paid over to or retained by the Sublessee if it purchases the Aircraft in accordance with the provisions hereof). The Sublessee shall promptly notify the Sublessor, the Lessor, and the Loan Trustee in writing of any such requisition.
Requisition of Use. In the case of a requisition of use not constituting an Event of Loss, this Facility Lease shall continue, and each and every obligation of the Lessee hereunder and under each Financing Document shall remain in full force and effect; provided, the Lessee shall promptly notify the Lessor, the Owner Participant, the Administrative Agent and the Indenture Trustee of such requisition of use. The Lessee shall be entitled to all sums received by reason of any such requisition of use for the period ending on the Lease Termination Date. The Lessor shall be entitled to all sums received by reason of any such requisition of use for the period after the Lease Termination Date.
