Common use of Application of Payments Not Relating to an Event of Loss Clause in Contracts

Application of Payments Not Relating to an Event of Loss. In the -------------------------------------------------------- event of any loss, condemnation, confiscation, theft or seizure of, or use of, or damage to, any portion of any Transponder not constituting an Event of Loss, Lessee shall promptly notify Lessor and Indenture Trustee and all of Lessee's obligations under this Lease with respect to such Transponder shall continue to the same extent as if such event had not occurred. Subject to the provisions of Section 12(d), and notwithstanding any implicit or express rights of Lessor as owner of such Transponder, payments received at any time by Lessor or Lessee from any insurer under insurance carried by Lessee from any Governmental Body or from any other Person with respect to any loss, condemnation, confiscation, theft or seizure of, or use of, or damage to, any Transponder or any part thereof not constituting an Event of Loss shall be paid to Lessor or Lessee, as their interests may appear.

Application of Payments Not Relating to an Event of Loss. In the -------------------------------------------------------- event of any loss, condemnation, confiscation, theft or seizure of, or use of, or damage to, any portion of any Transponder not constituting an Event of Loss, Lessee shall promptly notify Lessor and Indenture Trustee Agent and all of Lessee's obligations under this Lease with respect to such Transponder shall continue to the same extent as if such event had not occurred. Subject to the provisions of Section 12(d), and notwithstanding any implicit or express rights of Lessor as owner of such Transponder, payments received at any time by Lessor or Lessee from any insurer under insurance carried by Lessee Lessee, from any Governmental Body or from any other Person with respect to any loss, condemnation, confiscation, theft or seizure of, or use of, or damage to, any Transponder or any part thereof not constituting an Event of Loss shall be paid to Lessor or Lessee, as their interests may appear.

Application of Payments Not Relating to an Event of Loss. In -------------------------------------------------------- the -------------------------------------------------------- event of any loss, condemnation, confiscation, theft or seizure of, or use of, or damage to, any portion of any Transponder not constituting an Event of Loss, Lessee shall promptly notify Lessor and Indenture Trustee and all of Lessee's obligations under this Lease with respect to such Transponder shall continue to the same extent as if such event had not occurred. Subject to the provisions of Section 12(d), and notwithstanding any implicit or express rights of Lessor as owner of such Transponder, payments received at any time by Lessor or Lessee from any insurer under insurance carried by Lessee from any Governmental Body or from any other Person with respect to any loss, condemnation, confiscation, theft or seizure of, or use of, or damage to, any Transponder or any part thereof not constituting an Event of Loss shall be paid to Lessor or Lessee, as their interests may appear.