Damage or Incident Not Constituting a Total Loss. Following the occurrence of any damage to the Aircraft, any Engine or any Part that does not constitute a Total Loss or an Engine Loss and where either (i) the potential cost of repair may reasonably be expected to exceed the Damage Notification Threshold or (ii) Lessor notifies Lessee in writing that Lessor reasonably believes the damage will permanently affect the value of the Aircraft, Lessee shall take the following actions:
Appears in 4 contracts
Samples: Lease Agreement (Global Crossing Airlines Group Inc.), Lease Agreement, Lease Agreement
