Damage or Requisition. Not Constituting an Event of Loss. In the event of material damage or requisition of the Aircraft or any Engine not constituting an Event of Loss, LESSEE shall promptly notify LESSOR in writing of such damage or requisition and shall remain obligated to make all payments of Rent in respect to such Aircraft or Engine which may become due hereunder in the same manner as if such damage or requisition had not occurred. All payments at any time received by LESSEE, or by LESSOR from any Person other than LESSEE, with respect to any such damage or requisition shall be paid over to, or retained by, LESSOR, and shall be paid to LESSEE upon repair of the Aircraft or Engine.
Appears in 4 contracts
Samples: Aircraft Lease Agreement (Afg Investment Trust B), Aircraft Lease Agreement (American Income Fund I-D), Aircraft Lease Agreement (American Income Fund I-C)
