Common use of Events of Loss Clause in Contracts

Events of Loss. (a) If an Event of Loss occurs prior to delivery of the Aircraft to Lessee, this Agreement will immediately terminate and, except as expressly stated in this Agreement, neither party will have any further obligation or liability under this Agreement except that Lessor will refund to Lessee the amount of any Aircraft Deposit paid under this Agreement; and

Events of Loss. (a) Pre-delivery: If an Event of Loss occurs prior to delivery of the Aircraft to Lessee, Lessee this Agreement will immediately terminate and, and except as expressly stated in this Agreement, Agreement neither party will have any further obligation or liability under this Agreement other than pursuant to Clause 16.9 except that Lessor will refund rebate to Lessee the amount of any Aircraft Deposit aircraft commitment fee paid under this Agreement; and.