Common use of EVENTS OF LOSSEVENTS OF LOSS Clause in Contracts

EVENTS OF LOSSEVENTS OF LOSS. 11.1. Total LossTotal Loss ----------- a. Pre-delivery: If a Total Loss occurs prior to Delivery, 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 the Lessor will return to the Lessee the Deposit and any other amounts paid by the Lessee to the Lessor with respect to the Aircraft prior to Delivery.

Appears in 4 contracts

Samples: Lease Agreement (American Income Fund I-D LTD Partnership), Lease Agreement (Afg Investment Trust B), Lease Agreement (Afg Investment Trust C)

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