Lease Event of Default any one or more of the conditions, circumstances, acts, or events set forth inss. 14 of the Lease. LESSEE: American Trans Air, Inc., an Indiana corporation.
Lease Event of Default. Upon the occurrence and continuation of a Lease Event of Default, pursuant to which a termination payment as set forth in Section 24(d) of the Lease Agreement has become due and payable automatically or with the consent, or at the request, of the Administrative Agent, such Certificate Holder Amounts evidenced by the Certificates (with accrued Equity Return thereon) and all other amounts owing to the Certificate Holders by Trustee under this Trust Agreement, the Certificates and the other Operative Documents shall immediately become due and payable.
Lease Event of Default. If an event of default (howsoever described) is continuing under a Lease or a Permitted Sub- lease whilst a Lessee or Sub-lessee, as the case may be, is in possession of the Aircraft, the Head Lessee shall promptly notify the Security Trustee of the steps that it is proposing to take to enforce the terms of the Lease or Permitted Sub-lease, as the case may be.
Lease Event of Default. If a Lease Event of Default shall occur under an Eligible Lease, Lender shall have the right to require the Borrower to prepay, and the Borrower shall prepay, on a date no later than 180 days from the date of the Lender’s request for such prepayment, the entire then outstanding principal of the relevant Loan, together with interest thereon and all other amounts due the Lender under the Loan Documents to the extent they relate to such relevant Loan (including, but not limited to, Break Costs); provided, however, in respect of any Eligible Lease the Borrower shall have the right to cure two such Lease Events of Default before the Lender shall have the right to require the prepayment provided for herein.
Lease Event of Default. The Facility Lessee shall not have the exclusive right to provide such notice to any such insurer respecting the Facility Interest. The Owner Lessor, the Owner Participant and, so long as the Lien of the Lease Indenture shall not have been terminated or discharged, the Lease Indenture Trustee shall have the right, but not the obligation, to notify the insurer under any such property insurance policy of the occurrence of any Significant Lease Default or Lease Event of Default. After receipt of any such notification, each such insurer shall pay the proceeds of any property insurance policies to the Owner Lessor or, if the Lien of the Lease Indenture shall not have been terminated or discharged, the Lease Indenture Trustee.
Lease Event of Default. A Lease Event of Default shall have occurred and be continuing; or
Lease Event of Default. Upon the occurrence and during the continuance of a Reimbursement Event of Default or a Lease Event of Default, all rights of the Pledgor to manage and direct the affairs of the Partnership which it would otherwise be entitled to exercise pursuant to the preceding sentence shall cease, and all such rights shall thereupon become immediately vested in the Security Agent, which shall thereupon have the sole right (subject to the provisions of Applicable Law and the Security Deposit Agreement) to manage and direct the affairs of the Partnership.
Lease Event of Default. Upon the occurrence and during the continuance of a Reimbursement Event of Default or a Lease Event of Default all rights of the Pledgor to exercise the voting and other consensual rights which it would otherwise be entitled to exercise pursuant to the preceding sentence shall cease, and all such rights shall thereupon become vested in the Security Agent, which shall thereupon have the sole right to exercise such voting and other consensual rights.
Lease Event of Default. The waiver here given is specific to the covenants, and for the fiscal quarter of Lessee, referred to above and shall not operate as a waiver of compliance by Lessee with any other covenants set forth in the Participation Agreement, or with the covenants set forth above for any other fiscal quarter of Lessee.
Lease Event of Default. To the extent permitted by Applicable Law, Lessee hereby waives any rights now or hereafter conferred by statute or otherwise that may require Lessor to sell, lease or otherwise use the Property or any part thereof in mitigation of Lessor's damages upon the occurrence of a Lease Event of Default or that may otherwise limit or modify any of Lessor's rights or remedies under this Article XVIII.
