Common use of Lessee's Election Rights Clause in Contracts

Lessee's Election Rights. The Lessee shall notify the Lessor, the Indenture Trustee and the Owner Participant as soon as practicable but in no event more than 10 Business Days following the occurrence of an event which constitutes, or would with the passage of time constitute, an Event of Loss with respect to the Airframe or with respect to the Airframe and the Engines or engines then installed on the Airframe. By written notice to the Lessor, the Indenture Trustee and the Owner Participant delivered within 60 days of the occurrence of any Event of Loss, the Lessee shall have the right to elect the alternative set forth in Section 11.02 hereof or the alternative set forth in Section 11.03 hereof. The Lessee's failure to make such election within said 60-day period shall be deemed to be an election of the alternative set forth in Section 11.02 hereof.

Lessee's Election Rights. The Lessee shall notify the Lessor, the Indenture Trustee and the Owner Participant as soon as practicable but in no event more than 10 Business Days following the occurrence of an event which constitutes, constitutes or would with the passage of time constitute, might constitute an Event of Loss with respect to the Airframe or with respect to the Airframe and the Engines or engines then installed on the Airframe. By written notice to the Lessor, the Indenture Trustee and the Owner Participant delivered given within 60 days of the occurrence of any Event of Loss, the Lessee shall have the right to elect the alternative set forth in Section 11.02 hereof or the alternative set forth in Section 11.03 hereof. The Lessee's failure to make such election within said 60-day period shall be deemed to be an election of the alternative set forth in Section 11.02 hereof.

Lessee's Election Rights. The Lessee shall notify the Lessor, the Indenture Trustee and the Owner Participant Participants as soon as practicable but in no event more than 10 Business Days following the occurrence of an event which constitutes, or would with the passage of time constitute, an Event of Loss with respect to the Airframe or with respect to the Airframe and the Engines or engines then installed on the Airframe. By written notice to the Lessor, the Indenture Trustee and the Owner Participant Participants delivered within 60 days of the occurrence of any Event of Loss, the Lessee shall have the right to elect the alternative set forth in Section 11.02 hereof or the alternative set forth in Section 11.03 hereof. The Lessee's failure to make such election within said 60-day period shall be deemed to be an election of the alternative set forth in Section 11.02 hereof.

Lessee's Election Rights. The Lessee shall promptly notify the Lessor, the Indenture Trustee and the Owner Participant as soon as practicable but in no event more than 10 Business Days following the occurrence of an event which constitutes, or would with the passage of time constitute, an Event of Loss with respect to the Airframe or with respect to the Airframe and the Engines or engines then installed on the Airframe. By written notice to the Lessor, the Indenture Trustee and the Owner Participant delivered within 60 days of the occurrence of any Event of Loss, the Lessee shall have the right to elect the alternative set forth in Section 11.02 hereof or the alternative set forth in Section 11.03 hereof. The Lessee's failure to make such election within said 60-day period shall be deemed to be an election of the alternative set forth in Section 11.02 hereof.