Common use of Liability for Losses Clause in Contracts

Liability for Losses. Except to the extent provided in Section 7.1, the Security Trustee in its individual capacity shall not be liable for any loss relating to an investment made in accordance with instructions received by it pursuant to this Section 10. The Borrower will promptly pay to the Security Trustee, on demand, the amount of any loss for which the Security Trustee is not liable realized as the result of any such investment (together with any fees, commissions and other expenses, if any, incurred in connection with such investment).

Appears in 2 contracts

Samples: Aircraft Security Agreement (Republic Airways Holdings Inc), Security Agreement (Republic Airways Holdings Inc)

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Liability for Losses. Except to the extent provided in Section 7.1, the Security Trustee in its individual capacity shall not be liable for any loss relating to an investment a Permitted Investment made in accordance with instructions received by it pursuant to this Section 10. Article X. The Borrower Company will promptly pay to the Security Trustee, on demand, the amount of any loss for which the Security Trustee is not liable realized as the result of any such investment (together with any fees, commissions and other expenses, if any, incurred in connection with such investment).

Appears in 1 contract

Samples: Framework Agreement (Spirit Airlines, Inc.)

Liability for Losses. Except to the extent provided in Section 7.1, the The Security Trustee in its individual capacity shall not be liable for any loss relating to an investment made in accordance with instructions received by it pursuant to this Section 10. The Borrower Debtor will promptly pay to the Security Trustee, on demand, the amount of any loss for which the Security Trustee is not liable realized as the result of any such investment (together with any fees, commissions and other expenses, if any, incurred in connection with such investment).

Appears in 1 contract

Samples: Lease Agreement (Republic Airways Holdings Inc)

Liability for Losses. Except to the extent provided in Section 7.1, the Security Trustee in its individual capacity shall not be liable for any loss relating to an investment a Permitted Investment made in accordance with instructions received by it pursuant to this Section 10. Aircraft Security Agreement (N●) 24093720v16 Exhibit 10.1 Article X. The Borrower Company will promptly pay to the Security Trustee, on demand, the amount of any loss for which the Security Trustee is not liable realized as the result of any such investment (together with any fees, commissions and other expenses, if any, incurred in connection with such investment).

Appears in 1 contract

Samples: Framework Agreement (Spirit Airlines, Inc.)

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Liability for Losses. Except to the extent provided in Section 7.1, the Security Trustee in its individual capacity shall not be liable for any loss relating to an investment a Permitted Investment made in accordance with instructions received by it pursuant to this Section 10. Article X. The Borrower will promptly pay to the Security Trustee, on demand, the amount of any loss for which the Security Trustee is not liable realized as the result of any such investment (together with any fees, commissions and other expenses, if any, incurred in connection with such investment).. ARTICLE XI

Appears in 1 contract

Samples: Purchase Agreement Assignment and Security Agreement (Allegiant Travel CO)

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