Liability Proceeds. all insurance proceeds in respect of third party liability will, except to the extent paid by the insurers to the relevant third party, be paid to Lessor to be paid directly in satisfaction of the relevant liability or to Lessee in reimbursement of any payment so made; and
Appears in 9 contracts
Samples: Aircraft Lease Agreement (Controladora Vuela Compania De Aviacion, S.A.B. De C.V.), Aircraft Lease Agreement (Controladora Vuela Compania De Aviacion, S.A.B. De C.V.), Aircraft Lease Agreement (Controladora Vuela Compania De Aviacion, S.A.B. De C.V.)
Liability Proceeds. all insurance proceeds in respect of third party liability will, except to the extent paid by the insurers to the relevant third party, be paid to Lessor the Loss Payee to be paid directly in satisfaction of the relevant liability or to the Lessee in reimbursement of any payment so made; and
Appears in 2 contracts
Samples: Operating Lease Agreement (Latam Airlines Group S.A.), Aircraft Operating Lease Agreement (Controladora Vuela Compania De Aviacion, S.A.B. De C.V.)
Liability Proceeds. all insurance proceeds in respect of third party liability will, except to the extent paid by the insurers to the relevant third party, be paid to Lessor or Owner to be paid directly in satisfaction of the relevant liability or to Lessee in reimbursement of any payment so made; and
Appears in 1 contract
Samples: Aircraft Lease Common Terms Agreement (Lan Airlines SA)
