Common use of Loss Destruction Requisition Etc Clause in Contracts

Loss Destruction Requisition Etc. 24 12.01 Event of Loss with Respect to the Aircraft................. 24 12.01(A) Replacement of Airframe and Engines........................ 24 12.01(B) Payment of Stipulated Loss Value and Rent.................. 25 12.01(C)............................................................ 25 12.01(D) Payment of Basic Rent Pending Replacement.................. 25 12.01(E) Conditions to Replacement of Aircraft...................... 26 12.01(F) Recordation and Opinions................................... 27 12.01(G) Conveyance................................................. 27 12.02 Event of Loss with Respect to an Engine....................... 27 12.02(A) Event of Loss.............................................. 27 12.02(B) Conditions; Lessee's Obligations........................... 27 12.02(C) Recordation and Opinions................................... 28 12.02(D) Conveyance; Replacement Engine............................. 28 12.02 (E) No Reduction of Basic Rent............................... 28 12.03 Application of Payments from Governmental Authorities for Requisition of Title...................................... 28 12.03 (A) Replacement of Airframe and Engines...................... 29 12.03 (B) Replacement of Engine.................................... 29 12.03 (C) Nonreplacement...........................................