Common use of No Event of Loss Clause in Contracts

No Event of Loss. On the Delivery Date, it shall be true that no Event of Loss (or event which with the passage of time would become an Event of Loss) with respect to the Airframe or any Engine has occurred.

Appears in 7 contracts

Samples: Participation Agreement (Southwest Airlines Co), Participation Agreement (Southwest Airlines Co), Participation Agreement (Southwest Airlines Co)

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No Event of Loss. On the Delivery Date, Date it shall be true that no Event of Loss (or event which with the passage of time would become an Event of Loss) with respect to the Airframe Designated Aircraft (or constituent Airframe) or any associated Engine has occurred.

Appears in 3 contracts

Samples: Facility Agreement (Virgin America Inc.), Facility Agreement (Virgin America Inc.), Note Purchase Agreement (Virgin America Inc.)

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No Event of Loss. On the such Delivery Date, Date it shall be true that no Event of Loss (or event which with the passage of time would become an Event of Loss) with respect to the Airframe such Aircraft (or constituent Airframe) or any associated Engine has occurred.

Appears in 3 contracts

Samples: Facility Agreement (Virgin America Inc.), Note Purchase Agreement (Virgin America Inc.), Facility Agreement (Virgin America Inc.)

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