NOTICE AND ELECTION. (a) Upon the occurrence of an Event of Loss with respect to the Airframe, and any Engine or Engines installed thereon at the time of such Event of Loss, Lessee shall promptly (and in any event within 15 days after such occurrence) give Lessor and Mortgagee written notice of such Event of Loss. Within 45 days after such occurrence, Lessee shall give Lessor and Mortgagee written notice of Lessee's election to make payment in respect of such Event of Loss, as provided in Section 10.1.2, or to replace the Airframe, and any such Engines, as provided in Section 10.1.3.
NOTICE AND ELECTION. (a) If an Event of Loss to the Airframe (and any Engine(s) installed thereon) occurs, Lessee shall promptly (and in any event within 15 days after such occurrence) notify Lessor and Owner Participant of such Event of Loss. Within 60 days after such occurrence, Lessee shall give to Lessor (with a copy to Owner Participant) written notice of Lessee's election to make payment in respect of such Event of Loss, as provided in ss. 10.1.2, or to replace the Airframe and any such Engine(s) as provided in ss. 10.1.3.
NOTICE AND ELECTION. (a) If an Event of Loss to the Airframe (and any Engine(s) installed thereon) occurs, Lessee shall promptly (and in any event within 15 days after such occurrence, or, if later, within 15 days after the determination that an Event of Loss has occurred) notify Lessor and Owner Participant of such Event of Loss. Within 45 days after such occurrence or determination, Lessee shall give to Lessor and Owner Participant written notice of Lessee’s election to make payment in respect of such Event of Loss, as provided in § 9.1.2, or to replace the Airframe and any such Engine(s) as provided in § 9.1.3.
NOTICE AND ELECTION. If Asia Leader exercises the Buyout Option, it shall provide notice in writing to such effect to RAD in accordance with Section 10.5. In the event such exercise of the Buyout Option is to be effected simultaneously with the acquisition of Asia Leader by Shanghai Century Acquisition Corporation (“Shanghai”), the closing of the Buyout Option shall take place concurrently with the closing of the acquisition of Asia Leader by Shanghai and no notice shall be required under this Section 5.3.2. 10 5.3.3
NOTICE AND ELECTION. Whenever it appears that you will complete a well capable of producing oil in paying quantities and all or a portion of such well’s production will be from or allocated to the Leases, and at any time thereafter within thirty days of having been requested by us to do so, the number and frequency of such requests to be at our sole discretion, you will notify us in writing of the production status of the interests covered hereby, which writing shall be sent, postage prepaid and addressed to our Oil Purchase Notice Recipient (designated on Exhibit “4”).
NOTICE AND ELECTION. (a) If an Event of Loss to the Airframe (and any Engine(s) installed thereon) occurs, Lessee shall promptly (and in any event within 10 days after such occurrence, or, if later, within 10 days after the determination that an Event of Loss has occurred) notify Lessor and Mortgagee of such Event of Loss. Within 45 days after such occurrence, Lessee shall give to Lessor and Mortgagee written notice of Lessee's election to make payment in respect of
NOTICE AND ELECTION. If Capitol decides to develop or distribute any product described in Paragraph 15(a) above, Capitol shall so notify Davidson in writing ("New Product Notice"). Davidson shall have the right for a period of twenty (20) business days after receipt of the New Product Notice, to elect, by written notice to Capitol, to negotiate to provide services for the product.
NOTICE AND ELECTION. Upon the occurrence of an Event of Loss, the Lessee shall promptly (and in any event within five (5) Business Days) give the Lessor and the Indenture Trustee written notice of such Event of Loss and within thirty (30) days after such occurrence, shall give the Lessor and the Indenture Trustee of its election, subject to the terms hereof, to perform one of the following two options (it being agreed that if the Lessee shall not given the Lessor and the Indenture Trustee notice of such election with such time, the Lessee shall be deemed to have elected to perform the option set forth in clause (i) below); provided that the Lessee shall not have the right to select the option set forth in clause (ii) below if (x) a Lease Default or Lease Event of Default shall have occurred and be continuing, (y) in the reasonable judgment of the Lessee the Property cannot be rebuilt or restored to the condition required by this Lease prior to the Expiration Date, or (z) such Event of Loss relates to an Event of Loss described in clause (iii) of the definition thereof:
NOTICE AND ELECTION. Not less than thirty (30) days prior to any such proposed sale of Stock, the Selling Stockholder(s) shall give each of the Offeree Stockholders written notice of the Selling Stockholder(s) desire to proceeds with the proposed sale, which notice shall include the name of the proposed transferee, the number and class of shares of Stock which the Selling Stockholder(s) desire to sell (the "Tag Along Amount") and the terms and conditions of the proposed transfer (the "Tag Along Notice"). Any Offeree Stockholder who wishes to participate in a sale pursuant to a valid Tag Along Notice (a "Participating Stockholder") shall give the Selling Stockholder(s) written notice of the Participating Stockholder's election to participate not later than fifteen (15) days prior to the proposed sale, specifying the number of shares of Stock which such Participating Stockholder desires to sell.
NOTICE AND ELECTION. Upon the occurrence of an Event of Loss with respect to the Airframe, and either Engine or Engines installed thereon at the time of such Event of Loss, Lessee shall promptly (and in any event within 10 Business Days after such occurrence) give Lessor written notice of such Event of Loss. Within 60 days after such occurrence, Lessee shall give Lessor written notice of Lessee’s election to make payment in respect of such Event of Loss, as provided in Section 9.1.2, or, after the Bar Period and provided no Payment Default, Bankruptcy Default or Event of Default has occurred and is continuing, to replace the Airframe, and any such Engines, as provided in Section 9.1.3. Any failure by Lessee to give such notice of its election shall be deemed to be an election of the option set forth in Section 9.1.2. For purposes of Section 9.1.2, an Event of Loss with respect to the Airframe shall be deemed to constitute an Event of Loss with respect to the Aircraft. For purposes of Section 9.1.3, either Engine not actually suffering an Event of Loss shall not be required to be replaced.
