Common use of Notice of Event of Loss Clause in Contracts

Notice of Event of Loss. In the case of any Pre-Funded Aircraft, if, on or after the date on which the Company has taken title to such Pre-Funded Aircraft and prior to the date on which such Pre-Funded Aircraft is subjected to a financing in the manner provided herein, an event has occurred and is continuing that constitutes an Event of Loss (as defined in (i) if at the time of the occurrence of such event such Pre-Funded Aircraft was subject to a Bridge Financing, if any, the mortgage or security agreement to which such Pre-Funded Aircraft was then subject in connection with such Bridge Financing, if any, or (ii) if at the time of the occurrence of such event such Pre-Funded Aircraft was not subject to a Bridge Financing, if any, the form of the Indenture annexed hereto, as such form is modified from time to time in accordance with the terms hereof) with respect to such Pre-Funded Aircraft or that would constitute such an Event of Loss but for the requirement that notice be given or time elapse or both, the Company will as promptly as practicable (and, in any event, within 15 days after the occurrence of the relevant Event of Loss) give notice of such event to each Pass Through Trustee and the Subordination Agent and instruct each Pass Through Trustee, and each Pass Through Trustee agrees, to execute and deliver to the applicable Escrow Agent a duly completed Withdrawal Certificate (as defined in the applicable Escrow and Paying Agent Agreement) together with a relevant Notice of Event of Loss Withdrawal (as defined in the applicable Escrow and Paying Agent Agreement).

Notice of Event of Loss. In the case of any Pre-Funded Aircraft, if, on or after the date on which the Company has taken title to such Pre-Funded Aircraft and prior to the date on which such Pre-Funded Aircraft is subjected to a financing in the manner provided herein, an event has occurred and is continuing that constitutes an Event of Loss (as defined in (i) with respect to any Owned Aircraft that is subject to an Existing Financing, if at the time of the occurrence of such event such Pre-Funded any, or any New Aircraft was that is subject to a Bridge Financing, if any, an Event of Loss (as defined in either (a) the mortgage or security agreement to which such Pre-Funded Aircraft was then subject in connection with such Existing Financing, if any, or such Bridge Financing, if any, as the case may be, or (b) the Indenture Form) or (ii) if at the time of the occurrence of such event such Pre-Funded with respect to any Aircraft was that is not then subject to an Existing Financing or a Bridge Financing, if any, the form an Event of Loss (as defined in the Indenture annexed heretoForm), as such form is modified from time to time in accordance with the terms hereof) each case, with respect to such Pre-Funded Aircraft or that would constitute such an Event of Loss but for the requirement that notice be given or time elapse or both, the Company will as promptly as practicable (and, in any event, within 15 days after the occurrence of the relevant Event of Loss) give notice of such event to each Pass Through Trustee and the Subordination Agent and instruct each Pass Through Trustee, and each Pass Through Trustee agrees, to execute and deliver to the applicable Escrow Agent a duly completed Withdrawal Certificate (as defined in the applicable Escrow and Paying Agent Agreement) together with a relevant Notice of Event of Loss Withdrawal (as defined in the applicable Escrow and Paying Agent Agreement).. American Airlines 2019-1 Aircraft EETC

Notice of Event of Loss. In the case of any Pre-Funded Aircraft, if, on or after the date on which the Company has taken title to such Pre-Funded Aircraft and prior to the date on which such Pre-Funded Aircraft is subjected to a financing in the manner provided herein, an event has occurred and is continuing that constitutes an Event of Loss (as defined in (i) if at the time of the occurrence of such event such Pre-Funded Aircraft was subject to an Existing Financing, if any, in the case of an Owned Aircraft, or a Bridge Financing, if any, in the case of a New Aircraft, the mortgage or security agreement to which such Pre-Funded Aircraft was then subject in connection with such Existing Financing, if any, or such Bridge Financing, if any, as the case may be, or (ii) if at the time of the occurrence of such event such Pre-Funded Aircraft was not subject to an Existing Financing, if any, in the case of an Owned Aircraft, or a Bridge Financing, if any, in the case of a New Aircraft, the form of the Indenture annexed hereto, as such form is modified from time to time in accordance with the terms hereof) with respect to such Pre-Funded Aircraft or that would constitute such an Event of Loss but for the requirement that notice be given or time elapse or both, the Company will as promptly as practicable (and, in any event, within 15 days after the occurrence of the relevant Event of Loss) give notice of such event to each Pass Through Trustee and the Subordination Agent and instruct each Pass Through Trustee, and each Pass Through Trustee agrees, to execute and deliver to the applicable Escrow Agent a duly completed Withdrawal Certificate (as defined in the applicable Escrow and Paying Agent Agreement) together with a relevant Notice of Event of Loss Withdrawal (as defined in the applicable Escrow and Paying Agent Agreement).

Notice of Event of Loss. In the case of any Pre-Funded Aircraft, if, on or after the date on which the Company has taken title to such Pre-Funded Aircraft and prior to the date on which such Pre-Funded Aircraft is subjected to a financing in the manner provided herein, an event has occurred and is continuing that constitutes an Event of Loss (as defined in (i) with respect to any Owned Aircraft that is subject to an Existing Financing, if at the time of the occurrence of such event such Pre-Funded any, or any New Aircraft was that is subject to a Bridge Financing, if any, an Event of Loss (as defined in either (a) the mortgage or security agreement to which such Pre-Funded Aircraft was then subject in connection with such Existing Financing, if any, or such Bridge Financing, if any, as the case may be, or (b) the Indenture Form) or (ii) if at the time of the occurrence of such event such Pre-Funded with respect to any Aircraft was that is not then subject to an Existing Financing or a Bridge Financing, if any, the form an Event of Loss (as defined in the Indenture annexed heretoForm), as such form is modified from time to time in accordance with the terms hereof) each case, with respect to such Pre-Funded Aircraft or that would constitute such an Event of Loss but for the requirement that notice be given or time elapse or both, the Company will as promptly as practicable (and, in any event, within 15 days after the occurrence of the relevant Event of Loss) give notice of such event to each Pass Through Trustee and the Subordination Agent and instruct each Pass Through Trustee, and each Pass Through Trustee agrees, to execute and deliver to the applicable Escrow Agent a duly completed Withdrawal Certificate (as defined in the applicable Escrow and Paying Agent Agreement) together with a relevant Notice of Event of Loss Withdrawal (as defined in the applicable Escrow and Paying Agent Agreement).

Notice of Event of Loss. In the case of any Pre-Funded Aircraft, if, on or after the date on which the Company has taken title to such Pre-Funded Aircraft and prior to the date on which such Pre-Funded Aircraft is subjected to a financing in the manner provided herein, an event has occurred and is continuing that constitutes an Event of Loss (as defined in (i) with respect to any Owned Aircraft that is subject to an Existing Financing, if at the time of the occurrence of such event such Pre-Funded any, or any New Aircraft was that is subject to a Bridge Financing, if any, an Event of Loss (as defined in either (a) the mortgage or security agreement to which such Pre-Funded Aircraft was then subject in connection with such Existing Financing, if any, or such Bridge Financing, if any, as the case may be, or (b) the Indenture Form) or (ii) if at the time of the occurrence of such event such Pre-Funded with respect to any Aircraft was that is not then subject to an Existing Financing or a Bridge Financing, if any, the form an Event of Loss (as defined in the Indenture annexed heretoForm), as such form is modified from time to time in accordance with the terms hereof) each case, with respect to such Pre-Funded Aircraft or that would constitute such an Event of Loss but for the requirement that notice be given or time elapse or both, the Company will as promptly as practicable (and, in any event, within 15 days after the occurrence of the relevant Event of Loss) give notice of such event to each Pass Through Trustee and the Subordination Agent and instruct each Pass Through Trustee, and each Pass Through Trustee agrees, to execute and deliver to the applicable Escrow Agent a duly completed Withdrawal Certificate (as defined in the applicable Escrow and Paying Agent Agreement) together with a relevant Notice of Event of Loss Withdrawal (as defined in the applicable Escrow and Paying Agent Agreement).. Note Purchase Agreement American Airlines 2019-1 Aircraft EETC