Common use of Notice of Termination or Changes Clause in Contracts

Notice of Termination or Changes. Provide for not less than 30 days' prior written notice to be received by Lessor, Indenture Trustee and each Participant before any lapse, alteration, termination or cancellation of the insurance evidenced thereby shall be effective as to Lessor, Indenture Trustee, each Participant and each other Indemnified Party, except that war-risk and allied perils policies may provide for not less than seven days' prior written notice or such lesser or greater notice as shall at the time be customary in the aviation insurance industry generally, and which are customarily in effect with respect to major United States commercial air carriers generally from time to time;

Notice of Termination or Changes. Provide for not less than 30 days' prior written notice to be received by Lessor, Indenture Trustee Lender and each Owner Participant before any lapse, alteration, termination or cancellation of the insurance evidenced thereby shall be effective as to Lessor, Indenture Trustee, each Participant Lender and each other Indemnified PartyOwner Participant, except that war-risk and allied perils policies may provide for not less than seven days' prior written notice or such lesser or greater notice as shall at the time be customary in the aviation insurance SALE AND LEASE AGREEMENT 32 industry generally, and which are customarily in effect with respect to major United States commercial air carriers generally from time to time;

Notice of Termination or Changes. Provide for not less than 30 days' prior written notice to be received by Lessor, Indenture Trustee and each Participant before any lapse, alteration, termination or cancellation of the insurance evidenced thereby shall be effective as to Lessor, Indenture Trustee, each Participant and each other Indemnified Party, except that war-risk and allied perils policies may provide for not less than seven days' prior written notice or such lesser or greater notice as shall at the time be customary in the aviation SALE AND LEASE AGREEMENT [N604SW] -45- 52 insurance industry generally, and which are customarily in effect with respect to major United States commercial air carriers generally from time to time;