Common use of Notification of Bankruptcy Clause in Contracts

Notification of Bankruptcy. If any of AerCo or the Subsidiaries shall consider taking any action to: (a) file any petition or application, commence any proceeding, pass any resolution or convene a meeting with respect to itself or any of its Affiliates under any Jersey, Irish, United States Federal, State or foreign or international law relating to the appointment of a trustee in bankruptcy, liquidator or receiver with respect to any of AerCo or the Subsidiaries or over the whole or any part of any properties or assets of any of AerCo or the Subsidiaries or any bankruptcy, reorganization, compromise arrangements or insolvency of any of AerCo or the Subsidiaries; or (b) make an assignment for the benefit of its creditors generally; then AerCo shall notify the Servicer, to the extent practicable, of such consideration a reasonable period of time prior to taking any such action, but in any event, prior to taking any such action (it being understood that the foregoing notice requirement shall not be construed to prohibit or restrain the taking of any action described in (a) or (b) above). If any of AerCo or the Subsidiaries becomes aware of the intent or action of any Person (whether a creditor or member of any of AerCo or the Subsidiaries) to appoint a trustee in bankruptcy, liquidator or receiver, AerCo shall promptly notify the Servicer.

Notification of Bankruptcy. If any of AerCo MSAF or the Subsidiaries shall consider taking any action to: (a) file any petition or application, commence any proceeding, pass any resolution or convene a meeting with respect to itself or any of its Affiliates under any Jersey, Irish, United States Federalfederal, State state or foreign or international law relating to the appointment of a trustee in bankruptcy, liquidator or receiver with respect to any of AerCo MSAF or the Subsidiaries or over the whole or any part of any properties or assets of any of AerCo MSAF or the Subsidiaries or any bankruptcy, reorganization, compromise arrangements or insolvency of any of AerCo MSAF or the Subsidiaries; or (b) make an assignment for the benefit of its creditors generally; then AerCo MSAF shall notify the Servicer, to the extent practicable, of such consideration a reasonable period of time prior to taking any such action, but in any event, prior to taking any such action (it being understood that the foregoing notice requirement shall not be construed to prohibit or restrain the taking of any action described in (a) or (b) above). If any of AerCo MSAF or the Subsidiaries becomes aware of the intent or action of any Person (whether a creditor or member of any of AerCo MSAF or the Subsidiaries) to appoint a trustee in bankruptcy, liquidator or receiver, AerCo MSAF shall promptly notify the Servicer.

Notification of Bankruptcy. If any of AerCo MSAF or the Subsidiaries AOEs shall consider taking any action to: (a) file any petition or application, commence any proceeding, pass any resolution or convene a meeting with respect to itself or any of its Affiliates under any Jersey, Irish, United States Federalfederal, State state or foreign or international law relating to the appointment of a trustee in bankruptcy, liquidator or receiver with respect to any of AerCo MSAF or the Subsidiaries AOEs or over the whole or any part of any properties or assets of any of AerCo MSAF or the Subsidiaries AOEs or any bankruptcy, reorganization, compromise arrangements or insolvency of any of AerCo MSAF or the SubsidiariesAOEs; or (b) make an assignment for the benefit of its creditors generally; then AerCo MSAF or the relevant AOEs shall notify the Servicer, to the extent practicable, of such consideration a reasonable period of time prior to taking any such action, but in any event, prior to taking any such action (it being understood that the foregoing notice requirement shall not be construed to prohibit or restrain the taking of any action described in (a) or (b) above). If any of AerCo MSAF or the Subsidiaries AOEs becomes aware of the intent or action of any Person (whether a creditor or member of any of AerCo MSAF or the SubsidiariesAOEs) to appoint a trustee in bankruptcy, liquidator or receiver, AerCo MSAF or the relevant AOE shall promptly notify the Servicer.