Common use of Requisition for Use of the Aircraft by the United States Government or the Government of Registry of the Aircraft Clause in Contracts

Requisition for Use of the Aircraft by the United States Government or the Government of Registry of the Aircraft. In the event of the requisition for use of the Airframe or the Engines or engines installed on the Airframe by the government of the United States of America or any other government of registry of the Aircraft or any instrumentality or agency of any thereof or a CRAF activation, in either case not constituting an Event of Loss, the Borrower shall promptly notify the Administrative Agent of such requisition or activation, and all of the Borrower's obligations under this Mortgage with respect to the Aircraft shall continue to the same extent as if such requisition or activation had not occurred. All payments received by the Administrative Agent or the Borrower from such government for the use of the Airframe and Engines or engines shall be paid over to, or retained by, the Borrower.

Appears in 2 contracts

Samples: Mortgage and Security Agreement (Frontier Airlines Inc /Co/), Mortgage and Security Agreement (Frontier Airlines Inc /Co/)

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Requisition for Use of the Aircraft by the United States Government or the Government of Registry of the Aircraft. In the event of the requisition for use of the Airframe or the Engines or engines installed on the Airframe by the government of the United States of America or any other government of registry of the Aircraft or any instrumentality or agency of any thereof or a CRAF activation, in either case not constituting an Event of Loss, the Borrower Lessee shall promptly notify the Administrative Agent Lessor of such requisition or activation, and all of the Borrower's Lessee’s obligations under this Mortgage Lease with respect to the Aircraft shall continue to the same extent as if such requisition or activation had not occurred. All payments received by the Administrative Agent Security Trustee or the Borrower Lessee from such government for the use of the Airframe and Engines or engines shall be paid over to, or retained by, the BorrowerLessee.

Appears in 1 contract

Samples: Aircraft Lease Agreement (Virgin America Inc.)

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Requisition for Use of the Aircraft by the United States Government or the Government of Registry of the Aircraft. In the event of the requisition for use of the an Airframe or the Engines or engines installed on the such Airframe by the government of the United States of America or any other government of registry of the an Aircraft or any instrumentality or agency of any thereof or a CRAF activation, in either case not constituting an Event of Loss, the Borrower shall promptly notify the Administrative Agent of such requisition or activation, and all of the Borrower's obligations under this Mortgage with respect to the such Aircraft shall continue to the same extent as if such requisition or activation had not occurred. All payments received by the Administrative Agent or the Borrower from such government for the use of the such Airframe and Engines or engines shall be paid over to, or retained by, the Borrower.

Appears in 1 contract

Samples: Mortgage and Security Agreement (Frontier Airlines Inc /Co/)

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