Settlement of Losses. The Indemnifying Party shall not consent to a settlement of or the entry of any judgment arising from, any such claim or legal proceeding, without the prior written consent of the Indemnified Party (which consent shall not be unreasonably withheld or delayed).
Settlement of Losses. If the Indemnified Party has assumed the defense of any claim by a third party which may give rise to indemnity hereunder pursuant to Section 11.06(d), the Indemnified Party shall not settle, consent to the entry of a judgment of or compromise such claim without the prior written consent (which consent shall not be unreasonably withheld or delayed) of the Indemnifying Party.
Settlement of Losses name Lessor as (sole) Loss Payee for the Agreed Value and (sole) Contract Party in respect of any Total Loss of the Aircraft or Airframe for an amount equal to the Agreed Value and provide that any such Total Loss will be settled jointly by Lessor and Lessee (in respect of which settlement Lessee agrees that it shall comply with the reasonable and lawful instructions of Lessor) so long as no Event of Default has occurred and is continuing and solely with Lessor if an Event of Default has occurred and is continuing, and will be payable in Dollars directly to Lessor provided that where the loss does not exceed the Damage Notification Threshold and Lessor has not notified the insurers to the contrary, the loss will be settled with and paid to Lessee; ***** Confidential portions of the material have been omitted and filed separately with the Securities and Exchange Commission.
Settlement of Losses provide that any loss will be settled jointly with Lessor and Lessee, and will be payable in Dollars to Lessor, as sole loss payee, for the account of all interests, except where the insurance payment does not exceed the Damage Notification Threshold, and no Default is in existence, in which case the loss will be settled with and paid to Lessee;
Settlement of Losses provided that any loss will be payable in Dollars to Lender, if none, to Lessor or at the request of Lessor to Lender. In respect of any other claim, the relevant policy shall provide that settlement (net of any relevant policy deductible) shall be made with such parties as may be necessary to repair the Aircraft or as otherwise agreed after consultation between the Lender, the Owner Trustee, the Lessor and the Lessee. The relevant policy shall provide that such payments shall only made provided the same are in compliance with all applicable laws and regulations.
Settlement of Losses include a loss payable section that provides that all insurance proceeds in respect of a Total Loss shall be settled in Dollars and shall be payable to the Relevant Agent or its designee and that all other insurance proceeds shall be paid in accordance with the terms of this Agreement;
Settlement of Losses provide that any loss will be settled jointly with Lessor and Lessee, and will be payable in Dollars to Lessor, for the account of all interests, except where the insurance payment does not exceed the Damage Notification Threshold and no Payment Default or Event of Default is in existence, in which case the loss or such portion of the loss will be settled with and paid to Lessee;
Settlement of Losses provide that any loss will be settled jointly with Lessor and Lessee, and will be payable in U.S.$ to Lessor (except in the case of an Event of Loss, in which case the proceeds will be paid to Security Trustee), for the account of all interests any insurance proceeds in excess of the Agreed Value shall be payable to Lessee unless a Lease Default or Lease Event of Default has occurred and is continuing;
Settlement of Losses. Losses under any policy (except any liability insurance and Workers’ Compensation Insurance) shall be adjusted with the Recognized Mortgagee, or if there is no Recognized Mortgagee, with the Port Authority. Except as otherwise provided herein, the proceeds shall be payable to the Recognized Mortgagee or, if there is no Recognized Mortgagee, to the Port Authority to be held in trust for the benefit of the Lessee, provided that, except as otherwise provided herein, all said proceeds shall be used for the repair, replacement or rebuilding of the Premises. Said proceeds shall be disbursed upon the request of an entity obligated to repair, replace or rebuild, provided that the Lessee or such entity has obtained the necessary approvals from the Port Authority to repair, replace or rebuild in accordance with the relevant provisions of this Agreement.
Settlement of Losses provide that any loss will be settled jointly with Owner and Lessee, and will be payable in Dollars to Owner, for the account of all interests, except where the loss does not exceed the Damage Notification Threshold, and Lessor has not notified the insurers to the contrary, in which case the loss will be settled with and paid to Lessee; (c) 50/50 PROVISION: if separate Hull "all risks" and "war risks" insurances are arranged, include a 50/50 provision in accordance with market practice (AVS. 103 is the current market language); (d)
