Common use of Stipulated Loss Value Payment Clause in Contracts

Stipulated Loss Value Payment. In the event of payment in full of the Stipulated Loss Value for the Aircraft pursuant to Section 10.1.2 or 10.1.3 and, in either case, the amounts referred to in clauses (B) and (C) of Section 10.1.3, (A) the obligation of Lessee to pay Interim Rent and Basic Rent due after the SLV Determination Date with reference to which such Stipulated Loss Value is computed shall terminate (but Lessee shall remain liable for all payments of Supplemental Rent due through and including the date of such payment of Stipulated Loss Value), (B) the Term for the Aircraft shall end, and (C) Lessor will comply with the applicable provisions of Section 10.01 of the Trust Indenture and, upon Indenture Trustee's release of the Aircraft from the Lien of the Trust Indenture Estate, will Transfer to Lessee the Aircraft.

Stipulated Loss Value Payment. In the event of payment in full of the Stipulated Loss Value for the Aircraft pursuant to Section 10.1.2 or 10.1.3 and, in either case, the amounts referred to in clauses (B) and (C) of Section 10.1.3, (A) the obligation of Lessee to pay Interim Rent and Basic Rent due after the SLV Determination Date with reference to which such Stipulated Loss Value is computed shall terminate (but Lessee shall remain liable for all payments of Supplemental Rent due through and including the date of such payment of Stipulated Loss Value)terminate, (B) the Term for the Aircraft shall end, and (C) Lessor will comply with the applicable provisions of Section 10.01 of the Trust Indenture and, upon Indenture Trustee's release of the Aircraft from the Lien of the Trust Indenture Estate, will Transfer to Lessee the Aircraft.

Stipulated Loss Value Payment. In the event of payment in full of the Stipulated Loss Value for the Aircraft pursuant to Section 10.1.2 or 10.1.3 and, in either case, the amounts referred to in clauses (B) and (C) of Section 10.1.3, (A) the obligation of Lessee to pay Interim Rent and Basic Rent due after the SLV Determination Date with reference refer- SALE AND LEASE AGREEMENT [N604SW] -35- 42 ence to which such Stipulated Loss Value is computed shall terminate (but Lessee shall remain liable for all payments of Supplemental Rent due through and including the date of such payment of Stipulated Loss Value), (B) the Term for the Aircraft shall end, and (C) Lessor will comply with the applicable provisions of Section 10.01 of the Trust Indenture and, upon Indenture Trustee's release of the Aircraft from the Lien of the Trust Indenture Estate, will Transfer to Lessee the Aircraft.

Stipulated Loss Value Payment. In the event of payment in full of the Stipulated Loss Value for the Aircraft pursuant to Section 10.1.2 or 10.1.3 and, in either case, the amounts referred to in clauses (B) and (C) of Section 10.1.3, (A) the obligation of Lessee to pay Interim Rent and Basic Rent due after the SLV Determination Date with reference to which such Stipulated Loss Value is computed shall terminate (but Lessee shall remain liable for all payments of Supplemental Rent due through and including the date of such payment of Stipulated Loss Value), (B) the Term for the Aircraft shall end, and (C) Lessor will comply with the applicable provisions of Section 10.01 of the Trust Indenture shall be satisfied and, upon Indenture SALE AND LEASE AGREEMENT [N621SW] -35- 42 Trustee's release of the Aircraft from the Lien of the Trust Indenture Estate, will Transfer to Lessee the Aircraft.