Common use of Stipulated Loss Clause in Contracts

Stipulated Loss. Value and Termination Value amounts that are payable during any such Renewal Term shall be determined at the same time that the Renewal Rent for such Renewal Term is determined under ss. 17.2.2. Stipulated Loss Values and Termination Values for any such Renewal Term shall, commencing on the first day of such Renewal Term, be equal to the Fair Market Sales Value of the Aircraft on such day, and shall decline ratably on a monthly basis to the salvage value of the Aircraft as of the last day of its remaining useful life.

Stipulated Loss. Value and Termination Value amounts that are payable during any such Renewal Term shall be determined at the same time that the Renewal Rent for such Renewal Term is determined under ss. 17.2.2. Stipulated Loss Values and Termination Values for any such Renewal Term shall, commencing on the first firsT day of such Renewal Term, be equal to the Fair Market Sales Value of the Aircraft on such day, and shall decline ratably on a monthly basis to the salvage value of the Aircraft as of the last day of its remaining useful life.

Stipulated Loss. Value and Termination Value amounts that are payable during any such Renewal Term shall be determined at the same time that the Renewal Rent for such Renewal Term is determined under ss. (S) 17.2.2. Stipulated Loss Values and Termination Values for any such Renewal Term shall, commencing on the first firsT day of such Renewal Term, be equal to the Fair Market Sales Value such values as of the Aircraft on day before such dayRenewal Term, and shall decline ratably on a monthly basis to the salvage value of the Aircraft as of the last day of its remaining useful life.