Total Loss After Delivery Sample Clauses

Total Loss After Delivery. 17.2 (a) If a Total Loss occurs after Delivery, Lessee shall pay the Agreed Value to Lessor on or prior to the earlier of:
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Total Loss After Delivery. (a) If a Total Loss occurs after Delivery, Lessee will pay the Agreed Value to Lessor (or any Financing Party designated by Lessor) on the earlier of:
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Total Loss After Delivery. 22.2.1 If a Total Loss occurs after Delivery, Sublessee shall pay the Sublessor on or prior to the earlier of:
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Total Loss After Delivery. (a) If a Total Loss of the Aircraft occurs after Delivery, Lessee shall pay the Agreed Value to Owner (or any Financing Party designated by Lessor) on the earlier of: (i) the date of receipt of the insurance proceeds payable as a result of the Total Loss, or (ii) 90 days after the Total Loss Date (the "Settlement Date"), in either case unless the Aircraft is restored to Owner, Lessor or Lessee within that period (or, in the case of a Total Loss coming within paragraph (c) of the definition of Total Loss and involving the loss of Owner's title to the Aircraft, if both the Aircraft and Owner's title thereto are restored to Owner and/or Lessor or, in the case of the Aircraft, to Lessee). (b) The receipt by Owner (or any Financing Party designated by Lessor) of the insurance proceeds in respect of the Total Loss on or prior to the Settlement Date shall discharge Lessee from its obligation to pay the Agreed Value pursuant to this Section 11.2, provided such proceeds are not less than the Agreed Value. In the event that the insurance proceeds are paid initially to Lessee and not to Owner (or any Financing Party designated by Lessor), they may be retained by Lessee if Lessee shall have paid the Agreed Value to Owner (or any Financing Party designated by Lessor); otherwise Lessee shall pay the Agreed Value to Owner (or any Financing Party designated by Lessor) not later than the next Business Day following receipt by Lessee of such proceeds. In the event that Lessee pays the Agreed Value to Owner (or any Financing Party designated by Lessor) in full in accordance with this Section 11.2, Lessor shall cause Owner (or any applicable Financing Party) to promptly assign to Lessee its rights under the Insurances to receive the insurance proceeds in respect of the Total Loss to the extent that such proceeds have not been paid to Lessee. (c) Subject to the rights of any insurers or other third parties, upon irrevocable payment in full to Owner (or any Financing Party designated by Lessor) of the Agreed Value and all other amounts that are payable to Lessor under the Operative Documents, Owner shall without recourse or warranty (except as to the absence of Lessor Liens), and without further act, be deemed to have transferred to Lessee all of Owner's rights to any Engines or Parts not installed when the Total Loss occurred (or to any Engines or Parts that survived the Total Loss), all on an "as is where is" basis, and Lessor shall cause Owner to, at Lessee's expense, execut...
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Total Loss After Delivery. (a) If a Total Loss of the Aircraft or Airframe occurs after Delivery, Lessee shall pay the Agreed Value to Lessor on or prior to the earlier of:
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Related to Total Loss After Delivery

  • Maintenance of Physical Damage Insurance Policies The Servicer shall, in accordance with its customary servicing procedures and underwriting standards, require that each Obligor shall have obtained physical damage insurance covering each Financed Vehicle as of the origination of the related Receivable.

  • Physical Damage Insurance The Servicer shall, in accordance with its customary servicing procedures, require that each Obligor shall have obtained physical damage insurance covering the Financed Equipment as of the execution of the Receivable.

  • Partial Damage - Insured Loss If a Premises Partial Damage that is an Insured Loss occurs, then Lessor shall, at Lessor's expense, repair such damage (but not Lessee's Trade Fixtures or Lessee Owned Alterations and Utility Installations) as soon as reasonably possible and this Lease shall continue in full force and effect; provided, however, that Lessee shall, at Lessor's election, make the repair of any damage or destruction the total cost to repair of which is $10,000 or less, and, in such event, Lessor shall make any applicable insurance proceeds available to Lessee on a reasonable basis for that purpose. Notwithstanding the foregoing, if the required insurance was not in force or the insurance proceeds are not sufficient to effect such repair, the Insuring Party shall promptly contribute the shortage in proceeds (except as to the deductible which is Lessee's responsibility) as and when required to complete said repairs. In the event, however, such shortage was due to the fact that, by reason of the unique nature of the improvements, full replacement cost insurance coverage was not commercially reasonable and available, Lessor shall have no obligation to pay for the shortage in insurance proceeds or to fully restore the unique aspects of the Premises unless Lessee provides Lessor with the funds to cover same, or adequate assurance thereof, within ten (10) days following receipt of written notice of such shortage and request therefor. If Lessor receives said funds or adequate assurance thereof within said ten (10) day period, the party responsible for making the repairs shall complete them as soon as reasonably possible and this Lease shall remain in full force and effect. If such funds or assurance are not received, Lessor may nevertheless elect by written notice to Lessee within ten (10) days thereafter to: (i) make such restoration and repair as is commercially reasonable with Lessor paying any shortage in proceeds, in which case this Lease shall remain in full force and effect, or have this Lease terminate thirty (30) days thereafter. Lessee shall not be entitled to reimbursement of any funds contributed by Lessee to repair any such damage or destruction. Premises Partial Damage due to flood or earthquake shall be subject to Paragraph 9.3, notwithstanding that there may be some insurance coverage, but the net proceeds of any such insurance shall be made available for the repairs if made by either Party.

  • Risk of Loss; Insurance A. Landlord and Tenant shall each be responsible for loss, damage, or injury caused by its own negligence or willful conduct.

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