Total Loss Prior to Delivery Sample Clauses

Total Loss Prior to Delivery. 17.1 If a Total Loss occurs prior to Delivery, this Agreement shall immediately terminate, and except as expressly stated in this Agreement neither party will have any further obligation or liability under this Agreement other than:
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Total Loss Prior to Delivery. If a Total Loss occurs prior to Delivery, this Agreement shall immediately terminate, and except as expressly stated in this Agreement neither party will have any further obligation or liability under this Agreement, except that Sublessor will repay to Sublessee any prepaid Rent, the amount of Security Deposit, if paid, and return the Letter of Credit under this Agreement.
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Total Loss Prior to Delivery. If a Total Loss of the Aircraft occurs prior to Delivery, Lessor shall notify Lessee of same in writing whereupon the rights and obligations of the parties under this Agreement and any other Lessee Document shall cease and be discharged and none of the parties thereto shall have any further obligation or liability save for the Surviving Obligations, which shall continue to apply. If a Total Loss of one or both Engines occurs prior to Delivery, Lessor shall notify Lessee of same in writing whereupon Lessor shall be entitled to replace the Engine with another engine which meets the Delivery Condition, and any delay associated therewith will be deemed to be an Excusable Delay.
Sample 1
Total Loss Prior to Delivery. If the Aircraft has experienced a Total Loss prior to Delivery, then upon written notice of such Total Loss from Seller to Buyer or, if Buyer has notice thereof, upon written notice of such Total Loss from Buyer to Seller, Seller shall refund the Deposit to Buyer and thereafter, the parties shall have no further liability to one another hereunder and this Agreement shall thereupon terminate.
Sample 1

Related to Total Loss Prior to Delivery

  • Events Prior to Closing (a) Upon execution hereof or as soon thereafter as practical, management of AAI and QMT shall execute, acknowledge and deliver (or shall cause to be executed, acknowledged and delivered) any and all certificates, opinions, financial statements, schedules, agreements, resolutions, rulings or other instruments required by this Agreement to be so delivered, together with such other items as may be reasonably requested by the parties hereto and their respective legal counsel in order to effectuate or evidence the transactions contemplated hereby, subject only to the conditions to Closing referenced hereinbelow.

  • Actions Prior to the Distribution Prior to the Effective Time and subject to the terms and conditions set forth herein, the Parties shall take, or cause to be taken, the following actions in connection with the Distribution:

  • Operations Prior to the Closing Date (a) Seller shall use its commercially reasonable efforts to, and to cause the Companies to, operate and carry on the Business in the ordinary course and substantially as operated immediately prior to the date of this Agreement. Consistent with the foregoing, Seller shall use its commercially reasonable efforts, and shall cause the Companies to use their commercially reasonable efforts, consistent with good business practice, to preserve the goodwill of the suppliers, contractors, licensors, employees, customers, distributors and others having business relations with the Business.

  • Operations Prior to Closing Between the date of the execution of this Agreement and Closing:

  • COVENANTS PRIOR TO CLOSING 37 7.1 Access and Cooperation; Due Diligence...........................37 7.2 Conduct of Business Pending Closing.............................38 7.3

  • Actions Prior to Closing From the date hereof until the Closing Date, Contributor shall not take any action or fail to take any action the result of which could (1) have a material adverse effect on the Contributed Interests or the Operating Partnership’s ownership thereof, or any Material Adverse Effect on any Contributed Entity or Property after the Closing Date or (2) cause any of the representations and warranties contained in this Section 2.2 to be untrue as of the Closing Date.

  • Termination Prior to Closing This Agreement may be terminated at any time prior to the Closing:

  • ACTION PRIOR TO THE CLOSING DATE The respective parties hereto covenant and agree to take the following actions between the date hereof and the Closing Date:

  • Conduct of Business Prior to Closing Except as otherwise expressly required or contemplated by this Agreement or applicable Law, or with the prior written consent of the Investor, between the date of this Agreement and the Closing, the Company shall, and the Company shall cause each Company Subsidiary to:

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