Damage Notification Threshold definition

Damage Notification Threshold means *****

Damage Notification Threshold has the meaning provided in Annex A.

Damage Notification Threshold means US$[REDACTED].Insurance and Default MattersFor the purposes of Clause 15 (Insurance) and Schedule 5 (Insurance Requirements) of this Agreement:

Examples of Damage Notification Threshold in a sentence

• The proceeds of such insurances in respect of any loss other than a Total Loss shall be paid (i) to Lessee if such loss proceeds are less than the Damage Notification Threshold or in excess of the Agreed Value, or (ii) to such parties as may be necessary to repair the Aircraft if such loss proceeds are equal to or greater than the Damage Notification Threshold provided that if an Event of Default has occurred and is continuing, all such proceeds shall be paid to Lessor or its assignee.

• Lessee shall give Lessor prompt written notice of any warranty claim in respect of the Aircraft which is expected to exceed the Damage Notification Threshold.

• Lessee shall give Lessor prompt written notice of any warranty claim in respect of the Aircraft which is settled with Lessee on the basis of a total or partial cash payment in excess of the Damage Notification Threshold.

• Damage Notification Threshold the amount set forth in Appendix A.

• The Lessee confirms to the New Lessor on the date hereof and at the Effective Time (but, in respect of the Effective Time, subject to any qualifications noted in the Effective Time Notice): no [Event of Default] has occurred and is continuing under the Lease; no [[Event of Loss]/[Total Loss]] with respect to the [Airframe] or any Engine has occurred; and no damage has occurred to the Aircraft resulting in repair costs in excess of the [Damage Notification Threshold].

More Definitions of Damage Notification Threshold

Damage Notification Threshold has the meaning given in the Aircraft Lease Agreement.

Damage Notification Threshold has the meaning given to it in Schedule 2.

Damage Notification Threshold is defined in Appendix B.

Damage Notification Threshold has the meaning specified in Part 1 of Schedule 3.

Damage Notification Threshold insurance proceeds in amounts below the Damage Notification Threshold shall be paid by the insurer directly to Lessee; (d) LIABILITY PROCEEDS: all insurance proceeds in respect of third party liability will be paid by the insurers to the relevant third party in satisfaction of the relevant liability or to Owner, Lessor, Financing Partners' Representative or Lessee, as the case may be, in reimbursement of any payment so made; (e)

Damage Notification Threshold has the meaning given in Schedule 9; "Deductible Amount" has the meaning given in Schedule 9;

Damage Notification Threshold means $1,000,000;