Common use of Application of Certain Payments Clause in Contracts

Application of Certain Payments. Any payments (other than insurance proceeds, the application of which is provided for in Section 11) received at any time by Lessor, Lessee or any Permitted Sublessee from any governmental authority or other Person with respect to any Event of Loss, will be applied as follows:

Appears in 10 contracts

Sources: Sale and Lease Agreement (Southwest Airlines Co), Sale and Lease Agreement (American Income Fund I-E), Sale and Lease Agreement (Southwest Airlines Co)