Common use of Engine Event of Loss Clause in Contracts

Engine Event of Loss. If such proceeds are received with respect to an Engine under the circumstances contemplated by Section 10.3: 11.2.1.2.1 To pay all amounts owing by Lessee hereunder and under the other Operative Documents. 11.2.1.2.2 With the remaining amount, if any, of such proceeds to be paid to, and retained by, Lessee, provided that Lessee shall have provided Lessor with a Replacement Engine pursuant to Section 10.3.

Engine Event of Loss. If such proceeds are received with respect to an Engine under the circumstances contemplated by Section 10.3: 11.2.1.2.1 To pay all amounts owing by Lessee hereunder and under the other Operative Documents, including all expenses and costs of Lessor due under Section 9 to Lessor in connection with such Event of Loss. 11.2.1.2.2 With the remaining amount, if any, of such proceeds to be paid to, and retained by, Lessee, provided that Lessee shall have provided Lessor replaced such Engine with a Replacement Engine pursuant to and otherwise complied with all of the terms of Section 10.3.