Event of Loss. In the event of an Event of Loss with respect to the Aircraft prior to the Closing Date, the obligations of Purchaser and Seller hereunder (except under Section 6.12(b)) shall terminate.
Appears in 12 contracts
Sources: Purchase Agreement (PLM Equipment Growth & Income Fund Vii), Purchase Agreement (PLM Equipment Growth & Income Fund Vii), Purchase Agreement (PLM Equipment Growth Fund V)
Event of Loss. In the event of an Event of Loss with respect to the an Aircraft prior to the applicable Closing Date, the obligations of Purchaser and Seller hereunder (except under Section 6.12(b)) shall terminateterminate with respect to such Aircraft only.
Appears in 2 contracts
Sources: Purchase Agreement (PLM Equipment Growth Fund Vi), Purchase Agreement (PLM Equipment Growth & Income Fund Vii)