Common use of Notice of Default or Adverse Occurrence Clause in Contracts

Notice of Default or Adverse Occurrence. The Lessee shall --------------------------------------- promptly inform the Lessor of the occurrence of or the existence of a Default forthwith upon becoming aware of such Default.

Appears in 1 contract

Sources: Aircraft Lease Agreement (American Income Partners v B LTD Partnership)

Notice of Default or Adverse Occurrence. The Lessee shall --------------------------------------- promptly inform the Lessor of the occurrence of or the existence of a Default forthwith upon becoming aware of such Default.

Appears in 1 contract

Sources: Aircraft Lease Agreement (American Income Partners v a LTD Partnership)