Common use of Notice of Event of Loss Clause in Contracts

Notice of Event of Loss. In the case of any Aircraft, if, prior to the date on which such Aircraft is subjected to a financing in the manner provided herein, an event has occurred and is continuing that constitutes (i) with respect to any Owned Aircraft that is subject to an Existing Financing, if any, or any New Aircraft that is subject to a Bridge Financing, if any, an Event of Loss (as defined in either (a) the mortgage or security agreement to which such Aircraft was then subject in connection with such Existing Financing, if any, or such Bridge Financing, if any, as the case may be, or (b) the Indenture Form) or (ii) with respect to any Aircraft that is not then subject to an Existing Financing or a Bridge Financing, an Event of Loss (as defined in the Indenture Form), in each case, with respect to such Aircraft or that would constitute such an Event of Loss but for the requirement that notice be given or time elapse or both, the Company will as promptly as practicable (and, in any event, within 15 days after the occurrence of the relevant Event of Loss) give notice of such event to each Pass Through Trustee and the Subordination Agent and instruct each Pass Through Trustee, and each Pass Through Trustee agrees, to execute and deliver to the applicable Escrow Agent a duly completed Withdrawal Certificate (as defined in the applicable Escrow and Paying Agent Agreement) together with a relevant Notice of Event of Loss Withdrawal (as defined in the applicable Escrow and Paying Agent Agreement).

Notice of Event of Loss. In the case of any Aircraft, if, prior to the date on which such Aircraft is subjected to a financing in the manner provided herein, an event has occurred and is continuing that constitutes (i) with respect to any Owned Aircraft that is subject to an Existing Financing, if any, or any New Aircraft that is subject to a Bridge Financing, if any, an Event of Loss (as defined in either (ai) if at the mortgage or time of the occurrence of such event such Aircraft was subject to an Existing Financing, the security agreement to which such Aircraft was then subject in connection with such Existing Financing, if any, or such Bridge Financing, if any, as the case may be, or (b) the Indenture Form) Financing or (ii) with respect to any if at the time of the occurrence of such event such Aircraft that is was not then subject to an Existing Financing or a Bridge Financing, an Event the form of Loss (as defined in the Indenture Form)annexed hereto, as such form is modified from time to time in each case, accordance with the terms hereof) with respect to such Aircraft or that would constitute such an Event of Loss but for the requirement that notice be given or time elapse or both, the Company will as promptly as practicable (and, in any event, within 15 days after the occurrence of the relevant Event of Loss) give notice of such event to each the Class A Pass Through Trustee and the Subordination Agent and instruct each the Class A Pass Through Trustee, and each the Class A Pass Through Trustee agrees, to execute and deliver to the applicable Escrow Agent a duly completed Withdrawal Certificate (as defined in the applicable Escrow and Paying Agent Agreement) together with a relevant Notice of Event of Loss Withdrawal (as defined in the applicable Escrow and Paying Agent Agreement).

Notice of Event of Loss. In the case of any Aircraft, if, prior to the date on which such Aircraft is subjected to a financing in the manner provided herein, an event has occurred and is continuing that constitutes (i) with respect to any Owned Aircraft that is subject to an Existing Financing, if any, or any New Aircraft that is subject to a Bridge Financing, if any, an Event of Loss (as defined in either (ax) if at the mortgage or time of the occurrence of such event such Aircraft was subject to an Existing Financing, the indenture and security agreement to which such Aircraft was then subject in connection with such Existing Financing, if any, or such Bridge Financing, if any, as the case may be, Financing or (by) if at the Indenture Form) or (ii) with respect to any time of the occurrence of such event such Aircraft that is was not then subject to an Existing Financing or a Bridge Financing, an Event the form of Loss (as defined in the Indenture Form)annexed hereto, as such form is modified from time to time in each case, accordance with the terms hereof) with respect to such Aircraft or that would constitute such an Event of Loss but for the requirement that notice be given or time elapse or both, the Company will as promptly as practicable (and, in any event, within 15 days after the occurrence of the relevant Event of Loss) give notice of such event to each Pass Through Trustee and the Subordination Agent and instruct each Pass Through Trustee, and each Pass Through Trustee agrees, to execute and deliver to the applicable Escrow Agent a duly completed Withdrawal Certificate (as defined in the applicable Escrow and Paying Agent Agreement) together with a relevant Notice of Event of Loss Withdrawal (as defined in the applicable Escrow and Paying Agent Agreement).

Notice of Event of Loss. In the case of any Pre-Funded Aircraft, if, on or after the date on which the Company has taken title to such Pre-Funded Aircraft and prior to the date on which such Pre-Funded Aircraft is subjected to a financing in the manner provided herein, an event has occurred and is continuing that constitutes an Event of Loss (as defined in (i) with respect to any Owned if at the time of the occurrence of such event such Pre-Funded Aircraft that is subject to an Existing Financing, if any, or any New Aircraft that is was subject to a Bridge Financing, if any, an Event of Loss (as defined in either (a) the mortgage or security agreement to which such Pre-Funded Aircraft was then subject in connection with such Existing Bridge Financing, if any, or (ii) if at the time of the occurrence of such event such Pre-Funded Aircraft was not subject to a Bridge Financing, if any, as the case may be, or (b) form of the Indenture Form) or (iiannexed hereto, as such form is modified from time to time in accordance with the terms hereof) with respect to any Aircraft that is not then subject to an Existing Financing or a Bridge Financing, an Event of Loss (as defined in the Indenture Form), in each case, with respect to such Pre-Funded Aircraft or that would constitute such an Event of Loss but for the requirement that notice be given or time elapse or both, the Company will as promptly as practicable (and, in any event, within 15 days after the occurrence of the relevant Event of Loss) give notice of such event to each Pass Through Trustee and the Subordination Agent and instruct each Pass Through Trustee, and each Pass Through Trustee agrees, to execute and deliver to the applicable Escrow Agent a duly completed Withdrawal Certificate (as defined in the applicable Escrow and Paying Agent Agreement) together with a relevant Notice of Event of Loss Withdrawal (as defined in the applicable Escrow and Paying Agent Agreement).

Notice of Event of Loss. In the case of any Aircraft, if, prior to the date on which such Aircraft is subjected to a financing in the manner provided herein, an event has occurred and is continuing that constitutes (i) with respect to any Owned Aircraft that is subject to an Existing Financing, if any, or any New Aircraft that is subject to a Bridge Financing, if any, an Event of Loss (as defined in either (ai) if at the mortgage or time of the occurrence of such event such Aircraft was subject to an Existing Financing, the indenture and security agreement to which such Aircraft was then subject in connection with such Existing Financing, if any, or such Bridge Financing, if any, as the case may be, or (b) the Indenture Form) Financing or (ii) with respect to any if at the time of the occurrence of such event such Aircraft that is was not then subject to an Existing Financing or a Bridge Financing, an Event the form of Loss (as defined in the Indenture Form)annexed hereto, as such form is modified from time to time in each case, accordance with the terms hereof) with respect to such Aircraft or that would constitute such an Event of Loss but for the requirement that notice be given or time elapse or both, the Company will as promptly as practicable (and, in any event, within 15 days after the occurrence of the relevant Event of Loss) give notice of such event to each Pass Through Trustee and the Subordination Agent and instruct each Pass Through Trustee, and each Pass Through Trustee agrees, to execute and deliver to the applicable Escrow Agent a duly completed Withdrawal Certificate (as defined in the applicable Escrow and Paying Agent Agreement) together with a relevant Notice of Event of Loss Withdrawal (as defined in the applicable Escrow and Paying Agent Agreement).

Notice of Event of Loss. In the case of any Aircraft, if, prior to the date on which such Aircraft is subjected to a financing in the manner provided herein, an event has occurred and is continuing that constitutes (i) with respect to any Owned Aircraft that is subject to an Existing Financing, if any, or any New Aircraft that is subject to a Bridge Financing, if any, an Event of Loss (as defined in either (a) the mortgage or security agreement to which such Aircraft was then subject in connection with such Existing Financing, if any, or such Bridge Financing, if any, as the case may be, or (b) the Indenture Form) or (ii) with respect to any Aircraft that is not then subject to an Existing Financing or a Bridge Financing, an Event of Loss (as defined in the Indenture Form), in each case, with respect to such Aircraft or that would constitute such an Event of Loss but for the requirement that notice be given or time elapse or both, the Company will as promptly as practicable (and, in any event, within 15 days after the occurrence of the relevant Event of Loss) give notice of such event to each Pass Through Trustee and the Subordination Agent and instruct each Pass Through Trustee, and each Pass Through Trustee agrees, to execute and deliver to the applicable Escrow Agent a duly completed Withdrawal Certificate (as defined in the applicable Escrow and Paying Agent Agreement) together with a relevant Notice of Event of Loss Withdrawal (as defined in the applicable Escrow and Paying Agent Agreement).. Note Purchase Agreement American Airlines 2019-1 Aircraft EETC