Requisition of Use. In the event of a requisition for use by a Governmental Authority of an Engine not constituting an Event of Loss, any payments received by the Secured Party or the Company (or the Lessee of such Engine) from such government with respect to such requisition shall be paid to or retained by the Company (or such Lessee, as the case may be).
Appears in 1 contract
Sources: Loan Agreement (Flyi Inc)
Requisition of Use. In the event of a requisition for use by a Governmental Authority Government Entity of an such Engine not constituting an Event of Loss, any payments received by the Secured Party Security Trustee or the Company (or the any Lessee of such the applicable Engine) from such government with respect to such requisition shall be retained by or paid to or retained by the Company (or such Lessee, as the case may be).
Appears in 1 contract
Sources: Engine Mortgage and Security Agreement (America West Holdings Corp)