Common use of Timely Demand Clause in Contracts

Timely Demand. In the event that the Lessor fails to make demand on Ex-Im Bank on behalf of an Interestholder within the time period required in Section 8.02(b)(vi), the Guarantee of the unpaid installment of Guaranteed Rent as to which such timely demand was not made shall automatically terminate with respect thereto. This termination shall be without prejudice to the right of the Lessor, on behalf of an Interestholder, to make demand on Ex-Im Bank under this Agreement for any other due and unpaid installments of Guaranteed Rent under any Lease Agreement or Lease Supplement.

Timely Demand. In the event that the Lessor fails to make demand on Ex-Im Ex­Im Bank on behalf of an Interestholder within the time period required in Section 8.02(b)(vi), the Guarantee of the unpaid installment of Guaranteed Rent as to which such timely demand was not made shall automatically terminate with respect thereto. This termination shall be without prejudice to the right of the Lessor, on behalf of an Interestholder, to make demand on Ex-Im Ex­Im Bank under this Agreement for any other due and unpaid installments of Guaranteed Rent under any Lease Agreement or Lease Supplement.