Lessor Default Termination Election

Example Definitions of "Lessor Default Termination Election"
Lessor Default Termination Election. Means the exercise by the lessor under any Lease of such lessor's right to cancel the leasing of any aircraft, to repossess an aircraft or to require that any aircraft be redelivered to such lessor, in each case, as a result of and following the occurrence and continuance of an event of default under such Lease.
All Definitions