Loss Payment Date
Loss Payment Date. Shall mean with respect to the Aircraft the date on which payment, as described in Section 15(b) hereof, is made to the Lessor by the Lessee as the result of an Event of Loss with respect to the Aircraft. The Loss Payment Date shall be within one hundred twenty (120) days of the Rent Payment Date immediately following said Event of Loss.
Found in
Lennar Corp. contract
Loss Payment Date. Shall mean with respect to any item of equipment the date on which payment, as described in Section 16 (b) hereof, is made to the Lessor by the Lessee as the result of an Event of Loss with respect to such item. The Loss Payment Date shall be within ninety (90) days of the said Event of Loss.
All Definitions
Found in
Heritage Global Inc. contract