Airworthiness Directives. Airworthiness Directives ("ADs") ------------------------- shall be cleared for a period terminating three months after the redelivery date by Varig to PLM, except that ADs issued on a date after this agreement that has a termination or due date that falls into the three months after the redelivery date will be for the account of lessor.
Appears in 3 contracts
Sources: Settlement Agreement (PLM Equipment Growth Fund V), Settlement Agreement (Professional Lease Management Income Fund I LLC), Settlement Agreement (PLM Equipment Growth & Income Fund Vii)