Common use of Alterations, Modifications and Additions Clause in Contracts

Alterations, Modifications and Additions. Except as provided in this Clause 8 and in Clause 6.6, Lessee shall not make any alteration, modification or addition to the Airframe or any of the Engines except such alterations, modifications or additions the cost (including labor costs of installation) of which is less than $50,000 and which can be removed from the Aircraft without diminishing or impairing the value of the Aircraft.

Appears in 2 contracts

Sources: Aircraft Purchase Agreement (Ubics Inc), Aircraft Lease Agreement (Ubics Inc)

Alterations, Modifications and Additions. Except as provided in this Clause 8 and in Clause 6.66.6 or as otherwise required by applicable law, Lessee shall not make any alteration, modification or addition to the Airframe or any of the Engines except such alterations, modifications or additions the cost (including labor labour costs of installation) of which is less than $50,000 ***** and which can be removed from the Aircraft without diminishing or impairing the value of the Aircraft.

Appears in 1 contract

Sources: Aircraft Lease Agreement (Controladora Vuela Compania De Aviacion, S.A.B. De C.V.)