Common use of Configuration and Condition Clause in Contracts

Configuration and Condition. The Aircraft shall be returned in the same configuration as on the Delivery Date and in the same condition with all Parts installed therein as on the Delivery Date, excepting only Modifications, additions, replacements and substitution of Parts as may have been properly made by Lessee pursuant to Section 9 of the Lease and as specifically otherwise set forth in this Exhibit F. Lessee shall, prior to such return of the Aircraft, furnish Lessor with a list of all such Modifications made during the Term. Lessee shall provide Lessor with the last twelve (12) reliability reports for the Aircraft as provided to the Aeronautical Authority and a list of all rotable Parts installed on the Aircraft during the last twelve (12) months of the Term and of all rotable Parts replaced during said last twelve (12) months. Lessee shall not replace Parts with parts having an operating record indicating a higher failure rate than the average for the same type of parts placed by Lessee in other aircraft or engines or propellers of the same respective model and manufacturer during the last twelve (12) months of the Term.

Appears in 3 contracts

Sources: Lease Agreement (Turn Works Acquisition Iii Sub a Inc), Lease Agreement (Turn Works Acquisition Iii Sub a Inc), Lease Agreement (Turn Works Acquisition Iii Sub a Inc)