Common use of ENGINE EXCHANGE Clause in Contracts

ENGINE EXCHANGE. Upon not less than five (5) Business Days' prior written notice to Lessor, Lessee may replace any Engine leased hereunder with another engine (the "Exchanged Engine") meeting the requirements of Section 10.2.

Appears in 11 contracts

Sources: Note Purchase Agreement (Continental Airlines Inc /De/), Lease Agreement (Atlas Air Worldwide Holdings Inc), Lease Agreement (Continental Airlines Inc /De/)

ENGINE EXCHANGE. Upon not less than five (5) Business Days' prior written notice to Lessor, Lessee may replace any Engine leased hereunder with another engine (the "Exchanged Engine") meeting the requirements of Section 10.2.

Appears in 2 contracts

Sources: Lease Agreement (Atlas Air Inc), Lease Agreement (Atlas Air Inc)

ENGINE EXCHANGE. Upon not less than five (5) Business Days' prior written notice to LessorLessor and Mortgagee, Lessee may replace any Engine leased hereunder with another engine (the "Exchanged Engine") meeting the requirements of Section 10.2.(S)

Appears in 1 contract

Sources: Note Purchase Agreement (Airtran Holdings Inc)

ENGINE EXCHANGE. Upon not less than five (5) Business Days' prior written notice to Lessor, Lessee may replace any Engine leased hereunder with another engine (the "Exchanged Engine") meeting the requirements of Section 10.2.the

Appears in 1 contract

Sources: Lease Agreement (Continental Airlines Inc /De/)

ENGINE EXCHANGE. Upon not less than five (5) Business Days' prior written notice to Lessor, Lessee may replace any Engine leased hereunder with another engine (the "Exchanged Engine") meeting the requirements of Section 10.211 (d). Such Exchanged Engine shall be deemed to be a "Replacement Engine" and Lessor and Lessee shall comply with the provisions of paragraph (f) below with regard to the Exchanged Engine and the Engine so replaced.

Appears in 1 contract

Sources: Aircraft Lease Agreement (Atlas Air Worldwide Holdings Inc)