Permanent Replacement of Engines and Parts Sample Clauses

The "Permanent Replacement of Engines and Parts" clause establishes the terms under which engines or parts that are defective, damaged, or otherwise unsuitable are replaced on a lasting basis. Typically, this clause outlines the process for identifying components that require replacement, the responsibilities of the parties involved in sourcing and installing the new parts, and any conditions or limitations on the replacement, such as timeframes or quality standards. Its core practical function is to ensure the continued safe and efficient operation of equipment by providing a clear mechanism for addressing and resolving issues with critical components, thereby minimizing downtime and disputes over maintenance obligations.
Permanent Replacement of Engines and Parts. If Lessee permanently replaces an Engine or Part Lessee shall procure that:
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Permanent Replacement of Engines and Parts. (a) Subject to Clauses 8.14 and 8.16, Lessee shall promptly procure the replacement of any Engine (an "Original Engine") which has suffered an Engine Event of Loss, and Lessee may procure the replacement of any Engine (an "Original Engine") in order to comply with the requirements of the Return Conditions, in each case with an engine complying with the following conditions: (i) it is of the same manufacturer and model (or, at Lessee's option, an improved model), it is suitable for installation and use on the Airframe without impairing the value or utility of the Airframe and it is compatible with the remaining installed Engine, it has equivalent interchangeable modification status, equivalent or lower flight hours elapsed and cycles elapsed since Life Limited Parts replacement and since last Engine Performance Restoration, equivalent remaining warranty status as the Original Engine and equivalent or greater value and utility as the Original Engine; at the time of the engine replacement Lessor or Lessee, as applicable, shall adjust the Engine Supplemental Rent to reflect the maintenance utility of the replacement engine; (ii) it has become and remains the property of Lessor free from Security Interests (except Permitted Liens) and on installation on the Aircraft will without further act be subject to this Agreement; and Lessee shall supply to Lessor with an officer's certificate demonstrating full compliance with this Clause 8.13(a); and (iii) Lessee has full details of its source and maintenance records with back to birth traceability on all Life Limited Parts.
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Permanent Replacement of Engines and Parts. (a) If an Engine is to be permanently replaced in accordance with Clause 12.1(a), Lessee shall procure that good and marketable title to a Replacement Engine free and clear of all Security Interests other than Permitted Liens is conveyed to Lessor and that such Replacement Engine is subject to this Agreement whereupon the Replacement Engine shall be an Engine hereunder and the replaced Engine shall cease to be an Engine and title to the replaced Engine shall vest in Lessee. The parties shall supply to each other all such title documents as the other may reasonably require to evidence and perfect such transfer of title in accordance with all applicable Laws (including the provision if requested by the other party of bills of sale, any amendments or supplements to this Agreement and legal opinions), and where the Cape Town Convention applies, the parties shall procure the prompt registration of the transfers of title at the International Registry. (b) Upon installation of a Replacement Part on the Airframe or any Engine, that Replacement Part shall without further act be deemed transferred to and owned by Lessor and subject to this Agreement, and the replaced Part shall be deemed transferred to and owned by ▇▇▇▇▇▇ and cease to be a Part hereunder.
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Permanent Replacement of Engines and Parts. In the case of an Engine replacement, such written notice shall be given to Lessor upon the earlier of (i) at least thirty (30) days’ prior to the scheduled substitution date or (ii) at least ninety (90) days prior to the Expiry Date, except in connection with a Total Loss of an Engine or failure of an Engine to meet the Redelivery Conditions.
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Permanent Replacement of Engines and Parts. (a) The Lessee may install or permit the installation of a Replacement Engine or Replacement Part on the Aircraft in place of an Engine or Part: (i) (in the case of a Replacement Engine) provided that no Default or Event of Default has occurred and is continuing and following a Total Loss of the original Engine; (ii) provided the Lessee indemnifies the Lessor and/or any Finance Party to the Lessor’s satisfaction against any Losses or Taxes incurred (or likely to be incurred) by the Lessor and/or that Finance Party as a result of the installation of such Replacement Engine or Replacement Part and/or the vesting of title to such Replacement Engine or Replacement Part in the Owner and/or such Replacement Engine or Replacement Part becoming subject to this Agreement and any other Relevant Document; (iii) provided that the Lessee procures at its expense that title to the Replacement Engine or Replacement Part (and any Supplier Warranties relating to it) vests in the Owner free of any Security and becomes subject to this Agreement and, where applicable, any Relevant Document and any relevant Finance Document (at which time the Replacement Engine or Replacement Part shall become an Engine or Part); (iv) provided that the Lessee procures that all steps are taken that may be required by law or reasonably requested by the Lessor to establish, maintain and protect the right, title and interest of the Lessor and the Finance Parties in and to the Replacement Engine or Replacement Part; and (v) (in the case of a Replacement Engine) if requested by the Lessor, provided that the Lessor and the Security Trustee receive a legal opinion in form and substance satisfactory to the Lessor and the Security Trustee as to the matters referred to in this paragraph (a); and (vi) (in the case of a Replacement Engine), if the Lessee is situated in a Contracting State, the Lessor and Lessee shall, at the Lessee’s expense and prior to title to the Replacement Engine being vested in the Owner: (A) enter into a Lease Supplement in such form as the Lessor shall require providing that, on the Owner obtaining title to the Replacement Engine pursuant to this Clause 15.4, the Lessor shall lease the Replacement Engine to the Lessee and the Replacement Engine shall be an Engine for the purposes of this Agreement; (B) where applicable, register with the International Registry any Registrable Interests created pursuant to this paragraph (vi) with such priority as the Lessor and the Finance Parties ...
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Related to Permanent Replacement of Engines and Parts

  • Selection of Subcontractors, Procurement of Materials and Leasing of Equipment The contractor shall not discriminate on the grounds of race, color, religion, sex, national origin, age or disability in the selection and retention of subcontractors, including procurement of materials and leases of equipment. The contractor shall take all necessary and reasonable steps to ensure nondiscrimination in the administration of this contract. a. The contractor shall notify all potential subcontractors and suppliers and lessors of their EEO obligations under this contract. b. The contractor will use good faith efforts to ensure subcontractor compliance with their EEO obligations.

  • Removal of Improvements All alterations, additions and other improvements by Tenant shall become the property of Landlord and shall not be removed from the Premises, unless request is made by Landlord to Tenant to remove those alterations, additions and other improvements which were made without Landlord's approval where such approval was required under this Lease. All moveable trade fixtures, furniture, furnishings and signs installed in the Premises by Tenant and paid for by Tenant, shall remain the property of Tenant and may be removed upon the expiration of the term of this Lease; provided that any of such items as are affixed to the Premises and require severance may be removed only if Tenant repairs any damage caused by such removal and that Tenant shall otherwise comply with all of the terms, conditions and covenants to be performed by Tenant under this Lease with respect to such removal. If Tenant fails to remove such items from the Premises by the expiration of the Lease Term or earlier termination of this Lease, all such trade fixtures, furniture, furnishings and signs shall become the property of Landlord, unless Landlord elects to require their removal, in which case Tenant shall, at its sole cost and expense, promptly remove the same and restore the Premises to its condition on the date of this Lease. The covenants contained in this Section shall survive the expiration of the Lease Term or earlier termination hereof.

  • Replacement of Parts Except as otherwise provided herein, so long as the Airframe or Engine is subject to the Lien of this Indenture, Owner, at its own cost and expense, will, or will cause a Permitted Lessee to, at its own cost and expense, promptly replace (or cause to be replaced) all Parts which may from time to time be incorporated or installed in or attached to the Aircraft, Airframe or any Engine and which may from time to time become worn out, lost, stolen, destroyed, seized, confiscated, damaged beyond repair or permanently rendered unfit for use for any reason whatsoever. In addition, Owner may, at its own cost and expense, or may permit a Permitted Lessee at its own cost and expense to, remove (or cause to be removed) in the ordinary course of maintenance, service, repair, overhaul or testing any Parts, whether or not worn out, lost, stolen, destroyed, seized, confiscated, damaged beyond repair or permanently rendered unfit for use; provided, however, that Owner, except as otherwise provided herein, at its own cost and expense, will, or will cause a Permitted Lessee at its own cost and expense to, replace such Parts as promptly as practicable. All replacement parts shall be free and clear of all Liens, except for Permitted Liens and pooling arrangements to the extent permitted by Section 4.04(c) below (and except in the case of replacement property temporarily installed on an emergency basis) and shall be in good operating condition and have a value and utility not less than the value and utility of the Parts replaced (assuming such replaced Parts were in the condition required hereunder).

  • System Upgrade Facilities and System Deliverability Upgrades Connecting Transmission Owner shall design, procure, construct, install, and own the System Upgrade Facilities and System Deliverability Upgrades described in Appendix A hereto. The responsibility of the Developer for costs related to System Upgrade Facilities and System Deliverability Upgrades shall be determined in accordance with the provisions of Attachment S to the ISO OATT.

  • Installation, Maintenance, Testing and Repair Unless otherwise agreed in writing by the Parties, to the extent required by Applicable Law, Interconnection provided by a Party shall be equal in quality to that provided by such Party to itself, any subsidiary, affiliates or third party. If either Party is unable to fulfill its obligations under this Section 14.2, it shall notify the other Party of its inability to do so and will negotiate alternative intervals in good faith. The Parties agree that to the extent required by Applicable Law, the standards to be used by a Party for isolating and clearing any disconnections and/or other outages or troubles shall be at parity with standards used by such Party with respect to itself, any subsidiary, affiliate or third party.