Return of Engines. Lessee may return the Aircraft with a substitute engine or engines, provided that such engine conforms to all applicable requirements set forth in this Section 6. In the event any engine not owned by Lessor shall be returned with the Airframe, Lessee will, at its own expense and concurrently with such return, furnish Lessor with a full warranty bill of sale, free and clear of all liens, claims and encumbrances, in form and substance satisfactory to Lessor, with respect to each such replacement engine and shall take such other action as Lessor may reasonably request in order that such replacement engine shall be duly and properly titled in Lessor. Upon passage of title to Lessor such replacement engine shall be deemed to be an Engine for all purposes hereof and thereupon Lessor will transfer to Lessee, without recourse or warranty except a warranty as to Lessor's title and the absence of Lessor's Liens, all of Lessor's right, title and interest in and to an Engine not installed on such Airframe at the time of the return thereof.
Appears in 1 contract
Sources: Aircraft Lease Agreement (Turn Works Acquisition Iii Sub a Inc)
Return of Engines. Lessee may return the Aircraft with a substitute engine or engines, provided that such engine conforms to all applicable requirements set forth in this Section 6. In the event any engine not owned by Lessor shall be returned with the Airframe, Lessee will, at its own expense and concurrently with such return, furnish Lessor with a full warranty bill of sale, free and clear of all liens, claims and encumbrances, in ββ form and substance satisfactory to Lessor, with respect to each such replacement engine and shall take such other action as Lessor may reasonably request in order that such replacement engine shall be duly and properly titled in Lessor. Upon passage of title to Lessor such replacement engine shall be deemed to be an Engine for all purposes hereof 34 and thereupon Lessor will transfer to Lessee, without recourse or warranty except a warranty as to Lessor's title and the absence of Lessor's Liens, all of Lessor's right, title and interest in and to an Engine not installed on such Airframe at the time of the return thereof.
Appears in 1 contract
Sources: Aircraft Lease Agreement (Turn Works Acquisition Iii Sub a Inc)