Sharing Information on Any Airworthiness Limitation Changes Clause Samples

This clause requires parties to promptly communicate any updates or changes to airworthiness limitations related to an aircraft or its components. In practice, this means that if a manufacturer, operator, or maintenance provider becomes aware of new or revised restrictions, inspection intervals, or maintenance requirements that affect the continued airworthiness of the equipment, they must inform the relevant parties, such as owners or lessees. The core function of this clause is to ensure that all stakeholders are kept informed of critical safety information, thereby supporting regulatory compliance and maintaining the safe operation of the aircraft.
Sharing Information on Any Airworthiness Limitation Changes. The FAA and EASA shall share information on any changes that affect operating limitations, life limits, or any other airworthiness limitation, including manual changes and changes to certification maintenance requirements. These changes should be promptly sent to the importing authority in order to ensure the continued operational safety of the aircraft. The FAA and EASA shall treat a reduced life limit as an unsafe condition and shall accordingly issue an Airworthiness Directive (AD) in accordance with their internal procedures. The FAA and EASA may also issue an AD for other limitation changes if they are considered an unsafe condition.
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Related to Sharing Information on Any Airworthiness Limitation Changes

  • Limitation on Changes in Fiscal Year Permit the fiscal year of the Borrower to end on a day other than December 31.

  • Limitation on Changes in Fiscal Periods Permit the fiscal year of the Borrower to end on a day other than December 31 or change the Borrower's method of determining fiscal quarters.

  • Standard of Care; Uncontrollable Events; Limitation of Liability SMC shall use reasonable professional diligence to ensure the accuracy of all services performed under this Agreement, but shall not be liable to the Company for any action taken or omitted by SMC in the absence of bad faith, willful misfeasance, negligence or reckless disregard by it of its obligations and duties. The duties of SMC shall be confined to those expressly set forth herein, and no implied duties are assumed by or may be asserted against SMC hereunder. SMC shall maintain adequate and reliable computer and other equipment necessary or appropriate to carry out its obligations under this Agreement. Upon the Company's reasonable request, SMC shall provide supplemental information concerning the aspects of its disaster recovery and business continuity plan that are relevant to the services provided hereunder. Notwithstanding the foregoing or any other provision of this Agreement, SMC assumes no responsibility hereunder, and shall not be liable for, any damage, loss of data, delay or any other loss whatsoever caused by events beyond its reasonable control. Events beyond SMC's reasonable control include, without limitation, force majeure events. Force majeure events include natural disasters, actions or decrees of governmental bodies, and communication lines failures that are not the fault of either party. In the event of force majeure, computer or other equipment failures or other events beyond its reasonable control, SMC shall follow applicable procedures in its disaster recovery and business continuity plan and use all commercially reasonable efforts to minimize any service interruption. SMC shall provide the Company, at such times as the Company may reasonably require, copies of reports rendered by independent public accountants on the internal controls and procedures of SMC relating to the services provided by SMC under this Agreement. Notwithstanding anything in this Agreement to the contrary, in no event shall SMC, its affiliates or any of its or their directors, officers, employees, agents or subcontractors be liable for exemplary, punitive, special, incidental, indirect or consequential damages, or lost profits, each of which is hereby excluded by agreement of the parties regardless of whether such damages were foreseeable or whether either party or any entity has been advised of the possibility of such damages.

  • Limitation on Accounting Changes Make or permit any change in accounting policies or reporting practices, without the consent of the Required Lenders, which consent shall not be unreasonably withheld, except changes that are required by GAAP.