Engines on Airframe Owned by Lessee. Lessee may install any Engine on an airframe owned by Lessee free and clear of all Liens, except (A) Permitted Liens or those which apply only to the engines (other than Engines), appliances, parts, instruments, appurtenances, accessories, furnishings and other equipment (other than Parts) installed on such airframe and (B) the Lien of any mortgage which expressly and effectively provides that such Engine leased to Lessee hereby shall not become subject to the Lien thereof, notwithstanding the installation of such Engine on any airframe subject to such Lien, unless and until Lessee shall become the owner of such Engine.
Appears in 5 contracts
Samples: Aircraft Lease Agreement (Air Transport Services Group, Inc.), Aircraft Lease Agreement (Air Transport Services Group, Inc.), Aircraft Lease Agreement (Air Transport Services Group, Inc.)
