Common use of Equipment Changes Clause in Contracts

Equipment Changes. Lessee will not make any modification or addition to the Aircraft (each an "EQUIPMENT CHANGE"), except for an Equipment Change which: (i) is expressly permitted or required by the Lease; or (ii) has (x) a cost (including labor) of less than the Modification Approval Amount or (y) the prior written approval of Lessor, and (z) in either case, does not diminish the condition, utility, airworthiness or value of the Aircraft. So long as no Default has occurred and is continuing, Lessee may remove or reverse any Equipment Change provided that the Equipment Change is not required pursuant to the terms of the Lease or to maintain the Insurances and removal or reversal does not diminish the value, utility, airworthiness or condition of the Aircraft assuming that such Equipment Change was not made and that Aircraft is maintained in accordance with the Lease. Furthermore, Lessor may require Lessee to remove or reverse any Equipment Change on the Expiry Date and to restore the Aircraft to its condition prior to that Equipment Change. Any Equipment Change not so removed or reversed becomes the property of Lessor or Owner, as the case may be, at the Expiry Date.

Equipment Changes. Lessee will not make any modification or addition to the Aircraft Engine (each an "EQUIPMENT CHANGE"“Equipment Change”), except for an Equipment Change which: (ia) is expressly permitted or required by the Lease; or (iib) has (x) a cost (including labor) of less than the Modification Approval Amount or (y) the prior written approval of Lessor, and (z) in either case, does not diminish in any material respect the condition, utility, airworthiness or value of the AircraftEngine. So long as no Significant Default or Event of Default has occurred and is continuing, Lessee may may, to the extent permitted by any Regulation, remove or reverse any Equipment Change provided that the Equipment Change is not required pursuant to the terms of the Lease or to maintain the Insurances Insurance and removal or reversal does not diminish in any material respect the value, utility, airworthiness or condition of the Aircraft Engine assuming that such Equipment Change was not made and that Aircraft is the Engine has been maintained in accordance with the Lease. Furthermore, Lessor may require Lessee to remove or reverse any Equipment Change on the Expiry Date and to restore the Aircraft Engine to its condition prior to that Equipment Change. Any Equipment Change not so removed or reversed becomes the property of Lessor or Owner, as the case may be, at the Expiry Date.

Equipment Changes. Lessee will not make any modification or addition to the Aircraft (each an "EQUIPMENT CHANGE"“Equipment Change”), except for an Equipment Change which: (ia) is expressly permitted or required by the Lease; or (iib) has (x) a cost (including labor) of less than the Modification Approval Amount or (y) the prior written approval of Lessor, Lessor (such approval not to be unreasonably withheld) and (z) in either case, does not diminish or impair the conditionvalue, utility, condition, or airworthiness of the Aircraft (save that Lessor’s approval shall not be required for painting or value minor cabin interior modifications not affecting the structure of the Aircraft). So long as no Default has occurred and is continuing, Lessee may remove or reverse any Equipment Change provided that the Equipment Change is not required pursuant to the terms of the Lease or to maintain the Insurances and removal or reversal does not diminish the value, utility, airworthiness or condition of the Aircraft assuming that such Equipment Change was not made and that Aircraft is maintained in accordance with the Lease. Furthermore, Lessor may require Lessee to remove or reverse any Equipment Change on the Expiry Date and to restore the Aircraft to its condition prior to that Equipment Change. Any Equipment Change not so removed or reversed becomes the property of Lessor or Owner, as the case may be, at the Expiry Date.

Equipment Changes. Lessee will not make any modification or addition to the Aircraft (each an "EQUIPMENT CHANGE"“Equipment Change”), except for an Equipment Change which: (ia) is expressly permitted or required by the Lease; or (iib) has (x) a cost (including labor) of less than the Modification Approval Amount or (y) the prior written approval of Lessor, and (z) in either case, does not change the configuration of the Aircraft from a passenger configuration or diminish in any material respect the condition, utility, airworthiness or value of the Aircraft. So long as no Significant Default or Event of Default has occurred and is continuing, Lessee may may, to the extent permitted by any Regulation, remove or reverse any Equipment Change provided that the Equipment Change is not required pursuant to the terms of the Lease or to maintain the Insurances Insurance and removal or reversal does not diminish in any material respect the value, utility, airworthiness or condition of the Aircraft assuming that such Equipment Change was not made and that the Aircraft is has been maintained in accordance with the Lease. Furthermore, Lessor may require Lessee to remove or reverse any Equipment Change on the Expiry Date and to restore the Aircraft to its condition prior to that Equipment Change. Any Equipment Change not so removed or reversed becomes the property of Lessor or Owner, as the case may be, at the Expiry Date.

Equipment Changes. Lessee will not make any modification or addition to the Aircraft (each an "EQUIPMENT CHANGE"), except for an Equipment Change which: (i) is expressly permitted or required by the Lease; or (ii) has (x) a cost (including labor) of less than the Modification Approval Amount or (y) the prior written approval of Lessor, and (z) in either case, does not not' diminish the condition, utility, airworthiness or value of the Aircraft. So long as no Default has occurred and is continuing, Lessee may remove or reverse any Equipment Change provided that the Equipment Change is not required pursuant to the terms of the Lease or to maintain the Insurances and removal or reversal does not diminish the value, utility, airworthiness or condition of the Aircraft assuming that such Equipment Change was not made and that Aircraft is maintained in accordance with the Lease. Furthermore, Lessor may require Lessee to remove or reverse any Equipment Change on the Expiry Date and to restore the Aircraft to its condition prior to that Equipment Change. Any Equipment Change not so removed or reversed becomes the property of Lessor or Owner, as the case may be, at the Expiry Date.