Equipment Changes. (a) Lessee will not make any Voluntary Equipment Change expected to cost over $250,000 or that deviates from the Aircraft’s original type design or configuration without the prior written consent of Lessor, which consent shall not be unreasonably withheld. (b) Lessor may review ▇▇▇▇▇▇’s proposed designs, plans, engineering drawings and diagrams, and flight and maintenance manual revisions for any proposed Equipment Change. If requested by ▇▇▇▇▇▇, Lessee will furnish Lessor (at ▇▇▇▇▇▇’s expense) with such documents in final form and any other documents required by Applicable Law as a result of an Equipment Change. All Equipment Changes made to the Aircraft will be properly documented in the Aircraft Documents and be fully approved by the Aviation Authority. (c) Lessee shall not make any Voluntary Equipment Change that has the effect of diminishing or impairing the value, utility, condition or airworthiness of the Aircraft. (d) All permanent or structural Equipment Changes, all Mandatory Equipment Changes and all Voluntary Equipment Changes will, upon installation, become a part of the Aircraft and the property of Lessor. At Lessor’s request, all Voluntary Equipment Changes will be removed from the Aircraft before return of the Aircraft to Lessor and the Aircraft will be restored to its condition prior to that Equipment Change, and upon such removal and restoration will revert to become the property of Lessee; provided, that Lessee may not remove a Voluntary Equipment Change without Lessor’s consent during the continuation of a Default.
Appears in 3 contracts
Sources: Lease Agreement, Aircraft Lease Agreement, Lease Agreement
Equipment Changes. (a) Lessor acknowledges that title to the passenger seats in the Aircraft will remain at all times with ▇▇▇▇▇▇ and that Lessee will may from time to time remove or replace the passenger seats without Lessor’s consent.
(b) Lessee shall not make any Voluntary Equipment Change expected to cost over in excess of $250,000 150,000 or that deviates from the Aircraft’s 's original type design or configuration without the prior written consent of Lessor, which consent shall not be unreasonably withheld.
(bc) Lessor may review ▇▇▇▇▇▇’s 's proposed designs, plans, engineering drawings and diagrams, and flight and maintenance manual revisions for any proposed Equipment Change. If requested by ▇▇▇▇▇▇, Lessee will shall furnish Lessor (at ▇▇▇▇▇▇’s Lessee's expense) with such documents in final form and any other documents required by Applicable Law as a result of an Equipment Change. All Equipment Changes made to the Aircraft will shall be properly documented in the Aircraft Documents and be fully approved by the Aviation Authorityper EASA requirements.
(cd) Lessee shall not make any Voluntary Equipment Change that has the effect of diminishing or impairing the value, utility, condition or airworthiness of the Aircraft or invalidating any warranty applicable to the Aircraft.
(de) All permanent or structural Equipment Changes, all Mandatory Equipment Changes and all Voluntary Equipment Changes willshall, upon installation, become a part of the Aircraft and the property of Lessor. At Lessor’s 's request, all Voluntary Equipment Changes will shall be removed from the Aircraft before return of the Aircraft to Lessor and the Aircraft will shall be restored to its condition prior to that Equipment Change, and upon such removal and restoration will shall revert to become the property of Lessee; provided, that Lessee may not remove a Voluntary Equipment Change without Lessor’s 's consent during the continuation of a Default.
Appears in 2 contracts
Sources: Aircraft Lease Agreement (Air T Inc), Aircraft Lease Agreement (Air T Inc)
Equipment Changes. (a) Lessee will not make any Voluntary Equipment Change expected to cost over $250,000 or that deviates from the Aircraft’s original type design or configuration without the prior written consent of Lessor, which consent shall not be unreasonably withheld.
(b) Lessor may review ▇▇▇▇▇▇Lessee’s proposed designs, plans, engineering drawings and diagrams, and flight and maintenance manual revisions for any proposed Equipment Change. If requested by ▇▇▇▇▇▇Lessor, Lessee will furnish Lessor (at ▇▇▇▇▇▇Lessee’s expense) with such documents in final form and any other documents required by Applicable Law as a result of an Equipment Change. All Equipment Changes made to the Aircraft will be properly documented in the Aircraft Documents and be fully approved by the EASA and the Aviation Authority.
(c) Lessee shall not make any Voluntary Equipment Change that has the effect of diminishing or impairing the value, utility, condition or airworthiness of the Aircraft.
(d) All With the exception of the reconfiguration contemplated at 8.16(e). all permanent or structural Equipment Changes, all Mandatory Equipment Changes and all Voluntary Mandatory Equipment Changes will, upon installation, become a part of the Aircraft and the property of Lessor. At All Voluntary Equipment Changes (other than those performed in accordance with a Manufacturer’s service bulletin) will remain the property of Lessee and, at Lessor’s request, all Voluntary Equipment Changes will be removed from the Aircraft before return of the Aircraft to Lessor and the Aircraft will be restored to its condition prior to that Equipment Change, and upon such removal and restoration will revert to become the property of Lessee; provided, that Lessee may not remove a Voluntary Equipment Change without Lessor’s consent during the continuation of a DefaultDefault and provided that Lessor shall have the option of purchasing any winglets installed on or interior reconfiguration performed on the Aircraft by Lessee on terms to be mutually agreed or of requiring Lessee to remove same prior to redelivery.
Appears in 1 contract
Sources: Lease Agreement (Global Crossing Airlines Group Inc.)
Equipment Changes. (a) Lessee will not make any Voluntary Equipment Change expected to cost over $250,000 or that deviates from the Aircraft’s 's original type design or configuration without the prior written consent of Lessor, which consent shall not be unreasonably withheld.
(b) Lessor may review ▇▇▇▇▇▇’s Lessee's proposed designs, plans, engineering drawings and diagrams, and flight and maintenance manual revisions for any proposed Equipment Change. If requested by ▇▇▇▇▇▇Lessor, Lessee will furnish Lessor (at ▇▇▇▇▇▇’s Lessee's expense) with such documents in final form and any other documents required by Applicable Law as a result of an Equipment Change. All Equipment Changes made to the Aircraft will be properly documented in the Aircraft Documents and be fully approved by the Aviation Authority.
(c) Lessee Lessor shall not make any Voluntary Equipment Change that has the effect of diminishing or impairing the value, utility, condition or airworthiness of the Aircraft.
(d) All permanent or structural Equipment Changes, all Mandatory Equipment Changes and all Voluntary Mandatory Equipment Changes will, upon installation, become a part of the Aircraft and the property of Lessor. At Lessor’s request, all All temporary and non-structural Voluntary Equipment Changes will remain the property of Lessee and, at Lessor's request, will be removed from the Aircraft before return of the Aircraft to Lessor and the Aircraft will be restored to its condition prior to that Equipment Change, and upon such removal and restoration will revert to become the property of Lessee; provided, that Lessee may not remove a Voluntary Equipment Change without Lessor’s 's consent during the continuation of a Default.
Appears in 1 contract
Sources: Lease Agreement (Airfund International Limited Partnership)