FAA Documents Sample Clauses
The "FAA Documents" clause defines the requirements and responsibilities related to obtaining, maintaining, and providing documentation mandated by the Federal Aviation Administration (FAA). Typically, this clause specifies which party must ensure that all necessary FAA certificates, approvals, and records are current and accessible, such as airworthiness certificates, maintenance logs, or operational authorizations. Its core practical function is to ensure regulatory compliance and operational safety by clearly assigning accountability for essential FAA documentation, thereby reducing the risk of legal or operational issues arising from missing or outdated records.
FAA Documents. Each FAA Registration Application, each FAA ▇▇▇▇ of Sale, and each Lease Termination Agreement with respect to the applicable Aircraft shall be positioned with FAA Counsel for filing and recordation with the FAA.
FAA Documents. On or prior to the Acceptance Date and at least one full Business Day prior to closing, Lessee shall have delivered to FAA counsel the following "FAA Documents", as applicable:
1. Evidence of reservation of a FAA registration number for the Aircraft and/or an Assignment of Special Registration Number (FAA AC Form 8050-64) assigning rights in such "N" number to Lessor with respect to the Aircraft.
2. Evidence of the issuance by the FAA of a Standard Airworthiness Certificate (FAA AC Form 8100-2) for the Aircraft.
(a) The executed FAA Aircraft ▇▇▇▇ of Sale (FAA AC Form 8050-2) (the "FAA ▇▇▇▇ of Sale") in the name of Lessor; (b) the executed FAA Aircraft Registration Application (FAA AC Form 8050-1) (the "Registration Application") (except for the pink copy which shall be available to be placed on the Aircraft upon acceptance thereof); (c) executed releases of any Liens in form and substance satisfactory to FAA Counsel, Lessor's counsel and/or Lessor; (d) one (1) fully executed counterpart of the Lease, and the Lease Supplement and Schedules thereto, all the foregoing being in proper form for filing with the FAA; (e) such other documents as are necessary, in the opinion of FAA Counsel, to vest good title to the Aircraft in the name of Lessor, free and clear of Liens; (f) a Declaration of International Operations if Lessee will fly the Aircraft out of the continental U.S. within thirty (30) days after Closing; and (g) if applicable, a LLC Application or statement acceptable to the FAA.