Gulfstream Reporting Clause Samples

Gulfstream Reporting. (a) In addition to providing the information required in the Gulfstream Monthly Report described in Section 5.2(b) below, Gulfstream shall notify RACC within forty-eight (48) hours of any and all engine or propeller changes or substitutions with respect to the Leased Aircraft. Gulfstream agrees to execute, deliver and facilitate any and all required filings, including but not limited to filings with the FAA or the International Registry, that RACC shall determine in its sole discretion are necessary to evidence such changes or substitutions and to maintain and protect RACC’s interest in the Leased Aircraft and such changed or substituted equipment. Gulfstream agrees to provide bills of sale as requested by RACC for any new engines, propellers or other components installed in any Leased Aircraft. (b) Gulfstream shall provide to RACC a monthly report (the “Gulfstream Monthly Report”) with respect to the maintenance status of the Leased Aircraft. Each Gulfstream Monthly Report shall include: (i) a list of all Aircraft by airframe serial number, indicating (A) to which main base (i.e. Cleveland or Fort Lauderdale) such aircraft is operationally assigned, (B) the status (flying or down for maintenance) of such Aircraft and (C) the airframe Total Time, Total Cycles and hours remaining to next A/B/C structural inspection; (ii) a list of all on-wing engine modules with TT, TSO, CSO and LCF cycles remaining; (iii) serial numbers and identification of all loaner and rental engine modules that are on-wing on each respective Leased Aircraft; (iv) a list of all off-wing engine modules with TT, TSO, CSO and LCF cycles remaining, physical location, reason for removal condition and planned action with respect thereto; (v) a list of on-wing propellers on each respective Leased Aircraft, by serial number, TSO and date of overhaul; (vi) a list of all off-wing propellers by serial number, TSO, date of overhaul, reason for removal and planned action with respect thereto; and (vii) such other information as RACC may reasonably request from time to time.
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