Common use of Indenture Supplements for Replacements Clause in Contracts

Indenture Supplements for Replacements. In the event of the substitution of a Replacement Airframe or Engine as contemplated by Section 11 of the Lease, the Owner Trustee and the Indenture Trustee agree for the benefit of the Note Holders and the Lessee, subject to fulfillment of the conditions precedent and compliance by the Lessee with its obligations set forth in Section 11 of the Lease, to execute and deliver the appropriate instruments as contemplated by Section 5.06 hereof, and execute and deliver to the Lessee (or any relevant Permitted Sublessee) an appropriate instrument releasing the Airframe and/or Engine(s) being replaced from the Lien of this Indenture.

Indenture Supplements for Replacements. In the event of the substitution of a Replacement Airframe or Trust Indenture Engine as contemplated by Section 11 of the Lease, the Owner Trustee and the Indenture Trustee agree for the benefit of the Note Holders and the Lessee, subject to fulfillment of the conditions precedent and compliance by the Lessee with its obligations set forth in Section 11 of the Lease, to execute and deliver the appropriate instruments as contemplated by Section 5.06 hereof, and execute and deliver to the Lessee (or any relevant Permitted Sublessee) an appropriate instrument releasing the Airframe and/or Engine(s) being replaced from the Lien of this Indenture.

Indenture Supplements for Replacements. In the event of the substitution of a Replacement Airframe or Engine as contemplated by Section 11 of the Lease, the Owner Trustee and the Indenture Trustee agree for the benefit of the Note Holders and the Lessee, subject to fulfillment of the conditions precedent and compliance by the Lessee with its obligations set forth in Section 11 of the Lease, to execute and deliver the appropriate instruments as contemplated by Section 5.06 hereof, and execute and deliver to the Lessee (or any relevant Permitted Sublessee) an appropriate instrument releasing Trust Indenture the Airframe and/or Engine(s) being replaced from the Lien of this Indenture.