Common use of MAINTENANCE REPORTS AND RECORDS Clause in Contracts

MAINTENANCE REPORTS AND RECORDS. (a) During the Term, LESSEE shall provide maintenance information and reporting requirements to LESSOR and any other party so designated by LESSOR including but not limited to: (i) written notification within thirty (30) days after issuance of any airworthiness directive or legal requirement affecting the Aircraft, Airframe, Engines or Parts; (ii) annual and quarterly written projections of scheduled Airframe, landing gear and Engine heavy maintenance; (iii) prompt written notification of damage to the Aircraft, Airframe, Engines or Parts where the estimated cost of repair is in excess of $250,000 (iv) prompt written notification of Engine removals, exchanges or foreign object damage (said report to include details of circumstances and plan of action to repair); (v) reports of Flight Hours and Cycles on a monthly basis; (vi) reporting of all service bulletins completed; and (vii) copies of all material reports sent to the FAA or Air Authority concerning the Aircraft.