Overhaul of Units Sample Clauses

Overhaul of Units. 19 (c) "Zero Time" Requirement .................................... 19 (d) Disposition Following Early Termination .................... 19 (e)
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Overhaul of Units. Immediately upon the surrender of any unit at the end of the Term, Lessee shall, if Lessor has so requested by written notice to Lessee, overhaul, or cause to be overhauled, such Unit and the engine surrendered therewith. As to the unit, such overhaul shall be done in the same manner and with the same care as used by owners of similar equipment, and as to the engine, in the same manner and with the same care as used by owners of similar engines used to power aircraft. A Unit or engine so overhauled shall be regarded as a zero-time Unit or a zero-time engine. In the event Lessor shall request Lessee to overhaul, or cause to be overhauled, any engine as above set forth, then Lessor shall reimburse Lessee in an amount equal to (i) the difference between, (ii) the number of hours that the engine was run by Lessee, since its last overhaul and (v) the average number of hours between overhauls for all similar engines operated by Lessee during the five year period immediately preceding the data of surrender, times (ii) the hourly market cost for overhauling engines as determined in accordance with paragraph (c) below.

Related to Overhaul of Units

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