Common use of Ownership of Parts Clause in Contracts

Ownership of Parts. Immediately upon any part's (including Modification Parts) becoming incorporated in, installed on or attached to the Airframe or any Engine, without further act (1) title to such part shall thereupon vest in Lessor, free and clear of all Liens (other than Permitted Liens), (2) such part shall become subject to the Lease Agreement and be deemed a "Part" of such Airframe or such Engine for all purposes hereof and (3) title to any replaced Part shall thereupon vest in Lessee, free and clear of all rights of Lessor and all Lessor Liens and shall no longer be deemed a Part hereunder, except that with respect to non-complying parts described in the last sentence of Section 2.3.1 of this Schedule 1 where such non-compliance is due to the failure to meet the requirements of Section 2.2.1.1 or 2.3.1.2 of this Schedule 1 and the parts described in Section 2.4.5 of this Schedule 1, title thereto shall not vest in Lessor. Lessee will at its own expense take all such steps and execute, and procure the execution of, all such instruments as Lessor may reasonably require and which are necessary to ensure that title so passes to Lessor according to all applicable laws. At any time when requested by Lessor, Lessee will provide evidence to Lessor's reasonable satisfaction (including the provision, if required, to Lessor of a legal opinion) that title has so passed to Lessor. All Parts (other than Modification Parts) at any time removed from the Airframe or any Engine shall remain the property of Lessor, no matter where located, until such time as such Parts shall be replaced by Parts which have been incorporated or installed in or attached to the Airframe or any Engine and which meet the requirements set forth in Section 2.3.1 of this Schedule 1. Upon any removal of Modification Parts pursuant hereto, title thereto shall, without further act, vest in Lessee free and clear of all rights of Lessor and all Lessor Liens, and such Modification Part shall no longer be deemed a Part hereunder.

Ownership of Parts. Immediately upon any part's part (including Modification Parts) becoming incorporated in, installed on or attached to the Airframe or any Engine, without further act act: (1a) title to such each part incorporated, installed or attached in accordance with Section 9.18 and which complies with the requirements of Section 9.18 shall thereupon (x) vest (with full title guarantee) in LessorOwner, free and clear of all Liens (other than Permitted Liens), (2y) be made subject to the Lien of any applicable financing document, and (z) and such part shall become subject to the Lease this Agreement and be deemed a "“Part" ” of such Airframe or such Engine for all purposes hereof hereof; and (3b) title to any replaced Part shall thereupon vest in Lessee, free and clear of all rights of Lessor Owner and all Lessor Liens and shall no longer be deemed a Part hereunder, except that Part. If any part which does not comply with respect to non-complying parts described in the last sentence of Section 2.3.1 of this Schedule 1 where such non-compliance is due to the failure to meet the requirements of Section 2.2.1.1 9.18 is incorporated in, installed in or 2.3.1.2 of this Schedule 1 and attached to the parts described in Section 2.4.5 of this Schedule 1Airframe, title thereto to such part shall not vest in LessorOwner and title to the replaced part shall not vest in Lessee until a part complying with this Section 9.18 is incorporated, installed in or attached to the Airframe. Lessee will will, at its own expense expense, take all such steps and execute, and procure the execution of, all such instruments as Lessor may reasonably require and which are necessary to ensure that title so passes to Lessor Owner according to all applicable lawsLaws. At any time when requested by Lessor, Lessee will provide evidence to Lessor's ’s reasonable satisfaction (including the provision, if required, to Lessor of a legal opinion) that title has so passed to LessorOwner. All Parts (other than Modification PartsParts replaced in accordance with Section 9.18) at any time removed from the Airframe or any Engine shall remain the property of LessorOwner, no matter where located, until such time as such Parts shall be replaced by Parts which have been incorporated or installed in or attached to the Airframe or any Engine and which meet the requirements set forth in Section 2.3.1 of this Schedule 1. Upon any removal of Modification Parts pursuant hereto, title thereto shall, without further act, vest in Lessee free and clear of all rights of Lessor and all Lessor Liens, and such Modification Part shall no longer be deemed a Part hereunderEngine.

Ownership of Parts. Immediately upon any part's (including Modification Parts) becoming incorporated in, installed on or attached to the Airframe or any Engine, without further act (1) title to such part shall thereupon vest in Lessor, free and clear of all Liens (other than Permitted Liens), (2) such part shall become subject to the Lease Agreement and be deemed a "Part" of such Airframe or such Engine for all purposes hereof and (3) title to any replaced Part shall thereupon vest in Lessee, free and clear of all rights of Lessor and all Lessor Liens and shall no longer be deemed a Part hereunder, except that with respect to non-complying parts described in the last sentence of Section 2.3.1 1.3.1 of this Schedule 1 2 where such non-compliance is due to the failure to meet the requirements of Section 2.2.1.1 1.3.1.1 or 2.3.1.2 1.3.1.2 of this Schedule 1 2 and the parts described in Section 2.4.5 1.4.6 of this Schedule 12, title thereto shall not vest in Lessor. Lessee will at its own expense take all such steps and execute, and procure the execution of, all such instruments as Lessor may reasonably require and which are necessary to ensure that title so passes to Lessor according to all applicable laws. At any time when requested by Lessor, Lessee will provide evidence to Lessor's reasonable satisfaction (including the provision, if required, to Lessor of a legal opinion) that title has so passed to Lessor. All Parts (other than Modification Parts) at any time removed from the Airframe or any Engine shall remain the property of Lessor, no matter where located, until such time as such Parts shall be replaced by Parts which have been incorporated or installed in or attached to the Airframe or any Engine and which meet the requirements set forth in Section 2.3.1 1.3.1 of this Schedule 12. Upon any removal of Modification Parts pursuant hereto, title thereto shall, without further act, vest in Lessee free and clear of all rights of Lessor and all Lessor Liens, and such Modification Part shall no longer be deemed a Part hereunder.