Common use of Pooling of Parts Clause in Contracts

Pooling of Parts. Any Part removed from the Aircraft, Airframe or any Engine as provided in Section 8.2 may be subjected by Lessee (or a Permitted Sublessee) to a normal pooling arrangement customary in the airline industry entered into in the ordinary course of business of Lessee or such Permitted Sublessee, so long as a Part replacing such removed Part shall be incorporated in the Aircraft, Airframe or such Engine in accordance with Section 8.2 as promptly as practicable after the removal of such removed Part. In addition, any replacement Part when incorporated in the Aircraft, SALE AND LEASE AGREEMENT 24 Airframe or any Engine in accordance with Section 8.2 may be owned by any third party subject to such a normal pooling arrangement, so long as Lessee (or any Permitted Sublessee), at its own cost and expense, as promptly thereafter as practicable either (i) causes title to such replacement Part to vest in Lessor in accordance with Section 8.2 by Lessee (or any Permitted Sublessee) acquiring title thereto for the benefit of, and transferring such title to, Lessor free and clear of all Liens (except Permitted Liens), or (ii) replaces such replacement Part by incorporating in the Aircraft, Airframe or such Engine a further replacement Part owned by Lessee (or any Permitted Sublessee) free and clear of all Liens (except Permitted Liens) and by causing title to such further replacement Part to vest in Lessor in accordance with Section 8.2.

Pooling of Parts. Any Part removed from the Aircraft, Airframe or any Engine as provided in Section 8.2 may be subjected by Lessee (or a Permitted Sublessee) to a normal pooling arrangement customary in the airline industry entered into in the ordinary course of business of Lessee or such Permitted Sublessee, so long as a Part part replacing such removed Part shall be incorporated in the Aircraft, Airframe or such Engine in accordance with Section 8.2 as promptly as practicable after the removal of such removed Part. In addition, any replacement Part part when incorporated in the Aircraft, SALE AND LEASE AGREEMENT 24 Airframe or any Engine in accordance with Section 8.2 may be owned by any third party subject to such a normal pooling arrangement, so long as Lessee (or any Permitted Sublessee), at its own cost and expense, as promptly thereafter as practicable either (i) causes title to such replacement Part part to vest in Lessor in accordance with Section 8.2 by Lessee (or any Permitted Sublessee) acquiring title thereto for the benefit of, and transferring such title to, Lessor free and clear of all Liens (except Permitted Liens), or (ii) replaces such replacement Part part by incorporating in the Aircraft, Airframe or such Engine a further replacement Part part owned by Lessee (or any Permitted Sublessee) free and clear of all Liens (except Permitted Liens) and by causing title to such further replacement Part part to vest in Lessor in accordance with Section 8.2.

Pooling of Parts. Any Part removed from the Aircraft, Airframe or any Engine as provided in Section 8.2 may be subjected by Lessee (or a Permitted Sublessee) to a normal pooling arrangement customary in the U.S. commercial airline industry entered into in the ordinary course of business of Lessee or such Permitted SublesseeLessee, so long as a Part replacing such removed Part shall be incorporated in the such Aircraft, Airframe or such Engine in accordance with Section 8.2 as promptly as practicable possible after the removal of such removed Part. In addition, any replacement Part when incorporated in the such Aircraft, SALE AND LEASE AGREEMENT 24 Airframe or any such Engine in accordance with Section 8.2 may be owned by any third party air carrier subject to such a normal pooling arrangement, so long as Lessee (or any Permitted Sublessee), at its own cost and expenseLessee, as promptly thereafter as practicable reasonably possible, either (i) causes title to such replacement Part to vest in Lessor in accordance with Section 8.2 by Lessee (or any Permitted Sublessee) acquiring title thereto for the benefit of, and transferring such title to, Lessor free and clear of all Liens (except Permitted Liens), or (ii) replaces such replacement Part by incorporating in the Aircraft, Airframe or such Engine a further replacement Part owned by Lessee (or any Permitted Sublessee) free and clear of all Liens (except Permitted Liens) and by causing title to such further replacement Part to vest in Lessor in accordance with Section 8.2.

Pooling of Parts. Any Part removed from the Aircraft, Airframe or any Engine as provided in Section 8.2 may be subjected by Lessee (or a Permitted Sublessee) Sublessee to a normal pooling arrangement customary in the airline industry and entered into in the ordinary course of business of Lessee or such Permitted Sublessee, so long as a Part replacing such removed Part shall be incorporated or installed in or attached to the Aircraft, Airframe or such Engine in accordance with Section 8.2 paragraph B of this Annex C as promptly as practicable after the removal of such removed Part. In addition, any replacement Part when incorporated or installed in or attached to the Aircraft, SALE AND LEASE AGREEMENT 24 Airframe or any Engine in accordance with Section 8.2 may be owned by any third party subject to such a normal pooling arrangement, so long as Lessee (or any Lessee, Permitted Sublessee), at its own cost and expense, as promptly thereafter as practicable reasonably possible either (i) causes title to such replacement Part part to vest in Lessor in accordance with Section 8.2 by Lessee (or any Permitted Sublessee) acquiring title thereto for the benefit ofparagraph B of this Annex C, and transferring such title to, Lessor free and clear of all Liens (except Permitted Liens), or (ii) replaces (or causes to be replaced) such replacement Part by incorporating or installing in or attaching to the Aircraft, Airframe or such Engine a further replacement Part owned by Lessee (or any a Permitted Sublessee) Sublessee free and clear of all Liens (except Permitted Liens) and by causing title to such further replacement Part to vest in Lessor in accordance with Section 8.2.B of this Annex C.

Pooling of Parts. Any Part removed from the Aircraft, Airframe or any Engine as provided in Section 8.2 may be subjected by Lessee (or a Permitted Sublessee) Sublessee to a normal pooling arrangement customary in the airline industry and entered into in the ordinary course of business of Lessee or Guarantor or such Permitted Sublessee, so long as a Part replacing such removed Part shall be incorporated or installed in or attached to the Aircraft, Airframe or such Engine in accordance with paragraph (b) of this Section 8.2 9 as promptly as practicable after the removal of such removed Part. In addition, any replacement Part when incorporated or installed in or attached to the Aircraft, SALE AND LEASE AGREEMENT 24 Airframe or any Engine in accordance with Section 8.2 may be owned by any third party subject to such a normal pooling arrangement, so long as Lessee (or any Permitted Sublessee), at its own cost and expense, as promptly thereafter as practicable reasonably possible either (i) causes title to such replacement Part to vest in Lessor in accordance with paragraph (b) of this Section 8.2 by Lessee (or any Permitted Sublessee) acquiring title thereto for the benefit of9, and transferring such title to, Lessor free and clear of all Liens (except Permitted LiensLiens permitted by Section 14), or (ii) replaces (or causes to be replaced) such replacement Part by incorporating or installing in or attaching to the Aircraft, Airframe or such Engine a further replacement Part owned by Lessee (or any a Permitted Sublessee) Sublessee free and clear of all Liens (except Permitted LiensLiens permitted by Section 14) and by causing title to such further replacement Part to vest in Lessor in accordance with paragraph (b) of this Section 8.29.

Pooling of Parts. Any Part removed from the Aircraft, Airframe or any Engine as provided in Section 8.2 may be subjected by Lessee (or a Permitted Sublessee) Sublessee to a normal pooling arrangement customary in the airline industry and entered into in the ordinary course of business of Lessee or such Permitted Sublessee, so long as a Part replacing such removed Part shall be incorporated or installed in or attached to the Aircraft, Airframe or such Engine in accordance with Section 8.2 B of this Annex C as promptly as practicable after the removal of such removed Part. In addition, any replacement Part when incorporated or installed in or attached to the Aircraft, SALE AND LEASE AGREEMENT 24 Airframe or any Engine in accordance with Section 8.2 may be owned by any third party subject to such a normal pooling arrangement, so long as Lessee (or any Permitted Sublessee), at its own cost and expense, as promptly thereafter as practicable reasonably possible either (i) causes title to such replacement Part to vest in Lessor in accordance with Section 8.2 by Lessee (or any Permitted Sublessee) acquiring title thereto for the benefit ofB of this Annex C, and transferring such title to, Lessor free and clear of all Liens (except Permitted Liens), or (ii) replaces (or causes to be replaced) such replacement Part by incorporating or installing in or attaching to the Aircraft, Airframe or such Engine a further replacement Part owned by Lessee (or any a Permitted Sublessee) Sublessee free and clear of all Liens (except Permitted Liens) and by causing title to such further replacement Part to vest in Lessor in accordance with Section 8.2.B of this Annex C.