Common use of Pooling of Parts Clause in Contracts

Pooling of Parts. Any Part removed from the Airframe or any Engine as provided in paragraph (a) of this Section 8 may be subjected by Lessee (or any Sublessee) to a normal pooling arrangement customary in the airline industry of which Lessee (or, if a Sublease is then in effect, any Sublessee) is a party entered into in the ordinary course of Lessee's (or any Sublessee's) business; provided that the Part replacing such removed Part shall be incorporated or installed in or attached to such Airframe or Engine in accordance with such paragraph (a) 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 Airframe or any Engine in accordance with such paragraph (a) may be owned by any third party subject to such a normal pooling arrangement, provided that Lessee (or any Sublessee), at its expense, as promptly thereafter as practicable, either (i) causes title to such replacement Part to vest in Lessor in accordance with such paragraph (a) by Lessee (or any Sublessee) acquiring title thereto for the benefit of, and transferring such title to, Lessor free and clear of all Liens except Permitted Liens (other than pooling arrangements) or (ii) replaces such replacement Part by incorporating or installing in or attaching to the Airframe or Engine a further replacement Part owned by Lessee (or any Sublessee) free and clear of all Liens except Permitted Liens (other than pooling arrangements) and by causing title to such further replacement Part to vest in Lessor in accordance with such paragraph (a).

Appears in 19 contracts

Samples: Lease Agreement (Northwest Airlines Corp), Lease Agreement (Us Airways Inc), Lease Agreement (Us Airways Inc)

AutoNDA by SimpleDocs

Pooling of Parts. Any Part removed from the Airframe or any Engine as provided in paragraph (a) of this Section 8 7.03 may be subjected by Lessee the Owner (or any SublesseeLessee) to a normal pooling arrangement customary in the airline industry of which Lessee the Owner (or, if a Sublease Lease is then in effect, any SublesseeLessee) is a party entered into in the ordinary course of Lesseethe Owner's (or any SublesseeLessee's) business; provided that the Part replacing such removed Part shall be incorporated or installed in or attached to such Airframe or Engine in accordance with such paragraph (a) 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 Airframe or any Engine in accordance with such paragraph (a) may be owned by any third party subject to such a normal pooling arrangement, provided that Lessee the Owner (or any SublesseeLessee), at its expense, as promptly thereafter as practicable, either (i) causes title to such replacement Part to vest in Lessor in accordance with such paragraph (a) by Lessee (or any Sublessee) acquiring title thereto for become subject to the benefit of, and transferring such title to, Lessor Lien of this Trust Indenture free and clear of all Liens except Permitted Liens (other than pooling arrangements) ), at which time such temporary replacement Part shall become a Part or (ii) replaces such replacement Part by incorporating or installing in or attaching to the Airframe or Engine a further replacement Part owned by Lessee (or any Sublessee) which is subject to the Lien of this Trust Indenture, free and clear of all Liens except Permitted Liens (other than pooling arrangements) and by causing title to such further replacement Part to vest in Lessor in accordance with such paragraph (a).

Appears in 8 contracts

Samples: Indenture and Security Agreement (Northwest Airlines Inc /Mn), Trust Indenture and Security Agreement (Northwest Airlines Inc /Mn), Trust Indenture and Security Agreement (Northwest Airlines Inc /Mn)

Pooling of Parts. Any Part removed from the Airframe or any Engine as provided in paragraph (a) of this Section 8 may be subjected by Lessee (or any Sublessee) to a normal pooling arrangement customary in the airline industry of which Lessee (or, if a Sublease is then in effect, any Sublessee) is a party entered into in the ordinary course of Lessee's (or any Sublessee's) business; provided PROVIDED that the Part replacing such removed Part shall be incorporated or installed in or attached to such Airframe or Engine in accordance with such paragraph (a) 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 Airframe or any Engine in accordance with such paragraph (a) may be owned by any third party subject to such a normal pooling arrangement, provided PROVIDED that Lessee (or any Sublessee), at its expense, as promptly thereafter as practicable, either (i) causes title to such replacement Part to vest in Lessor in accordance with such paragraph (a) by Lessee (or any Sublessee) acquiring title thereto for the benefit of, and transferring such title to, Lessor free and clear of all Liens except Permitted Liens (other than pooling arrangements) or (ii) replaces such replacement Part by incorporating or installing in or attaching to the Airframe or Engine a further replacement Part owned by Lessee (or any Sublessee) free and clear of all Liens except Permitted Liens (other than pooling arrangements) and by causing title to such further replacement Part to vest in Lessor in accordance with such paragraph (a).

Appears in 2 contracts

Samples: Lease Agreement (Northwest Airlines Corp), Lease Agreement (Northwest Airlines Corp)

Pooling of Parts. Any Only after receiving Sublessor’s written consent thereto, which shall not be unreasonably withheld, any Part removed from the Airframe or any Engine as provided in paragraph (a) of this Section 8 may be subjected by Lessee (or any Sublessee) Sublessee to a normal pooling arrangement customary in the airline industry of which Lessee (or, if a Sublease is then in effect, any Sublessee) Sublessee is a party entered into in the ordinary course of Lessee's (or any Sublessee's) ’s business; provided that the Part replacing such removed Part shall be incorporated or installed in or attached to such Airframe or Engine in accordance with such paragraph (a) as promptly as practicable after the removal of such removed Part. In addition, only after receiving Sublessor’s written consent thereto, which shall not be unreasonably withheld, any replacement Part when incorporated or installed in or attached to the Airframe or any Engine in accordance with such paragraph (a) may be owned by any third party subject to such a normal pooling arrangement, provided that Lessee (or any Sublessee), at its expense, as promptly thereafter as practicable, either (i) causes title to such replacement Part to vest in Lessor the Owner in accordance with such paragraph (a) by Lessee (or any Sublessee) Sublessee acquiring title thereto for the benefit of, and transferring such title to, Lessor the Owner free and clear of all Liens except Permitted Liens (other than pooling arrangements) ), at which time such temporary replacement part shall become a Part or (ii) replaces such replacement Part by incorporating or installing in or attaching to the Airframe or Engine a further replacement Part owned by Lessee (or any Sublessee) Sublessee free and clear of all Liens except Permitted Liens (other than permitted pooling arrangements) and by causing title to such further replacement Part to vest in Lessor the Owner in accordance with such paragraph (a).

Appears in 1 contract

Samples: Sublease Agreement (Mair Holdings Inc)

Pooling of Parts. Any Part removed from the Airframe or any Engine as provided in paragraph (a) of this Section 8 7.03 may be subjected by Lessee the Owner (or any SublesseeLessee) to a normal pooling arrangement customary in the airline industry of which Lessee the Owner (or, if a Sublease Lease is then in effect, any SublesseeLessee) is a party entered into in the ordinary course of Lessee's the Owner’s (or any Sublessee'sLessee’s) business; provided that the Part replacing such removed Part shall be incorporated or installed in or attached to such Airframe or Engine in accordance with such paragraph (a) 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 Airframe or any Engine in accordance with such paragraph (a) may be owned by any third party subject to such a normal pooling arrangement, provided that Lessee the Owner (or any SublesseeLessee), at its expense, as promptly thereafter as practicable, either (i) causes title to such replacement Part to vest in Lessor in accordance with such paragraph (a) by Lessee (or any Sublessee) acquiring title thereto for become subject to the benefit of, and transferring such title to, Lessor Lien of this Trust Indenture free and clear of all Liens except Permitted Liens (other than pooling arrangements) ), at which time such temporary replacement Part shall become a Part or (ii) replaces such replacement Part by incorporating or installing in or attaching to the Airframe or Engine a further replacement Part owned by Lessee (or any Sublessee) which is subject to the Lien of this Trust Indenture, free and clear of all Liens except Permitted Liens (other than pooling arrangements) and by causing title to such further replacement Part to vest in Lessor in accordance with such paragraph (a).

Appears in 1 contract

Samples: Trust Indenture and Security Agreement (Northwest Airlines Corp)

Pooling of Parts. Any Only after receiving Sublessor’s written consent thereto, which may be granted or withheld in its sole discretion, any Part removed from the Airframe or any Engine as provided in paragraph (a) of this Section 8 may be subjected by Lessee (or any Sublessee) Sublessee to a normal pooling arrangement customary in the airline industry of which Lessee (or, if a Sublease is then in effect, any Sublessee) Sublessee is a party entered into in the ordinary course of Lessee's (or any Sublessee's) ’s business; provided that the Part replacing such removed Part shall be incorporated or installed in or attached to such Airframe or Engine in accordance with such paragraph (a) as promptly as practicable after the removal of such removed Part. In addition, only after receiving Sublessor’s written consent thereto, which may be granted or withheld in its sole discretion, any replacement Part when incorporated or installed in or attached to the Airframe or any Engine in accordance with such paragraph (a) may be owned by any third party subject to such a normal pooling arrangement, provided that Lessee (or any Sublessee), at its expense, as promptly thereafter as practicable, either (i) causes title to such replacement Part to vest in Lessor the Owner in accordance with such paragraph (a) by Lessee (or any Sublessee) Sublessee acquiring title thereto for the benefit of, and transferring such title to, Lessor the Owner free and clear of all Liens except Permitted Liens (other than pooling arrangements) ), at which time such temporary replacement part shall become a Part or (ii) replaces such replacement Part by incorporating or installing in or attaching to the Airframe or Engine a further replacement Part owned by Lessee (or any Sublessee) Sublessee free and clear of all Liens except Permitted Liens (other than permitted pooling arrangements) and by causing title to such further replacement Part to vest in Lessor the Owner in accordance with such paragraph (a).

Appears in 1 contract

Samples: Sublease Agreement (Pinnacle Airlines Corp)

AutoNDA by SimpleDocs

Pooling of Parts. Any Part removed from the Airframe or any Engine as provided in paragraph (a) of this Section 8 7.03 may be subjected by Lessee the Owner (or any SublesseeLessee) to a normal pooling arrangement customary in the airline industry of which Lessee the Owner (or, if a Sublease Lease is then in effect, any SublesseeLessee) is a party entered into in the ordinary course of Lesseethe Owner's (or any SublesseeLessee's) business; provided PROVIDED that the Part replacing such removed Part shall be incorporated or installed in or attached to such Airframe or Engine in accordance with such paragraph (a) 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 Airframe or any Engine in accordance with such paragraph (a) may be owned by any third party subject to such a normal pooling arrangement, provided PROVIDED that Lessee the Owner (or any SublesseeLessee), at its expense, as promptly thereafter as practicable, either (i) causes title to such replacement Part to vest in Lessor in accordance with such paragraph (a) by Lessee (or any Sublessee) acquiring title thereto for become subject to the benefit of, and transferring such title to, Lessor Lien of this Trust Indenture free and clear of all Liens except Permitted Liens (other than pooling arrangements) ), at which time such temporary replacement Part shall become a Part or (ii) replaces such replacement Part by incorporating or installing in or attaching to the Airframe or Engine a further replacement Part owned by Lessee (or any Sublessee) which is subject to the Lien of this Trust Indenture, free and clear of all Liens except Permitted Liens (other than pooling arrangements) and by causing title to such further replacement Part to vest in Lessor in accordance with such paragraph (a).

Appears in 1 contract

Samples: Trust Indenture and Security Agreement (Northwest Airlines Corp)

Pooling of Parts. Any Only after receiving Lessor’s written consent thereto, which may be granted or withheld in its sole discretion, any Part removed from the Airframe or any Engine as provided in paragraph (a) of this Section 8 may be subjected by Lessee (or any Sublessee) to a normal pooling arrangement customary in the airline industry of which Lessee (or, if a Sublease is then in effect, any Sublessee) is a party entered into in the ordinary course of Lessee's (or any Sublessee's) ’s business; provided that the Part replacing such removed Part shall be incorporated or installed in or attached to such Airframe or the Engine in accordance with such paragraph (a) as promptly as practicable after the removal of such removed Part. In addition, only after receiving Lessor’s written consent thereto, which may be granted or withheld in its sole discretion, any replacement Part when incorporated or installed in or attached to the Airframe or any Engine in accordance with such paragraph (a) may be owned by any third party subject to such a normal pooling arrangement, provided that Lessee (or any Sublessee)Lessee, at its expense, as promptly thereafter as practicable, either (i) causes title to such replacement Part to vest in Lessor the Owner in accordance with such paragraph (a) by Lessee (or any Sublessee) acquiring title thereto for the benefit of, and transferring such title to, Lessor the Owner free and clear of all Liens except Permitted Liens (other than pooling arrangements) ), at which time such temporary replacement part shall become a Part or (ii) replaces such replacement Part by incorporating or installing in or attaching to the Airframe or Engine a further replacement Part owned by Lessee (or any Sublessee) free and clear of all Liens except Permitted Liens (other than permitted pooling arrangements) and by causing title to such further replacement Part to vest in Lessor the Owner in accordance with such paragraph (a).

Appears in 1 contract

Samples: Engine Lease Agreement (Pinnacle Airlines Corp)

Pooling of Parts. Any Part removed from the Airframe any Airframe, Engine or any Spare Engine as provided in paragraph (aSection 2.02(a) of this Section 8 hereof may be subjected by Lessee a Grantor (or any SublesseePermitted Lessee) to a normal pooling arrangement customary in the airline industry of which Lessee (or, if a Sublease is then in effect, any Sublessee) is a party entered into in the ordinary course of Lessee's (or any Sublessee's) such Grantor’s business; provided provided, that the Part replacing such removed Part shall be incorporated or installed in or [First Lien Aircraft, Spare Engines and Spare Parts Mortgage and Security Agreement] attached to such Airframe Airframe, Engine or Spare Engine in accordance with such paragraph (aSection 2.01(a) 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 Airframe an Airframe, Engine or any Spare Engine in accordance with such paragraph (a) Sections may be owned by any third party Party subject to such a normal pooling arrangement, provided provided, that Lessee such Grantor (or any SublesseePermitted Lessee), at its expense, as promptly thereafter as practicable, either (i) causes title to such replacement Part to vest in Lessor in accordance with such paragraph (a) by Lessee (or any Sublessee) acquiring title thereto for become subject to the benefit ofLien of this Mortgage, and transferring such title to, Lessor free and clear of all Liens except Permitted Liens (other than pooling arrangements) Permitted Encumbrances or (ii) replaces or causes to be replaced such replacement Part by incorporating or installing in or attaching to the Airframe or Engine with a further replacement Part owned by Lessee a Grantor (or any SublesseePermitted Lessee) which shall become the property of a Grantor and subject to the Lien of this Mortgage, free and clear of all Liens except Permitted Liens (other than pooling arrangements) and by causing title to such further replacement Part to vest in Lessor in accordance with such paragraph (a)Permitted Encumbrances.

Appears in 1 contract

Samples: First Lien Security Agreement (Delta Air Lines Inc /De/)

Time is Money Join Law Insider Premium to draft better contracts faster.