Common use of Propellers Clause in Contracts

Propellers. In the event any propeller not owned by Lessor shall be returned with the Airframe, such propeller shall be of the same or improved model as the Propellers and suitable for installation and use on the Airframe and shall have a value and utility at least equal to, and be in as good an operating condition as, such Propellers, assuming such Propellers were in the condition and repair as required by the terms hereof immediately prior to such termination, and Sublessee will, at its own expense and concurrently with such return, furnish Lessor with a ▇▇▇▇ of sale, in form and substance satisfactory to Lessor, with respect to each such propeller together with evidence of Sublessee's title to such propeller (including, if requested, an opinion of Sublessee's counsel) and shall take such other action as Sublessor may reasonably request in order that such propeller shall be duly and properly titled in the name of Lessor, and upon passage of title to such propeller to the Lessor, such propeller shall be deemed to be a Propeller for all purposes of this Sublease. Upon full compliance with the terms of this Section, Sublessor will transfer or cause to be transferred to Sublessee Lessor's interest in any Propeller replaced by a propeller pursuant to the preceding sentence without any representation, warranty or recourse of any kind whatsoever, express or implied.

Propellers. In the event any propeller not owned by the Lessor shall be returned with the Airframe, such propeller shall be of the same or improved model as the Propellers and suitable for installation and use on the Airframe and shall have a value and utility at least equal to, and be in as good an operating condition as, such Propellers, assuming such Propellers were in the condition and repair as required by the terms hereof immediately prior to such termination, and Sublessee Lessee will, at its own expense and concurrently with such return, furnish Lessor with a ▇▇▇▇ of sale, in form and substance satisfactory to Lessor, with respect to each such propeller together with evidence of SublesseeLessee's title to such propeller (including, if requested, an opinion of SublesseeLessee's counsel) and shall take such other action as Sublessor Lessor may reasonably request in order that such propeller shall be duly and properly titled in the name of Lessor, and upon passage of title to such propeller to the Lessor, such propeller shall be deemed to be a Propeller for all purposes of this SubleaseLease. Upon full compliance with the terms of this Section, Sublessor the Lessor will transfer or cause to be transferred to Sublessee Lessee Lessor's interest in any Propeller replaced by a propeller pursuant to the preceding sentence without any representation, warranty or recourse recours of any kind whatsoever, express or implied.