Common use of Replacement of Parts Clause in Contracts

Replacement of Parts. Lessor will promptly replace all appliances, parts, instruments, appurtenances, accessories, furnishings and other equipment of whatever nature, excluding engines (herein called “Parts”), which may from time to time be incorporated or installed in or attached to Aircraft and which may from time to time become worn out, lost, stolen, destroyed, seized, confiscated, damaged beyond repair or permanently rendered unfit for use for any reason whatsoever. In addition, in the ordinary course of maintenance, service, repair, Lessee may, remove Parts, whether or not worn out, lost, stolen, destroyed, seized, confiscated, damaged beyond repair or permanently rendered unfit for use, provided that Lessee shall immediately replace such Parts. All replacement Parts shall be in as good operating condition as, and shall have a value and utility at least equal to, the Parts replaced if such replaced Parts were in the condition and repair required to be maintained by the terms hereof. All Parts at any time removed from the Aircraft 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 Aircraft and which meet the requirements for replacement Parts specified above. Immediately upon any replacement Part becoming incorporated or installed in or attached to the Aircraft as above provided, without further act, (i) title to the replaced Part shall thereupon vest, free and clear in Lessor, and (ii) such replacement Part shall become subject to this Lease and deemed part of the Aircraft for all purposes hereof to the same extent as the Parts originally incorporated or installed in or attached to the Aircraft.

Replacement of Parts. Lessor Mortgagor, at its own cost and expense, will promptly replace or cause the replacement of all appliances, parts, instruments, appurtenances, accessories, furnishings and other equipment of whatever nature, excluding engines (herein called “Parts”), which may from time to time be incorporated or installed in or attached to Aircraft and which Parts that may from time to time become worn out, lost, stolen, destroyed, seized, confiscated, damaged beyond repair or permanently rendered unfit for use for any reason whatsoever. In addition, in the ordinary course with Parts of maintenanceat least equivalent model, service, repair, Lessee may, remove Parts, whether or not worn out, lost, stolen, destroyed, seized, confiscated, damaged beyond repair or permanently rendered unfit for use, provided that Lessee shall immediately replace such Parts. All replacement Parts shall be in as good operating condition as, and shall have modification status as the replaced Part if the replaced Part had been maintained in accordance with the provisions hereof. Mortgagor may substitute for any Part a value Part that does not meet the foregoing requirements if a complying Part could not be procured or installed within the available ground time of the Aircraft and utility at least equal to, as soon as practicable the Parts noncomplying part is removed and replaced if such replaced Parts were in the condition and repair required to be maintained by the terms hereofa complying Part. All Parts at any time removed from the Aircraft or any Engine shall remain part of the property of Lessor Aircraft or any Engine 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 Aircraft or any Engine and which meet the requirements for replacement Parts specified above. Immediately upon any replacement Part becoming incorporated or installed in or attached to the Aircraft or any Engine as above provided, without further act, (i) title to the replaced Part shall thereupon vest, free and clear in Lessor, and (ii) such replacement Part shall become subject to this Lease and be deemed part of the Aircraft or Engine, as applicable, for all purposes hereof to the same extent as the Parts originally incorporated in the Aircraft or installed in or attached to Engine, as applicable, and (ii) the Aircraftreplaced Part shall no longer be deemed a Part hereunder.

Replacement of Parts. Lessor The Borrower will promptly replace or cause to be replaced all appliances, parts, instruments, appurtenances, accessories, furnishings and other equipment of whatever nature, excluding engines (herein called “Parts”), which may from time to time be incorporated or installed in or attached to Aircraft and Parts which may from time to time become worn out, lost, stolen, destroyed, seized, confiscated, damaged beyond repair or permanently rendered unfit for use for any reason whatsoever. In addition, except as otherwise provided in the ordinary course of maintenance, service, repair, Lessee may, remove Parts, whether or not worn out, lost, stolen, destroyed, seized, confiscated, damaged beyond repair or permanently rendered unfit for use, provided that Lessee shall immediately replace such PartsSection 4.03. All replacement Parts parts (other than replacement parts temporarily installed as provided in Section 4.02) shall be free and clear of all Liens (except Permitted Liens), and shall be in as good an operating condition ascondition, and shall have a value and utility at least substantially equal to, the Parts replaced if replaced, assuming such replaced Parts were in the condition and repair required to be maintained by the terms hereof. All Parts at any time removed from the Aircraft Airframe or any Engine shall remain subject to the property Lien of Lessor this Mortgage, 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 Aircraft and parts which meet the requirements for replacement Parts parts specified above. Immediately upon Upon any replacement Part part becoming incorporated or installed in or attached to the Aircraft as above providedAirframe or any Engine, without further actact (subject only to Permitted Liens and any arrangement permitted by Section 4.02 hereof), (i) title to the replaced Part shall thereupon vest, free and clear in Lessor, and (ii) such replacement Part part shall become subject to the Lien of this Lease Mortgage and be deemed part of the Aircraft a Part for all purposes hereof to the same extent as the Parts originally incorporated or installed in or attached to the AircraftAirframe or such Engine and (ii) the replaced Part shall no longer be deemed a Part hereunder.

Replacement of Parts. Lessor The Borrower will promptly replace or cause to be replaced all appliances, parts, instruments, appurtenances, accessories, furnishings and other equipment of whatever nature, excluding engines (herein called “Parts”), which may from time to time be incorporated or installed in or attached to Aircraft and Parts which may from time to time become worn out, lost, stolen, destroyed, seized, confiscated, damaged beyond repair or permanently rendered unfit for use for any reason whatsoever. In addition, except as otherwise provided in the ordinary course of maintenance, service, repair, Lessee may, remove Parts, whether or not worn out, lost, stolen, destroyed, seized, confiscated, damaged beyond repair or permanently rendered unfit for use, provided that Lessee shall immediately replace such PartsSection 4.03. All replacement Parts parts (other than replacement parts temporarily installed as provided in Section 4.02) shall be free and clear of all Liens (except Permitted Liens), and shall be in as good an operating condition ascondition, and shall have a value and utility at least substantially equal to, the Parts replaced if replaced, assuming such replaced Parts were in the condition and repair required to be maintained by the terms hereof. All Parts at any time removed from the Aircraft any Airframe or any Engine shall remain subject to the property Lien of Lessor this Mortgage, 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 Aircraft and parts which meet the requirements for replacement Parts parts specified above. Immediately upon Upon any replacement Part part becoming incorporated or installed in or attached to the Aircraft as above providedany Airframe or any Engine, without further actact (subject only to Permitted Liens and any arrangement permitted by Section 4.02 hereof), (i) title to the replaced Part shall thereupon vest, free and clear in Lessor, and (ii) such replacement Part part shall become subject to the Lien of this Lease Mortgage and be deemed part of the Aircraft a Part for all purposes hereof to the same extent as the Parts originally incorporated or installed in or attached to such Airframe or such Engine and (ii) the Aircraftreplaced Part shall no longer be deemed a Part hereunder.

Replacement of Parts. Lessor will Except as otherwise provided herein, LESSEE, at its own cost and expense, shall promptly replace all appliancesParts which may, parts, instruments, appurtenances, accessories, furnishings and other equipment of whatever nature, excluding engines (herein called “Parts”), which may from time to time time, be incorporated or installed in in, or attached to Aircraft to, the Aircraft, the Airframe or any Engine and be an accession thereto, and which may may, from time to time time, become worn out, lost, stolen, destroyed, seized, confiscated, damaged beyond repair confiscated or permanently rendered unfit for use for any reason whatsoeverunserviceable. In addition, in the ordinary course of maintenance, service, repair, Lessee mayoverhaul or testing, LESSEE may remove any Parts, whether or not worn out, lost, stolen, destroyed, seized, confiscated, damaged beyond repair or permanently rendered unfit for use, provided that Lessee LESSEE shall immediately replace such PartsParts as promptly as may be practicable. All replacement Parts shall be free and clear of all Liens, except Permitted Liens, shall meet all requirements of the Air Authority, and shall be in as good operating condition as, and shall have a value and utility at least equal to, the Parts replaced if replaced, assuming such replaced Parts were maintained in the condition and repair required pursuant to be maintained by the terms hereofrequirements of this Lease. All Parts owned by LESSOR at any time removed from the Aircraft shall remain the property of Lessor LESSOR, no matter where located, until such time as such Parts shall be replaced by Parts which have been incorporated or installed in in, or attached to the to, such Aircraft and which meet the requirements for replacement Parts specified above. Immediately upon any replacement Part Parts becoming incorporated or installed in or attached to the Aircraft as above provided, and without further act, (i) title to the replaced Part shall thereupon vest, free and clear in Lessor, and (ii) such replacement Part shall become subject to this Lease and deemed part of the Aircraft for all purposes hereof to the same extent as the Parts originally incorporated or installed in or attached to the Aircraft.:

Replacement of Parts. Lessor will Except as otherwise provided herein, LESSEE, at its own cost and expense, shall promptly replace all appliancesParts which may, parts, instruments, appurtenances, accessories, furnishings and other equipment of whatever nature, excluding engines (herein called “Parts”), which may from time to time time, be incorporated or installed in in, or attached to Aircraft to, the Aircraft, the Airframe or any Engine and be an accession thereto, and which may may, from time to time time, become worn out, lost, stolen, destroyed, seized, confiscated, damaged beyond repair confiscated or permanently rendered unfit for use for any reason whatsoeverunserviceable. In addition, in the ordinary course of maintenance, service, repair, Lessee mayoverhaul or testing, LESSEE may remove any Parts, whether or not worn out, lost, stolen, destroyed, seized, confiscated, damaged beyond repair or permanently rendered unfit for use, provided that Lessee LESSEE shall immediately replace such PartsParts as promptly as may be practicable. All replacement Parts shall be free and clear of all Liens, except Permitted Liens, shall meet all requirements of the Air Authority, and shall be in as good operating condition as, and shall have a value and utility at least equal to, the Parts replaced if replaced, assuming such replaced Parts were maintained in the condition and repair required pursuant to be maintained by the terms hereofrequirements of this Lease. All Parts parts owned by LESSOR at any time removed from the Aircraft aircraft shall remain the property of Lessor LESSOR, no matter where located, until such time as such Parts shall be replaced by Parts which have been incorporated or installed in in, or attached to the to, such Aircraft and which meet the requirements for replacement Parts specified above. Immediately upon any replacement Part Parts becoming incorporated or installed in or attached to the Aircraft as above provided, and without further act, (i) title to the replaced Part shall thereupon vest, free and clear in Lessor, and (ii) such replacement Part shall become subject to this Lease and deemed part of the Aircraft for all purposes hereof to the same extent as the Parts originally incorporated or installed in or attached to the Aircraft.:

Replacement of Parts. Lessor The Borrower will promptly replace or cause to be replaced all appliances, parts, instruments, appurtenances, accessories, furnishings and other equipment of whatever nature, excluding engines (herein called “Parts”), Parts which may from time to time be incorporated or installed in or attached to Aircraft and which may from time to -------------------- time become worn out, lost, stolen, destroyed, seized, confiscated, damaged beyond repair or permanently rendered unfit for use for any reason whatsoever. In addition, except as otherwise provided in the ordinary course of maintenance, service, repair, Lessee may, remove Parts, whether or not worn out, lost, stolen, destroyed, seized, confiscated, damaged beyond repair or permanently rendered unfit for use, provided that Lessee shall immediately replace such PartsSection 4.03. All replacement Parts parts (other than replacement parts temporarily installed as provided in Section 4.02) shall be free and clear of all Liens (except Permitted Liens), and shall be in as good an operating condition ascondition, and shall have a value and utility at least substantially equal to, the Parts replaced if replaced, assuming such replaced Parts were in the condition and repair required to be maintained by the terms hereof. All Parts at any time removed from the Aircraft any Airframe or any Engine shall remain subject to the property Lien of Lessor this Mortgage, 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 Aircraft and parts which meet the requirements for replacement Parts parts specified above. Immediately upon Upon any replacement Part part becoming incorporated or installed in or attached to the Aircraft as above providedany Airframe or any Engine, without further actact (subject only to Permitted Liens and any arrangement permitted by Section 4.02 hereof), (i) title to the replaced Part shall thereupon vest, free and clear in Lessor, and (ii) such replacement Part part shall become subject to the Lien of this Lease Mortgage and be deemed part of the Aircraft a Part for all purposes hereof to the same extent as the Parts originally incorporated or installed in or attached to such Airframe or such Engine and (ii) the Aircraftreplaced Part shall no longer be deemed a Part hereunder.

Replacement of Parts. Lessor will Except as otherwise provided herein, LESSEE, at its own cost and expense, shall promptly replace all appliancesParts which may, parts, instruments, appurtenances, accessories, furnishings and other equipment of whatever nature, excluding engines (herein called “Parts”), which may from time to time time, be incorporated or installed in in, or attached to Aircraft to, the Aircraft, the Airframe or any Engine and be an accession thereto, and which may may, from time to time time, become worn out, lost, stolen, destroyed, seized, confiscated, damaged beyond repair confiscated or permanently rendered unfit for use for any reason whatsoeverunserviceable. In addition, in the ordinary course of maintenance, service, repair, Lessee mayoverhaul or testing, LESSEE may remove any Parts, whether or not worn out, lost, stolen, destroyed, seized, confiscated, damaged beyond repair or permanently rendered unfit for use, provided that Lessee LESSEE shall immediately replace such PartsParts as promptly as may be practicable. All replacement Parts shall be free and clear of all Liens, except Permitted Liens, shall meet all requirements of FAR Part 121, and shall be in as good operating condition as, and shall have a value and utility at least equal to, the Parts replaced if replaced, assuming such replaced Parts were maintained in the condition and repair required pursuant to be maintained by the terms hereofrequirements of this Lease. All Parts owned by LESSOR at any time removed from the Aircraft shall remain the property of Lessor LESSOR, no matter where located, until such time as such Parts shall be replaced by Parts which have been incorporated or installed in in, or attached to the to, such Aircraft and which meet the requirements for replacement Parts specified above. Immediately upon any replacement Part Parts becoming incorporated or installed in or attached to the Aircraft as above provided, and without further act, (i) title to the replaced Part shall thereupon vest, free and clear in Lessor, and (ii) such replacement Part shall become subject to this Lease and deemed part of the Aircraft for all purposes hereof to the same extent as the Parts originally incorporated or installed in or attached to the Aircraft.: