Title to Parts. All Parts at any time removed from the Airframe or any Engine or Propeller, shall remain subject to this Lease and the Mortgage, no matter where located, until such time as such Parts shall be replaced by Parts that have been incorporated or installed in or attached to such Airframe, Engine or Propeller and that meet the requirements for replacement Parts specified above. Immediately upon any replacement Part (other than a temporary replacement Part) becoming incorporated or installed in or attached to any Airframe, Engine or Propeller as above provided, without further act, (i) title to such replacement Part shall thereupon immediately vest in the Lessor; (ii) title to the replaced Part shall thereupon vest in Lessee, free and clear of all rights of Lessor, Financier(s) and Owner Participant, and shall no longer be deemed a Part hereunder; and (iii) such replacement Part shall become subject to this Lease and the Lien of the Financiers and be deemed part of such Airframe, Engine or Propeller, as the case may be, for all purposes hereof to the same extent as the Parts originally incorporated or installed in or attached to such Airframe, Engine or Propeller.
Title to Parts. All Parts at any time removed from the Aircraft shall remain the property of Lessor, no matter where located, until such time as: (a) such Parts shall be replaced by parts that have been incorporated or reinstalled in or attached to the Aircraft and that meet the requirements for replacement parts specified above in Section 7.4, and (b) title thereto shall have passed to Lessor free and clear of all Liens other than Permitted Liens. Immediately upon the incorporation or installation in or attachment in or to the Aircraft of any replacement part as above provided, and without further act (c) title to the removed Part shall vest in Lessee, free and clear of all rights of Lessor and any Lessor’s Liens and (d) such replacement part shall be subject to this Agreement and shall be deemed a Part of the Aircraft for all purposes hereof to the same extent as the Parts originally incorporated and installed in or attached to the Aircraft.
Title to Parts. 16 (c) Pooling or Parts Leasing....................................... 16 (d) Alterations, Modifications and Additions....................... 16 (e)
Title to Parts. Subject to the provisions hereof, title to all Parts incorporated or installed in or attached or added to the Aircraft or any part thereof as the result of any alteration, modification or addition shall, without further act, vest in Owner and become subject to this Lease and any Mortgage; provided, however, that so long as no Default or Event of Default shall have occurred and be continuing, at any time during the Term, Lessee may remove any Part from the Aircraft or any part thereof, provided that (a) such Part is in addition to, and not in replacement of or in substitution for, any Part originally incorporated or installed in or attached to the Aircraft or any part thereof at the time of delivery thereof hereunder or any Part in replacement of, or substitution for, any such original Part; (b) such Part is not required to be incorporated or installed in or attached or added to the Aircraft or any part thereof pursuant to the terms hereof; and (c) such Part can be removed from the Aircraft or any part thereof without diminishing or impairing the value, utility or airworthiness which the Aircraft or any part thereof would have had at such time had such addition not occurred. Upon the removal by Lessee of any such Part as above provided, title thereto shall, without further act, vest in Lessee free and clear of all Lessor Liens and such Part shall no longer be deemed a Part hereunder. Title to any Part not removed by Lessee as above provided prior to the return of the Aircraft to Lessor hereunder shall remain with Owner and subject to this Lease and any Mortgage.
Title to Parts. Title to each Part (including any Alteration) incorporated in the Facility pursuant to this Article VI shall without further act vest in the Owner and shall be deemed to constitute a part of the Facility and be subject to this Operating Agreement in the following cases:
Title to Parts. 15 Section 6.09
Title to Parts. All Parts removed from the Airframe or any Engine will remain the property of Lessor and subject to this Agreement no matter where located, until such time as (a) such Parts have been replaced by Parts (which have been incorporated or installed in or attached to the Airframe or such Engine) which meet the requirements for replacement Parts specified in Section 12.3.1, (b) title to such replacement Parts has passed to Lessor under the Laws of the State of Registration and lex situs and (c) Lessee has promptly recorded (or caused to be recorded) the replacement of such Parts in the Manuals and Technical Records and received an acknowledgment of the ownership transfer to Lessor. To the extent permitted by the Laws of the State of Registration and the lex situs, it is the intent of Lessor and Lessee that, without further act and immediately upon any replacement Part becoming incorporated, installed or attached to the Airframe or an Engine as above provided, the following shall occur concurrently (i) title to the replaced Part will thereupon vest in Lessee, free and clear of all Transaction Liens, (ii) title to the replacement Part will thereupon vest in Lessor, free and clear of all Liens (other than Permitted Liens), and (iii) such replacement Part will become subject to this Agreement and be deemed to be a Part hereunder to the same extent as the Parts originally incorporated or installed in or attached to the Airframe or such Engine. To the extent the foregoing is not effective under the Laws of the lex situs, Lessee or Lessor, as applicable, shall, upon request of the other therefor, execute and deliver to the other, or procure the execution and delivery of, such bills of sale and other documents as the other reasonably requires to evidence the transfer of title to the replaced Part to Lessee and the transfer of title in the replacement Part to Lessor, provided that a bill of sale shall always be required in respect of a Replacement APU, Replacement Landing Gear or Replacement Propeller.
Title to Parts. (a) Title to each Part (including any Alteration) incorporated or installed in or attached to the Leased Property pursuant to this Article 11 shall without further act vest in Lessor and shall be deemed to constitute a part of the Leased Property and be the property of Lessor subject to this Lease if:
Title to Parts. (i) Title to all Parts and Alterations incorporated or installed in or attached to the Facility shall without further act vest in the Owner-Trustee free and clear of all Liens (other than Permitted Encumbrances) and shall be deemed to constitute a part of the Facility and be subject to this Lease in the following cases:
Title to Parts removed from Eligible Engines by the Maintenance Center(s) shall pass to IAE free and clear of all security interests and rights of the owner of such Eligible Engines at the time and provided that title to the replacement Part passes to the owner of such Eligible Engines pursuant to Clause 5.1 above. THIS DOCUMENT CONTAINS INFORMATION PROPRIETARY TO IAE
