Common use of Title to Parts Clause in Contracts

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. 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, any Superior Lease and any Mortgage; provided, however, that so long as no Default or Event of Default shall have occurred and be continuing, at any relevant 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, any Superior Lease and any Mortgage.

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 each Item of Equipment as the result of any alteration, modification or addition shall, without further act, vest in Owner Lessor and become subject to this Lease and any MortgageLease; 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 such Part from the Aircraft or any part thereof, an Item of Equipment; provided that (aA) such Part is in addition to, 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 such Item at the time of delivery thereof hereunder or any Part in replacement of, or substitution for, any such original Part; , (bB) such Part is not required to be incorporated or installed in or attached or added to such Item by the Aircraft FAA, or any part thereof other Governmental Authority or pursuant to the terms hereof; , and (cC) such Part can be removed from the Aircraft or any part thereof such Item without diminishing or impairing the value, utility or airworthiness which the Aircraft or any part thereof such Item would have had at such time had such alteration, modification or addition not occurred. Upon the removal by Lessee of any such Part as above provided, the area from which such Part was removed shall be restored to the better of (i) the condition such area was in immediately prior to the installation of such Part, or (ii) the condition such area is required to be in under the terms set forth in this Lease and title thereto shall, without further act, vest in Lessee free and clear of all Lessor Liens Lessee, and such Part shall no longer be deemed a Part hereunder. Title to any Any Part not removed by Lessee as above provided prior to the return of the Aircraft respective Item of Equipment to Lessor hereunder shall remain with Owner and subject to this Lease and any Mortgagebecome the property of Lessor.

Title to Parts. Subject to the provisions hereof, title to all Parts incorporated or installed in or attached or added to the each Aircraft or any part thereof as the result of any alteration, modification or addition addition, or otherwise installed on the Aircraft by Lessee and necessary for the transportation of persons or property under the rules of the FAA, shall, without further act, vest in Owner Lessor and become subject to this Lease and any MortgageLease; providedPROVIDED, howeverHOWEVER, 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 thereofan Item of Equipment, 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 such Item 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 such Item pursuant to the terms hereof; and (c) such Part can be removed from the Aircraft or any part thereof such Item without diminishing or impairing the value, utility or airworthiness which the Aircraft or any part thereof such item would have had at such time had such alteration, modification or 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 Any Part not removed by Lessee as above provided prior to the return of to the Aircraft respective Item to Lessor hereunder shall remain with Owner the property of Lessor and subject to this Lease and any MortgageLease.