Common use of Title to Removed Modification Part Clause in Contracts

Title to Removed Modification Part. Upon the removal by Lessee of any Modification Part as provided in Sections 2.4.3 and 2.4.4, title thereto shall, without further act, vest in Lessee free and clear of Lessor and all Lessor Liens, and such Modification Part shall no longer be deemed a Part of the Airframe or Engine from which it was removed. Any Modification Part not removed by Lessee as above provided prior to the return of the Airframe or Engine to Lessor hereunder shall remain the property of Lessor.

Title to Removed Modification Part. Upon the removal by Lessee of any Modification Part as provided in Sections 2.4.3 1.4.3 and 2.4.41.4.4 of this Schedule 2, title thereto shall, without further act, vest in Lessee free and clear of Lessor and all Lessor Liens, and such Modification Part shall no longer be deemed a Part of the Airframe or Engine from which it was removed. Any Modification Part not removed by Lessee as above provided prior to the return of the Airframe or Engine to Lessor hereunder shall remain the property of Lessor.