Engine Documents definition
Examples of Engine Documents in a sentence
The Parties recognize that the failure by AVIANCATACA to deliver the Engine Documents may have a material, adverse effect on the value of any Engine with respect to which foreclosure has been initiated by CFM and the ability of CFM to sell or lease the Engine, and that the damages CFM may sustain as a result are not readily calculable.
WEST shall deliver to the Servicer on the Initial Closing Date a true, correct and complete copy of all material Engine Documents as of such Initial Closing Date in the possession of WEST or any Subsidiary.
In addition, the Collateral Agent and each of the Secured Parties shall have a right after the occurrence and during the continuance of an Event of Default to inspect each Aircraft, Engine and Spare Engine and the Aircraft Documents and Spare Engine Documents in accordance with Section 3.03, and the Company shall bear the reasonable costs thereof, as set forth in Section 3.03(d).
The release of an Airframe or Engine from the Lien of this Agreement shall have effect without further action of releasing all other Collateral, including the related Airframe Documents and Engine Documents, respectively, relating to such released Airframe or Engine.
Lessee shall cause each of the following Engine Documents to be complete including any update required to reflect work performed in preparation for return to Lessor.