QEC Kit definition

QEC Kit means a quick engine change kit, consisting of components and accessories installed or capable of being installed on an engine to speed the removal and installation of the engine on an aircraft.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

QEC Kit means a used serviceable quick engine change kit bearing part number [*] with the specifications identified in the Specification. The QEC Kit does not include BFE parts.

QEC Kit means any appliances, parts, instruments, appurtenances, accessories, furnishings, and other equipment of whatever nature constituting a “quick engine change kit”, including without limitation, any engine inlet, cowling, thrust reverser, constant speed drive/integrated drive generator (CSD/IDG), as applicable, hydraulic pump, or starter.

Examples of QEC Kit in a sentence

Risk of loss and damage to an Engine and its QEC Kit, Engine Stand, Engine Storage Bag and Engine Documentation will pass to Buyer at Closing.
Except where the context otherwise requires, the term “Engine” when used in this Agreement refers to an Engine together with the QEC Kit, Engine Stand, Engine Storage Bag, and Engine Documentation.
Title to the Engine and its QEC Kit, Engine Stand, Engine Storage Bag and Engine Documentation will pass to Buyer at Closing.
Appendix 1 PW1133G-JM Turbofan Engine Model Specification Appendix 2 Delivery Schedule and Pricing Appendix 3 PW1100G-JM Engine and Parts Service Policy Appendix 4 Reserved Appendix 5 QEC Kit Appendix 6 Reserved Appendix 7 Forms of Warranty Bill of Sale Appendix 8 List of Permitted Affiliates IAE LLC Proprietary - Subject to the Restrictions on the Front Page ▇▇▇▇▇▇ PW1100G-JM Spare NEB (2024.
The purchase price for each Spare Engine and each QEC Kit is set forth in Appendix 2 (the “Spare Engine Purchase Price” and the “QEC Kit Purchase Price”, respectively).
Bombardier shall not be obligated under Annex A Article 2.9.3 to repurchase Power Plant Parts, QEC Kit components not constituting Bombardier Parts, standard hardware, bulk and raw materials, GSE and special tools.

More Definitions of QEC Kit

QEC Kit means a quick engine change kit manufactured by the relevant nacelle supplier, if applicable.

QEC Kit means each and all quick engine change kits and all parts thereof now owned or hereafter acquired by Grantor including the quick engine change kits and all their parts described in Part B of Schedule 1.1(E) hereto and each replacement thereof.

QEC Kit means a quick engine change kit, consisting of components and accessories installed or capable of being installed on an Aircraft Engine to speed the removal and installation of the Aircraft Engine on an aircraft. “Quarterly Date” means (i) initially, the third Payment Date to follow the Commitment Termination Date and (ii) each third successive Payment Date to follow such previously occurring Quarterly Date. “Register” has the meaning given to it in Section 12.04(b)(iii). “Related Collateral” means any Warranties, any FHA Agreement, any engine program, any Loan Asset Borrower Mortgage, any residual value guaranty, any third party or bank guarantee or cash collateral or other credit support provided by or on behalf of any Asset Lessee or Loan Asset Borrower (including any letter of credit), to secure such Asset Lessee’s or Loan Asset Borrower’s obligations under the relevant Portfolio Documents, respectively. - 42 - “Related Collateral Document” means any letter of credit, third-party or bank guarantee or any other agreement or instrument evidencing Related Collateral. “Related Parties” means, with respect to any specified Person, such Person’s Affiliates and the respective directors, officers, employees, agents, trustees and advisors of such Person and such Person’s Affiliates. “Relevant Appraisals” means, as of any date on which the Appraised Value of any Asset is to be determined, the most recent Appraisals delivered by the Borrower in respect of such Asset as required in accordance with this Agreement. “Relevant Governmental Body” means the Federal Reserve Board or the Federal Reserve Bank of New York, or a committee officially endorsed or convened by the Federal Reserve Board or the Federal Reserve Bank of New York, or any successor thereto. “Remaining Lease Term” means, for any Asset Lease as of any date of determination, the number of months remaining until the earliest date on which such Asset Lease is scheduled to expire pursuant to its terms. “Remaining Security Deposit” means, as of any date of determination, the aggregate amount of each Security Deposit for an Owned Asset that (a) does not constitute Segregated Funds and (b) as of such date of determination may, under the applicable Asset Lease, be required to be repaid to the applicable Asset Lessee. “Rental Payments” means all cash rental payments and other amounts equivalent to a rental payment payable by or on behalf of an Asset Lessee under an Asset Lease, including payments received in res...

QEC Kit means individually or collectively as the context requires, the four (4) [**]quick engine change kits that are the subject of this Contract, each bearing part number [**], respectively, and the QEC Kit Documentation.

QEC Kit means the necessary contained parts to build up a spare engine as supplied by the engine manufacturer to a line replaceable unit.