Redelivery Condition definition

Redelivery Condition means with respect to a Contract Aircraft, having all Services and Extra Work completed and duly performed in accordance with the terms of this Agreement and being free and clear of any Encumbrances created by or through Supplier or M&B;

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Redelivery Condition means the condition in which the Aircraft must be on Redelivery, as described in Part B of Schedule 10 (Redelivery).

Redelivery Condition means the condition of the Aircraft at redelivery as provided in Section 12 and Schedule 6 of the Lease.

Examples of Redelivery Condition in a sentence

• Additional Redelivery Condition Any replacement life limited Part installed in the Landing Gear Requirements: and/or Engine(s) during the Term shall have full back-to-birth traceability such that the Aircraft Documents and Records shall clearly demonstrate the history of each such replacement life limited Part back to the original entry into service of that replacement life limited Part.

• Redelivery Condition Requirements: In addition to the provisions of the Common Terms Agreement, the terms and conditions relating to the return of the Aircraft are set out in Schedule B to this Aircraft Lease Agreement.

• Not earlier than 90 days prior to the --------------------- Vessel's redelivery, the Vessel shall be inspected by an independent naval architect, appointed by the Charterer and approved by the Shipowner, such approval not to be unreasonably withheld, to determine the Vessel's compliance with the Redelivery Condition.

• The Redelivery Procedure as set out in Clause 22 will be the framework for the Redelivery Procedure; however, the parties will meet thirty (30) days prior to the Scheduled Redelivery Date to specify any additional terms, or further requirements or procedures dictated by the location of the Aircraft, the ferry of the Aircraft and/or redelivery The Redelivery Condition shall be at least the same condition as at Delivery (mirror-in/mirror- out), normal wear and tear excepted, unless otherwise stated below.

• Unless the Aircraft has suffered a Total Loss, the Lessee will redeliver the Aircraft to the Lessor on the Expiry Date, at the Redelivery Location in the Redelivery Condition and free and clear of all Security Interests (other than Lessor Liens).

• To the extent that any Delivery Condition is waived in accordance with this Section 5.6.2 the corresponding Redelivery Condition shall be deemed to be waived to the same extent.

• If the Vessel is not in compliance with the Redelivery Condition, the Charterer will correct or repair (at its own expense) any condition disclosed by such inspection to the extent necessary to cause the Vessel to comply with the Redelivery Condition, and further the Charterer shall pay for the cost of the inspection and drydocking, if any.

• Subject to Clause 18.6(c) below, if, however, the illegality is a result of any change in the laws of Ireland or the United States of America after the date of a Lease, Lessee shall return the relevant Engine in the Redelivery Condition but shall pay, in lieu of the amounts set forth above, an amount equal to two (2) months Rent.

• Provided the Lessee has complied with its obligations under this Clause 19 and Schedule 9 (Redelivery), following Redelivery of the Aircraft (including the Aircraft Documents) by the Lessee to the Lessor at the Redelivery Location and in the Redelivery Condition, the Lessor will deliver to the Lessee written acknowledgement confirming that the Lessee has redelivered the Aircraft to the Lessor in the Redelivery Condition in the form of the Redelivery Acceptance Certificate.

• If, in Lessor’s opinion (acting reasonably), a review of the take-off trend monitoring data indicates that the Engine may not meet the Redelivery Condition or, in Lessor’s opinion (acting reasonably), such take-off trend monitoring data is not an accurate gauge of the condition of the Engine, then Lessee shall perform or cause to be performed at Lessee’s sole cost and expense a full performance test cell run.

More Definitions of Redelivery Condition

Redelivery Condition means the condition and requirements in respect of the Aircraft at Redelivery described in Part II of Schedule 6 (Redelivery Procedure and Redelivery Condition);

Redelivery Condition means the condition in which the Aircraft is required to be redelivered by Lessee to Lessor in accordance with the terms of Clause 21.

Redelivery Condition means in respect of an Engine, the condition specified by Clause 20, Schedule 4 and the Lease;

Redelivery Condition means with respect to the Trains, Vehicles, any Parts or any items of Supplied Equipment that the same shall be in a condition which is consistent with Exhibit 6 (Redelivery Condition);

Redelivery Condition is defined in clause (b) of Section 6 of the Asset Use Agreement.

Redelivery Condition has the meaning given to it in Clause 21.5 (Redelivery Condition).