Replacement Engine definition
Replacement Engine means a [Engine Manufacturer and Model] engine (or an engine of the same or another manufacturer of a comparable or an improved model and suitable for installation and use on the Airframe with the other Engine (or any other Replacement Engine being substituted simultaneously therewith)) that shall have been made subject to the Lien of the Indenture pursuant to Section 7.04 or Section 7.05 thereof, together with all Parts relating to such engine, but excluding items installed or incorporated in or attached to any such engine from time to time that are excluded from the definition of Parts.
Replacement Engine means an engine substituted for an Engine pursuant to Article IV of the Trust Indenture.
Replacement Engine means any engine substituted for an Engine pursuant to Section 5.06 of the Trust Indenture.
Examples of Replacement Engine in a sentence
The Company shall have the right at its option at any time and from time to time, on at least 30 days’ prior written notice to the Loan Trustee, to substitute a Replacement Engine for any Engine.
For all purposes hereof, upon the attachment of the Lien of this Indenture thereto, the Replacement Engine shall become part of the Collateral and shall be deemed an “Engine” as defined herein.
More Definitions of Replacement Engine
Replacement Engine means (a) CFM International Inc. model CFM56-5B4 engines or (b) an improved engine of the same manufacturer, which, in the case of any engine described in clauses (a) or (b) hereof, shall be in compliance with the requirements of Section 7(l) or 9(b) of the Lease.
Replacement Engine means any engine substituted for an Engine pursuant to Sections 9(c) and 10 of the Lease.
Replacement Engine means an engine substituted for an Engine pursuant to the Lease.
Replacement Engine means an engine that:
Replacement Engine shall have the meanings specified in accordance with their description in Section 11.
Replacement Engine means any engine substituted for an Engine or Spare Engine in accordance with Section 3.01(b) hereof.
Replacement Engine means a General Electric CF34-3B1 Series 200 engine ------------------ (or engine of the same manufacturer of a comparable or an improved model and suitable for installation and use on the Airframe), which has a value, utility and remaining useful life at least equal to, and which is in good operating condition as, the Engine to be replaced thereby (assuming that such Engine being replaced was in the condition required to be maintained in accordance with the Lease), and which shall have become subject to the Lease pursuant to Section 7(e) thereof.