Ownership of Parts. Immediately upon any part's (including Modification Parts) becoming incorporated in, installed on or attached to the Airframe or any Engine, without further act (1) title to such part shall thereupon vest in Lessor, free and clear of all Liens (other than Permitted Liens), (2) such part shall become subject to the Lease Agreement and be deemed a "Part" of such Airframe or such Engine for all purposes hereof and (3) title to any replaced Part shall thereupon vest in Lessee, free and clear of all rights of Lessor and all Lessor Liens and shall no longer be deemed a Part hereunder, except that with respect to non-complying parts described in the last sentence of Section 2.3.1 of this Schedule 1 where such non-compliance is due to the failure to meet the requirements of Section 2.2.1.1 or 2.3.1.2 of this Schedule 1 and the parts described in Section 2.4.5 of this Schedule 1, title thereto shall not vest in Lessor. Lessee will at its own expense take all such steps and execute, and procure the execution of, all such instruments as Lessor may reasonably require and which are necessary to ensure that title so passes to Lessor according to all applicable laws. At any time when requested by Lessor, Lessee will provide evidence to Lessor's reasonable satisfaction (including the provision, if required, to Lessor of a legal opinion) that title has so passed to Lessor. All Parts (other than Modification Parts) at any time removed from the Airframe or any Engine shall remain the property of Lessor, no matter where located, until such time as such Parts shall be replaced by Parts which have been incorporated or installed in or attached to the Airframe or any Engine and which meet the requirements set forth in Section 2.3.1 of this Schedule 1. Upon any removal of Modification Parts pursuant hereto, title thereto shall, without further act, vest in Lessee free and clear of all rights of Lessor and all Lessor Liens, and such Modification Part shall no longer be deemed a Part hereunder.
Ownership of Parts. Lessee shall procure that any substituted, replacement or renewed Part shall be, or upon installation become, the property of Lessor subject to this Agreement and the Security Documents and be free and clear of Liens other than Permitted Liens, and Lessee shall deliver to Lessor any instruments reasonably required by Lessor evidencing Lessor’s title to such substitution, replacement or renewal Part. Any Part at any time removed from the Airframe or any Engine shall remain the property of Lessor, no matter where located, until such time as such Part shall be replaced by a part that has been incorporated or installed in or attached to the Airframe or such Engine and that meets the requirements for replacement parts specified above and until title to such replacement part shall have passed to Lessor, according to applicable law, or until the replacement part is itself replaced by a replacement part which thereupon becomes the property of Lessor (whereupon title to the replaced part shall vest in Lessee free and clear of all Lessor’s Liens).
Ownership of Parts. 1 2.4 Modifications.......................................... 1 2.4.1 Ability to Modify............................. 1 2.4.2 No Obligation of Lessor to Pay................ 1 2.4.3 Removal of Modification Part.................. 1 2.4.4 Reversal of Modification...................... 1 2.4.5 Title to Removed Modification Part............ 1 2.4.6 Passenger Communication Equipment............. 1 2.4.7 Service Bulletin Kits......................... 1 2.5 Documentation.......................................... 1 2.6 Operation.............................................. 1 2.7 Insignia............................................... 1 2.8 Costs of Maintenance, Operation, Etc................... 1 2.8.1 In General.................................... 1 2.8.2 Payment of Flight Charges..................... 1 2.9 Inspection............................................. 1 2.9.1 Maintenance Schedule.......................... 1 2.9.2 Reasonable Inspections........................ 1 2.9.3
Ownership of Parts. Except as provided in the final paragraph of this Section 1.2.1, immediately upon any part (including Modification Parts) becoming incorporated in, installed on or attached to the Airframe or any Engine, without further act:
Ownership of Parts. All parts, for which BCI has supplied a replacement, shall become the property of BCI.
Ownership of Parts. All parts, for which BCI has supplied a replacement, shall become the property of BCI. PRO SERVICE: Service probes remain the property of BCI. BCI may, at its sole discretion, change the features and services of Pro Service at any time. Customer is responsible for providing network connection to access the Internet and maintaining responsibility for Internet service and security.
Ownership of Parts. All parts, for which Xxxxxxx Xxxxxxx has supplied a replacement, shall become the property of Xxxxxxx Xxxxxxx.
Ownership of Parts. Any Part (except for a temporary replacement part) at any time removed from the Facility shall remain the property of the User Head Lessor (subject to Permitted Liens) and subject to the User Head Lease, the Head Lease, the Lease, the Sublease and this User Lease, no matter where located, until such time as such Part shall be replaced by a part or parts that have been incorporated or installed in or attached to the Facility and that meets the requirements for replacement Parts specified in Section 8(a). Immediately upon any replacement Part (except for a temporary replacement part) becoming incorporated or installed in or attached to the Facility as provided in Section 8(a), without further act, (i) title to the replaced part shall thereupon vest in the User Lessee or its designee, free and clear of all rights of the User Head Lessor, the Head Lessor, the Lessor, the SublessorSublessors, the User Lessor, and the Holders and the replaced part shall no longer be deemed a Part hereunder; (ii) title to such replacement Part shall thereupon vest in the User Head Lessor (subject to Permitted Liens); (iii) such replacement Part shall become subject to the User Head Lease, the Head Lease, the Lease, the Sublease and this User Lease and be deemed part of the Facility for all purposes hereof to the same extent as the Parts originally incorporated or installed in or attached to the Facility and (iv) so long as the Lien of the Loan Agreement has not been discharged, such replacement Part shall be subject to the Lien of the Loan Agreement.
Ownership of Parts. 1 Except for circumstances under Paragraph 2, parts that Lxxxxx installed in the Property under Article 14, Paragraph 4, upon installation, shall comprise the Parts that constitute the Property and automatically belong to Lessor and be leased from Lessor to Lessee under this Agreement. With respect to parts that are removed from the Property, the ownership of the removed parts shall be transferred to Lessee while the ownership of the substitutes is transferred to Lessor. However, the parts that are exchanged and removed, though not replaced by similar substitutes, shall still be owned by Lessor regardless of their location and are subject to this Agreement.
Ownership of Parts. In performing limited Warranty repairs and building replacement products, KRAMBU uses new and reconditioned parts made by various manufacturers. The use of these new or reconditioned parts shall not extend the Warranty Period. KRAMBU owns all parts removed from repaired Hardware.
