Examples of Aircraft Part in a sentence
Any such Replacement Aircraft Part, regardless of whether evidenced by an Aircraft Security Agreement Supplement, shall become subject to this Security Agreement and shall be deemed part of the Aircraft Collateral, for all purposes hereof to the same extent as the Aircraft Parts originally incorporated or installed in the Aircraft, and a security interest to such Replacement Aircraft Part shall thereupon vest in the Company.
Any Aircraft Part at any time removed from any of the Aircraft Collateral shall remain subject to the interests of Company under the Loan Documents, no matter where located, until such time as such Aircraft Part shall be replaced by an Aircraft Part which has been incorporated or installed in or attached to the Aircraft and which meets the requirements for a Replacement Aircraft Part specified above.
To the extent such Permitted Aircraft Modification is not a Removable Aircraft Part, or is a Required Aircraft Alteration or an Original Aircraft Part, and, to the extent a Removable Aircraft Part is not the property of the Owner that is not subject to the Lien of this Security Agreement because of the continuance of an Aircraft Event of Default, the same shall immediately and automatically be and become subject to the Lien of this Security Agreement.
The Owner will not directly or indirectly create, incur, assume or suffer to exist any Lien (other than Permitted Liens) on or with respect to the Aircraft Collateral or any Aircraft Part.
The computer software Exhibit B, included with the Aircraft Part D-1, is delivered by Boeing, Para.
Except as otherwise set forth in an Aircraft Lease, only at such time as a replacement aircraft part shall be substituted for an Aircraft Part in accordance with such Aircraft Lease, shall the Aircraft Part so replaced cease to be an Aircraft Part hereunder.
In case the Aircraft, or any item of equipment, part or appliance therein (each, an "Aircraft Part") is required to be altered, added to, replaced or modified in order to comply with any Requirements of Law (a "Required Aircraft Alteration") pursuant to Sections 4.1 or 4.3 hereof, the Owner and World Travel agree to make such Required Aircraft Alteration at its own expense.
Upon the removal by the Borrower (or lessee) of any Aircraft Part as provided above, such Aircraft Part shall no longer be deemed part of the Approved Aircraft from which it was removed.
The computer software Exhibit B, included with the Aircraft Part D-1, Para 1 when the Aircraft is delivered by Boeing, described in Exhibit B, Part D-1, Para.
In case the Aircraft, or any item of equipment, part or appliance therein (each, an "Aircraft Part") is required to be altered, added to, replaced or modified in order to comply with any Requirements of Law (a "Required Aircraft Alteration") pursuant to Sections 4.1 or 4.3 hereof, the Owner and World Travel agree to make or cause to be made such Required Aircraft Alteration at its own expense.