Condition of Aircraft. The Aircraft at the time of its return to Lessor, shall have, and be in compliance with, a current valid certificate of airworthiness issued by the FAA, and shall be airworthy according to manufacturer’s specifications and FAA regulations, shall have been maintained and repaired in accordance with the provisions of this Agreement, and shall be in the same condition as it was in when Lessee took possession on the Effective Date of this Agreement, ordinary wear and tear excepted.
Appears in 2 contracts
Samples: Aircraft Lease Agreement, Aircraft Lease Agreement (Egl Inc)
Condition of Aircraft. The Aircraft Aircraft, at the time of its return to Lessor, shall have, and be in compliance with, a current valid certificate of airworthiness issued by the FAA, and shall be airworthy according to manufacturer’s 's specifications and FAA regulations, shall have been maintained and repaired in accordance with the provisions of this Agreement, and shall be in the same condition as it was in when Lessee took possession on the Effective Date of this Agreement, ordinary wear and tear excepted.
Appears in 2 contracts
Samples: Non Exclusive Aircraft Lease Agreement, Non Exclusive Aircraft Lease Agreement (AAC Holdings, Inc.)
Condition of Aircraft. The Subject to Section 11, the Aircraft at the time of its return to Lessor, shall have, and be in compliance with, a current valid certificate of airworthiness issued by the FAA, and shall be airworthy according to manufacturer’s specifications and FAA regulations, shall have been maintained and repaired in accordance with the provisions of this Agreement, and shall be in the same condition as it was in when Lessee took possession on the Effective Date of this Agreement, ordinary wear and tear excepted.
Appears in 1 contract
Samples: Exclusive Aircraft Lease Agreement (Campus Crest Communities, Inc.)
