Common use of ENGINE EXCHANGE Clause in Contracts

ENGINE EXCHANGE. Upon not less than five (5) Business Days' prior written notice to Lessor, Lessee may replace any Engine leased hereunder with another engine (the "Exchanged Engine") meeting the requirements of Section 10.2.2. Such Exchanged Engine shall be deemed to be a "Replacement Engine" and Lessor and Lessee shall comply with the provisions of Section 10.3 with regard to the Exchanged Engine and the Engine so replaced.

Appears in 11 contracts

Samples: Lease Agreement (Continental Airlines Inc /De/), Lease Agreement (Atlas Air Worldwide Holdings Inc), Lease Agreement (Continental Airlines Inc /De/)

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ENGINE EXCHANGE. Upon not less than five (5) Business Days' prior written notice to Lessor, Lessee may replace any Engine leased hereunder with another engine (the "Exchanged Engine") meeting the requirements of Section 10.2.2. Such Exchanged Engine shall be deemed to be a "Replacement Engine" and Lessor and Lessee shall comply with the provisions of Section 10.3 with regard to the Exchanged Engine and the Engine so replaced.

Appears in 2 contracts

Samples: Lease Agreement (Atlas Air Inc), Lease Agreement (Atlas Air Inc)

ENGINE EXCHANGE. Upon not less than five (5) Business Days' prior written notice to LessorLessor (with a copy to Owner Participant), Lessee may replace any Engine leased hereunder with another engine (the "Exchanged EngineEXCHANGED ENGINE") meeting the requirements of Section ss. 10.2.2. Such Exchanged Engine shall be deemed to be a "Replacement Engine" ", and Lessor and anD Lessee shall comply with the provisions of Section ss. 10.3 with regard to the Exchanged Engine and the Engine so replaced.

Appears in 2 contracts

Samples: Participation Agreement (Amtran Inc), Lease Agreement (Amtran Inc)

ENGINE EXCHANGE. Upon not less than five (5) Business Days' prior written notice to LessorLessor (with a copy to Owner Participant), Lessee may replace any Engine leased hereunder with another engine (the "Exchanged EXCHANGED Engine") meeting the requirements of Section ss. 10.2.2. Such Exchanged Engine shall be deemed to be a "Replacement Engine" ", and Lessor and Lessee shall comply with the provisions of Section ss. 10.3 with regard to the Exchanged Engine and the Engine so replaced.

Appears in 2 contracts

Samples: Participation Agreement (Amtran Inc), Lease Agreement (Amtran Inc)

ENGINE EXCHANGE. Upon not less than five (5) Business Days' prior written notice to Lessor, Lessee may replace any Engine leased hereunder with another engine (the "Exchanged Engine") meeting the requirements of Section 10.2.211 (d). Such Exchanged Engine shall be deemed to be a "Replacement Engine" and Lessor and Lessee shall comply with the provisions of Section 10.3 paragraph (f) below with regard to the Exchanged Engine and the Engine so replaced.

Appears in 1 contract

Samples: Aircraft Lease Agreement (Atlas Air Worldwide Holdings Inc)

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ENGINE EXCHANGE. Upon So long as no Lease Event of Default or Special Default has occurred and is continuing, upon not less than five (5) Business Days' prior written notice to Lessor, Lessee may replace any Engine leased hereunder with another engine (the "Exchanged Engine") meeting the requirements of Section 10.2.2. Such Exchanged Engine shall be deemed to be a "Replacement Engine" and Lessor and Lessee shall comply with the provisions of Section 10.3 with regard to the Exchanged Engine and the Engine so replaced.

Appears in 1 contract

Samples: Lease Agreement (Continental Airlines Inc /De/)

ENGINE EXCHANGE. Upon not less than five (5) Business Days' prior written notice to LessorLessor and Mortgagee, Lessee may replace any Engine leased hereunder with another engine (the "Exchanged Engine") meeting the requirements of Section (S) 10.2.2. Such Exchanged Engine shall be deemed to be a "Replacement Engine" ", and Lessor and Lessee shall comply with the provisions of Section (S) 10.3 with regard to the Exchanged Engine and the Engine so replaced.

Appears in 1 contract

Samples: Note Purchase Agreement (Airtran Holdings Inc)

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