ENGINE LOSS Clause Samples
The Engine Loss clause defines the rights and responsibilities of parties in the event that an aircraft engine is lost, destroyed, or rendered unfit for use. Typically, this clause outlines the procedures for reporting the loss, the obligations for replacement or compensation, and the allocation of insurance proceeds if applicable. For example, if an engine is damaged beyond repair during a lease, the clause would specify whether the lessee must provide a replacement engine or pay a stipulated amount. Its core practical function is to allocate risk and clarify the steps to be taken following an engine loss, thereby minimizing disputes and ensuring continuity of operations.
ENGINE LOSS. Upon the occurrence of an Engine Loss (including, for the ------------ avoidance of doubt, at a time when the Engine is not installed on the Airframe) in circumstances in which there has not also occurred a Total Loss, the Lessee shall give the Lessor written notice promptly upon becoming aware of the same and shall (unless the Lessor has received the insurance proceeds relating to such Engine Loss), within 90 days after the Engine Loss Date, convey or cause to be conveyed to the Lessor, as replacement for such Engine, title to a replacement engine that is in the same or better operating condition, has as many or more Flight Hours and Cycles available until the next scheduled checks, inspections, overhauls and shop visits and has the same or greater value and utility as the lost Engine and that complies with the conditions set out in Clause 8.13(a). The Lessee will at its own expense take all such steps and execute, and procure the execution of, all such instruments that are necessary to ensure that title to the replacement engine passes to the Lessor according to all applicable laws, and if requested by the Lessor, will provide evidence to the Lessor's reasonable satisfaction (including the provision, if required, to the Lessor of a legal opinion of counsel to Lessee reasonably satisfactory to Lessor) that title has so passed to the Lessor, whereupon the leasing of the replaced Engine the subject of the Engine Loss shall cease and title to such replaced Engine shall (subject to any salvage rights of insurers) vest in the Lessee pursuant to Clause 8.17(c). If the Lessor subsequently receives any insurance proceeds relating to such Engine Loss, the Lessor shall promptly remit such proceeds to the Lessee. No Engine Loss with respect to any Engine that is replaced in accordance with the provisions of this Clause 11.1(c) shall result in any increase or decrease in Basic Rent or the Termination Value.
ENGINE LOSS. Lessee fails to timely comply with its obligations under Sections 8.11(a) and 8.11(b) with respect to an Engine Event of Loss.
ENGINE LOSS. 61 11.4 Damage or Incident Not Constituting a Total Loss ............................................. 62 11.5 Requisition ......................................................................................................... 62 12.
ENGINE LOSS. 73 11.3 Requisition . . . . . . . . . . . . . . . . . . . . . . .74
ENGINE LOSS. Upon the occurrence of an Engine Loss (including, for the avoidance of doubt, at time when the Engine is not installed on the Airframe) in circumstances in which there has not also occurred a Total Loss, the Lessee shall give the Lessor written notice promptly upon becoming aware of the same and shall within days after the Engine Loss Date, convey or cause to be conveyed to the Holder of Legal Title as replacement for such Engine, title, free and clear of all Security Interests, to a replacement engine complying with the conditions set out in Clause 8.13
(a) The Lessee shall, at the time of such conveyance, comply in all respects with Clause 8.17
(a) so that the replacement engine becomes an Engine, whereupon the leasing of the replaced Engine the subject of the Engine Loss shall cease and title to such replaced Engine shall (subject to any salvage rights of insurers) be conveyed to the Lessee pursuant to Clause 8.17(c). If the Lessor receives any insurance proceeds relating to such Engine Loss, the Lessor shall promptly remit such proceeds to the Lessee. No Engine Loss with respect to any Engine which is replaced in accordance with the provisions of this Clause 11.1(c) shall result in any increase or decrease in Rent or the Agreed Value.
ENGINE LOSS. Upon the occurrence of an Engine Loss (including, for the avoidance of doubt, at a time when the Engine is not installed on the Airframe) in circumstances in which there has not also occurred a Total Loss, the Lessee shall give the Lessor and the Lender written notice promptly upon becoming aware of the same and shall (unless the Lessor has received the insurance proceeds relating to such Engine Loss), within 60 days after the Engine Loss Date, convey or cause to be conveyed to the Lessor, as replacement for such Engine, title to a replacement engine that is in the same or better operating condition, has the same or greater value and utility as the lost Engine and that complies with the conditions set out in Clause 8.13(a). The Lessee shall, at the time of such conveyance, comply in all respects with Clause 8.17(a) so that the replacement engine becomes an Engine, whereupon the leasing of the replaced Engine the subject of the Engine Loss shall cease and title to such replaced Engine shall (subject to any salvage rights of insurers) vest in the Lessee pursuant to Clause 8.17(b), free of Lessor Liens. If the Lessor or the Lender subsequently receives any insurance proceeds relating to such Engine Loss, the
ENGINE LOSS. Lessee fails to timely comply with its obligations under Sections 8.11(a) and 8.11(b) with respect to an Event of Loss.
1. Engine Serial Number:
2. Reason for Removal:
3. Utilization: Engine TSN CSN at 1st installation. Engine TSN CSN at 1st removal. Aircraft TSN CSN at 1st installation. Aircraft TSN CSN at 1st removal. Engine TSN CSN at 2nd installation. (If applicable) Engine TSN CSN at 2nd removal. (If applicable) Aircraft TSN CSN at 2nd installation. (lf applicable) Aircraft TSN CSN at 2nd removal. (If applicable)
4. Date of installation: , removal: at 1st installation/removal. Date of installation: , removal: at 2nd installation/removal. (If applicable)
5. Aircraft Tail #, Position installed: at 1st installation/removal. Thrust rating at which the Engine was operated at 1st installation/removal - Aircraft Tail #, Position installed: at 2nd installation/removal. Thrust rating at which the Engine was operated at 2nd installation / removal: (if applicable) -
6. Has the Engine, including any component(s) installed or replaced by the Operator during the term of the lease, been operated on any U.S. and/or Foreign Government or military aircraft, been subjected to any extreme heat or other form of extreme stress, e.g. Major Engine failure, fire and extreme heat, or incident/accident as defined by lessee’s regulatory authority, been immersed in salt water, or otherwise exposed to corrosive agents outside normal operation. YES NO
7. Have PMA/non-OEM material (S) or material (S) containing non-OEM repairs been installed onto the engine during the term of the lease. YES NO
8. Have there been ANY Deviations from Manual (Including any OEM approved deviations) issued to the Engine, or any hardware or component(s) attached to the Engine, during the term of the lease. YES NO Note : If Yes please provide supporting OEM documentation, CDR and FAA 8110-3
9. Has the engine been returned to GEEL with the same inventory as at delivery, per the lease agreement? YES NO NOTE - GEEL WILL ADDITIONALLY PERFORM A FULL INVENTORY CONTROL CHECK AT ENGINE REDELIVERY HOUSEKEEPER.
10. WWAS THE ENGINE OPERATED AND MAINTAINED IN ACCORDANCE WITH THE AMM? YES NO
11. Were there any Deferred items noted during the term of the Lease? YES NO If YES, list the Deferred items and provide documentation.
12. Has the Engine experienced an EGT or RPM exceedence? YES NO If YES, supply details of troubleshooting and RECTIFICATION.
13. Were any Service Bulletins incorporated during the term of the Lease...