Common use of Engines and Significant Parts Clause in Contracts

Engines and Significant Parts. Other than as a result of any act or omission of the Lessee or any Sub-lessee, title to any Engine or Significant Part ceases to vest in the Lessor (other than in the case of an Engine, as a result of a Total Loss of that Engine) and such Engine or Significant Part has not been replaced by a Replacement Engine or a Replacement Part, as the case may be.

Appears in 2 contracts

Samples: Cit Group Inc, Cit Group Inc

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Engines and Significant Parts. Other than as As a result of any act or omission of the Lessee or any Sub-lessee, title to any Engine or Significant Part ceases to vest in the Lessor (other than in the case of an Engine, as a result of a Total Loss of that Engine) and such Engine or Significant Part has not been replaced by a Replacement Engine or a Replacement Part, as the case may be.

Appears in 2 contracts

Samples: Framework Agreement (Cit Group Inc), Cit Group Inc

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