Common use of Equipment Changes Clause in Contracts

Equipment Changes. Lessee will not make any modification or addition to the Aircraft (each an "EQUIPMENT CHANGE"), except for an Equipment Change which: (i) is expressly permitted or required by the Lease; or (ii) has (x) a cost (including labor) of less than the Modification Approval Amount or (y) the prior written approval of Lessor, and (z) in either case, does not diminish the condition, utility, airworthiness or value of the Aircraft. So long as no Default has occurred and is continuing, Lessee may remove or reverse any Equipment Change provided that the Equipment Change is not required pursuant to the terms of the Lease or to maintain the Insurances and removal or reversal does not diminish the value, utility, airworthiness or condition of the Aircraft assuming that such Equipment Change was not made and that Aircraft is maintained in accordance with the Lease. Furthermore, Lessor may require Lessee to remove or reverse any Equipment Change on the Expiry Date and to restore the Aircraft to its condition prior to that Equipment Change. Any Equipment Change not so removed or reversed becomes the property of Lessor or Owner, as the case may be, at the Expiry Date.

Equipment Changes. (a) Lessee will not make any modification or addition to the Aircraft (each an "EQUIPMENT CHANGEEquipment Change"), except for an Equipment Change which: (i) is expressly permitted or required by the Lease; or; (ii) has (x) is in accordance with Manufacturer approved data and at a cost (including labor) of less than the Modification Approval Amount *****, or (y) the prior written approval of LessorLessor and, and (z) in either case, does not diminish the condition, utility, airworthiness or value of the Aircraft. ; or (iii) is required by Law or Regulation of any Government Entity. (b) So long as no Payment Default or Event of Default has occurred and is continuing, Lessee may may, subject to any applicable Regulations, remove or reverse any Equipment Change provided that the Equipment Change is not required pursuant to the terms of the Lease or to maintain the Insurances Insurance and removal or reversal does not diminish the value, utility, airworthiness or condition of the Aircraft assuming that such Equipment Change was not made and that the Aircraft is maintained in accordance with the Lease. Furthermore, Lessor may require Lessee to remove or reverse any Equipment Change prior to the Return Occasion so that, on the Expiry Date and to restore the Aircraft is restored to its the condition it was in prior to that Equipment Change. Any Equipment Change not so removed or reversed becomes the property of Lessor or Owner, as the case may be, at the Expiry Date.Any

Equipment Changes. Lessee will not make any modification or addition to the Aircraft Engine (each an "EQUIPMENT CHANGEEquipment Change"), except for an Equipment Change which: (i) is expressly permitted or required by the Lease; or (ii) has (w) is approved by the Manufacturer or (x) has a cost (including labor) of less than the Modification Approval Amount or (y) has the prior written approval of Lessor, and (z) in either any case, does not diminish the condition, utility, airworthiness or value of the AircraftEngine. So long as no Event of Default has occurred and is continuing, Lessee may remove or reverse any Equipment Change provided that the Equipment Change is not required pursuant to the terms of the Lease or to maintain the Insurances Insurance and removal or reversal does not diminish the value, utility, airworthiness or condition of the Aircraft Engine assuming that such Equipment Change was not made and that Aircraft the Engine is maintained in accordance with the Lease. Furthermore, Lessor may require Lessee to remove or reverse any Equipment Change other than an Equipment Change that is approved by the Manufacturer and does not diminish the condition, utility, airworthiness or value of the Engine on the Expiry Date and to restore the Aircraft Engine to its condition prior to that Equipment Change. Any Equipment Change not so removed or reversed becomes remains the property of Lessor or Owner, as the case may be, at the Expiry Date.

Equipment Changes. (a) Lessee will not make any modification or addition to the Aircraft (each an "EQUIPMENT CHANGE"“Equipment Change”), except for an Equipment Change which: (i) is expressly permitted or required by the Leasethis Agreement; or (ii) has (x) a cost (including labor) of less than the Modification Approval Amount or (y) the prior written approval of Lessor, and (z) in either case, Lessor which approval will not be unreasonably withheld or delayed where the Equipment Change does not diminish or impair the conditionvalue, utility, condition, or airworthiness or value of the Aircraft. So ; or (iii) arises as a result of the requirements of the Air Authority, the Manufacturer, EASA or FAA which Equipment Change shall be for the account of Lessee; or (iv) has a cost (including labour, overheads, engineering supplies, materials and third party costs) no greater than ***** (2008 US$) and which is performed pursuant to the original equipment manufacturer service bulletin; (b) so long as no Event of Default has occurred and is continuing, Lessee may remove or reverse any Equipment Change provided that the Equipment Change is not required pursuant to the terms of the Lease or to maintain the Insurances and such removal or reversal does not diminish or impair the value, utility, condition or airworthiness or condition of the Aircraft assuming that such Equipment Change was not made and that Aircraft is maintained in accordance with the Lease. Furthermore, Aircraft; and (c) Lessor may require Lessee to remove or reverse any Equipment Change on the Expiry Date and to restore the Aircraft to its condition as it was prior to that Equipment Change. Any Change except to the extent such Equipment Change not so removed or reversed becomes is required to comply with the property of Lessor or Owner, as the case may be, at the Expiry DateReturn Condition.

Equipment Changes. Lessee will not make any modification or addition to the Aircraft (each an "EQUIPMENT CHANGE"“Equipment Change”), except for an Equipment Change which: (ia) is expressly permitted or required by the Lease; or (iib) has (x) a cost (including labor) of less than the Modification Approval Amount or (y) the prior written approval of Lessor, Lessor (such approval not to be unreasonably withheld) and (z) in either case, does not diminish or impair the conditionvalue, utility, condition, or airworthiness of the Aircraft (save that Lessor’s approval shall not be required for painting or value minor cabin interior modifications not affecting the structure of the Aircraft). So long as no Default has occurred and is continuing, Lessee may remove or reverse any Equipment Change provided that the Equipment Change is not required pursuant to the terms of the Lease or to maintain the Insurances and removal or reversal does not diminish the value, utility, airworthiness or condition of the Aircraft assuming that such Equipment Change was not made and that Aircraft is maintained in accordance with the Lease. Furthermore, Lessor may require Lessee to remove or reverse any Equipment Change on the Expiry Date and to restore the Aircraft to its condition prior to that Equipment Change. Any Equipment Change not so removed or reversed becomes the property of Lessor or Owner, as the case may be, at the Expiry Date.

Equipment Changes. Lessee will not make any modification or addition to the Aircraft (each an "EQUIPMENT CHANGE"“Equipment Change”), except for an Equipment Change which: (ia) is expressly permitted or required by the Lease; or (iib) has (x) a cost (including labor) of less than the Modification Approval Amount or (y) the prior written approval of Lessor, and (z) in either case, does not change the configuration of the Aircraft from a passenger configuration or diminish in any material respect the condition, utility, airworthiness or value of the Aircraft. So long as no Significant Default or Event of Default has occurred and is continuing, Lessee may may, to the extent permitted by any Regulation, remove or reverse any Equipment Change provided that the Equipment Change is not required pursuant to the terms of the Lease or to maintain the Insurances Insurance and removal or reversal does not diminish in any material respect the value, utility, airworthiness or condition of the Aircraft assuming that such Equipment Change was not made and that the Aircraft is has been maintained in accordance with the Lease. Furthermore, Lessor may require Lessee to remove or reverse any Equipment Change on the Expiry Date and to restore the Aircraft to its condition prior to that Equipment Change. Any Equipment Change not so removed or reversed becomes the property of Lessor or Owner, as the case may be, at the Expiry Date.

Equipment Changes. Lessee will not make any modification or addition to the Aircraft (each an "EQUIPMENT CHANGE"), except for an Equipment Change which: (i) is expressly permitted or required by the Lease; or (ii) has (x) a cost (including labor) of less than the Modification Approval Amount or (y) the prior written approval of Lessor, and (z) in either case, does not not' diminish the condition, utility, airworthiness or value of the Aircraft. So long as no Default has occurred and is continuing, Lessee may remove or reverse any Equipment Change provided that the Equipment Change is not required pursuant to the terms of the Lease or to maintain the Insurances and removal or reversal does not diminish the value, utility, airworthiness or condition of the Aircraft assuming that such Equipment Change was not made and that Aircraft is maintained in accordance with the Lease. Furthermore, Lessor may require Lessee to remove or reverse any Equipment Change on the Expiry Date and to restore the Aircraft to its condition prior to that Equipment Change. Any Equipment Change not so removed or reversed becomes the property of Lessor or Owner, as the case may be, at the Expiry Date.