Common use of Equipment Changes Clause in Contracts

Equipment Changes. (a) The Lessee will not make any modification or addition to the Aircraft (each an "Equipment Change"), except for an Equipment Change that: (i) is expressly permitted by any other provision of this Agreement, or (ii) has the prior written approval of the Lessor and Mortgagee (which approval shall not be unreasonably withheld provided the proposed Equipment Change will not, in the reasonable opinion of the Lessor and Mortgagee, diminish the value, utility, condition or airworthiness of the Aircraft), except for painting or minor cabin interior modifications not affecting the structure of the Airframe, any or all of which may be made without such prior approval. (b) So long as no Event of Default has occurred and is continuing, the Lessee may remove any Equipment Change if it can be removed from the Aircraft without diminishing or impairing the value, utility, condition or airworthiness of the Aircraft.

Equipment Changes. (a) The Lessee will not make any modification or addition to the Aircraft (each an "Equipment ChangeEQUIPMENT CHANGE"), except for an Equipment Change that: (i) is expressly permitted by any other provision of this Agreement, or (ii) has the prior written approval of the Lessor and Mortgagee the Lender (which approval shall not be unreasonably withheld provided the proposed Equipment Change will not, in the reasonable opinion of the Lessor and Mortgageethe Lender, diminish the value, utility, condition or airworthiness of the Aircraft), except for painting or minor cabin interior modifications not affecting the structure of the Airframe, any or all of which may be made without such prior approval. (b) So long as no Event of Default has occurred and is continuing, the Lessee may remove any Equipment Change if it can be removed from the Aircraft without diminishing or impairing the value, utility, condition or airworthiness of the Aircraft.

Equipment Changes. (a) The Lessee will not make any modification or addition to the Aircraft (each an "Equipment ChangeEQUIPMENT CHANGE"), except for an Equipment Change that: (i) is required by Lessor or Lender pursuant to Clause 12.3(d), (ii) is expressly permitted by any other provision of this Agreement, or (iiiii) has the prior written approval of the Lessor and Mortgagee the Lender (which approval shall not be unreasonably withheld provided the proposed Equipment Change will not, in the reasonable opinion of the Lessor and Mortgageethe Lender, diminish the value, utility, condition or airworthiness of the Aircraft), except for painting or minor cabin interior modifications not affecting the structure of the Airframe, any or all of which may be made without such prior approval. (b) So long as no Event of Default has occurred and is continuing, the Lessee may remove any Equipment Change if it can be removed from the Aircraft without diminishing or impairing the value, utility, condition or airworthiness of the Aircraft.

Equipment Changes. (a) The Lessee will not make any modification or addition to the Aircraft (each an "Equipment ChangeEQUIPMENT CHANGE"), except for an Equipment Change that: (i) is expressly permitted by any other provision of this Agreement, or (ii) has the prior written approval of the Lessor and Mortgagee (which approval shall not be unreasonably withheld provided the proposed Equipment Change will not, in the reasonable opinion of the Lessor and Mortgagee, diminish the value, utility, condition or airworthiness of the Aircraft), except for painting or minor cabin interior modifications not affecting the structure of the Airframe, any or all of which may be made without such prior approval. (b) So long as no Event of Default has occurred and is continuing, the Lessee may remove any Equipment Change if it can be removed from the Aircraft without diminishing or impairing the value, utility, condition or airworthiness of the Aircraft.