Common use of HOURS AND CYCLES Clause in Contracts

HOURS AND CYCLES. The Airframe, Engines and Parts had the following hours/cycles at return: A. Airframe: _____ hours/_____ cycles since last "C" Check _____ months remaining until next Major Structural Inspection B. Engines: TIME SINCE LAST HEAVY ENGINE VISIT ---------------------------------- HOURS CYCLES ----- ------ xv MSN MSN TIME REMAINING TO NEXT LIFE- ---------------------------- LIMITED PART REMOVAL -------------------- HOURS CYCLES ----- ------ MSN MSN C. APU: _____ hours/_____ cycles remaining until next inspection _____ hours/_____ cycles remaining on turbine and compressor life-limited parts D. Landing Gears: _____ hours/_____ cycles remaining to next scheduled removal on each landing gear TIME REMAINING TO NEXT ---------------------- SCHEDULED REMOVAL ----------------- HOURS CYCLES ----- ------ MSN MSN E. Status of components or Parts with time/cycle and calendar limits (see attached sheet) F. Fuel on board at Delivery: _____ pounds (_____ gallons). ACCEPTANCE BY LESSOR. The above specified Aircraft, Engines, parts and documentation are hereby accepted by Lessor subject to (a) the provisions of the Lease and (b) correction by Lessee of the Discrepancies specified in Attachment 3 hereto (which corrections Lessee hereby undertakes to perform as soon as reasonably possible). The acceptance of the Aircraft, Engines and Parts hereunder by Lessor shall not constitute any waiver by Lessor of any right or remedy it may have under the Lease, and shall not relieve or diminish any obligation of Lessee under the Lease.

HOURS AND CYCLES. The Airframe, Engines and Parts had the following hours/cycles at return: A. Airframe: _____ hours/_____ cycles since last "C" Check check _____ months remaining until next Major Structural Inspection B. Engines: F-2 TIME SINCE LAST HEAVY ENGINE VISIT ---------------------------------- HOURS CYCLES ----- ------ xv MSN MSN TIME REMAINING TO NEXT LIFE- ---------------------------- LIMITED PART REMOVAL -------------------- HOURS CYCLES ----- ------ MSN MSN C. APU: _____ hours/_____ cycles remaining until next inspection _____ hours/_____ cycles remaining on turbine and compressor life-limited parts D. Landing Gears: _____ hours/_____ cycles remaining to next scheduled removal on each landing gear TIME REMAINING TO NEXT ---------------------- SCHEDULED REMOVAL ----------------- HOURS CYCLES ----- ------ MSN MSN E. Status of components or Parts with time/cycle and calendar limits (see attached sheet) F. Fuel on board at Delivery: _____ pounds (_____ gallons). ACCEPTANCE BY LESSOR. The above specified Aircraft, Engines, parts and documentation are hereby accepted by Lessor subject to (a) the provisions of the Lease and (b) correction by Lessee of the Discrepancies specified in Attachment 3 hereto (which corrections Lessee hereby undertakes to perform as soon as reasonably possible). The acceptance of the Aircraft, Engines and Parts hereunder by Lessor shall not constitute any waiver by Lessor of any right or remedy it may have under the Lease, and shall not relieve or diminish any obligation of Lessee under the Lease.