Common use of INTERCHANGE AND POOLING Clause in Contracts

INTERCHANGE AND POOLING. Subject or permit any Permitted Sublessee to subject (i) the Airframe to normal interchange agreements or (ii) any Engine to normal interchange agreements or pooling agreements or arrangements, in each case customary in the commercial airline industry and entered into by Lessee or such Permitted Sublessee, as the case may be, in the ordinary course of business; PROVIDED, HOWEVER, that if Lessor's title to any such Engine is divested under any such agreement or arrangement, then such Engine shall be deemed to have suffered an Event of Loss as of the date of such divestiture, with the effect that Lessee shall be required to replace such Engine with a Replacement Engine meeting the requirements of, and in accordance with, Section 10.

Appears in 8 contracts

Samples: Lease Agreement (Continental Airlines Inc /De/), Lease Agreement (Continental Airlines Inc /De/), Lease Agreement (Continental Airlines Inc /De/)

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INTERCHANGE AND POOLING. Subject or permit any Permitted Sublessee to subject (i) the Airframe to normal interchange agreements or (ii) any Engine to normal interchange agreements or pooling agreements or arrangements, in each case customary in the commercial airline industry and entered into in writing by Lessee Lessee, or such Permitted Sublessee, as the case may be, in the ordinary course of businessbusiness of Lessee or such Permitted Sublessee; PROVIDEDprovided, HOWEVERno such agreement or arrangement contemplates or requires the transfer of title to such Engine, that but if Lessor's ’s title to any such Engine is divested under any such agreement or arrangement, then such Engine shall be deemed to have suffered an Event of Loss as of the date of such divestiture, with the effect that and consequently Lessee shall be required to replace such Engine with a Replacement Engine meeting the requirements of, and in accordance with, Section 10§ 9.

Appears in 3 contracts

Samples: Lease Agreement (Hawaiian Holdings Inc), Lease Agreement (Hawaiian Holdings Inc), Lease Agreement (Hawaiian Holdings Inc)

INTERCHANGE AND POOLING. Subject or permit any Permitted Sublessee to subject (i) the Airframe to normal interchange agreements or (ii) any Engine to normal interchange agreements or pooling agreements or arrangements, in each case customary in the commercial airline industry and entered into in writing by Lessee or such Permitted Sublessee, as the case may be, in the ordinary course of business; PROVIDEDbusiness and with any U.S. Air Carrier. If, HOWEVERnotwithstanding the foregoing, that if Lessor's title to any such Engine is divested under any such agreement or arrangement, then such Engine shall be deemed to have suffered an Event of Loss as of the date of such divestiture, with the effect that Lessee shall be required to replace such Engine with a Replacement Engine meeting the requirements of, and in accordance with, Section 109.

Appears in 1 contract

Samples: Aircraft Lease Agreement (Vanguard Airlines Inc \De\)

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INTERCHANGE AND POOLING. Subject or permit any Permitted Sublessee to subject (i) the Airframe to normal interchange agreements or (ii) any Engine to normal interchange agreements or pooling agreements or arrangements, in each case customary in the commercial airline industry and entered into by Lessee or such Permitted Sublessee, as the case may be, in the ordinary course of business; PROVIDED, HOWEVER, that if Lessor's title to any such Engine is divested under any such agreement or arrangement, then such Engine shall be deemed to have suffered an Event of Loss as of the date of such divestiture, with the effect that Lessee shall be required to replace such Engine with a Replacement Engine meeting the requirements of, and in accordance with, Section 10.

Appears in 1 contract

Samples: Lease Agreement (Continental Airlines Inc /De/)

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