Lease Engine Support. 5.1 IAE or its designee will maintain a worldwide fleet of spare Engines available for lease by Spirit on an as needed basis. Should Spirit require a spare Engine (a “Lease Engine”) from IAE or its designee, IAE or its designee will make such Leased Engine available to Spirit under IAE or its designee’s then-current standard short term engine lease agreement for V2500 Engines (IATA Master Short Term Lease Agreement, form 5016 00 (“IATA Agreement”), provided that Spirit acquires and continues to operate and maintain the recommended number of Spare Engines for its Aircraft fleet.
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Samples: Fleet Hour Agreement, www.sec.gov, Fleet Hour Agreement (Spirit Airlines, Inc.)
Lease Engine Support. 5.1 IAE or its designee will maintain a worldwide fleet of spare Engines available for lease by Spirit on an as needed basis. Should Spirit require a spare Engine (a “"Lease Engine”") from IAE or its designee, IAE or its designee will make such Leased Engine available to Spirit under IAE or its designee’s 's then-current standard short term engine lease agreement for V2500 Engines (IATA Master Short Term Lease Agreement, form 5016 00 (“"IATA Agreement”"), provided that Spirit acquires and continues to operate and maintain the recommended number of Spare Engines for its Aircraft fleet.
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