Common use of Maintenance and Repair of Equipment Clause in Contracts

Maintenance and Repair of Equipment. Obligor agrees, at its own cost and expense, to keep, repair, maintain, service and preserve the Equipment in good repair, operating and serviceable condition and shall keep the Equipment in order and condition equal to or better than other equipment of the same type owned by Obligor, and in compliance with all requirements of law applicable to the maintenance and condition of the Equipment, including, without limitation, environmental, noise and pollution laws and regulations (including notifications and reports) of any legislative, executive, administrative or judicial body exercising any power or jurisdiction over the Equipment, to the extent that such laws and rules affect the title, operation, maintenance or use of the Equipment, and in the event that such laws or rules require any alteration, replacement or addition of or to any part on any Equipment, Obligor will conform therewith at its own expense. With respect to any Item of Equipment which qualifies for or is subject to any manufacturer's maintenance, repair or warranty policy, such maintenance or repair will be only performed in a manner consistent with such policy. Obligor agrees to prepare and deliver to Obligee and any Assignee within a reasonable time prior to the required date of filing (or, to the extent permissible, file on behalf of Obligee and any Assignee) any and all reports (other than income tax returns) to be filed by Obligee or any Assignee with any federal, national, state or other regulatory authority by reason of the ownership by Obligee or any Assignee of the Items of Equipment or the leasing thereof to Obligor. Obligor agrees to maintain all records, logs and other materials required by any Governmental Entity having jurisdiction over the Items of Equipment or Obligor, to be maintained in respect of each Item of Equipment. Obligor hereby waives any right now or hereafter conferred by law to make repairs on the Equipment at the expense of Obligee.

Maintenance and Repair of Equipment. Obligor agrees, at its own cost and expense, to keep, repair, maintain, service and preserve the Equipment in good repair, operating and serviceable condition and shall keep the Equipment in order and condition equal to or better than other equipment of the same type owned by Obligor, and in compliance with all requirements of law applicable to the maintenance and condition of the Equipment, including, without limitation, environmental, noise and pollution laws and regulations (including notifications and reports) of any legislative, executive, administrative or judicial body exercising any power or jurisdiction over the Equipment, to the extent that such laws and rules affect the title, operation, maintenance or use of the Equipment, and in the event that such laws or rules require any alteration, replacement or addition of or to any part on any Equipment, Obligor will conform therewith at its own expense. With respect to any Item of Equipment which qualifies for or is subject to any manufacturer's ’s maintenance, repair or warranty policy, such maintenance or repair will be only performed in a manner consistent with such policy. Obligor agrees to prepare and deliver to Corporate Obligee and any Assignee within a reasonable time prior to the required date of filing (or, to the extent permissible, file on behalf of Corporate Obligee and any Assignee) any and all reports (other than income tax returns) to be filed by Corporate Obligee or any Assignee with any federal, national, state or other regulatory authority Governmental Entity by reason of the ownership by Corporate Obligee or any Assignee of the Items of Equipment or the leasing thereof leasingthereof to Obligor. Obligor agrees to maintain all records, logs and other materials required by any Governmental Entity having jurisdiction havingjurisdiction over the Items of Equipment or Obligor, to be maintained in respect of each Item of Equipment. Obligor hereby waives any right now or hereafter conferred by law to make repairs on the Equipment at the expense of Corporate Obligee.

Maintenance and Repair of Equipment. Obligor agrees, at its own cost and expense, to keep, repair, maintain, service and preserve the Equipment in good repair, operating and serviceable condition and shall keep the Equipment in order and condition equal to or better than other equipment of the same type owned by Obligor, and in compliance in all material respects with all requirements of law applicable to the maintenance and condition of the Equipment, including, without limitation, environmental, noise and pollution laws and regulations (including notifications and reports) of any legislative, executive, administrative or judicial body exercising any power or jurisdiction over the Equipment, to the extent that such laws and rules affect the title, operation, maintenance or use of the Equipment, and in the event that such laws or rules require any alteration, replacement or addition of or to any part on any Equipment, Obligor will conform therewith at its own expense. With respect to any Item of Equipment which qualifies for or is subject to any manufacturer's ’s maintenance, repair or warranty policy, such maintenance or repair will be only performed in a manner consistent with such policy. Obligor agrees to prepare and deliver to Corporate Obligee and any Assignee within a reasonable time prior to the required date of filing (or, to the extent permissible, file on behalf of Corporate Obligee and any Assignee) any and all reports (other than income tax returns) to be filed by Corporate Obligee or any Assignee with any federal, national, state or other regulatory authority Governmental Entity by reason of the ownership by Corporate Obligee or any Assignee of the Items of Equipment or the leasing thereof to Obligor. Obligor agrees to maintain all records, logs and other materials required by any Governmental Entity having jurisdiction over the Items of Equipment or Obligor, to be maintained in respect of each Item of Equipment. Obligor hereby waives any right now or hereafter conferred by law to make repairs on the Equipment at the expense of Corporate Obligee.

Maintenance and Repair of Equipment. Obligor The Lessee agrees, at its own cost and expense, to keep, repair, maintain, service maintain and preserve the Equipment in good repair, operating and serviceable condition and shall keep the Equipment in order and condition equal to or better than other equipment of the same type owned by Obligoroperating condition, and in compliance with such maintenance and repair standards, ordinary wear and tear excepted, as set forth in the applicable AAR and FRA rules and regulations and as otherwise may be required to enforce warranty claims against each Manufacturer of each Item of Equipment, and except as otherwise permitted by Section 9 hereof but subject to Section 6 hereof) in compliance with all requirements of law applicable Applicable Laws relating to the maintenance and condition of the Equipment, including, without limitation, including environmental, noise and pollution laws and regulations (including notifications and reports) ), and suitable for interchange under the rules of the AAR, to the extent the Equipment was originally designed and approved and with all lawful rules of the DOT, the Surface Transportation Board and any other legislative, executive, administrative or judicial body exercising any power or jurisdiction over the Equipment, to the extent that such laws and rules affect the title, operation, maintenance or use of the Equipment, and in the event that such laws or rules require any alteration, replacement or addition of or to any part on any Equipment, Obligor Equipment the Lessee will conform therewith at its own expense. With respect to any Item of Equipment which qualifies for or is subject to any manufacturer's maintenance, repair or warranty policy, such maintenance or repair will be only performed in a manner consistent with such policy. Obligor The Lessee agrees to prepare and deliver to Obligee the Lessor and any Assignee within a reasonable time prior to the required date of filing (or, to the extent permissible, file on behalf of Obligee the Lessor and any Assignee) any and all reports (other than income and franchise tax returnsreturns and those required under banking and similar laws) to be filed by Obligee the Lessor or any Assignee with any federal, national, Federal or state or other regulatory authority by reason of the ownership by Obligee the Lessor or any Assignee of the Items of Equipment or the leasing thereof to Obligorthe Lessee. Obligor The Lessee agrees to maintain all records, logs and other materials required by the AAR or DOT, or any other Governmental Entity Authority having jurisdiction over the Items of Equipment or Obligorthe Lessee, to be maintained in respect of each Item of Equipment. Obligor The Lessee shall, at its own cost and expense, supply the necessary power and other items required in the operation of the Equipment. The Lessee hereby waives any right now or hereafter conferred by law to make repairs on the Equipment at the expense of Obligee.the Lessor. 17