Common use of Maintenance Reports and Records Clause in Contracts

Maintenance Reports and Records. During the Term, LESSEE shall: (a) provide maintenance information and reporting requirements to LESSOR and any other party so designated by LESSOR including but not limited to: (i) written notification at the end of each calendar quarter with respect to the issuance during such calendar quarter of any airworthiness directive or service bulletin, and written notification, as promptly as possible, of any legal requirement materially affecting the use, operation or maintenance of the Aircraft, Airframe, Engines or Parts; (ii) quarterly written projections of scheduled Airframe, Engine, landing gear and APU heavy maintenance; (iii) prompt written notification of damage to the Aircraft, Airframe, Engines or Parts where the estimated cost of repair is in excess of $500,000 in the aggregate; (iv) promptly upon the request of LESSOR, written notification of Engine removals, exchanges or foreign object damage (said report to include details of circumstances and plan of action to repair); (v) reports of Flight Hours and Cycles on a monthly basis; (vi) promptly upon the request of LESSOR, a report of all service bulletins completed; and (vii) promptly upon the request of LESSOR, copies of all material reports sent to the Air Authority or any other Governmental Entity concerning the Aircraft. (b) LESSEE will, during the Base Term, maintain all records, logs and other materials required to be maintained with respect to the Aircraft by Persons in operational control of the Aircraft under any applicable rules, Laws or regulations and shall supply all such records, logs and other materials to LESSOR or third parties, as reasonably requested, as shall be necessary in order to implement the Maintenance Program and any and all warranties and guarantees that apply to the Aircraft. LESSEE will provide LESSOR with copies of all records of maintenance performed during the Base Term as requested by LESSOR. All such records shall be kept as required under the rules and regulations of the Air Authority and shall be maintained in English. SECTION 8 REPLACEMENT OF PARTS: ALTERATIONS, MODIFICATIONS AND ADDITIONS (A) REPLACEMENT OF PARTS. Except as otherwise provided herein, LESSEE, at its own cost and expense, shall promptly replace all Parts which may, from time to time, be incorporated or installed in, or attached to, the Aircraft, the Airframe or any Engine and be an accession thereto, and which may, from time to time, become lost, stolen, seized, confiscated or unserviceable. In addition, in the ordinary course of maintenance, service, repair, overhaul or testing, LESSEE may remove any Parts, provided that LESSEE shall replace such Parts as promptly as may be practicable. All replacement Parts shall be free and clear of all Liens, except Permitted Liens, shall meet all requirements of the Air Authority, and shall be in as good operating condition as, and have a value and utility at least equal to, the Parts replaced, assuming such replaced Parts were maintained in the condition required pursuant to the requirements of this Lease. All Parts owned by LESSOR at any time removed from the Aircraft shall remain the property of LESSOR, no matter where located, until such time as such Parts shall be replaced by Parts which have been incorporated or installed in, or attached to, such Aircraft and which meet the requirements for replacement Parts specified above. Immediately upon any replacement Parts becoming incorporated or installed in or attached to the Aircraft as above provided, and without further act: (1) title to the removed Part shall vest in LESSEE, free and clear of all rights of LESSOR and LESSOR Liens; (2) title to the replacement Parts shall vest in LESSOR, free and clear of all rights of third parties, including, but not limited to, LESSEE; and (3) such replacement Parts shall become subject to this Lease and shall be deemed part of the Aircraft into which such Parts were incorporated or with respect to which such Parts were required, for all purposes hereof to the same extent as the Parts originally incorporated or installed in, or attached or related to such Aircraft.

Maintenance Reports and Records. During the Term, LESSEE shall: (a) provide maintenance information and reporting requirements to LESSOR and any other party so designated by LESSOR including but not limited to: (i) written notification at the end of each calendar quarter with respect to the issuance during such calendar quarter of any airworthiness directive or service bulletin, and written notification, as promptly as possible, of any legal requirement materially affecting the use, operation or maintenance of the Aircraft, Airframe, Engines or Parts; (ii) quarterly written projections of scheduled Airframe, Engine, landing gear and APU heavy maintenance; (iii) prompt written notification of damage to the Aircraft, Airframe, Engines or Parts where the estimated cost of repair is in excess of $500,000 in the aggregate; (iv) promptly upon the request of LESSOR, written notification of Engine removals, exchanges or foreign object damage (said report to include details of circumstances and plan of action to repair); (v) reports of Flight Hours and Cycles on a monthly basis; (vi) promptly upon the request of LESSOR, a report of all service bulletins completed; and (vii) promptly upon the request of LESSOR, copies of all material reports sent to the Air Authority or any other Governmental Entity concerning the Aircraft. (b) LESSEE will, during the Base Term, maintain all records, logs and other materials required to be maintained with respect to the Aircraft by Persons in operational control of the Aircraft under any applicable rules, Laws or regulations and shall supply all such records, logs and other materials to LESSOR or third parties, as reasonably requested, as shall be necessary in order to implement the Maintenance Program and any and all warranties and guarantees that apply to the Aircraft. LESSEE will provide LESSOR with copies of all records of maintenance performed during the Base Term as requested by LESSOR. All such records shall be kept as required under the rules and regulations of the Air Authority and shall be maintained in English. SECTION 8 REPLACEMENT OF PARTS: ALTERATIONS, MODIFICATIONS AND ADDITIONS (A) REPLACEMENT OF PARTS. Except as otherwise provided herein, LESSEE, at its own cost and expense, shall promptly replace all Parts which may, from time to time, be incorporated or installed in, or attached to, the Aircraft, the Airframe or any Engine and be an accession thereto, and which may, from time to time, become lost, stolen, seized, confiscated or unserviceable. In addition, in the ordinary course of maintenance, service, repair, overhaul or testing, LESSEE may remove any Parts, provided that LESSEE shall replace such Parts as promptly as may be practicable. All replacement Parts shall be free and clear of all Liens, except Permitted Liens, shall meet all requirements of the Air Authority, and shall be in as good operating condition as, and have a value and utility at least equal to, the Parts replaced, assuming such replaced Parts were maintained in the condition required pursuant to the requirements of this Lease. All Parts owned by LESSOR at any time removed from the Aircraft shall remain the property of LESSOR, no matter where located, until such time as such Parts shall be replaced by Parts which have been incorporated or installed in, or attached to, such Aircraft and which meet the requirements for replacement Parts specified above. Immediately upon any replacement Parts becoming incorporated or installed in or attached to the Aircraft as above provided, and without further act: (1) title to the removed Part shall vest in LESSEE, free and clear of all rights of LESSOR and LESSOR Liens; (2) title to the replacement Parts shall vest in LESSOR, free and clear of all rights of third parties, including, but not limited to, LESSEE; and (3) such replacement Parts shall become subject to this Lease and shall be deemed part of the Aircraft into which such Parts were incorporated or with respect to which such Parts were required, for all purposes hereof to the same extent as the Parts originally incorporated or installed in, or attached or related to such Aircraft.

Maintenance Reports and Records. During the Term, LESSEE shall: (a) provide maintenance information and reporting requirements to LESSOR and any other party so designated by LESSOR including but not limited to: (i) written notification at the end of each calendar quarter with respect to the issuance during such calendar quarter of any airworthiness directive or service bulletin, and written notification, as promptly as possible, of any legal requirement materially affecting the use, operation or maintenance of the Aircraft, Airframe, Engines or Parts; (ii) quarterly written projections of scheduled Airframe, Engine, landing gear and APU heavy maintenance; (iii) prompt written notification of damage to the Aircraft, Airframe, Engines or Parts where the estimated cost of repair is in excess of $500,000 in the aggregate500,000; (iv) promptly upon the request of LESSOR, written notification of Engine removals, exchanges or foreign object damage (said report to include details of circumstances and plan of action to repair); (v) reports of Flight Hours and Cycles on a monthly basis; (vi) promptly upon the request of LESSOR, a report of all service bulletins completed; and (vii) promptly upon the request of LESSOR, copies of all material reports sent to the Air Authority or any other Governmental Entity concerning the Aircraft. (b) LESSEE will, during the Base Term, maintain all records, logs and other materials required to be maintained with respect to the Aircraft by Persons in operational control of the Aircraft under any applicable rules, Laws or regulations and shall supply all such records, logs and other materials to LESSOR or third parties, as reasonably requested, as shall be necessary in order to implement the Maintenance Program and any and all warranties and guarantees that apply to the Aircraft. LESSEE will provide LESSOR with copies of all records of maintenance performed during the Base Term as requested by LESSOR. All such records shall be kept as required under the rules and regulations of the Air Authority and shall be maintained in English. SECTION 8 REPLACEMENT OF PARTS: ALTERATIONS, MODIFICATIONS AND ADDITIONS (A) REPLACEMENT OF PARTS. Except as otherwise provided herein, LESSEE, at its own cost and expense, shall promptly replace all Parts which may, from time to time, be incorporated or installed in, or attached to, the Aircraft, the Airframe or any Engine and be an accession thereto, and which may, from time to time, become lost, stolen, seized, confiscated or unserviceable. In addition, in the ordinary course of maintenance, service, repair, overhaul or testing, LESSEE may remove any Parts, provided that LESSEE shall replace such Parts as promptly as may be practicable. All replacement Parts shall be free and clear of all Liens, except Permitted Liens, shall meet all requirements of the Air Authority, and shall be in as good operating condition as, and have a value and utility at least equal to, the Parts replaced, assuming such replaced Parts were maintained in the condition required pursuant to the requirements of this Lease. All Parts owned by LESSOR at any time removed from the Aircraft shall remain the property of LESSOR, no matter where located, until such time as such Parts shall be replaced by Parts which have been incorporated or installed in, or attached to, such Aircraft and which meet the requirements for replacement Parts specified above. Immediately upon any replacement Parts becoming incorporated or installed in or attached to the Aircraft as above provided, and without further act: (1) title to the removed Part shall vest in LESSEE, free and clear of all rights of LESSOR and LESSOR Liens; (2) title to the replacement Parts shall vest in LESSOR, free and clear of all rights of third parties, including, but not limited to, LESSEE; and (3) such replacement Parts shall become subject to this Lease and shall be deemed part of the Aircraft into which such Parts were incorporated or with respect to which such Parts were required, for all purposes hereof to the same extent as the Parts originally incorporated or installed in, or attached or related to such Aircraft.