Common use of Other Aircraft Clause in Contracts

Other Aircraft. An Engine or Part may be installed on an aircraft which Lessee owns or leases, which is insured to Lessor's reasonable satisfaction, if: (i) no Event of Default has occurred and is continuing; (ii) Lessee or a Permitted Sub-Lessee has operational control over the aircraft; (iii) Owner keeps the ownership of the Engine or Part concerned until replaced in accordance with Section 8.11(b); (iv) the Engine or Part does not become subject to a Security Interest and the applicable airframe is not subject to any Security Interest except a Permitted Lien or a lease or Security Interest described in Section 8.11(a) above; and (v) the Engine or Part is replaced in accordance with Section 8.11(b) and is removed from the aircraft as soon as practicable under Lessee's engine rotation program (in the case of an Engine) but not later than the Expiry Date;

Other Aircraft. An Engine or Part may be installed on an aircraft which Lessee owns or leases, which is insured to Lessor's reasonable satisfaction, leases if: (i) no Event of Default has occurred and is continuing; (ii) Lessee or a Permitted Sub-Lessee has operational control over the aircraft; (iii) Owner keeps the ownership of the Engine or Part concerned until replaced in accordance with Section Clause 8.11(b); (iv) the Engine or Part does not become subject to a Security Interest and the applicable airframe is not subject to any Security Interest except a Permitted Lien or a lease or Security Interest described in Section Clause 8.11(a) above; and; (v) the Engine or Part is replaced in accordance with Section Clause 8.11(b) and or is removed from the aircraft as soon as practicable under Lessee's ’s engine rotation program (in the case of an Engine) but not later than the Expiry Date;; and (vi) Insurance is maintained by Lessee in respect of such Engine or Part in accordance with the terms of the Lease.

Other Aircraft. An Engine or Part may be installed on an aircraft which Lessee owns or leases, which is insured to Lessor's reasonable satisfaction, leases if: (i) no Event of Default has occurred and is continuing; (ii) Lessee or a Permitted Sub-Lessee has operational control over the aircraft; (iii) Owner keeps the ownership of the Engine or Part concerned until replaced in accordance with Section 8.11(b); (iv) the Engine or Part does not become subject to a Security Interest and the applicable airframe is not subject to any Security Interest except a Permitted Lien or a lease or Security Interest described in Section 8.11(a) above; and (v) the Engine or Part is replaced in accordance with Section 8.11(b) and or is removed from the aircraft as soon as practicable under Lessee's engine rotation program (in the case of an Engine) but not later than the Expiry Date;.

Other Aircraft. An Engine or Part may be installed on an aircraft which Lessee owns or leases, which is insured to Lessor's reasonable satisfaction, leases if: : (i) no Event of Default has occurred and is continuing; ; (ii) Lessee or a Permitted Sub-Lessee has operational control over the aircraft; ; (iii) Owner keeps the ownership of the Engine or Part concerned until replaced in accordance with Section 8.11(b); ; -34- <PAGE> (iv) the Engine or Part does not become subject to a Security Interest and the applicable airframe is not subject to any Security Interest except a Permitted Lien or a lease or Security Interest described in Section 8.11(a) above; and and (vy) the Engine or Part is replaced in accordance with Section 8.11(b) and or is removed from the aircraft as soon as practicable under LesseeXxxxxx's engine rotation program (in the case of an Engine) but not later than the Expiry Date;.

Other Aircraft. An Engine or Part may be installed on an aircraft which Lessee owns or leases, which is insured to Lessor's reasonable satisfaction, leases if: (i) no Event of Default has occurred and is continuing; (ii) Lessee or a Permitted Sub-Lessee has operational control over the aircraft; (iii) Owner keeps the ownership of the Engine or Part concerned until replaced in accordance with Section 8.11(b); (iv) the Engine or Part does not become subject to a Security Interest and the applicable airframe is not subject to any Security Interest except a Permitted Lien or a lease or Security Interest described in Section 8.11(a8.11 (a) above; and (v) the Engine or Part is replaced in accordance with Section 8.11(b) and or is removed from the aircraft as soon as practicable under Lessee's engine rotation program (in the case of an Engine) but not later than the Expiry Date;.

Other Aircraft. An Engine or Part may be installed on an aircraft which Lessee owns or leases, which is insured to Lessor's reasonable satisfaction, leases if: (i) no Event of Default has occurred and is continuing; (ii) Lessee or a Permitted Sub-Lessee that is a Certified Air Carrier has operational control over the such aircraft; (iii) Owner keeps the ownership of the Engine or Part concerned until replaced replaced, if at all, in accordance with Section 8.11(b); (iv) the Engine or Part does not become subject to a Security Interest and the applicable airframe is not subject to any Security Interest except except, in each case, a Permitted Lien or a lease or Security Interest described in Section 8.11(a) above; and (v) the Engine or Part is replaced in accordance with Section 8.11(b) and is removed from the any such aircraft as soon as practicable under Lessee's engine rotation program (in the case of an Engine) but not later than the Expiry Date;