Common use of Parts Incapable of Transfer Clause in Contracts

Parts Incapable of Transfer. If any replacement Part is incapable of becoming the property of Owner Trustee free of all Security Interests (other than Permitted Liens) as required by Clause 16 the part which it has replaced shall, unless Sublessor shall otherwise agree in writing, be kept and maintained by the Sublessee or any sub-sublessee, as the case may be, until the Expiry Date and be placed on the Aircraft in good working order before the Aircraft is redelivered to the Sublessor on the Expiry Date.

Parts Incapable of Transfer. If any replacement Part is incapable of becoming the property of Owner Trustee free of all Security Interests (other than Permitted Liens) as required by Clause 16 the part which it has replaced shall, unless Sublessor Lessor shall otherwise agree in writing, be kept and maintained by the Sublessee Lessee or any sub-sublessee, as the case may be, until the Expiry Date and be placed on the Aircraft in good working order before the Aircraft is redelivered to the Sublessor Lessor on the Expiry Date.