Common use of Passenger Convenience Equipment Clause in Contracts

Passenger Convenience Equipment. Notwithstanding any other provision herein to the contrary, LESSEE may install or remove or permit to be installed or removed aboard the Aircraft, without the prior written consent of LESSOR, Passenger Convenience Equipment so long as the installation, use and removal of such Passenger Convenience Equipment does not impair the value, utility or airworthiness the Aircraft would have had at any time had the installation, use or removal not occurred. Without further action of LESSEE or LESSOR, title to such Passenger Convenience Equipment, upon installation, shall vest in LESSOR and shall become subject to this Lease, free of all liens, charges and encumbrances, provided, however, that so long as an Event of Default shall not have occurred and be continuing during the Term, LESSEE may, at any time prior to return of the Aircraft, remove such Passenger Convenience Equipment or component thereof, at which time title thereto shall, without further act, vest in LESSEE, and such Passenger Convenience Equipment or component thereof shall no longer be deemed part of the Aircraft from which it was removed. Notwithstanding the foregoing paragraph, if the Passenger Convenience Equipment is (i) owned by any third party and leased to LESSEE, (ii) sold to LESSEE subject to a conditional sales contract or other security interest, (iii) leased to LESSEE pursuant to a lease which is subject to a security interest in favor of any third party, or (iv) installed aboard the Aircraft subject to a license granted by LESSEE to a 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; (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.

Passenger Convenience Equipment. Notwithstanding any other provision herein to the contrary, LESSEE may install or remove or permit to be installed or removed aboard the Aircraft, without the prior written consent of LESSOR, Passenger Convenience Equipment so long as the installation, use and removal of such Passenger Convenience Equipment does not impair the value, utility or airworthiness the Aircraft would have had at any time had the installation, use or removal not occurred. Without further action of LESSEE or LESSOR, title to such Passenger Convenience Equipment, upon installation, shall vest in LESSOR and shall become subject to this Lease, free of all liens, charges and encumbrances, provided, however, that so long as an Event of Default shall not have occurred and be continuing during the Term, LESSEE may, at any time prior to return of the Aircraft, remove such Passenger Convenience Equipment or component thereof, at which time title thereto shall, without further act, vest in LESSEE, and such Passenger Convenience Equipment or component thereof shall no longer be deemed part of the Aircraft from which it was removed. Notwithstanding the foregoing paragraph, if the Passenger Convenience Equipment is (i) owned by any third party and leased to LESSEE, (ii) sold to LESSEE subject to a conditional sales contract or other security interest, (iii) leased to LESSEE pursuant to a lease which is subject to a security interest in favor of any third party, or (iv) installed aboard the Aircraft subject to a license granted by LESSEE to a Immediately upon third party, then LESSOR shall not acquire or claim, as against such LESSOR, conditional vendor, secured party or licensee, any replacement Parts becoming incorporated right, title or interest in any such Passenger Convenience Equipment as the result of such Passenger Convenience Equipment being installed in or attached the Aircraft; provided, however, that (x) LESSOR's agreement to the Aircraft as above providedforegoing is subject to the express condition that such lessor, conditional vendor, secured party or licensee agrees, in writing, not to claim any right, title or interest in the Aircraft, or any part thereof, by reason of such Passenger Convenience Equipment being installed thereon, and without further act: (1y) title that any Passenger Convenience Equipment not removed by LESSEE upon the earlier of the Expiration Date or the expiration of ninety (90) days after the declaration of this Lease to be in default and the removed Part shall vest in LESSEEcontinuation of such default, free and clear of all rights at such time, become the property of LESSOR; . Upon any removal of such Passenger Convenience Equipment, LESSEE shall repair the Aircraft so that such removal shall (2i) title to not adversely affect the replacement Parts shall vest in LESSOR, free and clear airworthiness of all rights of third parties, including, but not limited to, LESSEE; and (3) such replacement Parts shall become the equipment subject to this Lease and shall be deemed part such repairs, or (ii) reduce the aesthetic or functional standards of the Aircraft into which such Parts were incorporated or with respect to which such Parts were required, for all purposes hereof to below the same extent as standards of the Parts originally incorporated or installed in, or attached or related to such AircraftLESSOR.