Pooling/Interchange Clause Samples
The Pooling/Interchange clause allows parties to combine or substitute resources, such as energy, commodities, or services, across different contracts or delivery points. In practice, this means that obligations or deliveries can be aggregated or swapped between various sources or locations, providing flexibility in how contractual requirements are met. The core function of this clause is to facilitate operational efficiency and adaptability, helping parties manage supply and demand fluctuations or logistical constraints more effectively.
Pooling/Interchange. Sublessee shall not subject any Engine to any pooling, interchange, lease or similar arrangement unless Sublessee obtains Sublessor’s prior written consent thereto, which consent shall not be unreasonably withheld.
Pooling/Interchange. Lessee shall not subject any Engine or Part to any pooling, interchange, lease or similar arrangement unless Lessee obtains Lessor’s prior written consent thereto, which consent shall not be unreasonably withheld.
Pooling/Interchange. Lessee shall not subject any Engine to any pooling, interchange, lease or similar arrangement unless Lessee obtains Lessor’s prior written consent thereof, which consent shall not be unreasonably withheld or delayed. Lessee may, without Lessor’s prior consent, subject Parts to a normal pooling arrangement customary in the airline industry and entered into in the ordinary course of Lessee’s business with a Certificated Air Carrier (“Qualified Part Pooling Arrangement”); provided, that (i) any Part removed in connection with such Qualified Part Pooling Arrangement shall be replaced in accordance with 8.11(b) (Permanent Replacement) above as promptly as practicable after the removal of such Part, but in no event later than thirty (30) days after removal, and (ii) notwithstanding 8.11(b)(iii) above, any replacement part installed on the Engine in connection with a Qualified Part Pooling Arrangement may at the time of installation be owned by a Certificated Air Carrier participating in such Qualified Part Pooling Arrangement; provided that Lessee, at its expense, as promptly thereafter as practicable but in no event later than thirty (30) days after installation, either (x) causes title to such replacement part to vest in Lessor in accordance with 8.11(b)(iii) above, or (y) removes such replacement part and installs another replacement part meeting the requirements of 8.11(b)(iii) above.
Pooling/Interchange. So long as no Default has occurred and is continuing Lessee may lease, let or hire or charter or otherwise part with possession of an Engine or Part (on terms conferring no more than a contractual right against Lessee but not rights against the Engine or Part) pursuant to pooling arrangements approved by Lessor to which Lessee is a party and which either:
(i) are arrangements involving responsible, solvent commercial air carriers or aircraft operators or the manufacturers or suppliers of the Aircraft, Engine or Part;
(ii) do not contemplate the transfer of title to the pooled Engine; and
(iii) provide that Lessor will be sole payee in respect of any loss or damage to the Engine or Part or provide for Owner, as owner, to acquire title to a substitute 07c043 CTA engine or part satisfying the conditions set out in Clauses 8.11(a) and (b) as applicable to Engines or Parts; or are otherwise acceptable to Lessor in its sole discretion.