Common use of Pooling of Parts; Temporary Replacement Parts Clause in Contracts

Pooling of Parts; Temporary Replacement Parts. Any Part removed from the Airframe or any Engine as provided in Section 8(a) hereof may be subjected by Lessee (or any Sublessee) to a normal pooling arrangement of the type permitted for Engines under Section 7(b)(i); provided that the part replacing such removed Part shall be incorporated or installed in or attached to such Airframe or Engine in accordance with Section 8(a) hereof as promptly as practicable after the removal of such removed Part. In addition, Lessee may use temporary parts or pooled parts on the Aircraft as temporary replacements for Parts; provided that Lessee as promptly thereafter as practicable, either causes such pooled or temporary replacement part to become the property of Lessor free and clear of all Liens other than Permitted Liens or replaces such replacement part with a further replacement part owned by Lessee which meets the requirements of Section 8(a) hereof and which shall become the property of Lessor, free and clear of all Liens other than Permitted Liens.

Appears in 3 contracts

Samples: Lease Agreement (Us Airways Inc), Lease Agreement (Us Airways Inc), Lease Agreement (Us Airways Inc)

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Pooling of Parts; Temporary Replacement Parts. Any Part removed from the any Airframe or any Engine as provided in Section 8(a) hereof may be subjected by the Lessee (or any Sublessee) to a normal pooling arrangement of the type which is permitted for Engines under Section 7(b)(i)by paragraph 7(c) hereof; provided that the part Part replacing such removed Part shall be incorporated or installed in or attached to such Airframe or such Engine in accordance with Section 8(a) hereof as promptly as practicable after the removal of such removed Part. In addition, the Lessee may use temporary parts or pooled parts on the an Aircraft as temporary replacements for Parts; , provided that the Lessee as promptly thereafter as practicable, either (1) causes such pooled or temporary replacement part to become subject to the property Lien of Lessor the Mortgage free and clear of all Liens other than Permitted Liens Liens, at which time such temporary replacement part shall become a Part or (2) replaces such replacement part with by incorporating or installing in or attaching to such Airframe or an Engine a further replacement part owned by the Lessee which meets the requirements of Section 8(a) hereof and which shall become subject to the property Lien of Lessorthe Mortgage, free and clear of all Liens other than Permitted Liens.

Appears in 2 contracts

Samples: Aircraft Lease Agreement (Virgin America Inc.), Aircraft Lease Agreement (Virgin America Inc.)

Pooling of Parts; Temporary Replacement Parts. Any Part removed from the Airframe or any Engine as provided in Section 8(a) 4.01 hereof may be subjected by Lessee (or any Sublessee) the Borrower to a normal pooling arrangement of the type which is permitted for Engines under by Section 7(b)(i)3.03(a) hereof; provided that the part replacing such removed Part shall be incorporated or installed in or attached to such the Airframe or Engine in accordance with Section 8(a) hereof 4.01 as promptly as practicable after the removal of such removed Part. In addition, Lessee the Borrower may use temporary parts or pooled parts on the Aircraft as temporary replacements for Parts; , provided that Lessee the Borrower as promptly thereafter as practicable, either (1) causes such pooled or temporary replacement part to become subject to the property Lien of Lessor this Mortgage free and clear of all Liens other than Permitted Liens or (2) replaces such replacement part with a further replacement part owned by Lessee the Borrower which meets the requirements of Section 8(a) hereof 4.01 and which shall become subject to the property Lien of Lessorthis Mortgage, free and clear of all Liens other than Permitted Liens.

Appears in 2 contracts

Samples: Mortgage and Security Agreement (Frontier Airlines Inc /Co/), Mortgage and Security Agreement (Frontier Airlines Inc /Co/)

Pooling of Parts; Temporary Replacement Parts. Any Part removed from the Airframe or any Engine as provided in Section 8(a) hereof may be subjected by the Lessee (or any Sublessee) to a normal pooling arrangement of the type which is permitted for Engines under Section 7(b)(i)by paragraph 7(c) hereof; provided that the part Part replacing such removed Part shall be incorporated or installed in or attached to such the Airframe or such Engine in accordance with Section 8(a) hereof as promptly as practicable after the removal of such removed Part. In addition, the Lessee may use temporary parts or pooled parts on the Aircraft as temporary replacements for Parts; , provided that the Lessee as promptly thereafter as practicable, either (1) causes such pooled or temporary replacement part to become subject to the property Lien of Lessor the Mortgage free and clear of all Liens other than Permitted Liens Liens, at which time such temporary replacement part shall become a Part or (2) replaces such replacement part with by incorporating or installing in or attaching to the Airframe or an Engine a further replacement part owned by the Lessee which meets the requirements of Section 8(a) hereof and which shall become subject to the property Lien of Lessorthe Mortgage, free and clear of all Liens other than Permitted Liens.

Appears in 1 contract

Samples: Aircraft Lease Agreement (Virgin America Inc.)

Pooling of Parts; Temporary Replacement Parts. Any Part removed from the Airframe or any Engine as provided in Section SECTION 8(a) hereof may be subjected by Lessee (or any Sublessee) Permitted Sublessee to a normal pooling arrangement of the type permitted for Engines under Section SECTION 7(b)(i); provided that the part replacing such removed Part shall be incorporated or installed in or attached to such Airframe or Engine in accordance with Section SECTION 8(a) hereof as promptly as practicable after the removal of such removed Part. In addition, Lessee or any Permitted Sublessee, may use temporary parts or pooled parts on the Aircraft as temporary replacements for Parts; provided PROVIDED that Lessee as promptly thereafter as practicable, either causes such pooled or temporary replacement part to become the property of Lessor free and clear of all Liens other than Permitted Liens or replaces such replacement part with a further replacement part owned by Lessee which meets the requirements of Section SECTION 8(a) hereof and which shall become the property of Lessor, free and clear of all Liens other than Permitted Liens.

Appears in 1 contract

Samples: Lease Agreement (Atlas Air Worldwide Holdings Inc)

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Pooling of Parts; Temporary Replacement Parts. Any Part removed from the Airframe or any Engine as provided in Section SECTION 8(a) hereof may be subjected by Lessee (Sublessee or any Sublessee) Sub-sublessee to a normal pooling arrangement of the type permitted for Engines under Section SECTION 7(b)(i); provided PROVIDED that the part replacing such removed Part shall be incorporated or installed in or attached to such Airframe or Engine in accordance with Section SECTION 8(a) hereof as promptly as practicable after the removal of such removed Part. In addition, Lessee Sublessee or any Sub-sublessee, may use temporary parts or pooled parts on the Aircraft as temporary replacements for Parts; provided PROVIDED that Lessee Sublessee as promptly thereafter as practicable, either causes such pooled or temporary replacement part to become the property of Head Lessor free and clear of all Liens other than Permitted Liens or replaces such replacement part with a further replacement part owned by Lessee Sublessee which meets the requirements of Section SECTION 8(a) hereof and which shall become the property of Head Lessor, free and clear of all Liens other than Permitted Liens.

Appears in 1 contract

Samples: Sublease Agreement (Atlas Air Worldwide Holdings Inc)

Pooling of Parts; Temporary Replacement Parts. Any Part removed from the Airframe or any Engine as provided in Section SECTION 8(a) hereof may be subjected by Lessee (or any Sublessee) Permitted Sublessee to a normal pooling arrangement of the type permitted for Engines under Section SECTION 7(b)(i); provided PROVIDED that the part replacing such removed Part shall be incorporated or installed in or attached to such Airframe or Engine in accordance with Section SECTION 8(a) hereof as promptly as practicable after the removal of such removed Part. In addition, Lessee or any Permitted Sublessee, may use temporary parts or pooled parts on the Aircraft as temporary replacements for Parts; provided PROVIDED that Lessee as promptly thereafter as practicable, either causes such pooled or temporary replacement part to become the property of Lessor free and clear of all Liens other than Permitted Liens or replaces such replacement part with a further replacement part owned by Lessee which meets the requirements of Section SECTION 8(a) hereof and which shall become the property of Lessor, free and clear of all Liens other than Permitted Liens.

Appears in 1 contract

Samples: Lease Agreement (Atlas Air Worldwide Holdings Inc)

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