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

Pooling of Parts; Temporary Replacement Parts. Any Part removed from any Airframe or any Engine as provided in --------------------------------------------- Section 4.01 hereof may be subjected by the Borrower to a pooling arrangement of the type which is permitted for Engines by Section 3.03(a) hereof; 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 4.01 as promptly as practicable after the removal of such removed Part. In addition, the Borrower may use temporary parts or pooled parts on an Aircraft as temporary replacements for Parts, provided that the Borrower as promptly thereafter as practicable, either (1) causes such pooled or temporary replacement part to become subject to the Lien of 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 the Borrower which meets the requirements of Section 4.01 and which shall become subject to the Lien of this Mortgage, free and clear of all Liens other than Permitted Liens.

Pooling of Parts; Temporary Replacement Parts. Any Part removed from any the Airframe or any Engine as provided in --------------------------------------------- Section 4.01 hereof may be subjected by the Borrower to a pooling arrangement of the type which is permitted for Engines by Section 3.03(a3.03(a)(1) hereof; provided 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 4.01 as promptly as practicable after the removal of such removed Part. In addition, the Borrower may use temporary parts or pooled parts on an the Aircraft as temporary replacements for Parts, provided that the Borrower at its expense, as promptly thereafter as practicable, either (1) causes such pooled or temporary replacement part Part to become subject to the Lien property of this Mortgage the Borrower free and clear of all Liens other than Permitted Liens or (2) replaces such replacement part Part with a further replacement part owned by the Borrower which meets the requirements of Section 4.01 and which shall become subject to the Lien of this Mortgage4.01, free and clear of all Liens other than Permitted Liens.

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

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