Pooling of Parts. Any Part removed from the Airframe or any Engine as provided in paragraph (a) of this Section 8 may be subjected by Lessee (or any Sublessee) to a normal pooling arrangement customary in the airline industry of which Lessee (or, if a Sublease is then in effect, any Sublessee) is a party entered into in the ordinary course of Lessee's (or any Sublessee's) business; provided that the Part replacing such removed Part shall be incorporated or installed in or attached to such Airframe or Engine in accordance with such paragraph (a) as promptly as practicable after the removal of such removed Part. In addition, any replacement Part when incorporated or installed in or attached to the Airframe or any Engine in accordance with such paragraph (a) may be owned by any third party subject to such a normal pooling arrangement, provided that Lessee (or any Sublessee), at its expense, as promptly thereafter as practicable, either (i) causes title to such replacement Part to vest in Lessor in accordance with such paragraph (a) by Lessee (or any Sublessee) acquiring title thereto for the benefit of, and transferring such title to, Lessor free and clear of all Liens except Permitted Liens (other than pooling arrangements) or (ii) replaces such replacement Part by incorporating or installing in or attaching to the Airframe or Engine a further replacement Part owned by Lessee (or any Sublessee) free and clear of all Liens except Permitted Liens (other than pooling arrangements) and by causing title to such further replacement Part to vest in Lessor in accordance with such paragraph (a).
Appears in 19 contracts
Samples: Lease Agreement (Northwest Airlines Corp), Lease Agreement (Northwest Airlines Inc /Mn), Lease Agreement (Northwest Airlines Holdings Corp/Pred)
Pooling of Parts. Any Part removed from the Airframe or any Engine as provided in paragraph (a) of this Section 8 7.03 may be subjected by Lessee the Owner (or any SublesseeLessee) to a normal pooling arrangement customary in the airline industry of which Lessee the Owner (or, if a Sublease Lease is then in effect, any SublesseeLessee) is a party entered into in the ordinary course of Lesseethe Owner's (or any SublesseeLessee's) business; provided that the Part replacing such removed Part shall be incorporated or installed in or attached to such Airframe or Engine in accordance with such paragraph (a) as promptly as practicable after the removal of such removed Part. In addition, any replacement Part when incorporated or installed in or attached to the Airframe or any Engine in accordance with such paragraph (a) may be owned by any third party subject to such a normal pooling arrangement, provided that Lessee the Owner (or any SublesseeLessee), at its expense, as promptly thereafter as practicable, either (i) causes title to such replacement Part to vest in Lessor in accordance with such paragraph (a) by Lessee (or any Sublessee) acquiring title thereto for become subject to the benefit of, and transferring such title to, Lessor Lien of this Trust Indenture free and clear of all Liens except Permitted Liens (other than pooling arrangements) ), at which time such temporary replacement Part shall become a Part or (ii) replaces such replacement Part by incorporating or installing in or attaching to the Airframe or Engine a further replacement Part owned by Lessee (or any Sublessee) which is subject to the Lien of this Trust Indenture, free and clear of all Liens except Permitted Liens (other than pooling arrangements) and by causing title to such further replacement Part to vest in Lessor in accordance with such paragraph (a).
Appears in 8 contracts
Samples: Trust Indenture and Security Agreement (Northwest Airlines Inc /Mn), Trust Indenture and Security Agreement (Northwest Airlines Inc /Mn), Trust Indenture and Security Agreement (Northwest Airlines Corp)
Pooling of Parts. Any Part removed from the Airframe or any Engine as provided in paragraph (a) of this Section 8 may be subjected by Lessee (or any Sublessee) to a normal pooling arrangement customary in the airline industry of which Lessee (or, if a Sublease is then in effect, any Sublessee) is a party entered into in the ordinary course of Lessee's (or any Sublessee's) business; 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 such paragraph (a) as promptly as practicable after the removal of such removed Part. In addition, any replacement Part when incorporated or installed in or attached to the Airframe or any Engine in accordance with such paragraph (a) may be owned by any third party subject to such a normal pooling arrangement, provided PROVIDED that Lessee (or any Sublessee), at its expense, as promptly thereafter as practicable, either (i) causes title to such replacement Part to vest in Lessor in accordance with such paragraph (a) by Lessee (or any Sublessee) acquiring title thereto for the benefit of, and transferring such title to, Lessor free and clear of all Liens except Permitted Liens (other than pooling arrangements) or (ii) replaces such replacement Part by incorporating or installing in or attaching to the Airframe or Engine a further replacement Part owned by Lessee (or any Sublessee) free and clear of all Liens except Permitted Liens (other than pooling arrangements) and by causing title to such further replacement Part to vest in Lessor in accordance with such paragraph (a).
Appears in 2 contracts
Samples: Lease Agreement (Northwest Airlines Corp), Participation Agreement (Northwest Airlines Corp)
Pooling of Parts. Any Only after receiving Lessor’s written consent thereto, which shall not be unreasonably withheld, any Part removed from the Airframe or any Engine as provided in paragraph (a) of this Section 8 may be subjected by Lessee (or any Sublessee) to a normal pooling arrangement customary in the airline industry of which Lessee (or, if a Sublease is then in effect, any Sublessee) is a party entered into in the ordinary course of Lessee's (or any Sublessee's) ’s business; provided that the Part replacing such removed Part shall be incorporated or installed in or attached to such Airframe or the Engine in accordance with such paragraph (a) as promptly as practicable after the removal of such removed Part. In addition, only after receiving Lessor’s written consent thereto, which shall not be unreasonably withheld, any replacement Part when incorporated or installed in or attached to the Airframe or any Engine in accordance with such paragraph (a) may be owned by any third party subject to such a normal pooling arrangement, provided that Lessee (or any Sublessee)Lessee, at its expense, as promptly thereafter as practicable, either (i) causes title to such replacement Part to vest in Lessor the Owner in accordance with such paragraph (a) by Lessee (or any Sublessee) acquiring title thereto for the benefit of, and transferring such title to, Lessor the Owner free and clear of all Liens except Permitted Liens (other than pooling arrangements) ), at which time such temporary replacement part shall become a Part or (ii) replaces such replacement Part by incorporating or installing in or attaching to the Airframe or Engine a further replacement Part owned by Lessee (or any Sublessee) free and clear of all Liens except Permitted Liens (other than permitted pooling arrangements) and by causing title to such further replacement Part to vest in Lessor the Owner in accordance with such paragraph (a).
Appears in 1 contract
Pooling of Parts. Any Only after receiving Lessor’s written consent thereto, which may be granted or withheld in its sole discretion, any Part removed from the Airframe or any Engine as provided in paragraph (a) of this Section 8 may be subjected by Lessee (or any Sublessee) to a normal pooling arrangement customary in the airline industry of which Lessee (or, if a Sublease is then in effect, any Sublessee) is a party entered into in the ordinary course of Lessee's (or any Sublessee's) ’s business; provided that the Part replacing such removed Part shall be incorporated or installed in or attached to such Airframe or the Engine in accordance with such paragraph (a) as promptly as practicable after the removal of such removed Part. In addition, only after receiving Lessor’s written consent thereto, which may be granted or withheld in its sole discretion, any replacement Part when incorporated or installed in or attached to the Airframe or any Engine in accordance with such paragraph (a) may be owned by any third party subject to such a normal pooling arrangement, provided that Lessee (or any Sublessee)Lessee, at its expense, as promptly thereafter as practicable, either (i) causes title to such replacement Part to vest in Lessor the Owner in accordance with such paragraph (a) by Lessee (or any Sublessee) acquiring title thereto for the benefit of, and transferring such title to, Lessor the Owner free and clear of all Liens except Permitted Liens (other than pooling arrangements) ), at which time such temporary replacement part shall become a Part or (ii) replaces such replacement Part by incorporating or installing in or attaching to the Airframe or Engine a further replacement Part owned by Lessee (or any Sublessee) free and clear of all Liens except Permitted Liens (other than permitted pooling arrangements) and by causing title to such further replacement Part to vest in Lessor the Owner in accordance with such paragraph (a).
Appears in 1 contract
Pooling of Parts. Any Part removed from the Airframe or any Engine as provided in paragraph (a) of this Section 8 7.03 may be subjected by Lessee the Owner (or any SublesseeLessee) to a normal pooling arrangement customary in the airline industry of which Lessee the Owner (or, if a Sublease Lease is then in effect, any SublesseeLessee) is a party entered into in the ordinary course of Lesseethe Owner's (or any SublesseeLessee's) business; 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 such paragraph (a) as promptly as practicable after the removal of such removed Part. In addition, any replacement Part when incorporated or installed in or attached to the Airframe or any Engine in accordance with such paragraph (a) may be owned by any third party subject to such a normal pooling arrangement, provided PROVIDED that Lessee the Owner (or any SublesseeLessee), at its expense, as promptly thereafter as practicable, either (i) causes title to such replacement Part to vest in Lessor in accordance with such paragraph (a) by Lessee (or any Sublessee) acquiring title thereto for become subject to the benefit of, and transferring such title to, Lessor Lien of this Trust Indenture free and clear of all Liens except Permitted Liens (other than pooling arrangements) ), at which time such temporary replacement Part shall become a Part or (ii) replaces such replacement Part by incorporating or installing in or attaching to the Airframe or Engine a further replacement Part owned by Lessee (or any Sublessee) which is subject to the Lien of this Trust Indenture, free and clear of all Liens except Permitted Liens (other than pooling arrangements) and by causing title to such further replacement Part to vest in Lessor in accordance with such paragraph (a).
Appears in 1 contract
Samples: Trust Indenture and Security Agreement (Northwest Airlines Corp)
Pooling of Parts. Any Only after receiving Sublessor’s written consent thereto, which may be granted or withheld in its sole discretion, any Part removed from the Airframe or any Engine as provided in paragraph (a) of this Section 8 may be subjected by Lessee (or any Sublessee) Sublessee to a normal pooling arrangement customary in the airline industry of which Lessee (or, if a Sublease is then in effect, any Sublessee) Sublessee is a party entered into in the ordinary course of Lessee's (or any Sublessee's) ’s business; provided that the Part replacing such removed Part shall be incorporated or installed in or attached to such Airframe or Engine in accordance with such paragraph (a) as promptly as practicable after the removal of such removed Part. In addition, only after receiving Sublessor’s written consent thereto, which may be granted or withheld in its sole discretion, any replacement Part when incorporated or installed in or attached to the Airframe or any Engine in accordance with such paragraph (a) may be owned by any third party subject to such a normal pooling arrangement, provided that Lessee (or any Sublessee), at its expense, as promptly thereafter as practicable, either (i) causes title to such replacement Part to vest in Lessor the Owner in accordance with such paragraph (a) by Lessee (or any Sublessee) Sublessee acquiring title thereto for the benefit of, and transferring such title to, Lessor the Owner free and clear of all Liens except Permitted Liens (other than pooling arrangements) ), at which time such temporary replacement part shall become a Part or (ii) replaces such replacement Part by incorporating or installing in or attaching to the Airframe or Engine a further replacement Part owned by Lessee (or any Sublessee) Sublessee free and clear of all Liens except Permitted Liens (other than permitted pooling arrangements) and by causing title to such further replacement Part to vest in Lessor the Owner in accordance with such paragraph (a).
Appears in 1 contract
Pooling of Parts. Any Part removed from the Airframe or any an Engine as provided in paragraph subsection (a) of this Section 8 may be subjected by Lessee (or any Sublessee) a Person permitted hereunder to be in possession of the Aircraft to a normal pooling arrangement customary in the airline industry of which Lessee (or, if a Sublease is then in effect, any Sublessee) is a party entered into in the ordinary course of Lessee's (’s or any Sublessee's) such other Person’s business; provided that the Part a part replacing such removed Part shall be incorporated or installed in or attached to such the Airframe or such Engine in accordance with such paragraph subsection (a) as promptly as practicable after the removal of such removed Part, but in any case before the last day of the Term. In addition, any replacement Part when incorporated or installed in or attached to the Airframe or any an Engine in accordance with such paragraph subsection (a) may be owned by any a third party subject to such a normal pooling arrangement, ; provided that Lessee (or any Sublessee)Lessee, at its expense, as promptly thereafter as practicable, either (i) causes title to such replacement Part to vest in Lessor in accordance with such paragraph subsection (a) by Lessee (or any Sublesseesuch Person) acquiring title thereto for the benefit of, and transferring such title to, Lessor free and clear of all Liens except Permitted Liens (other than pooling arrangementsPermitted Liens) or (ii) replaces or causes to be replaced such replacement Part by incorporating or installing in or attaching to the Airframe or CT1001520_LA1_AAL_A320Family_EXECUTION LA1 - Lease Agreement such Engine a further replacement Part owned by Lessee (or any Sublesseesuch Person) free and clear of all Liens except Permitted Liens (other than pooling arrangementsPermitted Liens) and otherwise satisfying the requirements of subsection (a) above, and by causing title to such further replacement Part to vest in Lessor in accordance with such paragraph subsection (a).
Appears in 1 contract
Pooling of Parts. Any Part removed from the Airframe or any Engine as provided in paragraph (a) of this Section 8 7.03 may be subjected by Lessee the Owner (or any SublesseeLessee) to a normal pooling arrangement customary in the airline industry of which Lessee the Owner (or, if a Sublease Lease is then in effect, any SublesseeLessee) is a party entered into in the ordinary course of Lessee's the Owner’s (or any Sublessee'sLessee’s) business; provided that the Part replacing such removed Part shall be incorporated or installed in or attached to such Airframe or Engine in accordance with such paragraph (a) as promptly as practicable after the removal of such removed Part. In addition, any replacement Part when incorporated or installed in or attached to the Airframe or any Engine in accordance with such paragraph (a) may be owned by any third party subject to such a normal pooling arrangement, provided that Lessee the Owner (or any SublesseeLessee), at its expense, as promptly thereafter as practicable, either (i) causes title to such replacement Part to vest in Lessor in accordance with such paragraph (a) by Lessee (or any Sublessee) acquiring title thereto for become subject to the benefit of, and transferring such title to, Lessor Lien of this Trust Indenture free and clear of all Liens except Permitted Liens (other than pooling arrangements) ), at which time such temporary replacement Part shall become a Part or (ii) replaces such replacement Part by incorporating or installing in or attaching to the Airframe or Engine a further replacement Part owned by Lessee (or any Sublessee) which is subject to the Lien of this Trust Indenture, free and clear of all Liens except Permitted Liens (other than pooling arrangements) and by causing title to such further replacement Part to vest in Lessor in accordance with such paragraph (a).
Appears in 1 contract
Samples: Trust Indenture and Security Agreement (Northwest Airlines Corp)