Common use of Pooling of Parts Clause in Contracts

Pooling of Parts. Any Part removed from the Aircraft may be subjected by Lessee or a Permitted Sublessee to a normal pooling arrangement customary in the airline industry and entered into in the ordinary course of business of Lessee or such Permitted Sublessee, so long as a Part replacing such removed Part shall be incorporated or installed in or attached to the Aircraft in accordance with ss. B of this Annex C 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 Aircraft may be owned by any third party subject to such a normal pooling arrangement, so long as Lessee or Permitted Sublessee, as promptly thereafter as reasonably possible, either (1) causes title to such replacement Part to vest in Lessor in accordance with ss. B of this Annex C, free and clear of all Liens (except Permitted Liens), or (2) replaces (or causes to be replaced) such replacement Part by incorporating or installing in or attaching to the Aircraft a further replacement Part owned by Lessee or a Permitted Sublessee free and clear of all Liens (except Permitted Liens) and by causing title to such further replacement Part to vest in Lessor in accordance with ss. B of this Annex C.

Pooling of Parts. Any Part removed from the Aircraft Aircraft, Airframe or any Engine as provided in Section 8.2 may be subjected by Lessee (or a Permitted Sublessee Sublessee) to a normal pooling arrangement customary in the airline industry and entered into in the ordinary course of business of Lessee or such Permitted Sublessee, so long as a Part part replacing such removed Part shall be incorporated in the Aircraft, Airframe or installed in or attached to the Aircraft such Engine in accordance with ss. B of this Annex C Section 8.2 as promptly as practicable after the removal of such removed Part. In addition, any replacement Part part when incorporated in the Aircraft, Airframe or installed any Engine in or attached to the Aircraft accordance with Section 8.2 may be owned by any third party subject to such a normal pooling arrangement, so long as Lessee (or any Permitted Sublessee), at its own cost and expense, as promptly thereafter as reasonably possible, practicable either (1i) causes title to such replacement Part part to vest in Lessor in accordance with ss. B of this Annex CSection 8.2 by Lessee (or any Permitted Sublessee) acquiring title thereto for the benefit of, and transferring such title to, Lessor free and clear of all Liens (except Permitted Liens), or (2ii) replaces (or causes to be replaced) such replacement Part part by incorporating in the Aircraft, Airframe or installing in or attaching to the Aircraft such Engine a further replacement Part part owned by Lessee (or a any Permitted Sublessee Sublessee) free and clear of all Liens (except Permitted Liens) and by causing title to such further replacement Part part to vest in Lessor in accordance with ss. B of this Annex C.Section 8.2.

Pooling of Parts. Any Part removed from the Aircraft as provided in Section 7 may be subjected by Lessee to normal interchange or a Permitted Sublessee to a normal pooling arrangement agreements or arrangements customary in the airline industry and entered into by Lessee with other licensed air carriers or aviation parts suppliers in the ordinary course of business of Lessee or such Permitted Sublessee, so long as a Part its business; PROVIDED that the part replacing such removed Part shall be incorporated or installed in or attached to the Aircraft in accordance with ss. B of this Annex C as Section 7 promptly as practicable after upon the removal of such removed Part. In addition, any replacement Part part, when incorporated or installed in or attached to the Aircraft in accordance with Section 7, may be owned by any third party another such air carrier or aviation parts supplier subject to such a normal pooling arrangement; PROVIDED, FURTHER, that the Part so long as Lessee or Permitted Sublesseeremoved remains the property of Lessor and subject to this Agreement and that Lessee, as at its expense, promptly thereafter as reasonably possible, either (1i) causes title to such replacement Part part to vest in Lessor in accordance with ss. B of this Annex C, free and clear of all Liens (except other than Permitted Liens), in accordance with Section 7.4 hereof, or (2ii) replaces (or causes to be replaced) such replacement Part part by incorporating or installing in or attaching to the Aircraft a further replacement Part part owned by Lessee or a Permitted Sublessee free and clear of all Liens (except other than Permitted Liens) , and by causing causes title to such further replacement Part part to vest in Lessor in accordance with ss. B of and causes such replacement part to become subject to this Annex C.Agreement.

Pooling of Parts. Any Part removed from the Aircraft Aircraft, Airframe or any Engine as provided in Section 8.2 may be subjected by Lessee or a Permitted Sublessee to a normal pooling arrangement customary in the U.S. commercial airline industry and entered into in the ordinary course of business of Lessee or such Permitted SublesseeLessee, so long as a Part replacing such removed Part shall be incorporated in such Aircraft, Airframe or installed in or attached to the Aircraft Engine in accordance with ss. B of this Annex C Section 8.2 as promptly as practicable possible after the removal of such removed Part. In addition, any replacement Part when incorporated in such Aircraft, Airframe or installed such Engine in or attached to the Aircraft accordance with Section 8.2 may be owned by any third party air carrier subject to such a normal pooling arrangement, so long as Lessee or Permitted SublesseeLessee, as promptly thereafter as reasonably possible, either (1i) causes title to such replacement Part to vest in Lessor in accordance with ss. B of this Annex CSection 8.2 by Lessee acquiring title thereto for the benefit of, and transferring such title to, Lessor free and clear of all Liens (except Permitted Liens), or (2ii) replaces (or causes to be replaced) such replacement Part by incorporating in the Aircraft, Airframe or installing in or attaching to the Aircraft such Engine a further replacement Part owned by Lessee or a Permitted Sublessee free and clear of all Liens (except Permitted Liens) and by causing title to such further replacement Part to vest in Lessor in accordance with ss. B of this Annex C.Section 8.2.

Pooling of Parts. Any Part removed from the Aircraft may be subjected by Lessee or a Permitted Sublessee to a normal pooling arrangement customary in the airline industry and entered into in the ordinary course of business of Lessee or such Permitted Sublessee, so long as a Part replacing such removed Part shall be incorporated or installed in or attached to the Aircraft in accordance with ss. B of this Annex C as promptly as practicable after afteR the removal of such removed Part. In addition, any replacement Part when incorporated or installed in or attached to the Aircraft may be owned by any third party subject to such a normal pooling arrangement, so long as Lessee or Permitted Sublessee, as promptly thereafter as reasonably possible, either (1) causes title to such replacement Part to vest in Lessor in accordance with ss. B of this Annex C, free and clear of all Liens (except excepT Permitted Liens), or (2) replaces (or causes to be replaced) such replacement Part by incorporating or installing in or attaching to the Aircraft a further replacement Part owned by Lessee or a Permitted Sublessee free and clear of all Liens (except Permitted Liens) and by causing title to such further replacement Part to vest in Lessor in accordance with ss. B of this Annex C.

Pooling of Parts. Any Part removed from the Aircraft Aircraft, Airframe or ---------------- any Engine as provided in Section 8.2 may be subjected by Lessee or a Permitted Sublessee to a normal pooling arrangement customary in the U. S. commercial airline industry and entered into in the ordinary course of business of Lessee or such Permitted Sublessee, so long as a Part replacing such removed Part shall be incorporated in such Aircraft, Airframe or installed in or attached to the Aircraft Engine in accordance with ss. B of this Annex C Section 8.2 as promptly as practicable possible after the removal of such removed Part. In addition, any replacement Part when incorporated in such Aircraft, Airframe or installed such Engine in or attached to the Aircraft accordance with Section 8.2 may be owned by any third party air carrier subject to such a normal pooling arrangement, so long as Lessee or Permitted SublesseeLessee, as promptly thereafter as reasonably possible, either Federal Express Boeing 727-2D4 N362PA (1i) causes title to such replacement Part to vest in Lessor in accordance with ss. B of this Annex CSection 8.2 by Lessee acquiring title thereto for the benefit of, and transferring such title to, Lessor free and clear of all Liens (except Permitted Liens), or (2ii) replaces (or causes to be replaced) such replacement Part by incorporating in the Aircraft, Airframe or installing in or attaching to the Aircraft such Engine a further replacement Part owned by Lessee or a Permitted Sublessee free and clear of all Liens (except Permitted Liens) and by causing title to such further replacement Part to vest in Lessor in accordance with ss. B of this Annex C.Section 8.2.

Pooling of Parts. Any Part removed from the Aircraft Aircraft, Airframe or any Engine as provided in Section 8.2 may be subjected by Lessee (or a Permitted Sublessee Sublessee) to a normal pooling arrangement customary in the airline industry and entered into in the ordinary course of business of Lessee or such Permitted Sublessee, so long as a Part part replacing such removed Part shall be incorporated in the Aircraft, Airframe or installed in or attached to the Aircraft such Engine in accordance with ss. B of this Annex C Section 8.2 as promptly as practicable after the removal of such removed Part. In addition, any replacement Part part when incorporated in the Aircraft, Airframe or installed any Engine in or attached to the Aircraft accordance with Section 8.2 may be owned by any third party subject to such a normal pooling arrangement, so long as Lessee (or any Permitted Sublessee), at its own cost and expense, as promptly thereafter SALE AND LEASE AGREEMENT [N396SW] -31- 38 as reasonably possible, practicable either (1i) causes title to such replacement Part part to vest in Lessor in accordance with ss. B of this Annex CSection 8.2 by Lessee (or any Permitted Sublessee) acquiring title thereto for the benefit of, and transferring such title to, Lessor free and clear of all Liens (except Permitted Liens), or (2ii) replaces (or causes to be replaced) such replacement Part part by incorporating in the Aircraft, Airframe or installing in or attaching to the Aircraft such Engine a further replacement Part part owned by Lessee (or a any Permitted Sublessee Sublessee) free and clear of all Liens (except Permitted Liens) and by causing title to such further replacement Part part to vest in Lessor in accordance with ss. B of this Annex C.Section 8.2.

Pooling of Parts. Any Part removed from the Aircraft Aircraft, Airframe or any Engine may be subjected by Lessee or a Permitted Sublessee to a normal pooling arrangement customary in the airline industry and entered into in the ordinary course of business of Lessee or Guarantor or such Permitted Sublessee, so long as a Part replacing such removed Part shall be incorporated or installed in or attached to the Aircraft Aircraft, Airframe or such Engine in accordance with ss. B paragraph (b) of this Annex C Section 9 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 Aircraft Aircraft, Airframe or any Engine may be owned by any third party subject to such a normal pooling arrangement, so long as Lessee or Permitted Sublessee, at its own cost and expense, as promptly thereafter as reasonably possible, possible either (1i) causes title to such replacement Part to vest in Lessor in accordance with ss. B paragraph (b) of this Annex CSection 9, free and clear of all Liens (except Permitted LiensLiens permitted by Section 14), or (2ii) replaces (or causes to be replaced) such replacement Part by incorporating or installing in or attaching to the Aircraft Aircraft, Airframe or such Engine a further replacement Part owned by Lessee or a Permitted Sublessee free and clear of all Liens (except Permitted LiensLiens permitted by Section 14) and by causing title to such further replacement Part to vest in Lessor in accordance with ss. B paragraph (b) of this Annex C.Section 9.

Pooling of Parts. Any Part removed from the Aircraft Airframe, an Engine, or a Propeller as provided in Section 12(d) may be subjected by Lessee or a Permitted Sublessee to a normal pooling arrangement customary in the United States airline industry and entered into in the ordinary course of the Sublessee's business of Lessee or such with Permitted SublesseeAir Carriers, so long as provided that a Replacement Part replacing such removed Part shall be is incorporated or installed in or attached to the Aircraft that Item in accordance with ss. B of this Annex C as promptly as practicable after Section 12(d) upon the removal of such the removed Part. In addition, any replacement Replacement Part when incorporated or installed in or attached to the Aircraft an Item in accordance with Section 12(d) may be owned by any third party a Permitted Air Carrier or a lessor to a Permitted Air Carrier subject to such a normal pooling arrangement, so long as Lessee or Permitted provided that the Sublessee, at its expense, as promptly thereafter as reasonably possible, either (1i) causes title to such replacement Replacement Part to vest in the Lessor in accordance with ss. B of this Annex CSection 12(d) by acquiring title thereto for the benefit of, and transferring such title to, the Lessor free and clear of all Liens (except Permitted Liens), or (2ii) replaces (or causes to be replaced) such replacement Replacement Part by incorporating or installing in or attaching to the Aircraft such Item a further replacement Replacement Part owned by Lessee or a Permitted the Sublessee free and clear of all Liens (except Permitted Liens) and by causing title to such further replacement Replacement Part to vest in the Lessor in accordance with ss. B of this Annex C.Section 12(d).

Pooling of Parts. Any Part removed from the Aircraft Aircraft, Airframe or any Engine as provided in Section 8.2 may be subjected by Lessee (or a Permitted Sublessee Sublessee) to a normal pooling arrangement customary in the airline industry and entered into in the ordinary course of business of Lessee or such Permitted Sublessee, so long as a Part part replacing such removed Part shall be incorporated in the Aircraft, Airframe or installed in or attached to the Aircraft such Engine in accordance with ss. B of this Annex C Section 8.2 as promptly as practicable after the removal of such removed Part. In addition, any replacement Part part when incorporated in the Aircraft, Airframe or installed any Engine in or attached to the Aircraft accordance with Section 8.2 may be owned by any third party subject to such a normal pooling arrangement, so long as Lessee (or any Permitted Sublessee), at its own cost SALE AND LEASE AGREEMENT [N621SW] -30- 37 and expense, as promptly thereafter as reasonably possible, practicable either (1i) causes title to such replacement Part part to vest in Lessor in accordance with ss. B of this Annex CSection 8.2 by Lessee (or any Permitted Sublessee) acquiring title thereto for the benefit of, and transferring such title to, Lessor free and clear of all Liens (except Permitted Liens), or (2ii) replaces (or causes to be replaced) such replacement Part part by incorporating in the Aircraft, Airframe or installing in or attaching to the Aircraft such Engine a further replacement Part part owned by Lessee (or a any Permitted Sublessee Sublessee) free and clear of all Liens (except Permitted Liens) and by causing title to such further replacement Part part to vest in Lessor in accordance with ss. B of this Annex C.Section 8.2.

Pooling of Parts. Any Part removed from the Aircraft Aircraft, Airframe or any Engine may be subjected by Lessee or a Permitted Sublessee to a normal pooling arrangement customary in the airline industry and entered into in the ordinary course of business of Lessee or such Permitted Sublessee, so long as a Part replacing such removed Part shall be incorporated or installed in or attached to the Aircraft Aircraft, Airframe or such Engine in accordance with ss. paragraph B of this Annex C 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 Aircraft Aircraft, Airframe or any Engine may be owned by any third party subject to such a normal pooling arrangement, so long as Lessee or Lessee, Permitted Sublessee, at its own cost and expense, as promptly thereafter as reasonably possible, possible either (1i) causes title to such replacement Part part to vest in Lessor in accordance with ss. paragraph B of this Annex C, free and clear of all Liens (except Permitted Liens), or (2ii) replaces (or causes to be replaced) such replacement Part by incorporating or installing in or attaching to the Aircraft Aircraft, Airframe or such Engine a further replacement Part owned by Lessee or a Permitted Sublessee free and clear of all Liens (except Permitted Liens) and by causing title to such further replacement Part to vest in Lessor in accordance with ss. Section B of this Annex C.