Qualified Shop Visits Sample Clauses

The "Qualified Shop Visits" clause defines the criteria and conditions under which maintenance, repair, or overhaul work on equipment—typically aircraft engines or components—must be performed at approved or certified facilities. In practice, this clause specifies that only shops meeting certain qualifications, such as regulatory approvals or manufacturer certifications, are authorized to carry out the required work. By doing so, the clause ensures that all maintenance is performed to a recognized standard, thereby safeguarding equipment reliability and compliance with industry or regulatory requirements.
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Qualified Shop Visits. A Qualified Shop Visit is defined as any shop visit after which post-maintenance test results show that the post-repair Engine acceptance criteria, as outlined in the Maintenance Management Plan for AAH, has been met.
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Qualified Shop Visits. For Qualified Shop Visits, CFM will exercise all reasonable efforts to meet a Turn Around Time (“TAT”) of [***] Days. The Parties agree that there shall be an additional [***] Days to allow for the shipment of the Engine from the point of Delivery to the CFM Designated Repair Station and back, except in case of any delays outside of CFM’s control, including, but not limited, to customs clearance.
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Qualified Shop Visits. For Qualified Shop Visits, CFM will exercise reasonable efforts to meet an average Turn Around Time (“TAT”) of ***** shall be added to the TAT for Engines received with QEC attached. ***** Confidential portions of the material have been omitted and filed separately with the Securities and Exchange Commission.
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Qualified Shop Visits. A Qualified Shop Visit is any maintenance or repair of an Engine that cannot be performed on-wing, *****, in order to: *****. An Engine Delivered by AIRLINE against or without the advice and consent of the CFM Program Manager or his delegate will not be considered a Qualified Shop Visit, and the shop visit will be charged to AIRLINE as Supplemental Services, unless CFM determines after Delivery that the Engine qualifies. *****
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Qualified Shop Visits. For Qualified Shop Visits, CFM will exercise reasonable efforts to meet a Turn Around Time of [***]. [***] shall be added to the TAT for Engines received with QEC attached. For Engines removed per a mutually agreed planned removal schedule and provided all of the required Engine documentation has been made available by Customer, CFM will induct the Engines on the planned induction date so long as the Engine is received at the DRS [***] prior to the planned induction date. Any reasonable delay in obtaining Supplemental Services approval shall not count against the TAT requirement.
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Qualified Shop Visits. A Qualified Shop Visit is any maintenance or repair of an Engine that cannot be performed on-wing, as determined by CFM, in order to: a. Correct a deficiency or performance deterioration which has created an Unserviceable condition according to criteria defined in the Aircraft Maintenance Manual (“AMM”), and/or the Fault Isolation Manual (“FIM”), and/or the Troubleshooting Manual (“TSM”) and/or CFM Service Bulletins, b. Comply with an Airworthiness Directive (“AD”) issued by the FAA or EASA, which is related to a CFM approved Part or Repair, c. Install LLP due to Life Expiration. Residual life on LLP shall not be higher than [***]; however, CFM may perform the Qualified Shop Visit sooner than [***] remaining on a case by case basis based on Customer’s operational constraints if appropriate commercial arrangements are agreed to by the Parties in advance of the Engine removal. d. Comply with a written recommendation of the CFM Program Manager. e. [***]. The shop visit of an Engine Delivered by Customer against or without the advice and consent of the CFM Program Manager or his delegate (as defined in CFM’s procedures manual) may not be considered a Qualified Shop Visit, and the shop visit may be charged to Customer as Supplemental Services, if after Delivery of the Engine CFM determines the Engine does not qualify for a QSV as set forth in this Service Agreement. CFM shall provide 24x7 support through CFM’s Customer Support Center for providing technical support, trouble shooting and consent by the CFM Program Manager or his delegate (as defined and prescribed in CFM’s procedures manual). Furthermore, for a shop visit to be a Qualified Shop Visit, the Customer must comply with CFM’s and AMM’s recommended on-wing maintenance guides specifically including any requirements for a core water wash program as directed by the CFM Program Manager, and compliance with on-wing maintenance and troubleshooting per CFM’s and the AMM’s written recommendations.
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Related to Qualified Shop Visits

  • Qualified Small Business For so long as any of the Shares are held by an Investor (or a transferee in whose hands such Shares are eligible to qualify as “Qualified Small Business Stock” as defined in Section 1202(c) of the Internal Revenue Code of 1986, as amended (the “Code”)), the Company will use its reasonable efforts to comply with the reporting and recordkeeping requirements of Section 1202 of the Code, any regulations promulgated thereunder and any similar state laws and regulations.

  • Qualified Small Business Stock The Company shall use commercially reasonable efforts to cause the shares of Preferred Stock, as well as any shares into which such shares are converted, within the meaning of Section 1202(f) of the Internal Revenue Code (the “Code”), to constitute “qualified small business stock” as defined in Section 1202(c) of the Code; provided, however, that such requirement shall not be applicable if the Board of Directors of the Company determines, in its good-faith business judgment, that such qualification is inconsistent with the best interests of the Company. The Company shall submit to its stockholders (including the Investors) and to the Internal Revenue Service any reports that may be required under Section 1202(d)(1)(C) of the Code and the regulations promulgated thereunder. In addition, within twenty (20) business days after any Investor’s written request therefor, the Company shall, at its option, either (i) deliver to such Investor a written statement indicating whether (and what portion of) such Investor’s interest in the Company constitutes “qualified small business stock” as defined in Section 1202(c) of the Code or (ii) deliver to such Investor such factual information in the Company’s possession as is reasonably necessary to enable such Investor to determine whether (and what portion of) such Investor’s interest in the Company constitutes “qualified small business stock” as defined in Section 1202(c) of the Code.

  • Asset Dispositions, etc The Borrower will not, and will not permit any of its Subsidiaries to, sell, transfer, contribute or otherwise convey, or grant options, warrants or other rights with respect to, all or substantially all of the assets of (a) the Borrower or (b) the Subsidiaries of the Borrower, taken as a whole, except sales of assets between or among the Borrower and Subsidiaries of the Borrower.

  • Qualified Reservist Distributions If you are a qualified reservist member called to active duty for more than 179 days or an indefinite period, the payments you take from your IRA during the active duty period are not subject to the 10 percent early distribution penalty tax.

  • QUALIFIED TO DO BUSINESS Contractor represents and warrants that Contractor is (a) in good standing; (b) qualified to do business in the State of Washington; and (c) registered with the Washington State Department of Revenue and the Washington Secretary of State.