REMOVAL AND INTERCHANGE OF ENGINES Sample Clauses

REMOVAL AND INTERCHANGE OF ENGINES. Lessee will: (a) ensure that no Engine is removed from the Airframe unless it is promptly replaced as expressly permitted by this Agreement; (b) ensure that any Engine which is not installed on the Aircraft, or an aircraft permitted by paragraph (d) below is, except as expressly permitted by this Agreement, properly and safely stored (unless installed on another airframe operated by Lessee as permitted hereunder) and insured, and kept free from Security Interests (other than Permitted Liens), and either (i) has been inducted into a repair shop and is undergoing repair or (ii) unserviceable awaiting repair shop visit for no longer than 45 days; and (c) be permitted, if no Event of Default has occurred and is continuing, to install any Engine on an aircraft operated by Lessee (or, any permitted sub-lessee), provided that neither (i) the provisions of any applicable law nor (ii) the terms of any lease or other agreement or Security Interest to which such aircraft or engine is subject, prohibit such installation or will have the effect at any time of divesting or impairing the title and interests of Lessor as owner and any Financing Party as mortgagee of such Engine. Lessee shall obtain from the lessor of any airframe on which an Engine is installed and from any holder of a Security Interest in any airframe on which an Engine is installed, an agreement (which may be in the form of a relevant clause in any lease agreement, mortgage, security agreement or similar agreement in respect of such airframe) in writing for the benefit of the Lessor (or directly with the Lessor) that such Person will respect the interests of Lessor as owner and lessor, respectively, and of the Financing Parties, in such Engine and will not acquire or claim any right, title or interest in such Engine as a result of such Engine being installed on such other airframe at any time while such Engine is subject to this Agreement. Provided Lessee shall have received from a lessor of or secured party holding a Security Interest in any airframe leased to Lessee or owned by Lessee and subject to a Security Interest under such an agreement, Lessor hereby agrees for the benefit of such lessor or secured party that Lessor will not acquire or claim as against such lessor or secured party, any rights, title or interest in any engine covered by such lease or Security Interest as a result of any such engine being installed on the Airframe at any time while such engine is subject to such lease or Security...
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REMOVAL AND INTERCHANGE OF ENGINES. 10.5.1 The Lessee will ensure that no Engine is removed from the Airframe unless it is promptly replaced on the Airframe by an engine complying with the following conditions: (a) it is of the same manufacture and model as the original Engine (or an improved model), it has not been involved in any incident or accident as defined in the FARs, it is certified in accordance with FAA rules and regulations for installation on the Aircraft, it is suitable for installation and use on the Airframe without impairing the value or utility of the Airframe and it is compatible with the remaining installed Engine, it has equivalent interchangeable modification status, equivalent or lower time elapsed since Engine Performance Restoration, equivalent or lower time Life Limited Parts life used and equivalent remaining warranty status as the original Engine, and it is of an equivalent or greater value and utility as the original Engine; (b) the Lessee has full details of its source and maintenance records with back-to-birth traceability of LLPs; (c) the original Engine is reinstalled on the Airframe on or prior to the Expiry Date unless replaced with a Replacement Engine as required hereunder; and (d) the Insurance for the Aircraft is not affected. provided that if an engine complying with the conditions in Clause 10.5(a) is not available at the time and/or place where the engine is required to be installed on the Airframe and it would result in unreasonable disruption of the operation of the Aircraft and/or business of the Lessee to ground the Aircraft until an engine complying with Clause 10.5(a) becomes available for installation on the Aircraft, the Lessee may install any suitable engine on the Airframe by way of temporary replacement. As soon as reasonably practicable after the installation of the engine but in any event no later than one twenty days (120) days after such installation, the Lessee shall remove the engine and replace it with the original Engine or an engine complying with Clause 10.5.1(a) and (b), subject always to the requirement of Clause 10.5.1(c) and Clause 10.5.1(d). 10.5.2 The Lessee will: (a) ensure that any Engine which is not installed on the Airframe if unserviceable is promptly delivered to the Maintenance Performer for repair with such repairs to be completed prior to the Expiry Date; (b) ensure that any Engine which is not installed on the Airframe (or another aircraft permitted by Clause 10.5.3) is properly and safely stored and insured in a...
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Related to REMOVAL AND INTERCHANGE OF ENGINES

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