Removal of Engines. Customer may remove Engines from this Agreement upon advance written notice, if Customer is no longer operating the Engines and is no longer responsible for maintenance of the Engines for the following reasons: a. Bona fide sale or other bona fide transfer to an unaffiliated third party; b. Return to the Lessor; or c. If the Engine has been reasonably determined to be BER Azul Agreement # 1-1373256434 September 25, 2009 - 14 - In all cases of Engine removal, GE and Customer must mutually agree on which Engine will be removed, unless Customer’s lessor dictates otherwise. Any Engine removal will be subject to reconciliation provisions set forth below. 11.1.1 GE may remove Engines from this Agreement in accordance with Article 9.1 hereof. In this case, Customer acceptance shall not be necessary.
Appears in 2 contracts
Samples: Engine Services Agreement (Azul Sa), Engine Services Agreement (Azul Sa)
Removal of Engines. Customer may remove Engines from this Agreement upon advance written notice, notice if Customer is no longer operating the Engines and is no longer responsible for maintenance of the Engines for the following reasons:
a. Bona fide sale or other bona fide transfer to an unaffiliated third party;
b. Return of Engine to the Lessor; or;
c. If the Engine has been reasonably determined to be BER Azul Agreement # 1-1373256434 September 25, 2009 - 14 - BER; or
d. Any other reason agreed to between the Parties. In all cases of Engine removal, Customer shall confer with GE and Customer must mutually agree on to determine which Engine Engine(s) will be removedremoved but in the case of disagreement, unless Customer’s lessor dictates otherwiseCustomer will have final decision regarding removal. Any Engine removal will be subject to reconciliation provisions set forth below.
11.1.1 GE may remove Engines from this Agreement in accordance with Article 9.1 hereof. In this case, Customer acceptance shall not be necessary.
Appears in 1 contract
Removal of Engines. Customer may remove Engines from this Agreement upon advance written notice, if Customer is no longer operating the Engines and is no longer responsible for maintenance of the Engines for the following reasons:
a. Bona fide sale or other bona fide transfer to an unaffiliated third party;
b. Return to the Lessor; or
c. If the Engine has been reasonably determined to be BER Azul Agreement # 1-1373256434 September 25, 2009 - 14 - [*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. In all cases of Engine removal, GE and Customer must mutually agree on which Engine will be removed, unless Customer’s lessor dictates otherwise. Any Engine removal will be subject to reconciliation provisions set forth below.
11.1.1 GE may remove Engines from this Agreement in accordance with Article 9.1 hereof. In this case, Customer acceptance shall not be necessary.
Appears in 1 contract
Samples: Engine Services Agreement (Azul Sa)