Common use of Rental Components Clause in Contracts

Rental Components. Subject to the specific provisions of this subsection, AEPC™ shall pay the costs to provide a Rental Component, if required and available, during Un- scheduled Maintenance covered by this Agreement that requires more than ten (10) business days AOG. As a condition to the OEM Authorized, FAA Licensed (or their coun- terparts worldwide) Repair Facility acceptable to AEPC™ furnishing a Rental Component to the Client in connection with maintenance or repair covered hereunder, a Rental Agreement shall be executed between the Client and the OEM Authorized, FAA Licensed (or their counterparts worldwide) Repair Facility acceptable to AEPC™. In no event shall AEPC™ pay for any Rental Component for more than three (3) business days after com- pletion of the Unscheduled Maintenance, and any rental charges incurred thereafter shall subject the Client to the OEM Authorized, FAA Licensed (or their counterparts worldwide) Repair Facility acceptable to AEPC™’s standard rental charges. In the event a Rental Component is provided in connection with any Exclusions, the Client shall be solely responsible for the OEM Authorized, FAA Licensed (or their counterparts world- wide) Repair Facility acceptable to AEPC™s normal rental charges. AEPC™ has no obliga- tion under this Agreement to pay any costs in connection with the repair, maintenance, or failure of a Rental Component. As well, AEPC™ has no liability for any consequential damage resulting from the use of a Rental Component.

Rental Components. Subject to the specific provisions of this subsection, AEPC™ shall pay the costs to provide a Rental Component, if required and available, during Un- scheduled Maintenance covered by this Agreement that requires more than ten (10) business days AOG. As a condition to the OEM Authorized, FAA Licensed Repair Facility (or their coun- terparts its counterpart worldwide) Repair Facility acceptable to AEPC™ furnishing a Rental Component to the Client in connection with maintenance or repair covered hereunder, a Rental Agreement shall be executed between the Client and the OEM Authorized, FAA Licensed Repair Facility (or their counterparts its counterpart worldwide) Repair Facility acceptable to AEPC™. In no event shall AEPC™ pay for any Rental Component for more than three (3) business days after com- pletion of the Unscheduled Maintenance, and any rental charges incurred thereafter shall subject the Client to the OEM Authorized, FAA Licensed Repair Facility (or their counterparts its coun- terpart worldwide) Repair Facility acceptable to AEPC™’s standard rental charges. In the event a Rental Component is provided in connection with any Exclusions, the Client shall be solely responsible re- sponsible for the OEM Authorized, FAA Licensed Repair Facility (or their counterparts world- wideits counterpart worldwide) Repair Facility acceptable to AEPC™s normal rental charges. AEPC™ has no obliga- tion under obligation un- der this Agreement to pay any costs in connection with the repair, maintenance, or failure fail- ure of a Rental Component. As well, AEPC™ has no liability for any consequential damage dam- age resulting from the use of a Rental Component.