Replacement Aircraft Sample Clauses

Replacement Aircraft. Tenant agrees that in the event the above referenced aircraft is sold, repossessed, or otherwise disposed of by Tenant that Tenant shall notify Landlord within five (5) working days. Tenant shall not store any other aircraft in leased hangar without Landlord's written permission.

Replacement Aircraft. Upon prior written approval of County, which will not be unreasonably withheld, Lessee may replace the Aircraft with another aircraft. To obtain approval, Lessee must provide to County the replacement aircraft’s make, model, and FAA registration number, and the ownership and airworthiness documentation required above. Upon County’s approval, the Aircraft must be replaced with the approved replacement aircraft within ninety (90) days, except upon further written approval by County when Lessee has demonstrated a need for a longer period, which approval will not be unreasonably withheld. Upon such aircraft replacement, this Agreement must be amended to reflect the replacement aircraft as the new Aircraft. Replacement of the Aircraft will not constitute an assignment prohibited by this Agreement. Failure to obtain approval for any replacement aircraft, failure to timely replace the Aircraft, or failure to amend this Agreement will each constitute a Default.

Replacement Aircraft. Any aircraft substituted for the Aircraft pursuant to Section 11.03(a) of the Lease.

Replacement Aircraft. 12.1 Regardless of whether or not an Aircraft or Optional Aircraft has exceeded its NA Day allowance provided in Articles 11.2, 11.3 and 11.5, if the (i) NA Days in respect of any Aircraft or Optional Aircraft extend for fifteen (15) or more consecutive Days, or (ii) the Operator is required to provide a Replacement Aircraft in accordance with Article 10.1, then the Operator shall, at its sole cost and expense, replace such Aircraft or Optional Aircraft by the sixteenth (16th) Day with an aircraft that is comparable or superior, conforms with the specifications, terms and conditions of this Agreement and is satisfactory to the UN (“Replacement Aircraft”). The NA Day allowance for a Replacement Aircraft shall carry over from the NA Day allowance for the Aircraft or Optional Aircraft it replaces. Regardless of whether or not an Aircraft or Optional Aircraft has exceeded its NA Day allowance provided in Articles 11.2, 11.3 and 11.5, the UN shall be entitled to (i) a proportionate reduction in the Annual Operating Costs in respect of the relevant Contract Year concerned, and (ii) claim Liquidated Damages in accordance with Article 13, for each and every Day that a Replacement Aircraft is not Operationally Ready, from the above sixteenth (16th) Day until such date that the Replacement Aircraft is Operationally Ready. In the event that the Operator is required to provide a Replacement Aircraft, (i) the Operator shall not be entitled to any Positioning Costs for the Replacement Aircraft in the event the UN has previously paid Positioning Costs for the Aircraft or Optional Aircraft which requires replacement, and (ii) the UN shall only pay Depositioning Costs for the Replacement Aircraft and not for the Aircraft or Optional Aircraft which requires replacement. 12.2 Should the Operator fail to provide a Replacement Aircraft in accordance with Article 12.1 and the UN obtains alternate transportation during the period of unavaibility, then the Operator shall reimburse the UN reasonable additional costs above the prices and costs listed in the Price Schedule for obtaining appropriate and suitable alternate transportation services due to the Operator’s failure to provide the Replacement Aircraft, which are in addition to the UN’s right to claim Liquidated Damages for such failure, as further specified in Article 13.2. The Parties agree that the UN’s rights and remedies under this Article 12 are without prejudice to the UN’s rights to claim Liquidated Damages in accorda...

Replacement Aircraft. In the event the Lessee shall elect to substitute an aircraft (or an airframe or an airframe and one engine, as the case may be) for any Aircraft (or any airframe and one or more Engines) subject to an Event of Loss, the Lessee shall, not later than the 120th day following the occurrence of such Event of Loss (or the next succeeding Business Day if the 120th day is not a Business Day): (i) cause to be conveyed to the Lessor (if not already owned by the Lessor) title to an aircraft (or an airframe or an airframe and one engine which, together with the Engines constituting a part of such Aircraft but not installed thereon at the time of such Event of Loss, constitute such Aircraft) free and clear of all Liens (other than Incohate Liens) and having at least the age (as determined by year of manufacture), value and utility and being in as good an operating condition as such Aircraft subject to such Event of Loss (in each case without taking into account hours, cycles and maintenance schedule) assuming that such Aircraft had been maintained in accordance with the terms of the Mortgage; provided that any aircraft, airframe or engine so substituted hereunder shall be an Airbus A320-200 aircraft or an CFM International Inc., model CFM56-5B4 engine, as applicable; and (ii) prior to or at the time of any such substitution, the Lessee will:

Replacement Aircraft. If, at the time of withdrawal of a Covered Aircraft from the capacity purchase provisions of this Agreement as a result of the expiration of the head lease related to such Covered Aircraft prior to the end of the Base Term (other than an expiration resulting from a default by Contractor hereunder or under any Ancillary Agreement), (x) at least one fifty-seat Original Aircraft (i) is then being stored by or on behalf of Continental, (ii) has not had a restructuring or impairment charge associated with a planned or actual grounding, (iii) is not the subject of any sublease, and (iv) is not the subject of any contract or other agreement for the sale of such Original Aircraft and (y) after giving effect to such withdrawal, the number of Covered Aircraft will be less than (aa) at any time prior to the first anniversary of the Effective Date, 205 Covered Aircraft or (bb) at any time on or after the first anniversary of the Effective Date, 190 Covered Aircraft,, then such Original Aircraft shall be deemed a Covered Aircraft and become subject to the capacity purchase provisions of this Agreement; provided if, following the delivery of such Original Aircraft to Continental after the Effective Date, such Original Aircraft has been operated by or on behalf of Continental (other than storing such Original Aircraft), then Continental shall cause each such Original Aircraft to be prepared in such livery required by Paragraph 8 of Exhibit G and appropriate configuration prior to its being placed into such service, and Continental shall be responsible for all costs related to such preparation; and further provided that if there is more than one fifty-seat Original Aircraft meeting the conditions set forth in clauses (i) through (iv) above, then Continental shall select the fifty-seat Original Aircraft that shall be deemed a Covered Aircraft pursuant to this Section 2.03. If a Labor Strike that affects Contractor’s performance under this Agreement is occurring, the obligations set forth in this Section 2.03 shall be tolled for the duration of such Labor Strike.

Replacement Aircraft. If any Designated Aircraft is permanently withdrawn from normal use, a replacement aircraft owned, leased or operated by the Named Insured may be considered a Designated Aircraft, but only if the replacement aircraft:

Replacement Aircraft i. If any of the Dedicated Aircraft are not available for a Blade Scheduled Flight due to mechanical issues or other circumstances outside of the Blade Parties’ control (except due to an Event of Force Majeure), at Helijet’s sole cost and expense, Helijet will provide the Blade Parties with an Aircraft of similar specifications and seating capacity (the “Helijet Replacement Aircraft”) in replacement of the Dedicated Aircraft. Notwithstanding anything to the contrary in this Agreement, the Exclusive Rights Purchase Agreement or any of the Ancillary Agreements, if Helijet is unable to provide a Helijet Replacement Aircraft for a Blade Flight from its own fleet of Aircraft, Helijet shall use reasonable best efforts to contract with a third party Canadian licensed air operator to provide aircraft for such Blade Flight (together with the Helijet Replacement Aircraft, the “Replacement Aircraft”), which will not constitute a breach of any exclusivity or similar provisions contained in this Agreement, the Exclusive Rights Purchase Agreement or any of the Ancillary Agreements. ii. Unless otherwise mutually agreed to, in no event will the rates or pricing for any Replacement Aircraft be more than those set forth in this Agreement for the Dedicated Aircraft that the Replacement Aircraft is replacing.

Replacement Aircraft. Upon prior written approval of County, which will not be unreasonably withheld, Lessee may replace the Aircraft with another aircraft. To obtain approval, Lessee must provide to County the replacement aircraft’s make, model, and FAA registration number, and the ownership and airworthiness documentation required above. Upon County’s approval, the Aircraft must be replaced with the approved replacement aircraft within ninety (90) days, except upon further written approval by County when Lessee has demonstrated a need for a longer period, but no more than six months, which approval will not be unreasonably withheld. Upon such aircraft replacement, this Agreement must be amended to reflect the replacement aircraft as the new Aircraft. Replacement of the Aircraft will not constitute an assignment prohibited by this Agreement. Failure to obtain approval for any replacement aircraft, failure to timely replace the Aircraft, or failure to amend this Agreement will each constitute a Default. Due to the established Hangar Wait List, should Lessee replace Aircraft with a smaller size Aircraft that can be accommodated by a smaller hangar, and there are large aircraft on the Hangar Wait List that require a hangar of the size occupied by the Lessee, then Lessee shall, within 60 days of notification from County, be moved to a smaller hangar that will appropriately accommodate the replacement Aircraft so the larger aircraft can be accommodated from the Wait List.