Common use of Replacement Airframes and Replacement Engines Clause in Contracts

Replacement Airframes and Replacement Engines. At any time an Airframe or Engine is to be replaced under or pursuant to Section 10 of the Lease by a Replacement Airframe or Replacement Engine, if no Lease Event of Default is continuing, the Owner Trustee shall direct the Mortgagee to execute and deliver to the Owner Trustee an appropriate instrument releasing such Airframe and/or Engine as appropriate from the Lien of this Trust Indenture and the Mortgagee shall execute and deliver such instrument as aforesaid, but only upon compliance by Lessee with the applicable provisions of Section 10 of the Lease.

Replacement Airframes and Replacement Engines. At any time an Airframe or Engine is to be replaced under or pursuant to Section (S) 10 of the Lease by a Replacement Airframe or Replacement Engine, if no Lease Event of Default is continuingexists, the Owner Trustee shall direct the Mortgagee to execute and deliver to the Owner Trustee an appropriate instrument releasing such Airframe and/or or Engine as appropriate from the Lien of this Trust Indenture Mortgage, and the Mortgagee shall execute and deliver such instrument as aforesaid, (but only upon compliance by Lessee with the applicable provisions of Section (S) 10 of the Lease).

Replacement Airframes and Replacement Engines. At any time an Airframe or Engine is to be replaced under or pursuant to Section 10 of the Lease by a Replacement Airframe or Replacement Engine, if no Lease Event of Default is continuing, the Owner Trustee Debtor shall direct the Mortgagee Security Trustee to execute and deliver to the Owner Trustee Debtor an appropriate instrument releasing such Airframe and/or Engine as appropriate from the Lien of this Trust Indenture Security Agreement and the Mortgagee Security Trustee shall execute and deliver such instrument as aforesaid, but only upon compliance by Lessee with the applicable provisions of Section 10 of the Lease.