Common use of Replacement of Airframe and Engines Clause in Contracts

Replacement of Airframe and Engines. (a) If Lessee elects, in accordance with Section 10.1.1, to replace the Airframe, and any Engines actually suffering the Event of Loss, then Lessee shall, as promptly as possible and in any event within 120 days after the occurrence of such Event of Loss, convey or cause to be conveyed to Lessor, in compliance with Section 10.3 and as replacement for the Airframe, and any such Engine, title to a Replacement Airframe (which shall comply with paragraph (b) below), and for each such Engine a Replacement Engine, in each case free and clear of all Liens other than Permitted Liens. If Lessee makes such election, but for any reason fails or is unable to effect such replacement within such time period and in compliance with the requirements set forth in Section 10.3, then Lessee shall be deemed to have initially made the election set forth in Section 10.1.2 with the effect that Lessee shall immediately pay, in the manner and in funds of the type specified in Section 3.3, the amounts required under, and in accordance with, Section 10.1.2.

Replacement of Airframe and Engines. (a) If Lessee elects, in accordance with Section 10.1.1, to replace the Airframe, and any Engines Engine actually suffering the Event of Loss, then Lessee shall, as promptly as possible and in any event within 120 days after the occurrence of such Event of Loss, convey or cause to be conveyed to Lessor, in compliance with Section 10.3 and as replacement for the Airframe, and any such Engine, title to a Replacement Airframe (which shall comply with paragraph (b) below), and for each such Engine a Replacement Engine, in each case free and clear of all Liens other than Permitted Liens. If Lessee makes such election, but for any reason fails or is unable to effect such replacement within such time period and in compliance with the requirements set forth in Section 10.3, then Lessee shall be deemed to have initially made the election set forth in Section 10.1.2 with the effect that Lessee shall immediately pay, in the manner and in funds of the type specified in Section 3.3, the amounts required under, and in accordance with, Section 10.1.2.

Replacement of Airframe and Engines. (a) If Lessee elects, in accordance with Section 10.1.1§ 9.1.1, to replace the Airframe, Airframe and any Engines actually Engine(s) suffering the Event of Loss, then Lessee shall, as promptly as possible and in any event within 120 180 days after the occurrence of such Event of Loss, convey or cause to be conveyed to Lessor, in compliance with Section 10.3 § 9.3 and as replacement for the Airframe, Airframe and any such EngineEngine(s), title to a Replacement Airframe (which shall comply with paragraph (b) below§ 9.1.3(b)), and for each such Engine a Replacement Engine, in each case free and clear of all Liens other than Permitted LiensLiens not of record. If Lessee makes such election, but for any reason fails or is unable to does not effect such replacement within such time period and in compliance with the requirements set forth in Section 10.3§ 9.3, then Lessee shall be deemed to have initially made the election set forth in Section 10.1.2 § 9.1.2 with the effect that Lessee shall immediately pay, in the manner and in funds of the type specified in Section § 3.3, the amounts required under, and in accordance with, Section 10.1.2§ 9.1.2.

Replacement of Airframe and Engines. (a) If Lessee elects, in accordance with Section 10.1.1, to replace the Airframe, and any Engines actually suffering the Event of Loss, then Lessee shall, as promptly as possible and in any event within 120 180 days after the occurrence of such Event of Loss, convey or cause to be conveyed to Lessor, in compliance with Section 10.3 and as replacement for the Airframe, and any such Engine, title to a Replacement Airframe (which shall comply with paragraph (b) below), and for each such Engine Engine, title to a Replacement Engine, in each case free and clear of all Liens other than Permitted Liens. If Lessee makes such election, but for any reason fails or is unable to effect such replacement within such time period and in compliance with the requirements set forth in Section 10.3, then Lessee shall be deemed to have initially made the election set forth in Section 10.1.2 with the effect that Lessee shall immediately pay, in the manner and in funds of the type specified in Section 3.3, the amounts required under, and in accordance with, Section 10.1.2.

Replacement of Airframe and Engines. (ai) If Lessee Borrower elects, in accordance with Section 10.1.13.4(a), to replace the Airframe, and any Engines Engine actually suffering the Event of Loss, then Lessee Borrower shall, as promptly as possible and in any event within 120 days after the occurrence of such Event of Loss, convey or cause to be conveyed subjected to Lessorthe Lien of this Agreement, in compliance with Section 10.3 3.4(e) and as replacement for the Airframe, and any such Engine, title to a Replacement Airframe (which shall comply with paragraph subparagraph (bii) below), and for each such Engine a Replacement Engine, in each case free and clear of all Liens other than Permitted Liens. If Lessee Borrower makes such election, but for any reason fails or is unable to effect such replacement within such time period and in compliance with the requirements set forth in Section 10.33.4(e), then Lessee Borrower shall be deemed to have initially made the election set forth in Section 10.1.2 3.4(b) with the effect that Lessee Borrower shall immediately pay, in the manner and in funds of the type specified in Section 3.32.2 of the Loan Agreement, the amounts required under, and in accordance with, Section 10.1.23.4(b).

Replacement of Airframe and Engines. (a) If Lessee elects, in accordance with Section 10.1.1, to replace the Airframe, and any Engines actually suffering the Event of Loss, then Lessee shall, as promptly as possible and in any event within 120 180 days after the occurrence of such Event of Loss, convey or cause to be conveyed to Lessor, in compliance with Section 10.3 and as replacement for the Airframe, and any such Engine, title to a Replacement Airframe (which shall comply with paragraph (b) below), and for each such Engine a Replacement Engine, in each case free and clear of all Liens other than Permitted Liens. If Lessee makes such election, but for any reason fails or is unable to effect such replacement within such time period and in compliance with the requirements set forth in Section 10.3, then Lessee shall be deemed to have initially made the election set forth in Section 10.1.2 with the effect that Lessee shall immediately pay, in the manner and in funds of the type specified in Section 3.3, the amounts required under, and in accordance with, Section 10.1.2.

Replacement of Airframe and Engines. (a) If Lessee elects, in accordance with Section 10.1.19.1.1, to replace the Airframe, and any Engines either Engine actually suffering the Event of Loss, then Lessee shall, as promptly as possible and in any event within 120 days after the occurrence of such Event of Loss, convey or cause to be conveyed to Lessor, in compliance with Section 10.3 9.3 and as replacement for the Airframe, and any such Engine, title to a Replacement Airframe (which shall comply with paragraph (b) below), and for each such Engine a Replacement Engine, in each case free and clear of all Liens other than Permitted Liens. If Lessee makes such election, but for any reason fails or is unable to effect such replacement within such time period and in compliance with the requirements set forth in this Section 10.3and Section 9.3, then Lessee shall be deemed to have initially made the election set forth in Section 10.1.2 9.1.2 with the effect that Lessee shall immediately pay, in the manner and in funds of the type specified in Section 3.3, pay the amounts required under, and in accordance with, Section 10.1.29.1.2.

Replacement of Airframe and Engines. (a) If Lessee elects, in accordance with Section (S) 10.1.1, to replace the Airframe, Airframe and any Engines actually Engine(s) suffering the Event of Loss, then Lessee shall, as promptly as possible and in any event within 120 180 days after the occurrence of such Event of Loss, convey or cause to be conveyed to Lessor, in compliance with Section (S) 10.3 and as replacement for the Airframe, Airframe and any such EngineEngine(s), title to a Replacement Airframe (which shall comply with paragraph (bS) below10.1.3(b)), and for each such Engine a Replacement Engine, in each case free and clear of all Liens other than Permitted LiensLiens not of record. If Lessee makes such election, but for any reason fails or is unable to does not effect such replacement within such time period and in compliance with the requirements set forth in Section (S) 10.3, then Lessee shall be deemed to have initially made the election set forth in Section (S) 10.1.2 with the effect that Lessee shall immediately pay, in the manner and in funds of the type specified in Section (S) 3.3, the amounts required under, and in accordance with, Section (S) 10.1.2.