Common use of Replacement of Airframe and Engines Clause in Contracts

Replacement of Airframe and Engines. If such payments are received with respect to the Airframe and the Engines (or engines) installed on the Airframe that have been or are being replaced by Lessee pursuant to Section 10.1 (other than Section 10.1.3), such payments shall be paid over to, or retained by, Indenture Trustee or, if the Trust Indenture is no longer in effect, Lessor, and upon completion of such replacement be paid over to Lessee, provided Lessee shall have fully performed or, concurrently therewith will fully perform, the terms of Section 10.1 with respect to the Event of Loss for which such payments are made.

Replacement of Airframe and Engines. If such payments are received with respect to the Airframe and and/or the Engines (or engines) installed on the Airframe that have been or are being replaced by Lessee pursuant to Section 10.1 (other than Section 10.1.3), such payments shall be paid over to, or retained by, Indenture Trustee or, if the Trust Indenture is no longer in effect, Lessor, and upon completion of such replacement be paid over to Lessee, provided Lessee shall have fully performed or, concurrently therewith will fully perform, the terms of Section 10.1 with respect to the Event of Loss for which such payments are made.