Common use of Replacement of Airframe and Engines Clause in Contracts

Replacement of Airframe and Engines. If such amounts are received with respect to the Airframe or any Engine(s) installed thereon at the time of such Event of Loss, upon Lessee’s compliance with the applicable terms of § 9 with respect to the Event of Loss for which such amounts are received, such amounts shall, subject to § 9.9, be paid over to, or (if received by Lessee after such compliance) retained by, Lessee.

Replacement of Airframe and Engines. If such amounts are received with respect to the Airframe or any Engine(s) installed thereon at the time of such Event of Loss, upon Lessee’s compliance with the applicable terms of § 9 with respect to the Event of Loss for which such amounts are received, such amounts shall, subject to § 9.9, be paid over to, or (if received by Lessee after such compliance) retained by, Lessee.. *** Material has been omitted pursuant to a request for confidential treatment and filed separately with the SEC

Replacement of Airframe and Engines. If such amounts are received with respect to the Airframe or Airframe, and any Engine(s) Engine installed thereon at the time of such Event of Loss, then depending upon whether such amounts are above or below the Threshold Amount, such amounts will be paid over to either Lessor or Lessee’s , as applicable, in accordance with paragraph B.1(ii)(A) and (B) of Annex D, as applicable, and upon compliance by Lessee with the applicable terms of § 9 Section 10.1.3 with respect to the Event of Loss for which such amounts are received, any such amounts shall, subject not previously paid to § 9.9, Lessee shall be paid over to, or (if received by Lessee after such compliance) retained by, Lessee.