Replacement of Parts Modifications and Improvements Sample Clauses

Replacement of Parts Modifications and Improvements. The Borrower will not and will require each TSA Party not to make or authorize any improvement, change, addition or alteration to the Portfolio Railcars (i) if such improvement, change, addition or alteration will impair in any material respect the originally intended function or use of such Portfolio Railcar or impair the value of such Portfolio Railcar as it existed immediately prior to such improvement, change, addition or alteration; (ii) unless the parts installed are in material compliance with all applicable rules and recommendations of A.A.R. and FRA; or (iii) if any parts installed in or attached to or otherwise becoming a part of such Portfolio Railcar as a result of any such improvement, change, addition or alteration shall not be readily removable without permanent damage to such Portfolio Railcar (unless such improvement is mandated by A.A.R., FRA or other agency or organization having jurisdiction over such Portfolio Railcar, or otherwise by Applicable Law). All such parts shall be and remain free and clear of any Liens (other than Permitted Liens) and shall become part of the applicable Portfolio Railcar, unless it can be removed without damaging or diminishing the value of such Portfolio Railcar.
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Replacement of Parts Modifications and Improvements 
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Related to Replacement of Parts Modifications and Improvements

  • Alterations and Improvements Tenant shall make no alterations to the buildings or improvements on the Premises or construct any building or make any other improvements on the Premises without the prior written consent of Landlord. Any and all alterations, changes, and/or improvements built, constructed or placed on the Premises by Tenant shall, unless otherwise provided by written agreement between Landlord and Tenant, be and become the property of Landlord and remain on the Premises at the expiration or earlier termination of this Agreement.

  • Replacement of Parts Except as otherwise provided herein, so long as the Airframe or Engine is subject to the Lien of this Indenture, Owner, at its own cost and expense, will, or will cause a Permitted Lessee to, at its own cost and expense, promptly replace (or cause to be replaced) all Parts which may from time to time be incorporated or installed in or attached to the Aircraft, Airframe or any Engine and which may from time to time become worn out, lost, stolen, destroyed, seized, confiscated, damaged beyond repair or permanently rendered unfit for use for any reason whatsoever. In addition, Owner may, at its own cost and expense, or may permit a Permitted Lessee at its own cost and expense to, remove (or cause to be removed) in the ordinary course of maintenance, service, repair, overhaul or testing any Parts, whether or not worn out, lost, stolen, destroyed, seized, confiscated, damaged beyond repair or permanently rendered unfit for use; provided, however, that Owner, except as otherwise provided herein, at its own cost and expense, will, or will cause a Permitted Lessee at its own cost and expense to, replace such Parts as promptly as practicable. All replacement parts shall be free and clear of all Liens, except for Permitted Liens and pooling arrangements to the extent permitted by Section 4.04(c) below (and except in the case of replacement property temporarily installed on an emergency basis) and shall be in good operating condition and have a value and utility not less than the value and utility of the Parts replaced (assuming such replaced Parts were in the condition required hereunder).

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