Common use of Required Condition Clause in Contracts

Required Condition. The Aircraft when returned to the Lessor shall, at the Lessee's own cost and expense, meet the following requirements: (i) it shall, unless otherwise requested by the Lessor not less than 90 days prior to the end of the Term to retain the then-existing registration of the Aircraft, be duly registered in the name of the Lessor or its designee pursuant to the Transportation Code; (ii) it shall be clean by airline and cargo handling operating standards; (iii) the Airframe shall be returned with the Engines, or any replacements thereto as herein authorized, provided that the Airframe shall have an aggregate of two Engines or engines (as herein authorized under Section 12.02 hereof), both of the same make and model, installed thereon, together with the equipment, accessories or parts installed thereon on the Delivery Date or replacements therefor (as herein authorized) and alterations, modifications and additions thereto made in accordance with the provisions of this Lease; (iv) it shall be in the condition required by Section 12.04(b) hereof and in as good operating condition as when delivered to the Lessor on the Delivery Date, ordinary wear and tear excepted; (v) it shall have a currently effective airworthiness certificate issued by the Aeronautics Authority; (vi) it shall comply with any then applicable rules and regulations imposed by the Aeronautics Authority and, without limitation of the foregoing, terminate all airworthiness directives of, and mandatory modifications required by, the Aeronautics Authority (or any government or governmental authority, domestic or foreign, having jurisdiction over the Aircraft) to be terminated during the Term of the Lease and each Engine (including any Replacement Engine) shall be serviceable in accordance with the Lessee's FAA-approved maintenance program; (vii) it shall be free and clear of all Liens and rights of others (other than Lessor's Liens) including, without limitation, rights of third parties under pooling, interchange, overhaul, repair and other similar agreements or arrangements referred to in Section 7.02(a) hereof; and (viii) it shall be in a standard cargo configuration.

Required Condition. The Aircraft when returned to the Lessor shall, at the Lessee's own cost and expense, meet the following requirements: (i) it shall, unless otherwise requested by the Lessor not less than 90 days prior to the end of the Term to retain the then-existing registration of the Aircraft, be duly registered in the name of the Lessor or its designee pursuant to the Transportation Code; (ii) it shall be clean by airline and cargo handling operating standards; (iii) the Airframe shall be returned with the Engines, or any replacements thereto as herein authorized, provided that the Airframe shall have an aggregate of two three Engines or engines (as herein authorized under Section 12.02 hereof), both all of the same make and model, installed thereon, together with the equipment, accessories or parts installed thereon on the Delivery Date or replacements therefor (as herein authorized) and alterations, modifications and additions thereto made in accordance with the provisions of this Lease; (iv) it shall be in the condition required by Section 12.04(b) hereof and in as good operating condition as when delivered to the Lessor on the Delivery Date, ordinary wear and tear excepted; (v) it shall have a currently effective airworthiness certificate issued by the Aeronautics Authority; (vi) it shall comply with any then applicable rules and regulations imposed by the Aeronautics Authority and, without limitation of the foregoing, terminate all airworthiness directives of, and mandatory modifications required by, the Aeronautics Authority (or any government or governmental authority, domestic or foreign, having jurisdiction over the Aircraft) to be terminated during the Term of the Lease and each Engine (including any Replacement Engine) shall be serviceable in accordance with the Lessee's FAA-approved maintenance program; (vii) it shall be free and clear of all Liens and rights of others (other than Lessor's Liens) including, without limitation, rights of third parties under pooling, interchange, overhaul, repair and other similar agreements or arrangements referred to in Section 7.02(a) hereof; and (viii) it shall be in a standard cargo configuration.

Required Condition. The Aircraft when returned to the Lessor shall, at the Lessee's own cost and expense, meet the following requirements: (i) it shall, unless otherwise requested by the Lessor not less than 90 days prior to the end of the Term to retain the then-existing registration of the Aircraft, be duly registered in the name of the Lessor or its designee pursuant to the Transportation Code; (ii) it shall be clean by airline and cargo handling operating standards; (iii) the Airframe shall be returned with the Engines, or any replacements thereto as herein authorized, provided that the Airframe shall have an aggregate of two Engines or engines (as herein authorized under Section 12.02 hereof), both of the same make and model, installed thereon, together with the equipment, accessories or parts installed thereon on the Delivery Date or replacements therefor (as herein authorized) and alterations, modifications and additions thereto made in accordance with the provisions of this Lease; (iv) it shall be in the condition required by Section 12.04(b) hereof and in as good operating condition as when delivered to the Lessor on the Delivery Date, ordinary wear and tear excepted; (v) it shall have a currently effective airworthiness certificate issued by the Aeronautics Authority; (vi) it shall comply with any then applicable rules and regulations imposed by the Aeronautics Authority and, without limitation of the foregoing, terminate all airworthiness directives of, and mandatory modifications required by, the Aeronautics Authority (or any government or governmental authority, domestic or foreign, having jurisdiction over the Aircraft) to be terminated during the Term of the Lease and the Airframe and each Engine (including any Replacement Engine) shall be serviceable in accordance with the Lessee's FAA-approved maintenance program; (vii) it shall be free and clear of all Liens and rights of others (other than Lessor's Liens) including, without limitation, rights of third parties under pooling, interchange, overhaul, repair and other similar agreements or arrangements referred to in Section 7.02(a) hereof; and (viii) it shall be in a standard cargo configuration.

Required Condition. The Aircraft when returned to the Lessor shall, at the Lessee's own cost and expense, meet the following requirements: (i) it shall, unless otherwise requested by the Lessor not less than 90 days prior to the end of the Term to retain the then-existing registration of the Aircraft, shall be duly registered in the name of the Lessor or its designee pursuant to the Transportation Code, unless the Lessor or the Owner Participant shall have given the Lessee at least 90 days' prior written notice that the then-existing registration shall be retained; (ii) it shall be clean by airline and cargo handling operating standards; (iii) the Airframe shall be returned with the Engines, or any replacements thereto as herein authorized, provided that the Airframe shall have an aggregate of two three Engines or engines (as herein authorized under Section 12.02 hereof), both all of the same make and model, installed thereon, together with the equipment, accessories or parts installed thereon on the Delivery Date or replacements therefor (as herein authorized) and alterations, modifications and additions thereto made in accordance with the provisions of this Lease; (iv) it shall be in the condition required by Section 12.04(b7.01(b) hereof hereof, and otherwise be in as good operating condition and in as good operating physical condition as when delivered to the Lessor on by the Delivery DateLessee, ordinary wear and tear excepted; (v) it shall have a currently effective airworthiness certificate issued by the Aeronautics Authority; (vi) it shall comply with any then applicable rules and regulations imposed by the Aeronautics Authority and, without limitation of the foregoing, terminate all airworthiness directives of, and mandatory modifications required by, of the Aeronautics Authority (or any government or governmental authority, domestic or foreign, having jurisdiction over applicable to the Aircraft) Aircraft and required to be terminated during within 6 months after the end of the Term of the Lease and each Engine (including any Replacement Engine) shall be serviceable in accordance with the Lessee's FAA-approved maintenance program; (vii) it shall be free and clear of all Liens and rights of others (other than Lessor's LiensLiens (it being understood that, in connection with such transfer, the Owner Participant shall be responsible for removal of Lessor's Liens attributable to it, SSB shall be responsible for removal of Lessor's Liens attributable to it and the Owner Trustee shall be responsible for removal of Lessor's Liens attributable to the Owner Trustee, all in accordance with Section 7.03(b) or 7.04(b) as the case may be, of the Participation Agreement)) including, without limitation, rights of third parties under pooling, interchange, overhaul, repair and other similar agreements or arrangements referred to in Section 7.02(a) hereof; and; (viii) it shall be in a standard cargo configuration; and (ix) it shall not be subject to a use prohibition of the character described in clause (iv) of the definition of "Event of Loss".

Required Condition. The Aircraft when returned to the Lessor shall, at the Lessee's own cost and expense, meet the following requirements: (i) it shall, unless otherwise requested by the Lessor not less than 90 days prior to the end of the Term to retain the then-existing registration of the Aircraft, be duly registered in the United States in the name of the Lessor or its designee pursuant to the Transportation Code; (ii) it shall be clean by airline and cargo handling operating standards; (iii) the Airframe shall be returned with the Engines, or any replacements thereto as herein authorized, provided that the Airframe shall have an aggregate of two three Engines or engines (as herein authorized under Section 12.02 hereof), both all of the same make and model, installed thereon, together with the equipment, accessories or parts installed thereon on the Delivery Date or replacements therefor (as herein authorized) and alterations, modifications and additions thereto made in accordance with the provisions of this Lease; (iv) it shall be in the condition required by Section 12.04(b) hereof hereof, in the same configuration and in as good operating condition as when delivered to the Lessor on the Delivery Date, ordinary wear and tear excepted, and in compliance with the Lessee's maintenance program; (v) it shall have a currently effective airworthiness certificate issued by the Aeronautics Authority; (vi) it shall comply with any then applicable rules and regulations imposed by the Aeronautics Authority and, without limitation of the foregoing, terminate all airworthiness directives of, and mandatory modifications required by, of the Aeronautics Authority (or and any other government or governmental authority, domestic or foreign, having jurisdiction over the Aircraft) to be terminated during the Term of the Lease and each Engine (including any Replacement Engine) shall be serviceable in accordance with the Lessee's FAA-approved maintenance program; (vii) it shall be free and clear of all Liens and rights of others (other than Lessor's Liens) including, without limitation, rights of third parties under pooling, interchange, overhaul, repair and other similar agreements or arrangements referred to in Section 7.02(a) hereof; and (viii) it shall be in a standard cargo configuration.

Required Condition. The Aircraft when returned to the Lessor shall, at the Lessee's own cost and expense, meet the following requirements: (i) it shall, unless otherwise requested by the Lessor not less than 90 days prior to the end of the Term to retain the then-existing registration of the Aircraft, shall be duly registered in the name of the Lessor or its designee pursuant to the Transportation Code, unless the Lessor shall have given the Lessee at least 60 days' prior written notice that the then-existing registration shall be retained; (ii) it shall be clean by airline and cargo handling operating standards; (iii) the Airframe shall be returned with the Engines, or any replacements thereto as herein authorized, provided that the Airframe shall have an aggregate of two three Engines or engines (as herein authorized under Section 12.02 hereof), both all of the same make and model, installed thereon, together with the equipment, accessories or parts installed thereon on the Delivery Date or replacements therefor (as herein authorized) and alterations, modifications and additions thereto made in accordance with the provisions of this Lease; (iv) it shall be in the condition required by Section 12.04(b7.01(b) hereof hereof, and otherwise be in as good operating condition and in as good physical condition as when delivered to the Lessor on the Delivery Datedelivered, ordinary wear and tear excepted; (v) it shall have a currently effective airworthiness certificate issued by the Aeronautics Authority; (vi) it shall comply with any then applicable rules and regulations imposed by the Aeronautics Authority and, without limitation of the foregoing, terminate all airworthiness directives of, and mandatory modifications required by, of the Aeronautics Authority (or any government or governmental authority, domestic or foreign, having jurisdiction over applicable to the Aircraft) Aircraft and required to be terminated during within 6 months after the end of the Term of the Lease and each Engine (including any Replacement Engine) shall be serviceable in accordance with the Lessee's FAA-approved maintenance program; (vii) it shall be free and clear of all Liens and rights of others (other than Lessor's LiensLiens (it being understood that, in connection with such transfer, the Owner Participant shall be responsible for removal of Lessor's Liens attributable to it, FSB shall be responsible for removal of Lessor's Liens attributable to it and the Owner Trustee shall be responsible for removal of Lessor's Liens attributable to the Owner Trustee, all in accordance with Section 7.03(b) or 7.04(b) as the case may be, of the Participation Agreement)) including, without limitation, rights of third parties under pooling, interchange, overhaul, repair and other similar agreements or arrangements referred to in Section 7.02(a) hereof; and; (viii) it shall be in a standard cargo configuration; and (ix) it shall not be subject to a use prohibition of the character described in clause (iv) of the definition of "Event of Loss".