Common use of Return of Engine Clause in Contracts

Return of Engine. If the Engine becomes Unserviceable, Lessee shall promptly redeliver the Engine Package in accordance with 11.1 and 11.5 save where: (i) Lessee is required to procure the repair of the Engine under the last clause of 4.6.3; (ii) Lessee promptly takes the action permitted by 4.7.2(ii)(a); or (iii) 7.2.1(ii)(a) applies, and the Engine is delivered to the Agreed Maintenance Performer to repair a Partial Loss.

Appears in 3 contracts

Samples: Master Short Term Engine Lease Agreement (Air T Inc), Master Short Term Engine Lease Agreement, Master Short Term Engine Lease Agreement

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Return of Engine. If the Engine becomes Unserviceable, Lessee shall promptly redeliver the Engine Package in accordance with 11.1 and 11.5 save where: (i) : Lessee is required to procure the repair of the Engine under the last clause of 4.6.3; (ii) ; Lessee promptly takes the action permitted by 4.7.2(ii)(a); or 7.2.1 (iii) 7.2.1(ii)(aii)(a) applies, and the Engine is delivered to the Agreed Maintenance Performer to repair a Partial Loss.

Appears in 1 contract

Samples: Master Short Term Engine Lease Agreement

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