Return of Engines. If any engine not owned by the Lessor shall be delivered with the Airframe as set forth in Section 12.01 hereof, the Lessee, concurrently with such delivery, will, at its own cost and expense furnish the Lessor with (i) a full warranty xxxx of sale, in form and substance reasonably satisfactory to the Lessor, with respect to such engine, (ii) an opinion of the Lessee's counsel to the effect that, upon such return, the Lessor will acquire full right, title and interest to such engine free and clear of all Liens (other than Lessor's Liens) and (iii) a certificate as described in Section 11.04(b)(iii) hereof. The Lessee shall take such other action as the Lessor may reasonably request in order that such Replacement Engine shall be duly and properly titled in the Lessor free and clear of all Liens (other than Lessor's Liens), and the Lessor will then (i) transfer to the Lessee, without recourse or warranty (except as to the absence of Lessor's Liens), and subject to the disclaimers provided in Section 5.01 hereof, all the Lessor's right, title and interest in and to any Engine in lieu of which a Replacement Engine has been delivered pursuant to Section 12.01 hereof, "as is, where is" and (ii) deliver to the Lessee such instrument as the Lessor shall have received from the Indenture Trustee, releasing such Engine from the Lien of the Indenture.
Return of Engines. If any engine not owned by the Lessor shall be delivered with the Airframe as set forth in Section 12.01 hereof, the Lessee, concurrently with such delivery, will, at its own cost and expense furnish the Lessor with (i) a full warranty bill of sale, in form and substance reasonably satisfactory to the Lxxxxr, with respect to such engine, (ii) an opinion of the Lessee's counsel to the effect that, upon such return, the Lessor will acquire full right, title and interest to such engine free and clear of all Liens (other than Lessor's Liens (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)) and (iii) a certificate as described in Section 11.04(b)(iii) hereof. The Lessee shall take such other action as the Lessor may reasonably request in order that such Replacement Engine shall be duly and properly titled in the Lessor free and clear of all Liens (other than Lessor's Liens (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)), and the Lessor will then (i) transfer to the Lessee, without recourse or warranty (except as to the absence of Lessor's Liens (other than Lessor's Liens (it being understood that, in connection with such transfer, the Owner Participant shall be responsible for removal of Lessor's Liens attributable to it and 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)), all the Lessor's right, title and interest in and to any Engine in lieu of which a Replacement Engine has been delivered pursuant to Section 12.01 hereof, "as is, where is" and (ii) deliver to t...
Return of Engines. In the event that any Replacement Engine not owned by Lessor shall be delivered installed on the returned Airframe as set forth in paragraph (a) of this Section 16, Lessee, concurrently with such delivery, will, at no cost to Lessor, furnish, or cause to be furnished, to Lessor a full warranty (as to title) xxxx of sale with respect to such Replacement Engine, in form and substance satisfactory to Lessor (together with an opinion of counsel to the effect that such full warranty xxxx of sale has been duly authorized and delivered and is enforceable in accordance with its terms and that such Replacement Engine is free and clear of Liens other than Lessor's Liens), against receipt from Lessor of a xxxx of sale evidencing the transfer, without recourse or warranty (except as to the Lessor's title and the absence of Lessor's Liens), by Lessor to Lessee or its designee of all of Lessor's right, title and interest in and to an Engine not installed on the Airframe at the time of the return of the Airframe. If any such xxxx of sale transferring title of an engine to Lessor shall be executed by a Permitted Sublessee, Lessee will guaranty to Lessor the title warranty contained in such xxxx of sale. Lessee shall also take (or cause any Permitted Sublessee to take) such other action as Lessor may reasonably request in connection with such transfer of any such engine.
Return of Engines a. Lessee will perform or cause to be performed at Lessees cost all requirements of this Section 1 the satisfaction of the Lessor. On each Engine immediately prior to its return to Lessor, a (compressor and turbine section) video borescope inspection and a full test cell run or Max Po Assurance Run as described below: Manufacturer Engine Model Test Number Manual Reference Xxxxx & Xxxxxxx JT9D 20 Engine Manual The borescope inspection and test cell run or Max Power Assurance Run shall be performed by a repair facility acceptable to Lessor; and Lessee shall obtain Lessor's prior written approval for said repair facility. Lessee will provide Lessor with at least 5 Business Days advance written notice of such Engine inspection and test, so that Lessor may have the opportunity to witness same. If the boroscope inspection or test cell run identifies any Engine defect. Lessee will immediately notify the Lessor of the finding and will take corrective action per the request of Lessor.
b. Upon expiration of the Lease Term or other valid termination of a Lease, Lessee will return t leased Engine to the redelivery location as specified in exhibit A
c. In addition to any other requirements of this Agreement, upon return of the Engines to Less each Engine will be accompanied by the following documentation:
i. Either an FAA 8130-3 Form, or a EASA Form 1 with FAA dual return service release tag
ii. An FAA Form 337 or an equivalent acceptable to Lessor, in Lessor's sole discretion applicable, based on repairs that may have been performed on the Engine during t Lease);
iii. A Signed Non-Incident Statement, in the form of Exhibit C, on Lessee Letterhead;
iv. A Signed Engine life-limited parts summary and a summary disk sheet, showing the l remaining at redelivery for each life-limited part;
v. A Signed updated AD/SB report, describing the Engine status at redelivery;
vi. A signed Times and Cycles report for all activity of the engine covering the duration of t lease period with backup copy of aircraft flight logs showing engine use;
vii. Component list of all parts installed during lease term; and
viii. All technical records generated for the Engine during the Lease and all 8130 tags of a parts or components installed during the lease period.
d. Prior to returning the Engine to Lessor, Lessee will prepare each Engine for shipment by (i) capping and plugging all openings of the Engine; (ii) preserving the Engine for storage for more than nine (90) days (that is, Xxxxx & Whitn...
Return of Engines. In the event any engine not owned by Lessor shall be returned with the Airframe in lieu of an Engine and the reason therefor is other than that an Event of Loss has occurred to such Engine, Lessor shall not be obligated to accept such engine unless it meets the requirements for a Replacement Engine, is free and clear of Liens, is suitable for use on the Airframe with the other Engine or engine being returned with the Airframe, in the condition required by EXHIBIT D-1 or EXHIBIT D-2, as applicable, and has an expected useful life at least equal to, the Engine that should have been returned, assuming such Engine which should have been returned was in the condition and repair as required by the terms hereof immediately prior to such required. Lessee shall, at its own expense and concurrently with such delivery, convey such Replacement Engine to Lessor in accordance with the requirements in Section 12.02(a). Upon full compliance with this Section 18.03 and passage of title to such engine to Lessor, such engine shall be an Engine for all purposes of this Lease and Lessor shall transfer to Lessee all Lessor's right, title and interest in an Engine constituting part of the Aircraft so returned but not installed on the Aircraft at the time of such return, without any representation, warranty or recourse of any kind whatsoever, express or implied, except a warranty that such Engine is free and clear of Liens created by Lessor.
Return of Engines. In the event that any engine not owned by Lessor shall be installed on the returned Airframe as set forth in paragraph (a) of this Section, then Lessee will, concurrently with such delivery, at its own expense and not at any cost to Lessor, furnish Lessor with a full warranty bill xx sale, in form and substance satisfactory to Lessor, with respect to each such engine and with a written opinion of FAA Counsel to the effect that, upon such return, Lessor will acquire good and marketable title to such engine, free and clear of all Liens (except Lessor's Liens). Thereupon, unless a Default or Event of Default shall have occurred and be continuing, Lessor will transfer to Lessee, without recourse or warranty of any kind whatsoever (except as to Lessor's Liens) on an "AS-IS, WHERE-IS" BASIS WITHOUT ANY REPRESENTATION BY, OR RECOURSE OR WARRANTY TO, LESSOR, all of Lessor's right, title and interest in and to any Engine not installed on the Airframe at the time of the return of such Airframe.
Return of Engines. (a) Each Engine (including, without limitation, burner cans) shall have just completed a hot and cold section borescope inspection (which inspection Lessee shall cause to be recorded on videotape and shall provide a copy of such videotape to Lessor on the Return Occasion), and a power assurance shall have been run in accordance with the Maintenance Program or the manufacturer's maintenance manual and any defects discovered in such inspection exceeding manufacturer's in service limits for normal operations shall be corrected at Lessee's expense. Both the borescopes and the power assurance runs shall take place at the Return Location.
(b) No Engine shall be on "Watch" for excessive oil consumption, high Exhaust Gas Temperature or any special or out of sequence inspection and each such Engine shall comply with the operations specification of Lessee.
(c) No Engine will have less than 3,500 Engine flight hours and 2,500 Engine cycles (3,000 Engine flight hours and 2,000 Engine cycles if the Aircraft is returned at the end of second or third Renewal Term) of expected life remaining to the next scheduled removal. The expected life remaining will be determined in accordance with this Lease by review of the Engine LLP records and the borescope inspection and power assurance run referred to in subparagraph (a) above.
Return of Engines. If, notwithstanding the requirement set forth in Section 8(a) that Lessee return the Engines to Lessor, Lessee wishes to return the Aircraft with an engine other than an Engine installed on the Airframe and if Lessor Is willing in its sole reasonable discretion to accept such engine, then concurrently with such return Lessee will, at its sole expense, furnish Lessor with (i) a full warranty xxxx of sale, in form and substance satisfactory to Lessor, with respect to each such engine,(ii) a written opinion of FAA Counsel to the effect that such engine is free and clear of all Liens other than Lessor’s Liens. Lessee shall and take all such other steps as are necessary to effect the registration of such sale with the International Registry. Upon receipt of the xxxx of sale and opinion, unless a Default or Event of Default has occurred and is continuing, Lessor will transfer to Lessee on an “AS-IS, WHERE-IS” BASIS WITHOUT ANY REPRESENTATION OR WARRANTY BY LESSOR (OTHER THAN AS TO LESSOR’S LIENS), all of Lessor’s right, title and interest in and to the Engine that was replaced by the engine.
Return of Engines. Lessee may return the Aircraft with a substitute engine or engines, provided that such engine conforms to all applicable requirements set forth in this Section 6. In the event any engine not owned by Lessor shall be returned with the Airframe, Lessee will, at its own expense and concurrently with such return, furnish Lessor with a full warranty bill of sale, free and clear of all liens, claims and encumbrances, xx form and substance satisfactory to Lessor, with respect to each such replacement engine and shall take such other action as Lessor may reasonably request in order that such replacement engine shall be duly and properly titled in Lessor. Upon passage of title to Lessor such replacement engine shall be deemed to be an Engine for all purposes hereof 34 and thereupon Lessor will transfer to Lessee, without recourse or warranty except a warranty as to Lessor's title and the absence of Lessor's Liens, all of Lessor's right, title and interest in and to an Engine not installed on such Airframe at the time of the return thereof.
Return of Engines. In the event that any engine not owned by Lessor shall be delivered with any returned Airframe as set forth in paragraph (a) of this Section 5, Lessee, concurrently with such delivery, will, at its own expense and at no cost to Lessor, convey title to such engine to Lessor, provided that each of such engines shall be of the same or improved manufacturer's type and model, and furnish Lessor with a full warranty xxxx of sale, in form and substance satisfactory to Lessor, with respect to each such engine and with an opinion of Lessee's counsel to the effect that, upon such return, Lessor will acquire full title to such engine, and Lessee shall take such other action as Lessor may reasonably request, and thereupon Lessor will transfer to Lessee, without recourse or warranty (except as to Lessor Liens and Unmatured Lessor Liens attributable to it), all Lessor's right, title and interest in and to an Engine not installed on such Airframe at the time of its return.
