Common use of Return of Lease Engines Clause in Contracts

Return of Lease Engines. AIRLINE will redeliver the lease engine Delivery Duty Paid (DDP, Incoterms 2000) to a CFM housekeeping facility as identified by CFM as soon as practicable, but in no case later than ***** following Redelivery of an Engine. AIRLINE will pay the hourly restoration charges and the LLP fees per flight cycle payable under the lease in respect of the lease engine during such ***** period and CFM will waive the daily engine rental fees payable under the lease in respect of the lease engine. AIRLINE will commence paying any and all lease fees on ***** following correction of the AOG condition.

Appears in 2 contracts

Samples: Hour Agreement (Virgin America Inc.), Hour Agreement (Virgin America Inc.)

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Return of Lease Engines. AIRLINE will redeliver the lease engine Delivery Duty Paid (DDP, Incoterms 2000) to a CFM housekeeping facility as identified by CFM as soon as practicable, but in no case later than ***** following Redelivery of an Engine. AIRLINE will pay the hourly restoration charges and the LLP fees per flight cycle payable under the lease in respect of the lease engine during such ***** period and CFM will waive the daily engine rental fees payable under the lease in respect of the lease engine. AIRLINE will commence paying any and all lease fees on the ***** following correction of the AOG condition.*

Appears in 1 contract

Samples: Hour Agreement (Virgin America Inc.)

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Return of Lease Engines. AIRLINE will redeliver the lease engine Delivery Duty Paid (DDP, Incoterms 2000) to a CFM housekeeping facility as identified by CFM as soon as practicable, but in no case later than ***** following Redelivery of an Engine. AIRLINE will pay the hourly restoration charges and the LLP fees per flight cycle payable under the lease in respect of the lease engine during such ***** period and CFM will waive the daily engine rental fees payable under the lease in respect of the lease engine. AIRLINE will commence paying any and all lease fees on the ***** following correction of the AOG condition*.

Appears in 1 contract

Samples: Hour Agreement (Virgin America Inc.)

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