Return of Other Engines. In the event that any Engine owned by Lessor shall not be installed on the Airframe at the time of return hereunder, Lessee shall be required to return the Airframe hereunder with a Replacement Engine meeting the requirements of, and in accordance with, Section 10 hereof and Annex B hereto. Thereupon, Lessor will transfer to Lessee the Engine constituting part of such Aircraft but not installed on such Airframe at the time of the return of the Airframe.
Return of Other Engines. In the event that any engine not owned by Lessor and leased to Lessee hereunder shall be delivered with the returned Airframe (a "Replacement Engine"), Lessee shall, concurrently with such delivery, 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 each such Replacement Engine, in form and substance reasonably satisfactory to Lessor, and shall take such other action as Lessor may reasonably request with respect to the transfer of title thereof to Lessor. Upon transfer of title to Lessor, such Replacement Engine shall be deemed to be an Engine for all purposes hereof and thereupon Lessor shall transfer to Lessee, without any representation, warranty or recourse of any kind whatsoever, express or implied, except a warranty as to the absence of Lessor's Liens, all of Lessor's right, title, and interest in and to any Engine not installed on such Airframe at the time of the return thereof. A Replacement Engine shall be the same or improved make and model as the Engines and, in any event, both engines on the returned Airframe shall be of the same make and model. Any engine returned shall meet the requirements set forth in Section 8.10, and shall be in the same or better condition and have the same or greater remaining value, utility and useful life as the replaced Engine, assuming that the replaced Engine was in such condition and repair and of the value, utility and useful life required by this Lease.
Return of Other Engines. In the event that any engine that is not a Serviced Engine shall be installed on the Airframe returned, such engine shall be an engine suitable to be a Replacement Engine hereunder. Upon return of the Aircraft, Lessee shall duly convey to Lessor good title to any such engine, free and clear of all Liens and, upon such conveyance, Lessee will furnish Lessor with a full warranty xxxx of sale, in form and substance reasonably satisfactory to it, with respect to such engine and take such other action as may be reasonably requested in order that title to such engine may be duly and properly vested in Lessor to the same extent as the Engine replaced thereby. Upon conveyance of good title to such engine to Lessor, and upon full compliance by Lessee with its obligations hereunder, at Lessee's expenses, Lessor will transfer to Lessee all rights, title and interest originally conveyed to Lessor in an Engine constituting part of the Aircraft but not installed on the Airframe at the time of the return of the Airframe "as-is, where-is", free and clear of any Lessor's Liens but otherwise without recourse or warranty, express or implied to Lessee.
Return of Other Engines. 20 5.3 Return at End of Base Lease Term or Renewal Lease Term . . . . . . . . . . . . . . . . . . . . . . . 21 5.4 Manuals; Service Bulletins, Etc . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22 5.5 Failure to Return Aircraft or Engines . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22 5.6 Aid in Disposition . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22 5.7 Storage upon Return. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22 Section 6. Liens. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23
Return of Other Engines. In the event any engine not owned by the Lessor shall be returned with the Airframe, such engine shall satisfy the requirements for a Replacement Engine (and, in any event, the two engines returned shall be of the same model), shall be free and clear of all Liens other than Lessor's Liens and shall have a value, remaining useful life, utility and condition at least as great as the Engine replaced (assuming such Engine was maintained in accordance with the terms hereof) and the Lessee shall, at its own expense and concurrently with such return, furnish the Lessor with (i) a full warranty bill of sale guaranteed by Lessee, in form and substance reasonably xxxxsfactory to the Lessor and the Owner Participant, (ii) an Officer's Certificate as described in Section 7(e)(i)(D), and (iii) an opinion of counsel to the Lessee as described in Section 7(e)(ii), with respect to each such engine and shall take such other action as required by Section 7(e) to cause such engine to be a Replacement Engine or as the Lessor may reasonably request in order that such engine shall be duly and properly titled in the Lessor free and clear of all Liens other than Lessor's Liens. Upon passage of title such engine shall be deemed to be an Engine for all purposes hereof and thereupon the Lessor will transfer to the Lessee, in "as-is, where is" condition, without recourse or warranty except a warranty against Lessor's Liens, all right, title and interest of the Lessor or any Affiliate in and to an Engine not installed on the Airframe at the time of the return thereof.
Return of Other Engines. If any Engine owned by Lessor is not installed on the Airframe at the time of return hereunder, Lessee shall return the Airframe hereunder with a Replacement Engine meeting the requirements of, and in accordance with, § 9 and Annex B, as if the Engine replaced had suffered an Event of Loss on or before the return date and had been replaced on the return date. Thereupon, Lessor will transfer to Lessee the Engine constituting part of the Aircraft but not installed on the Airframe at the time of the return of the Airframe, and will deliver the documentation required therefor pursuant to § 4.5.
Return of Other Engines. In the event any engine not owned by ----------------------- Lessor shall be returned with the Airframe, it shall be a Replacement Engine, and Lessee will, at its own expense and concurrently with such return, furnish Lessor with a full warranty xxxx of sale, in form and substance satisfactory to Lessor, with respect to each such Replacement Engine and shall provide such other documents and instruments, opinions of counsel, and shall take such other actions as Lessor may reasonably request in order that title to such Replacement Engine shall be duly and properly vest in Lessor. Upon passage of title to Lessor such Replacement Engine shall be deemed to be an Engine for all purposes hereof and thereupon Lessor will transfer to Lessee, without recourse or warranty except a warranty of tide excluding 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 Other Engines. In the event that Lessee (or any Permitted Sublessee then in possession of the Aircraft) shall not then be using a continuous or "progressive" maintenance program with respect to the Airframe, Lessee agrees that at the time of such return, the Airframe shall have remaining until the next scheduled "C" check (which term, as used in this paragraph, shall include a "C" check and any other check equivalent thereto) at least 50% of the allowable hours between "C" checks permitted under the Maintenance Program then used by Lessee (or such Permitted Sublessee, as the case may be), and the condition set forth in Appendix A shall have been satisfied. In the event that Lessee (or any Permitted Sublessee then in possession of the Aircraft) shall then be using a continuous or "progressive" maintenance program with respect to the Airframe, then the Airframe shall be current on such program. If the conditions set forth in the first sentence of this paragraph shall be applicable to the Airframe but shall not have been met at the time of such return, Lessee shall perform (or cause to be performed) all maintenance work necessary to meet such conditions or, if Lessee shall so elect, Lessee shall pay or cause to be paid to Lessor an amount computed by multiplying (i) the current market cost of a "C" check by (ii) a fraction of which (x) the numerator shall be the excess of 50% of hours of operation allowable between such "C" checks over the actual number of hours of operation remaining on the Airframe to the next such "C" check, and (y) the denominator shall be the number of hours of operation allowable between such "C" check in accordance with such Maintenance Program. Lessee further agrees that, whether or not the then-current engine maintenance program is on-condition, the number of hours or cycles of operation (whichever shall be applicable under the Maintenance Program then in use with respect to such Engines or engines) on such Engines or engines remaining until the next scheduled engine refurbishment shall be at least 3,000 allowable hours or cycles (whichever shall be applicable) in the aggregate for both Engines or engines; provided, that each life limited Part within each Engine or engine shall have a minimum of 1,200 allowable hours or cycles (whichever shall be applicable) remaining until its next required replacement. If, at the time of such return, the Engines or engines do not meet the aggregate 3,000 hour condition specified in the previous sentence, Lessee s...
Return of Other Engines. 9 5.4 Fuel 9 6. LIENS 10
