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Return of Other Engines Sample Clauses

Return of Other EnginesIn 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. 8 5.4 Fuel 8 6. LIENS 8 7. REGISTRATION; OPERATION; POSSESSION AND SUBLEASING..........................9
Return of Other EnginesIn 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, 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 thereof) and the Lessee shall, at its own expense and concurrently with such return, furnish the Lessor with (i) a full warranty xxxx of sale guaranteed by Lessee, in form and substance reasonably satisfactory to the Lessor and the Owner Participant, (ii) an Officer's Certificate as described in Section 7(e)(i)(F), 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 and, if the Indenture has not been discharged, shall request that the Indenture Trustee release such Engine from the Lien of the Indenture.
Return of Other EnginesIn 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. 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. Return at End of Base Lease Term or Renewal Lease Term. Upon return of the Aircraft at the expiration or termination of this Lease, Lessee shall have caused all FAA Airworthiness Directives applicable to the Aircraft and all mandatory service bulletins from Manufacturer, Engine Manufacturer or other manufacturer of an engine then installed on the Airframe (in compliance with Section 5.2) applicable to the Aircraft to have been complied with (except for any such FAA Airworthiness Directives and bulletins that permit compliance after the return date and would not, in the normal course of the Maintenance Program, be complied SALE AND LEASE AGREEMENT [N396SW] -21- 28 with on or prior to the return date). Lessee shall have treated the Aircraft, including without limitation with respect to maintenance, additions and modifications (including compliance with FAA Airworthiness Directives), during the Term similarly to all other Boeing 737-300 aircraft in its fleet, without in any way discriminating against the Aircraft, whether by reason of its leased status or otherwise. 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...
Return of Other EnginesIn 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 EnginesIn the event at the time the Aircraft is returned to Lessor pursuant to the terms of this Section 9 and an Engine fails to meet the return conditions for such Engine as set forth herein, Lessee may return installed on the Airframe a Rolls-Royce RB211-22B engine not owned by Lessor but meeting all of the standards set forth in this Section 9; any such engine shall be a Replacement Engine, and Lessee shall, 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 take such other actions conveying title to the Replacement Engine to Lessor free and clear of all liens other than Lessor's Liens and such additional documents, including an opinion of counsel acceptable to Lessor, as Lessor may request in order that title to such Replacement Engine shall be duly and properly vested in Lessor. Any Replacement Engine shall, at the time it replaces an Engine, have a fair market value at least as great as the Engine it replaces and no such Replacement Engine shall, prior to its installation on the Airframe and the return of the Aircraft to Lessor, have had any disk, module or other Part removed and replaced with a disk, module or other part of lesser value than that it replaced. Upon passage of title to Lessor such Replacement Engine shall be deemed to be an Engine for all purposes hereunder and thereupon Lessor shall transfer to Lessee, without recourse or warranty except a warranty of title excluding Lessor's Liens, all of Lessor's right, title and interest in and to any Engine not installed on the Airframe at the time of the return thereof to Lessor.
Return of Other Engines. 9 5.4 Fuel 9 6. LIENS 10