Common use of Status Upon Return Clause in Contracts

Status Upon Return. Upon any Return Occasion hereunder, the Engine shall be: (i) free and clear of all Liens, except for the Lien of the Indenture, Head Lessor's Liens, Lessor's Liens and Lenders' Liens, (ii) duly certified as an airworthy engine by the FAA under Part 121 of the regulations promulgated under the Federal Aviation Act which are in effect on the date of such Return Occasion; (iii) in full airworthy condition for over water and EROPS operation according to the FAA standards required to allow the Engine to be operated under, and in full compliance with, an applicable standard certificate of airworthiness and Part 121 of the regulations promulgated under the Federal Aviation Act for such operation, such compliance to be by means of such mechanical repairs or modifications or such inspections as may be required thereby, but not by operational restrictions, by logbook entries or other method of acceptance of such restrictions; (iv) in full compliance with Lessee's Maintenance Program; (v) in full compliance with the maintenance and operation provisions of this Lease and all FAA airworthiness directives, mandatory service bulletins and equivalent requirements which by their terms require compliance on or before the last day of the Term (without regard to any deferral, waiver, deviation or exemption granted by the FAA specifically to Lessee delaying such compliance); (vi) in good and airworthy operating condition, and in the same condition as when delivered to

Status Upon Return. Upon any Return Occasion hereunder, the Engine shall be: (i) free and clear of all Liens, except for the Lien of the Indenture, Head Lessor's Liens, Lessor's Liens and Lenders' Liens, (ii) duly certified as an airworthy engine by the FAA under Part 121 of the regulations promulgated under the Federal Aviation Act which are in effect on the date of such Return Occasion; (iii) in full airworthy condition [for over water and EROPS operation operation] according to the FAA standards required to allow the Engine to be operated under, and in full compliance with, an applicable standard certificate of airworthiness and Part 121 of the regulations promulgated under the Federal Aviation Act for such operation, such compliance to be by means of such mechanical repairs or modifications or such inspections as may be required thereby, but not by operational restrictions, by logbook entries or other method of acceptance of such restrictions; (iv) in full compliance with Lessee's Maintenance Program; (v) in full compliance with the maintenance and operation provisions of this Lease and all FAA airworthiness directives, mandatory service bulletins and equivalent requirements which by their terms require compliance on or before the last day of the Term (without regard to any deferral, waiver, deviation or exemption granted by the FAA specifically to Lessee delaying such compliance); (vi) in good and airworthy operating condition, and in the same condition as when delivered toto Lessee hereunder, ordinary wear and tear excepted, with no open or outstanding deferred maintenance items, scheduled or unscheduled, with all systems and components fully serviceable and operational and with no placards restricting operation or use, and (vii) with all remaining warranties, indemnities, policies and guarantees referred to in Section 5(d) made available to Lessor in a manner and by documents in form and substance reasonably satisfactory to Lessor.