Common use of Substitution of Engine Clause in Contracts

Substitution of Engine. In addition to its rights under Clause 13, Sublessee shall have the right at its option at any time, on at least thirty (30) days prior written notice to Owner Trustee, Lender and Sublessor, to substitute or procure the substitution of an engine of the same make and model as the Engine specified in Schedule 1 or an engine of an improved model suitable for installation and use on the Airframe for any such Engine not then installed or held for use on the Airframe. Any such substitute engine, the substitution of which is in accordance with the provisions of this Clause 16.6 and which complies with the requirements of this Clause 16.6 being a "Replacement Engine" provided that title to the Replacement Engine shall be vested in Owner Trustee, subject to the Mortgage, free and clear of all Security Interests, other than Permitted Liens, and the Replacement Engine shall have a value and utility and maintenance status, including time since last Engine Performance Restoration Visit, at least equal to the replaced Engine and time since new no greater than the replaced Engine as reasonably determined by Sublessor, assuming that such Engine was in the condition and repair required to be maintained by the terms of this Agreement and Sublessee shall deliver such documents including a xxxx of sale and opinion of counsel as to title and recordation with the FAA, as Sublessor may reasonably request to evidence the foregoing. In such event, immediately upon the effectiveness of such substitution on the date set forth in such notice and without further act:

Substitution of Engine. In addition to its rights under Clause 13, Sublessee Lessee shall have the right at its option at any time, on at least thirty (30) days prior written notice to Owner Trustee, Lender and SublessorLessor, to substitute or procure the substitution of an engine of the same make and model as the Engine specified in Schedule 1 or an engine of an improved model suitable for installation and use on the Airframe for any such Engine not then installed or held for use on the Airframe. Any such substitute engine, the substitution of which is in accordance with the provisions of this Clause 16.6 and which complies with the requirements of this Clause 16.6 being a "Replacement Engine" provided that title to the Replacement Engine shall be vested in Owner Trustee, subject to the Mortgage, free and clear of all Security Interests, other than Permitted Liens, and the Replacement Engine shall have a value and utility and maintenance status, including time since last Engine Performance Restoration Visit, at least equal to the replaced Engine and time since new no greater than the replaced Engine as reasonably determined by SublessorLessor, assuming that such Engine was in the condition and repair required to be maintained by the terms of this Agreement and Sublessee Lessee shall deliver such documents including a xxxx of sale and opinion of counsel as to title and recordation with the FAA, as Sublessor Lessor may reasonably request to evidence the foregoing. In such event, immediately upon the effectiveness of such substitution on the date set forth in such notice and without further act:

Substitution of Engine. In addition to its rights under Clause 1314, Sublessee shall have the right at its option at any time, on at least thirty (30) days days' prior written notice to Owner Trustee, Sublessor's Lender and Sublessor, to substitute or procure the substitution of an a CFM INTERNATIONAL CFM 56-3C1 engine of the same make and model as the Engine specified in Schedule 1 or an engine of an improved model suitable for installation and use on the Airframe for any such Engine not then installed or held for use on the Airframe. Any such substitute engine, the substitution of which engine that is substituted in accordance with the provisions of this Clause 16.6 17.6 and which that complies with the requirements of this Clause 16.6 17.6 being a "Replacement Engine" provided that title to the Replacement Engine shall be vested in Owner Trustee, subject to the Mortgage, Mortgage free and clear of all Security Interests, other than Permitted Liens, and the Replacement Engine shall have a value and utility and maintenance status, including time since last Engine Performance Restoration Visit, at least equal to the replaced Engine and time since new no greater than the replaced Engine as reasonably determined by Sublessor, assuming that such Engine was in the condition and repair required to be maintained by the terms of this Agreement and Sublessee shall deliver such documents including a xxxx of sale sale, Sublease Supplement, and opinion of counsel as to title and recordation with the FAA, as Sublessor may reasonably request to evidence the foregoing. In such event, immediately upon the effectiveness of such substitution on the date set forth in such notice and without further act: