Common use of Technical Acceptance Clause in Contracts

Technical Acceptance. In the event that upon completion of the Initial Inspection, the Borescope Inspection, the Ground Functional Check, the On-Wing Power Assurance Runs and the Test Cell Runs (collectively, the “Maintenance Tests”), Seller, at its own cost, shall correct, or cause the Previous Operator to correct any Discrepancies as set forth in this Section. For purposes of this Agreement, “Discrepancies shall mean: (i) with respect to the Maintenance Tests (other than the Initial Inspection) on any Engines, any discrepancies revealed that are outside the limits permitted by the Previous Operator’s maintenance program (each, an “Engine Test Discrepancy”), (ii) with respect to the Initial Inspection of the records with respect to any Engine, any discrepancies revealed from the Previous Operator’s or the manufacturer’s maintenance programs, at Buyer’s discretion (each an “Engine Records Discrepancy”), (iii) with respect to the Maintenance Tests (other than the Initial Inspection) on any Airframe, any discrepancies revealed that are outside the limits permitted by the Previous Operators maintenance program (“Airframe Test Discrepancies”), (iv) with respect to the Initial Inspection of the records with respect to any Airframe, any discrepancies revealed from the Previous Operator’s or the manufacturer’s maintenance programs, at Buyer’s discretion (each an “Airframe Records Discrepancy”), and (v) in the case of APU and landing gear, any discrepancies revealed that are outside the limits of the manufacturer’s maintenance manual (“APU/Landing Gear Discrepancies”), provided, however, that discrepancies as to the traceability documentation for the Landing Gear shall not be considered “Discrepancies” and Buyer acknowledges that such discrepancies have already been compensated for in the Purchase Price. Seller, at its own cost, shall correct, or cause the Previous Operator to correct any such Discrepancies in the following manner:

Technical Acceptance. In the event that upon completion of the Initial Inspection, the Borescope Inspection, the Ground Functional Check, the On-Wing Power Assurance Runs and the Test Cell Runs (collectively, the “Maintenance Tests”), Seller, at its own cost, shall correct, or cause the Previous Operator to correct any Discrepancies as set forth in this Section. For purposes of this Agreement, “Discrepancies shall mean: (i) with respect to the Maintenance Tests (other than the Initial Inspection) on any Engines, any discrepancies revealed that are outside the limits permitted by the Previous Operator’s maintenance program (each, an “Engine Test Discrepancy”), (ii) with respect to the Initial Inspection of the records with respect to any Engine, any discrepancies revealed from the Previous Operator’s or the manufacturer’s maintenance programs, at Buyer’s discretion (each an “Engine Records Discrepancy”), (iii) with respect to the Maintenance Tests (other than the Initial Inspection) on any Airframe, any discrepancies revealed that are outside the limits permitted by the Previous Operators maintenance program (“Airframe Test Discrepancies”), (iv) with respect to the Initial Inspection of the records with respect to any Airframe, any discrepancies revealed from the Previous Operator’s or the manufacturer’s maintenance programs, at Buyer’s discretion (each an “Airframe Records Discrepancy”), and (v) in the case of APU and landing gear, any discrepancies revealed that are outside the limits of the manufacturer’s maintenance manual (“APU/Landing Gear Discrepancies”), provided, however, that discrepancies as to the traceability documentation for the Landing Gear shall not be considered “Discrepancies” and Buyer acknowledges that such discrepancies have already been compensated for in the Purchase Price. Seller, at its own cost, shall correct, or cause the Previous Operator to correct any such Discrepancies in the following manner:: 6