Temporary Replacement. Lessee may install any engine or part on the Aircraft as a temporary replacement if: (i) no Event of Default has occurred and is continuing; (ii) there is not available an engine or part complying with the requirements of the Lease for a Replacement Engine or Part; (iii) it would result in an unreasonable disruption of the operation of the Aircraft or the business of Lessee to have the Aircraft grounded until such time as an engine or part complying with the requirements of the Lease for a Replacement Engine or Part becomes available for installation; (iv) as soon as practicable (under Lessee's engine rotation program in the case of an engine) after an engine or part is installed on the Aircraft, but before the Expiry Date, Lessee removes that engine or part and replaces it with the original Engine or Part (or by an engine or part which is allowed by Section 8.11(b)); and (v) the Insurance for the Aircraft is not adversely affected.
Appears in 2 contracts
Samples: Aircraft Lease (Kitty Hawk Inc), Aircraft Lease (Kitty Hawk Inc)
Temporary Replacement. Lessee may install any engine or part on the Aircraft as a temporary replacement if:
(i) no Event of Default has occurred and is continuing;
(ii) there is not available an engine or part complying with the requirements of the Lease for a Replacement replacement Engine or Part;
(iii) it would result in an unreasonable disruption of the operation of the Aircraft or the business of Lessee to have the Aircraft grounded until such time as an engine or part complying with the requirements of the Lease for a Replacement replacement Engine or Part becomes available for installation;
(iv) as soon as practicable (under Lessee's engine rotation program in the case of an engine) after an engine or part is installed on the Aircraft, but before the earlier of sixty (60) days after such temporary replacement or the Expiry Date, Lessee removes that engine or part and replaces it with the original Engine or Part (or by an engine or part which is allowed by Section 8.11(b)); and
(v) the Insurance Insurances for the Aircraft is are not adversely affected.
Appears in 2 contracts
Samples: Aircraft Lease Agreement (Turn Works Acquisition Iii Sub a Inc), Aircraft Lease Agreement (Turn Works Acquisition Iii Sub a Inc)
Temporary Replacement. Lessee may install any engine or part on the Aircraft as a temporary replacement if:.
(i) no Event of Default has occurred and is continuing;
(ii) there is not available an engine or part complying with the requirements of the Lease for a Replacement replacement Engine or Part;
(iii) it would result in an unreasonable disruption of the operation of the Aircraft or the business of Lessee to have the Aircraft grounded until such time as an engine or part complying with the requirements of the Lease for a Replacement replacement Engine or Part becomes available for installation;
(iv) as soon as practicable (under Lessee's engine rotation program in the case of an engine) after an engine or part is installed on the Aircraft, but before the earlier of sixty (60) days after such temporary replacement or the Expiry Date, Lessee removes that engine or part and replaces it with the original Engine or Part (or by an engine or part which is allowed by Section 8.11(b8.11 (b)); and
(v) the Insurance Insurances for the Aircraft is are not adversely affected.
Appears in 1 contract
Samples: Aircraft Lease Agreement (Turn Works Acquisition Iii Sub a Inc)
Temporary Replacement. Lessee may install any engine or part on the Aircraft as a temporary replacement if:
(i) no Event of Default has occurred and is continuing;
(ii) there is not available an engine or part complying with the requirements of the Lease for a Replacement replacement Engine or Part;
(iii) it would result in an unreasonable disruption of the operation of the Aircraft or the business of Lessee to have the Aircraft grounded until such time as an engine or part complying with the requirements of the Lease for a Replacement replacement Engine or Part becomes available for installation;
(iv) as soon as practicable (under Lessee's engine rotation program in the case of an engine) after an engine or part is installed on the Aircraft, but before the earlier of sixty (60) days after such temporary replacement or the Expiry Date, Lessee removes that engine or part and replaces it with the original Engine or Part (or by an engine or part which is allowed by Section 8.11(b)); and
(v) the Insurance Insurances for the Aircraft is are not adversely affected.
Appears in 1 contract
Samples: Aircraft Lease Agreement (Turn Works Acquisition Iii Sub a Inc)
Temporary Replacement. Lessee may install any engine or part on the Aircraft as a temporary replacement if:
: (i) no Event of Default has occurred and is continuing;
; (ii) there is not available an engine or part complying with the requirements of the Lease for a Replacement replacement Engine or Part;
; (iii) it would result in an unreasonable disruption of the operation of the Aircraft or the business of Lessee to have the Aircraft grounded until such time as an engine or part complying with the requirements of the Lease for a Replacement replacement Engine or Part becomes available for installation;
; (iv) as soon as practicable (under Lessee's engine rotation program in the case of an engine) after an engine or part is installed on the Aircraft, but before the earlier of sixty (60) days after such temporary replacement or the Expiry Date, Lessee removes that engine or part and replaces it with the original Engine or Part (or by an engine or part which is allowed by Section 8.11(b)); and
and (v) the Insurance Insurances for the Aircraft is are not adversely affected.
Appears in 1 contract
Samples: Aircraft Lease Agreement
Temporary Replacement. Lessee may install any engine or part on the Aircraft as a temporary replacement if:
(i) no Event of Default has occurred and is continuing;
(ii) there is not available an engine or part complying with the requirements of the Lease for a Replacement replacement Engine or Part;
(iii) it would result in an unreasonable disruption of the operation of the Aircraft or the business of Lessee to have the Aircraft grounded until such time as an engine or part complying with the requirements of the Lease for a Replacement replacement Engine or Part becomes available for installation;
(iv) as soon as practicable (under Lessee's ’s engine rotation program in the case of an engine) after an engine or part is installed on the Aircraft, but before no later than the Expiry Date, Lessee removes that engine or part and replaces it with the original Engine or Part (or by an engine or part which is allowed by Section Clause 8.11(b)); and
(v) the Insurance Insurances for the Aircraft is are not adversely affected.
Appears in 1 contract
Samples: Aircraft Lease Common Terms Agreement (Lan Airlines SA)
Temporary Replacement. Lessee may install any engine or part on the Aircraft as a temporary replacement if:
(i) no Event of Default has occurred and is continuing;
(ii) there is not available an engine or part complying with the requirements of the Lease for a Replacement Engine or Part;
(iii) it would result in an unreasonable disruption of the operation of the Aircraft or the business of Lessee would otherwise have to have the Aircraft be grounded until such time as an engine or part complying with the requirements of the Lease for a Replacement Engine or Part becomes available for installation;
(iv) in the case of a part, as soon as practicable practicable, but in any case before the earlier of sixty (under Lessee's engine rotation program 60) days after such temporary replacement or the Expiry Date, and in the case of an engine) after an engine or part is installed on the Aircraft, but before prior to the Expiry Date, Lessee removes that engine or part and replaces it with the original Engine or Part (or by an engine or part which is allowed by Section 8.11(b)); and
(v) the Insurance for the Aircraft is not adversely affected.
Appears in 1 contract
Samples: Aircraft Lease (Airtran Airways Inc)