TERMINATING ACTION Clause Samples
The TERMINATING ACTION clause defines the specific event or set of actions that will bring an agreement, obligation, or process to an end. In practice, this clause may outline conditions such as the completion of a project milestone, the fulfillment of contractual duties, or the occurrence of a particular event that triggers termination. Its core function is to provide clarity and certainty regarding when and how a contract or obligation concludes, thereby preventing disputes and ensuring all parties understand the circumstances under which their commitments end.
TERMINATING ACTION. Lessee shall perform all deferred and carryover maintenance items and clear all pilot discrepancies with respect to the Aircraft on a terminating action basis. All airworthiness directives issued during the Term by the FAA, all changes required by any amendments or changes to the FAR's during the Term, and all alert service bulletins or service bulletins that are mandated by airworthiness directives issued during the Term by a manufacturer or vendor applicable to the Equipment having a date for compliance that falls on or prior to twelve (12) months or 3,000 Flight Hours or Cycles, as the case may be, after the expiration of the Term (or return of the Aircraft, if later) shall be accomplished in compliance with the issuing entity's specific instructions without regard to any alternate means of compliance, waiver or operator exemptions delaying compliance. Without limiting the foregoing, any airworthiness directives, FAR's or manufacturer's or vendor's alert service bulletins or service bulletins that are mandated by airworthiness directives issued during the Term which allow temporary compliance by inspection or other action (other than by terminating action) but require terminating compliance on or prior to twelve (12) months or 3,000 Flight Hours or Cycles, as the case may be, after the expiration of the Term (or return of the Aircraft, if later) shall have such terminating compliance complete prior to return, and all manufacturer's and vendor's service bulletins issued during the Term which are rendered mandatory by the Manufacturer's then current ETOPS Compliance Configuration and Maintenance Procedures Guide and which require a repetitive inspection, modification or terminating compliance on or prior to twelve (12) months or 3,000 Flight Hours or Cycles, as the case may be, after the expiration of the Term (or return of the Aircraft, if later) shall have such inspection, modification or terminating compliance completed at the highest level of compliance possible prior to return. Without limiting the foregoing, the Aircraft shall be in full compliance with the Manufacturer's then current ETOPS Compliance Configuration and Maintenance Procedures Document for 120 (or, if applicable, 180) minutes ETOPS operation. The Aircraft shall also be in compliance with the Manufacturer's SSI, SSID, Corrosion Prevention and Control and Aging Aircraft Programs, and shall comply with United States and ICAO (to the extent applicable to aircraft operated in the United St...
TERMINATING ACTION the alteration or modification of the Aircraft in accordance with mandatory service bulletins, orders, airworthiness directives, and instructions required to eliminate repetitive inspections or maintenance action.
TERMINATING ACTION. Lessee shall perform all deferred and carryover maintenance items and clear all pilot discrepancies with respect to the Aircraft on a terminating action basis. Subject to Article 6(d), all airworthiness directives issued by the Aeronautics Authority, all changes required by any amendments or changes to the FAR's, and all manufacturer's or vendor's mandatory or alert service bulletins and applicable to the Equipment having a date for compliance that falls on or prior to six (6) months or 4,000 Flight Hours or