Title to Parts. Except as otherwise provided in the proviso to the third sentence of Section 7(d), all Parts at any time removed from the Airframe or any Engine shall remain the property of the Lessor and subject to this Lease, no matter where located, until such time as such Parts shall be replaced by Parts that have been incorporated or installed in or attached to such Airframe or Engine and that meet the requirements for replacement Parts specified in Section 7(a). Immediately upon any replacement Part becoming incorporated or installed in or attached to an Airframe or Engine as provided in Section 7(a), without further act, (i) title to the replaced Part shall thereupon vest in the Lessee (or the relevant Permitted Sublessee), in "as-is, where-is" condition, free and clear of all rights of the Lessor and the Indenture Trustee and any Lessor's Liens and shall no longer be deemed a Part hereunder; (ii) title to such replacement Part shall thereupon vest in the Lessor (subject only to Permitted Liens); and (iii) such replacement Part shall become subject to this Lease and be deemed part of such Airframe or Engine, as the case may be, for all purposes hereof to the same extent as the Parts originally incorporated or installed in or attached to such Airframe or Engine.
Title to Parts. (a) Title to each Part (including any Alteration) incorporated or installed in or attached to the Leased Property pursuant to this Article 11 shall without further act vest in Lessor and shall be deemed to constitute a part of the Leased Property and be the property of Lessor subject to this Lease if:
(1) such Part shall be in replacement of or in substitution for, and not in addition to, any Part originally incorporated in or installed as a part of the Leased Property at the Effective Time or any Part title to which shall have vested in Lessor pursuant to this Section 11.6;
(2) such Part shall be incorporated or installed in or attached to the Leased Property pursuant to Section 11.3 (Replacement of Parts) or Section 11.4 (Alterations Required by Law);
(3) such Part cannot be readily removed from the Leased Property without materially diminishing or impairing the value, utility or condition that the Leased Property would have had at such time had such Part not been so incorporated or installed; or
(4) such Part shall be paid for by Lessor.
(b) Title to all other property incorporated or installed in or attached to the Leased Property as a result of Alterations made pursuant to Section 11.5 (Optional Alterations) shall vest in Lessee (or in such other Person as is entitled thereto) and such property shall not be part of the Leased Property.
(c) All Parts, title to which is vested in Lessor, that are at any time removed from the Leased Property shall remain the property of Lessor, no matter where located, until such time as such Parts shall be replaced by Parts that have been incorporated or installed in or attached to the Leased Property and that meet the requirements for replacement Parts specified in Section 11.3 (Replacement Parts). Immediately upon any replacement Part becoming incorporated or installed in or attached to the Leased Property as provided in Section 11.3 (Replacement Parts) without further act, (a) title to the removed Part shall vest in Lessee or such Person as shall be designated by Lessee, free and clear of all rights of Lessor, (b) title to such Replacement Parts shall vest in Lessor, and (c) such Replacement Parts shall become subject to this Lease and be deemed part of the Leased Property for all purposes hereof to the same extent as the Parts originally incorporated or installed in or attached to the Leased Property.
Title to Parts. All Parts at any time removed from the Aircraft shall remain the property of Lessor, no matter where located, until such time as: (a) such Parts shall be replaced by parts that have been incorporated or reinstalled in or attached to the Aircraft and that meet the requirements for replacement parts specified above in Section 7.4, and (b) title thereto shall have passed to Lessor free and clear of all Liens other than Permitted Liens. Immediately upon the incorporation or installation in or attachment in or to the Aircraft of any replacement part as above provided, and without further act (c) title to the removed Part shall vest in Lessee, free and clear of all rights of Lessor and any Lessor’s Liens and (d) such replacement part shall be subject to this Agreement and shall be deemed a Part of the Aircraft for all purposes hereof to the same extent as the Parts originally incorporated and installed in or attached to the Aircraft.
Title to Parts. 19 (c) Pooling or Parts Leasing........................................................ 19 (d) Alterations, Modifications and Additions........................................ 20 (e)
Title to Parts. Subject to the provisions hereof, title to all Parts incorporated or installed in or attached or added to the Aircraft or any part thereof as the result of any alteration, modification or addition shall, without further act, vest in Owner and become subject to this Lease and any Mortgage; provided, however, that so long as no Default or Event of Default shall have occurred and be continuing, at any time during the Term, Lessee may remove any Part from the Aircraft or any part thereof, provided that (a) such Part is in addition to, and not in replacement of or in substitution for, any Part originally incorporated or installed in or attached to the Aircraft or any part thereof at the time of delivery thereof hereunder or any Part in replacement of, or substitution for, any such original Part; (b) such Part is not required to be incorporated or installed in or attached or added to the Aircraft or any part thereof pursuant to the terms hereof; and (c) such Part can be removed from the Aircraft or any part thereof without diminishing or impairing the value, utility or airworthiness which the Aircraft or any part thereof would have had at such time had such addition not occurred. Upon the removal by Lessee of any such Part as above provided, title thereto shall, without further act, vest in Lessee free and clear of all Lessor Liens and such Part shall no longer be deemed a Part hereunder. Title to any Part not removed by Lessee as above provided prior to the return of the Aircraft to Lessor hereunder shall remain with Owner and subject to this Lease and any Mortgage.
Title to Parts. 15 Section 6.09
Title to Parts. (i) Title to all Parts and Alterations incorporated or installed in or attached to the Facility shall without further act vest in the Owner-Trustee free and clear of all Liens (other than Permitted Encumbrances) and shall be deemed to constitute a part of the Facility and be subject to this Lease in the following cases:
(A) such Part or Alteration is in replacement of or in substitution for, and not in addition to, any Part constituting a part of the Facility at the time of the acceptance thereof hereunder or any such original part;
(B) such Part or Alteration is required to be incorporated or installed in or attached to the Facility pursuant to the terms of paragraphs (a), (c) or (d) of this Section; or
(C) such Part or Alteration cannot be readily removed from the Facility without (1) impairing the continuing operation of the Facility in accordance with its original functional purpose, (2) materially damaging the Facility, or (3) materially diminishing the value of the Facility or diminishing the utility, condition, remaining economic useful life or estimated residual value, below the value, utility, condition, remaining economic useful life and estimated residual value thereof immediately prior to such removal, assuming that the Facility was then in the condition required to be maintained by the terms of this Lease and (except in the case of a Part or Alteration referred to in clause (A) or (B) above) such Part had not been added, or such Alteration made, to the Facility.
(ii) Title to any other Parts and Alterations shall remain with the Lessee and such Parts and Alterations shall not be deemed to constitute part of the Facility in determining either the fair market sales value or the fair market rental value of the Facility; PROVIDED, HOWEVER, that any such part which is not removed by the Lessee prior to the termination of this Lease shall become the property of the Owner-Trustee.
Title to Parts. Except as otherwise provided in the proviso to the third sentence of Section 7(d), all Parts at any time removed from the Airframe or any Engine shall remain the property of the Lessor and subject to this Lease, no matter where located, until such time as such Parts shall be replaced by Parts that have been incorporated or installed in or attached to such Airframe or Engine and that meet the requirements for replacement Parts specified in Section 7(a). Immediately upon any replacement Part becoming incorporated or installed in or attached to an Airframe or Engine as provided in Section 7(a), without further act, (i) title to the replaced Part shall thereupon vest in the Lessee, in "as-is, where-is" condition, free and clear of all rights of the Lessor and the Indenture Trustee and any Lessor's Liens and shall no longer be deemed a Part hereunder; (ii) title to such replacement Part shall thereupon vest in the Lessor (subject only to Permitted Liens); and (iii) such replacement Part shall become subject to this Lease and be deemed part of such Airframe or Engine, as the case may be, for all purposes hereof to the same extent as the Parts originally incorporated or installed in or attached to such Airframe or Engine.
Title to Parts. Any replacement Part when incorporated in an item of Equipment in accordance with Section 6.1 hereof may be owned by a third party subject to a normal pooling arrangement, so long as Sublessee as promptly thereafter as reasonably possible either (i) causes title to such replacement Part to vest in the relevant Head Lessor or Owner in accordance with Section 6.1, free and clear of all Liens, or (ii) replaces (or causes to be replaced) such replacement Part by incorporating in the Aircraft, Airframe or such Engine a further replacement Part owned by Sublessee free and clear of all Liens (except Permitted Liens) and by causing title to such further replacement Part to vest in the relevant Head Lessor or Owner in accordance with Section 6.1.
Title to Parts. 1. Except for the cases described in Section 16.2, the Parts attached by Lessee to the Property under Section 14.4 shall be deemed as the Parts constituting the Property when attached to the Property, automatically become property of Lessor, and leased by Lessor to Lessee under this Agreement. With respect to the Parts removed from the Property, title to the replacement components shall pass to Lessor and that to the removed Parts shall pass to Lessee. Provided that the Parts which are removed for exchange but not replaced with components of the same type shall, regardless of the location of such Parts, remain as property of Lessor and covered by this Agreement.
2. Components additionally attached by Lessor to the Property not as a replacement for other Parts under Article 14 after such Property is delivered to Lessee according to Article 4, which are removable from the Property without causing any deterioration of Performances, Lessee may reserve the title to such components. Lessee may consider such components as the Parts in relation to application of Section 26.3.
