Common use of Title to Replaced and Replacement Parts Clause in Contracts

Title to Replaced and Replacement Parts. All Parts removed from the Airframe and the Engines shall remain the property of Owner and subject to this Lease and any Mortgage, no matter where located, until such Parts are replaced by Parts to which title shall have vested in Owner and which have been incorporated or installed in or attached to the Airframe or an Engine and which meet the requirements for replacement Parts specified above. Immediately upon any replacement Part becoming incorporated, installed or attached as provided above, without further act, (a) title to the replaced Part shall thereupon vest in Lessee, free and clear of all Lessor Liens; (b) subject to the provisions of Clause 8.5, such replaced Part shall no longer be deemed a Part hereunder; (c) title to the replacement Part shall thereupon vest in Owner; and (d) subject to the provisions of Clause 8.5, such replacement Part shall become subject to this Lease and any Mortgage and be deemed to be a Part hereunder to the same extent as the Parts originally incorporated or installed in or attached to the Airframe and the Engines.

Title to Replaced and Replacement Parts. All Parts removed from the Airframe and the Engines or any Engine shall remain the property of Owner the Transferee) and subject to this Lease and any MortgageLease, no matter where located, until such time as such Parts are shall be replaced by Parts to which title shall have vested in Owner and which have been incorporated Incorporated or installed in or attached to the Airframe or an such Engine and which meet the requirements for replacement Parts specified above. Immediately upon any replacement Part becoming incorporated, installed or attached to the Airframe or an Engine as provided aboveabove provided, without further act, (aA) title to the replaced Part shall thereupon vest in Lessee, free and clear of all rights of the Lessor Liens(and any Transferee); (bB) subject to the provisions of Clause 8.5, such replaced Part shall no longer be deemed a Part hereunder; (cC) title to the replacement Part shall thereupon vest in Ownerthe Lessor (or its Transferee), (subject to no Lien other than Liens permitted by Section 15 and pooling arrangements permitted by Section 9.03); and (dD) subject to the provisions of Clause 8.5, such replacement Part shall become subject to this Lease and any Mortgage and be deemed to be a Part hereunder to the same extent as the Parts originally incorporated or installed in or attached to the Airframe and the Enginesor such Engine.

Title to Replaced and Replacement Parts. All Parts removed from the Airframe and the Engines any Aircraft shall remain the property of Owner Lessor, and subject to this Lease and any Mortgagethe Lien of the Security Agreement, no matter where located, until such time as such Parts are shall be replaced by Parts to which title shall have vested in Owner and which have been incorporated or installed in or attached to the Airframe or an Engine such Aircraft and which meet the requirements for replacement Parts specified above. Immediately upon any replacement Part Part's becoming incorporated, installed or attached incorporated in an Aircraft as provided aboveabove provided, without further act, act (ai) title to the replaced Part shall thereupon vest in Lessee, free and clear of all rights of Lessor Liensand the other Financing Parties; (bii) subject to the provisions of Clause 8.5, such replaced Part shall no longer be deemed a Part hereunder; (ciii) title to the replacement Part shall thereupon vest in Owner; Lessor (subject to no Lien other than Permitted Liens), and (div) subject to the provisions of Clause 8.5, such replacement Part shall become subject to this Lease and any Mortgage and be deemed to be a Part hereunder and subject to the Lien of the Security Agreement to the same extent as the Parts originally incorporated or installed in or attached to the Airframe and the Enginessuch Aircraft.

Title to Replaced and Replacement Parts. All Parts removed from the Airframe and the Engines shall remain the property of Owner and subject to this Lease, any Superior Lease and any Mortgage, no matter where located, until such Parts are replaced by Parts to which title shall have vested in Owner and which have been incorporated or installed in or attached to the Airframe or an Engine and which meet the requirements for replacement Parts specified above. Immediately upon any replacement Part becoming incorporated, installed or attached as provided above, without further act, (a) title to the replaced Part shall thereupon vest in Lessee, free and clear of all Lessor Liens; (b) subject to the provisions of Clause 8.5, such replaced Part shall no longer be deemed a Part hereunder; (c) title to the replacement Part shall thereupon vest in Owner; and (d) subject to the provisions of Clause 8.5, such replacement Part shall become subject to this Lease, any Superior Lease and any Mortgage and be deemed to be a Part hereunder to the same extent as the Parts originally incorporated or installed in or attached to the Airframe and the Engines.