Engine Life Limited Parts definition

Engine Life Limited Parts in respect of the life-limited Parts for each Engine, [****] ("Engine LLP Supplemental Rent Rate") for each --------------------------------- Flight Hour operated by that Engine during that calendar month ("Engine LLP Supplemental Rent"); ----------------------------

Engine Life Limited Parts means, those Parts, defined in the Engine Manufacturer's maintenance manual, or by the FAA or EASA or the Aviation Authority through Airworthiness Directives, that require replacement on a mandatory basis prior to or upon the expiration of the Engine Manufacturer's certified life for that Part.

Engine Life Limited Parts with respect to Engine Life-Limited Parts ("Engine LLPs"), upon redelivery of the Aircraft to Lessor (but not after the occurrence of an Event of Loss with respect to the Aircraft or any Engine), within any Engine, Lessee shall pay to Lessor an amount equal to (i) for each Engine Flight Hour (or fraction thereof) operated by that Engine in the aggregate during each calendar month during the Term since new or since the last Engine Refurbishment multiplied by (ii) the Engine LLP Supplemental Rent Rate less (iii) Remaining Engine LLP Supplemental Rent (the "Engine LLP Maintenance Adjustment").

Examples of Engine Life Limited Parts in a sentence

• In any event, the Performance Restoration Payments and Engine Life-Limited Parts Payments that have theretofore been paid to Lessor in respect of the Destroyed Engine will be made available to Lessee for Performance Restoration and life-limited Parts replacement of the replacement engine on the same terms as if such replacement engine were the Destroyed Engine.

• In addition to the Basic Rent required to be paid for the Aircraft pursuant to Article 3(b), Lessee shall pay to Lessor the Airframe Payments, Performance Restoration Payments, Engine Life-Limited Parts Payments, and APU Payments (collectively, the "Maintenance Payments") set forth in the first paragraph of paragraph 5 of Schedule "1" hereto.

• The amount of the Airframe Payments, Engine Life-Limited Parts Payments, and APU Payments is based on the assumed annual utilization of 3,600 Flight Hours and an average annual sector flight time of 5.0 Flight Hours.

• Engine Life-Limited Parts List (back-to-birth records) with certification per attached Appendix I 4.

• In addition to the Basic Rent required to be paid for the Aircraft pursuant to Article 3(b), Lessee shall pay to Lessor the Airframe Payments, Performance Restoration Payments, Engine Life-Limited Parts Payments, APU Payments and Landing Gear Payments (collectively, the "Maintenance Payments") set forth in the first paragraph of paragraph 4 of Schedule "1" hereto.

More Definitions of Engine Life Limited Parts

Engine Life Limited Parts means those Parts, defined by the Engine Manufacturer in the engine manual, or by the FAA or Aviation Authority through Airworthiness Directives, that require replacement on a mandatory basis prior to or upon the expiration of the manufacturer's certified life, whether expressed in terms of Cycles, Flight Hours, landings or calendar time.

Engine Life Limited Parts. With respect to life-limited Parts within any Engine, the performance, in accordance with the Lease, of any replacement or repair of those Parts (“Engine LLP Replacement”), the lesser of (x) the net cost as shown on that invoice and (y) an amount equal to the aggregate amount of the Engine LLP Supplemental Rent paid in respect of that Engine under the Lease with respect to periods prior to the date such work is completed less (aa) any credit granted by the Maintenance Performer to Lessee in respect of any repairable life-limited Part which has been replaced (with such credit being calculated by reference to the then remaining life of such life-limited Part) and (bb) the aggregate amount previously paid in respect of that Engine by Lessor under this sub-section;

Engine Life Limited Parts. With respect to life-limited Parts within any Engine, the performance, in accordance with the Lease, of any replacement or repair of

Engine Life Limited Parts in respect of the life-limited Parts for each Engine installed on an Airbus Airframe, $* ("Engine LLP Supplemental Rent Rate") for each Flight Hour operated by that Engine during each calendar month during the Term ("Engine LLP Supplemental Rent");

Engine Life Limited Parts in respect of the Life-Limited Parts for each Engine, an amount equal to the Engine LLP Supplemental Rent Rate for each Engine Cycle operated by that Engine during that calendar month ("Engine LLP Supplemental Rent"); provided, however, Lessee shall have no obligation to make any payment of Engine LLP Supplemental Rent in respect of any period during which the Engine installed on the Aircraft is subject to a maintenance cost per hour agreement or similar arrangement with the Agreed Maintenance Performer so long as (x) such agreement or arrangement is approved in advance (i.e., before the enrollment of the Engine installed on the Aircraft in any such agreement or arrangement) in writing by Lessor (such approval not to be unreasonably withheld), and (y) in the event that the Engine installed on the Aircraft is enrolled in any such agreement or arrangement before Lessor approves such agreement or arrangement, or in the event that any Engine enrolled in any such agreement or arrangement is to be installed on the Aircraft before Lessor approves such agreement or arrangement, then Lessee shall pay and continue to pay Engine LLP Supplemental Rent in accordance with this subclause for all periods prior to the time at which Lessee obtains Lessor's written approval (which approval shall not be unreasonably delayed) of the applicable agreement or arrangement (if ever);and (z) for the avoidance of doubt it is agreed that at least one of the criteria upon which such a maintenance cost per hour agreement will be approved by the Lessor shall be a requirement for that agreement to expressly include an adequate fund provision specifically allocated to LLP's to which the Lessor will have rights of access under certain conditions, and drawdowns on such LLP fund will not diminish the adequacy of any fund allocation applicable to the engine performance restoration.

Engine Life Limited Parts. With respect to Life-Limited Parts within any Engine, the replacement, in accordance with this Agreement, of those Parts, the lesser of (x) the amount of that invoice and (y) an amount equal to the aggregate amount of the Engine LLP Supplemental Rent actually paid in respect of that Engine paid by Lessee at the date such work starts less the aggregate amount previously paid in respect of that Engine by Lessor under this sub-clause;

Engine Life Limited Parts in respect of the life-limited Parts for each Engine, $___ for each Flight Hour operated by the Engine during that calendar month ("ENGINE LLP MAINTENANCE RESERVES"); and