Life Limited Part definition

Life Limited Part means any aircraft part that has an established replacement time, inspection interval, or other time-related procedure associated with it. For non-military parts, FAA specifies life-limited parts’ airworthiness limita- tions in 14 CFR chapter I, §§21.50, 23.1529, 25.1529,
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Life Limited Part or “LLP”—A part with a limitation on use established by the OEM or the AAA, stated in cumulative EFH or cycles.
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Life Limited Part means a part that, as a condition of the type certificate, may not exceed a specified time, or number of operating cycles, in service.
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Examples of Life Limited Part in a sentence

  • The cost per Cycle of each such Engine Life Limited Part shall be determined by dividing (x) the then current catalog list price of each Engine Life Limited Part for each Engine by (y) the Engine Manufacturer’s then published cyclic life for each respective Engine Life Limited Part.

  • Life Limited Part within each installed Landing Gear shall have not more than 110% of the Airframe total Cycles since new and certificates and will be supported by certification documentation necessary to demonstrate traceability back to birth.

  • GE will provide Customer with information about the previous owners for each replacement Life Limited Part if so applicable and requested.

  • The Engine Life Limited Parts Reserve rate set forth in paragraph 2B shall be revised on 1 June of each calendar year of the Lease Term so that it equals the sum of the then current cost per Cycle of each Engine Life Limited Part of each Engine.

  • If the time remaining on the life of any Life Limited Part is more than 80%, Lessee shall receive a credit against any amounts then owing by it under clauses (2) and (3) above in an amount equal to the product of (i) the cost to replace such life Limited Part as determined above, times (ii) the difference, expressed as a percentage of the life of such Life Limited Part, between (A) 20% and (B) the time used on such Life Limited Part since new, expressed as a percentage.


More Definitions of Life Limited Part

Life Limited Part means a part that, as a condition of the type certificate or other design approval, may not exceed a specified time, or number of operating cycles, in service.
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Life Limited Part or “LLP” means any Part that has a pre-determined life limit mandated by the Manufacturer or the Certificating Authority which requires any such Part to be discarded upon reaching such life limit.
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Life Limited Part means a component with an ultimate life which cannot be restored through appropriate maintenance approved by the State of Design of the manufacturer;
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Life Limited Part means any Part that has a pre-determined life limit as mandated by Manufacturer, the Aviation Authority, the French DGAC or any other Government Entity having jurisdiction, which requires any such Part to be discarded upon reaching such life limit; Loss means any loss, liability, action, claim, proceeding, judgment, penalty, fine, damages, fee, cost or expense (including legal fees and expenses, including legal fees and expenses incurred to enforce any applicable indemnity); Maintenance Contributions shall have the meaning given to it in paragraph 1 of Schedule 14 (Maintenance Contributions);
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Life Limited Part any Part that has a pre-determined ultimate life limit as mandated by the Airframe Manufacturer, the Aviation Authority, the French DGAC, the FAA, the JAA/EASA or any other Governmental Entity, which requires any such Part to be discarded upon reaching such life limit. Loan Agreement: Loan Agreement [N337AT], dated as of August 31, 2006, among Borrower, the Lenders and Security Agent.
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Life Limited Part or “LLP” means any Part that has a pre-determined life limit as mandated by Manufacturer, the Aviation Authority, the FAA or EASA which requires any such Part to be discarded upon reaching such life limit;
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Life Limited Part or “LLP” shall mean a part with an approved limitation on use in cumulative hours or cycles, established by the OEM or the Approved Aviation Authority.
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