Off Unit definition

Off Unit means a part removed from an aircraft in need of repair and/or overhaul which has been or is to be replaced by the Exchange Unit; “Off Unit Return Time” means the time to return the Off Unit as specified in the Exchange Order; “Outright Price” means the agreed price of an Exchange Unit or Loan Unit if deemed BER or sold to DAI as an Outright Sale; “Outright Sale” means the outright sale of an Exchange Unit or Loan Unit by DAI to the Customer at the price specified in the corresponding quote, Exchange Agreement or Loan Agreement; “Order” means (i) any order submitted by the Customer for a Sale and/ or Repair or (ii) a loan or exchange order, in DAI’s standard format, submitted by the Customer to DAI; “Parts” means any aircraft component parts specified in an Order; “Repair” means any repair, overhaul, inspection, modification and/ or testing arranged by DAI on behalf of the Customer and “Repaired” shall be understood accordingly; “Sale” means the outright sale of a Part by DAI to the Customer and “Sold” shall be understood accordingly; “Serviceable” means a part that meets all OEM and aviation authority specified standards for airworthiness, including in relation to its storage, and has no known defects, which would render it unfit for service; “Units” means, together, Exchange Units and Off Units; “Unserviceable” means not Serviceable.
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Off Unit means a part removed from an aircraft in need of Repair and/or overhaul which either (i) has been or is to be replaced by the Exchange Unit, or (ii) has been sent directly to AJW for Repair management; “Off Unit Return Time” means the time to return the Off Unit as specified in the Exchange Order; “Outright Price” means the agreed price of an Exchange Unit or Loan Unit if the Off Unit is deemed BER or sold to Customer as an Outright Sale; “Outright Sale” means the outright sale of an Exchange Unit or Loan Unit by AJW to the Customer at the price specified in the corresponding quote, Exchange Agreement or Loan Agreement; “Order” means (i) any order submitted by the Customer for a Sale and/ or Repair or (ii) a loan or exchange order, in AJW’s standard format, submitted by the Customer to AJW; “Parts” means any aircraft component parts specified in an Order; “Repair” means any Unserviceable Off Unit that requires repair, overhaul, inspection, modification and/ or testing arranged by AJW and “Repaired” shall be understood accordingly; “Sale” means the Outright Sale of a Part by AJW to the Customer and “Sold” shall be understood accordingly; “Serviceable” means a part that meets all OEM and aviation authority specified standards for airworthiness, including in relation to its storage, and has no known defects, which would render it unfit for service; “Units” means, together, Exchange Units and Off Units; “Unserviceable” means not Serviceable.
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Off Unit means a Component removed from an aircraft in need of Services; “Order” means any order submitted by the Customer for (i) a Sale, or (ii) the Services; “Overhaul” means the highest level of Repair as specifically referred to in the applicable CMM, or overhaul manual and only applicable to Components with a specific OEM recommended overhaul period; “Repair” means the disassembly, inspection, rework, or replacement of Components as necessary, and re-assembly and test as required, to return the Components to a Serviceable condition and “Repaired” shall be understood accordingly; “Sale” means the outright sale of a Component by AJWT to the Customer and “Sold” shall be understood accordingly; “SB” means a service bulletin provided by an OEM; “Services” shall mean; (i) all or any part of functional Testing, and/or (ii) Repair, and/or (iii) Overhaul and/or Modification of a Component requested by Customer, which AJWT agrees to perform under this Agreement, as requested in the Order, including, without limitation, the furnishing of Components, materials, labour, facilities, tooling, painting, plating, and testing devices required in the performance of functional testing, repair, overhaul and warranty in connection with the Component and "Serviced" shall be interpreted accordingly; “Serviceable” means a Component that meets all OEM and aviation authority specified standards for airworthiness, including in relation to its storage, and has no known defects, which would render it unfit for service; “SPT” means the “shop processing time” which shall be calculated between the date of receipt of the Unit at AJWT Facility to the date AJWT makes the Serviceable Component available for collection by Customer of the required subject to the exclusions within these Standard Terms; “TCCA” means the Transport Canada Civil Aviation authority; “Test” means testing such works in accordance with the applicable OEM’s CMM or other specifications as appropriate, where “test only” means that the Component does not carry any warranty given by AJWT but is only verification of such item meeting or failing test criteria as outlined in the test specifications and “Testing” shall be understood accordingly; “Units” means an aircraft component which is part of a Sale or the Services; “Unserviceable” means not Serviceable.
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Examples of Off Unit in a sentence

  • In the event the Customer does not instruct AJW in writing as to what action should be taken in respect of the Off Unit within 14 days of the date of the BER quotation, title to the Off Unit shall automatically transfer to AJW.

  • If an Off Unit is found to be BER, the Exchange Fee shall remain payable plus any Late Fees, AJW shall raise an invoice for the Outright Price, together with all workshop inspection charges plus a handling fee of 10% of the Repair cost and transport costs.

  • If the Off Unit is returned to AJW with release documentation that is not in compliance with Clause 8.3 of these Standard Terms or otherwise not of the standard and level of completeness of that of the Exchange Unit supplied, AJW reserves the right to keep the Exchange transaction open and charge Late Fees together with any other re-certification/overhaul charges which remain chargeable plus a handling fee of 10% of the repair cost or convert the Exchange transaction to an Outright Sale.

  • For Exchange Units that are returned after the specified Off Unit Return Time, Late Fees shall be payable as specified in the Exchange Order.

  • AJW reserves the right to require the Customer to pay to AJW a deposit before the Exchange or Loan Unit is shipped to the Customer to cover the non-return of the Off Unit and its Repair, such deposit to be specified in the applicable Exchange or Loan Order.

  • Unless stated otherwise in an Exchange or Loan Order, each Off Unit shall be delivered DDP (Incoterms 2010) AJW’s facility.

  • In the event that an Off Unit is BER, title shall transfer in accordance with Clause 3.9; any Loan Unit shall remain at all times with AJW, free from all liens and encumbrances other than any security interest created by or through AJW and the Customer shall have no right, title or interest in or to the Loan Unit except as authorised and permitted by these Standard Terms.


More Definitions of Off Unit

Off Unit means a part removed from an aircraft in need of repair and/or overhaul which has been or is to be replaced by the Exchange Unit;
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Related to Off Unit

  • sub-unit means, with respect to any currency other than euro, the lowest amount of such currency that is available as legal tender in the country of such currency and, with respect to euro, means one cent.

  • Designated Unit means information technology devices (e.g. hard disks or central processing units) identified by Licensee pursuant to this Agreement that have been officially made known to the public as appropriate for Use or interoperation with the Software.

  • Partnership Unit means a fractional, undivided share of the Partnership Interests of all Partners issued hereunder. The allocation of Partnership Units among the Partners shall be as set forth on Exhibit A, as may be amended from time to time.

  • Class B Share means a Class B ordinary share of a par value of US$0.0001 in the share capital of the Company.

  • LTIP Unit means a Limited Partnership Interest which is designated as an LTIP Unit and which has the rights, preferences and other privileges designated in Section 4.4 hereof and elsewhere in this Agreement in respect of holders of LTIP Units. The allocation of LTIP Units among the Partners shall be set forth on Exhibit A, as may be amended from time to time.

  • Units means the units of the Company, each comprised of one share of Common Stock and one-half of one Warrant.