Removable Part definition

Removable Part is defined in Section 4.04(d) of the Trust Indenture.

Removable Part shall have the meaning set forth in Section 9(b).

Removable Part is defined in Section 3.04(d) of the Mortgage.

Examples of Removable Part in a sentence

• Upon the removal by Lessee of any such Part as provided in the preceding sentence, title thereto shall, without further act, vest in Lessee (or, if a Permitted Sublease is in effect, a Permitted Sublessee) and such Part shall no longer be deemed part of the Aircraft (such a part is herein called a "Removable Part").

• Upon the removal by any applicable Grantor of any such Removable Part or Obsolete Part as above provided, (A) title thereto shall, without further act, be free and clear of all rights of the Collateral Agent and (B) such Removable Part or Obsolete Part shall no longer be deemed a Part hereunder.

• Upon the removal by the Company of any such Removable Part or obsolete Part as above provided, title thereto shall, without further act, be free and clear of all rights of the Collateral Agent and such Removable Part or obsolete Part shall no longer be deemed a Part hereunder.

• Any Removable Part not removed by Lessee as provided herein prior to the end of the Lease Term shall become the property of Lessor at such time.

• To the extent such Permitted Modification is not a Removable Part, or is a Required Alteration or an Original Part, and (if the Removable Part remains the property of Lessee) to the extent a Removable Part is not the property of Lessee because of the continuance of a Lease Event of Default, the same shall immediately and automatically be and become the property of Lessor and subject to the terms of this Lease.

More Definitions of Removable Part

Removable Part as defined in Section 4.4(d) of the Mortgage. Replacement Airframe: an airframe substituted for the Airframe pursuant to Section 4.5 of the Mortgage.

Removable Part shall have the meaning provided in Section 8.4.

Removable Part has the meaning set forth in Section 3.3(j) of the Security Agreement.

Removable Part shall have the meaning provided in Section 6.4 of the Lease.

Removable Part shall have the meaning assigned to such term in Section 4.4 of the Borrower Security Agreement.

Removable Part is defined in Section 3.04(d).

Removable Part is defined in Section 2.04(d) of this Mortgage.