Examples of Replacement Airframe in a sentence
Without limiting the foregoing, Lessee and Lessor intend that Lessor shall, in all events, be entitled to the benefits of Section 1110 with respect to any Replacement Airframe or Replacement Engine and Lessee and Lessor shall cooperate and take such action as the other may reasonably request so as to ensure that Lessor shall be entitled to such benefits.
Any Engine constituting part of the Aircraft, but not installed on the Airframe when such Event of Loss occurred, shall continue to be property of the Lessor and leased under this Lease as part of the same equipment as the Replacement Airframe and Replacement Engines.
Each Replacement Airframe and Replacement Engine shall be deemed part of the property leased under this Lease, each such Replacement Airframe shall be deemed an "Airframe," each such Replacement Engine shall be deemed an "Engine" and each such Replacement Airframe and Replacement Engine shall be deemed part of the same Aircraft as was the Airframe or Engine replaced.
In the event of the substitution of a Replacement Airframe or Engine as contemplated by Section 11 of the Lease and Section 5.06 hereof, all provisions of this Indenture relating to the Airframe or Engine(s) being replaced shall be applicable to such Replacement Airframe or Replacement Engine(s) with the same force and effect as if such Replacement Airframe or Replacement Engine(s) were the same airframe or engine(s), as the case may be, as the Airframe or Engine(s) being replaced.
Upon substitution of a Replacement Airframe under and in accordance with the Mortgage, such Replacement Airframe shall become subject to the Mortgage and shall be the “Airframe” for all purposes of the Operative Agreements, and the replaced Airframe shall cease to be subject to the Mortgage and shall cease to be the “Airframe”.