Serviceable Parts definition

Serviceable Parts means Pledged Spare Parts in condition satisfactory for incorporation in, installation on, attachment or appurtenance to or use in an Aircraft, Engine or other Qualified Spare Part.
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Serviceable Parts means Pledged Spare Parts or Non-Pledged Spare Parts, as the context requires, in condition satisfactory for incorporation in, installation on, attachment or appurtenance to or use in an Aircraft, Engine, Spare Part or Appliance.
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Examples of Serviceable Parts in a sentence

  • Customer warrants that the Standby Parts will meet the requirements of the Detail Specification and be in a condition to pass Boeing’s receiving inspection and functional test, and if not in a new condition, will have an attached FAA Serviceable Parts Tag.

  • Customer warrants that the Standby Parts will meet the requirements of the Detail Specification and be in a condition to pass Boeing's receiving inspection and functional test, and if not in a new condition, will have an attached FAA Serviceable Parts Tag.

  • SV or Serviceable Part(s) that have been removed from the aircraft/engine and have a current and valid EASA Form One and/or FAA Form 8130-3 certificate issued by an approved organisation.

  • Customer warrants that the Standby Parts will meet the requirements of the Detail Specification and be in a condition to pass Boeing's receival inspection and functional test, and if not in a new condition, will have an attached FAA Serviceable Parts Tag.

  • In no event shall the aggregate of all combined Advances outstanding against New Parts Inventory, FAA-certified Overhauled Parts Inventory, and Serviceable Parts Inventory at any one time exceed $50,000,000.00.

  • Advances may be made against New Parts Inventory, FAA-certified Overhauled Parts Inventory and Serviceable Parts Inventory until two (2) years after the date of purchase.

  • Buyer warrants that the Standby Spare Parts will meet the requirements of the Detail Specification and be in a condition to pass Boeing's receival inspection and functional test and if not in a new condition, will have an attached FAA Serviceable Parts Tag.