Model Aircraft Dry Lease -For the TBM Community For Editorial Review Only -Not for Publication, Implementation or Distribution. (a) LESSEE HAS REVIEWED THE AIRCRAFT'S MAINTENANCE RECORDS AND OPERATION LOGS AND HAS FOUND THAT, DURING THE TWELVE MONTHS PRECEDING THE DATE OF THIS LEASE, THE AIRCRAFT HAS BEEN MAINTAINED AND INSPECTED UNDER PART 91 OF THE FEDERAL AVIATION REGULATIONS (FAR). LESSEE ACKNOWLEDGES THAT THE AIRCRAFT WILL BE MAINTAINED AND INSPECTED UNDER FAR PART 91 FOR OPERATIONS TO BE CONDUCTED UNDER THIS 699 (b) LESSEE ACKNOWLEDGES THAT LESSEE IS RESPONSIBLE FOR OPERATIONAL 100 CONTROL OF THE AIRCRAFT UNDER THIS LEASE DURING THE LEASE TERM; 101 PROVIDED, HOWEVER, THAT LESSEE SHALL NOT BE RESPONSIBLE FOR 102 OPERATIONAL CONTROL OF THE AIRCRAFT FOR SO LONG AS THE AIRCRAFT IS 703 IN THE POSSESSION OF ANY OTHER LESSEE. LESSEE FURTHER CERTIFIES THAT 704 LESSEE UNDERSTANDS ITS RESPONSIBILITY FOR COMPLIANCE WITH 705 APPLICABLE FEDERAL AVIATION REGULATIONS. 706 707 NAME OF LESSEE: 708 ADDRESS OF LESSEE: 709 710 SIGNATURE OF LESSEE: 711 712 (c) LESSEE UNDERSTANDS THAT AN EXPLANATION OF FACTORS BEARING ON 713 OPERATIONAL CONTROL AND THE PERTINENT FEDERAL AVIATION 714 REGULATIONS CAN BE OBTAINED FROM THE NEAREST FAA FLIGHT STANDARDS 715 DISTRICT OFFICE. 716 717 718 IN WITNESS WHEREOF, the Parties hereto have executed this Lease as of the 719 Effective Date designated in SCHEDULE A {Term Sheet). 720 721 722 LESSOR: LESSEE: 723 724 Lessor name] 725 [Insert [Insert lessee name] 726 727 By:--------- 728 --------- 729 By: --------- -------- Name: Name: 730 731 Title: Title: 732 733
Model Aircraft Dry Lease -For the TBM Community For Editorial Review Only -Not for Publication, Implementation or Distribution. (a) LESSEE HAS REVIEWED THE AIRCRAFT'S MAINTENANCE RECORDS AND OPERATION LOGS AND HAS FOUND THAT, DURING THE TWELVE MONTHS PRECEDING THE DATE OF THIS LEASE, THE AIRCRAFT HAS BEEN MAINTAINED AND INSPECTED UNDER PART 91 OF THE FEDERAL AVIATION REGULATIONS (FAR). LESSEE ACKNOWLEDGES THAT THE AIRCRAFT WILL BE MAINTAINED AND INSPECTED UNDER FAR PART 91 FOR OPERATIONS TO BE CONDUCTED UNDER THIS 699 100 (b) LESSEE ACKNOWLEDGES THAT LESSEE IS RESPONSIBLE FOR OPERATIONAL 101 CONTROL OF THE AIRCRAFT UNDER THIS LEASE DURING THE LEASE TERM; 102 PROVIDED, HOWEVER, THAT LESSEE SHALL NOT BE RESPONSIBLE FOR 703 OPERATIONAL CONTROL OF THE AIRCRAFT FOR SO LONG AS THE AIRCRAFT IS 704 IN THE POSSESSION OF ANY OTHER LESSEE. LESSEE FURTHER CERTIFIES THAT 705 LESSEE UNDERSTANDS ITS RESPONSIBILITY FOR COMPLIANCE WITH 706 APPLICABLE FEDERAL AVIATION REGULATIONS. 707 708 NAME OF LESSEE: 709 ADDRESS OF LESSEE: 710 711 SIGNATURE OF LESSEE: 712 713 (c) LESSEE UNDERSTANDS THAT AN EXPLANATION OF FACTORS BEARING ON 714 OPERATIONAL CONTROL AND THE PERTINENT FEDERAL AVIATION 715 REGULATIONS CAN BE OBTAINED FROM THE NEAREST FAA FLIGHT STANDARDS 716 DISTRICT OFFICE. 717 718 719 IN WITNESS WHEREOF, the Parties hereto have executed this Lease as of the 720 Effective Date designated in SCHEDULE A {Term Sheet). 721 722 723 LESSOR: LESSEE: 724 725 [Insert Lessor name] 726 727 728 By:--------- 729 [Insert lessee name] By: --------- 730 Name: -------- Name: --------- 731 732 Title: Title: 733