Takeoff with one bleed off because it is u/s may be allowed subject to a number of restrictions. See your MEL.
You cannot accept an engine excedence except in an extreme emergency. You should reduce power so as not to exceed the EGT limit. You probably have a tired engine with a full power takeoff, a high surface temperature or a low level inversion.
It should only require a very small power reduction after selecting gear up to keep the engine in limits. Make a tech log entry, speak to your engineering dept and the chief pilot.
Last edited by spacegrand; 2nd Aug 2009 at 17:02.