Common use of Contract Terms Clause in Contracts

Contract Terms. Boeing and Buyer will use their best efforts to reach a definitive agreement for the purchase of an Option Aircraft, including the terms and conditions contained in this Letter Agreement, in a supplemental agreement to the Agreement, and other terms and conditions as may be agreed upon. In the event the parties have not entered into a supplemental agreement within 30 days following option exercise, either party may terminate the purchase of such Option Aircraft by giving written notice to the other within 5 days. [CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT]

Appears in 4 contracts

Samples: Supplemental Agreement (Continental Airlines Inc /De/), Supplemental Agreement (Continental Airlines Inc /De/), Supplemental Agreement (Continental Airlines Inc /De/)

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Contract Terms. Within thirty (30) days after Buyer exercises an option to purchase Option Aircraft pursuant to paragraph 4 above, Boeing and Buyer will use their best reasonable efforts to reach a definitive agreement for the purchase of an Option Aircraft, including the terms and conditions contained in this Letter Agreement, in enter into a supplemental agreement amending the Agreement to add the applicable Option Aircraft to the Agreement as a firm Aircraft (the Option Aircraft Supplemental Agreement, and other terms and conditions as may be agreed upon). In the event If the parties have not entered into a supplemental agreement such an Option Aircraft Supplemental Agreement within 30 days following option exercisethe time period contemplated herein, either party may terminate shall have the right, exercisable by written or telegraphic notice given to the other within ten (10) days after such period, to cancel the purchase of such Option Aircraft by giving written notice to the other within 5 days. [CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT]Aircraft.

Appears in 4 contracts

Samples: Letter Agreement (United Air Lines Inc), Supplemental Agreement (Continental Airlines Inc /De/), Supplemental Agreement (Continental Airlines Inc /De/)

Contract Terms. Boeing and Buyer will use their best efforts to reach a definitive agreement for the purchase of an Option Aircraft, including the terms and conditions contained in this Letter Agreement, in a supplemental agreement to the Agreement, and other terms and conditions as may be agreed upon. In the event the parties have not entered into a supplemental agreement within 30 days following option exercise, either party may terminate the purchase of such Option Aircraft by giving written notice to the other within 5 days. [CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT].

Appears in 2 contracts

Samples: Supplemental Agreement (Continental Airlines Inc /De/), Supplemental Agreement (Continental Airlines Inc /De/)

Contract Terms. Boeing and Buyer will use their best efforts to reach enter into a definitive agreement for the purchase of an Option Aircraft, including within thirty (30) days after Buyer exercises such option. Such definitive agreement will include the terms and conditions contained in this Letter Agreementherein, in a supplemental agreement to the Agreement, and other terms and conditions as may be mutually agreed upon, and the applicable terms and conditions contained in Boeing's then-current standard form K/WPA of purchase agreement for the sale of Model 737-700 aircraft in effect as of the date of option exercise. In the event the parties have not entered into a supplemental such agreement within 30 days following option exercisesuch time, either party may terminate the purchase of such Option Aircraft by giving written notice to the other within 5 days. [CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT]ten (10) days of such period.

Appears in 2 contracts

Samples: Western Pacific Airlines Inc /De/, Western Pacific Airlines Inc /De/

Contract Terms. Boeing and Buyer will use their best efforts to reach a definitive agreement for the purchase of an Option Aircraft, including the terms and conditions contained in this Letter Agreement, in a supplemental agreement to the Agreement, and other terms and conditions as may be agreed upon. In the event the parties have not entered into a supplemental agreement within 30 days following option exercise, either party may terminate the purchase of such Option Aircraft by giving written notice to the other within 5 days. [CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT]other

Appears in 2 contracts

Samples: Letter Agreement Amends Purchase Agreement, Supplemental Agreement (Continental Airlines Inc /De/)

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Contract Terms. Boeing and Buyer will use their best efforts to reach a definitive agreement for the purchase of an Option Aircraft, including the terms and conditions contained in this Letter Agreement, in a supplemental agreement to the Agreement, and other terms and conditions as may be agreed upon. In the event the parties have not entered into a supplemental agreement within 30 days following option exercise, either party may terminate the purchase of such Option Aircraft by giving written notice to the other within 5 days. [CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT]If Buyer and Boeing fail to enter into such supplemental agreement, Boeing will retain the Deposit for that Option Aircraft unless failure is attributable to Boeing's fault, in which case the Deposit shall be promptly returned to Buyer without interest.

Appears in 2 contracts

Samples: Supplemental Agreement (Continental Airlines Inc /De/), Letter Agreement (Continental Airlines Inc /De/)

Contract Terms. 5.1 It is understood that Boeing and Buyer will use their best efforts to reach enter into a definitive agreement for the purchase of Option Aircraft within thirty (30) days after Buyer exercises an Option Aircraft, including to purchase Option Aircraft pursuant to paragraph 4 covering the detailed terms and conditions contained in this Letter Agreement, in a supplemental agreement to for the Agreement, and other terms and conditions as may be agreed upon. In the event the parties have not entered into a supplemental agreement within 30 days following option exercise, either party may terminate the purchase sale of such Option Aircraft by giving written notice to the other within 5 days. [CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT]Aircraft.

Appears in 1 contract

Samples: Letter Agreement (Southwest Airlines Co)

Contract Terms. It is understood that Boeing and Buyer will use their best efforts to reach enter into a definitive agreement for the purchase of Option Aircraft within thirty (30) days after Buyer exercises an Option Aircraft, including to purchase Option Aircraft pursuant to paragraph 5 covering the detailed terms and conditions contained in this Letter Agreement, in a supplemental agreement to for the Agreement, and other terms and conditions as may be agreed upon. In the event the parties have not entered into a supplemental agreement within 30 days following option exercise, either party may terminate the purchase sale of such Option Aircraft by giving written notice to the other within 5 days. [CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT]Aircraft.

Appears in 1 contract

Samples: Supplemental Agreement (Southwest Airlines Co)

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