Common use of Accepted Industry Standard Practices Normal Wear and Tear Clause in Contracts

Accepted Industry Standard Practices Normal Wear and Tear. The Buyer’s rights under this Clause 12.1 are subject to the Aircraft and each component, equipment, accessory and part thereof being maintained, overhauled, repaired and operated in accordance with accepted industry standard practices, all Technical Data and any other instructions issued by the Seller, the Suppliers and the Propulsion Systems Manufacturer and all applicable rules, regulations and directives of the relevant Aviation Authorities. The Seller’s liability under this Clause 12.1 shall not extend to normal wear and tear nor to:

Appears in 8 contracts

Samples: A350 Purchase Agreement (China Southern Airlines Co LTD), Assignment and Assumption Agreement (Frontier Group Holdings, Inc.), Letter Agreement (Avianca Holdings S.A.)

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Accepted Industry Standard Practices Normal Wear and Tear. The Buyer’s rights under this Clause 12.1 are subject to the Aircraft and each component, equipment, accessory and part thereof being maintained, overhauled, repaired and operated in accordance with accepted industry standard practices, all Technical Data and any other instructions issued by the Seller, the Suppliers and the Propulsion Systems System Manufacturer and all applicable rules, regulations and directives of the relevant Aviation Authorities. The Seller’s liability under this Clause 12.1 shall will not extend to normal wear and tear nor to:

Appears in 6 contracts

Samples: Purchase Agreement (Frontier Group Holdings, Inc.), A321 Aircraft Purchase Agreement (Frontier Group Holdings, Inc.), Purchase Agreement (Frontier Group Holdings, Inc.)

Accepted Industry Standard Practices Normal Wear and Tear. The Buyer’s 's rights under this Clause 12.1 are subject to the Aircraft and each component, equipment, accessory and part thereof being maintained, overhauled, repaired repaired, and operated in accordance with accepted industry standard practices, all Technical Data technical documentation and any other instructions issued by the Seller, Seller and the Suppliers and the Propulsion Systems Manufacturer and all applicable rules, regulations and directives of the relevant Aviation Authorities. The Seller’s liability under this Clause 12.1 shall not extend to normal wear and tear nor to:.

Appears in 6 contracts

Samples: Letter Agreement (China Southern Airlines Co LTD), Letter Agreement (China Southern Airlines Co LTD), A330 Purchase Agreement (China Eastern Airlines Corp LTD)

Accepted Industry Standard Practices Normal Wear and Tear. The Buyer’s rights under this Clause 12.1 are subject to the Aircraft and each component, equipment, accessory and part thereof being maintained, overhauled, repaired and operated in accordance with accepted industry standard practices, all Technical Data the Buyer’s Aviation Authority approved maintenance program and maintenance procedures and requirements and any other instructions mandatory requirements issued by the SellerSeller generally to all owners and operators of the Warranted part at issue, the Suppliers and the Propulsion Systems Manufacturer and all applicable rules, regulations and directives of the relevant Aviation Authorities. The Seller’s liability under this Clause 12.1 shall not extend to normal wear and tear nor or to:

Appears in 5 contracts

Samples: Letter Agreement (Avianca Holdings S.A.), Letter Agreement (Avianca Holdings S.A.), Purchase Agreement (Avianca Holdings S.A.)

Accepted Industry Standard Practices Normal Wear and Tear. The Buyer’s rights under this Clause 12.1 with respect to any Warranted Part are subject to the Aircraft and each component, equipment, accessory and part thereof such Warranted Part being maintained, overhauled, repaired and operated in accordance with accepted industry standard practices, all Technical Data and any other instructions issued by the Seller, the Suppliers and the Propulsion Systems System Manufacturer with respect to such Warranted Part and all applicable rules, regulations and directives of the relevant Aviation AuthoritiesAuthorities with respect to such Warranted Part. The Seller’s liability under this Clause 12.1 shall will not extend to normal wear and tear nor to:

Appears in 3 contracts

Samples: Letter Agreement (American Airlines, Inc.), Letter Agreement (American Airlines Inc), Letter Agreement (American Airlines Inc)

Accepted Industry Standard Practices Normal Wear and Tear. The Buyer’s rights under this Clause 12.1 are subject to the Aircraft and each component, equipment, accessory and part thereof being maintained, overhauled, repaired repaired, and operated in accordance with accepted industry standard practices, all Technical Data technical documentation and any other instructions issued by the Seller, Seller and the Suppliers and the Propulsion Systems Manufacturer and all applicable rules, regulations and directives of the relevant Aviation Authorities. The Seller’s liability under this Clause 12.1 shall not extend to normal wear and tear nor to:.

Appears in 3 contracts

Samples: Letter Agreement (Controladora Vuela Compania De Aviacion, S.A.B. De C.V.), Participation Agreement (AerCap Holdings N.V.), Aircraft Purchase Agreement (AerCap Holdings N.V.)

Accepted Industry Standard Practices Normal Wear and Tear. The Buyer’s rights under this Clause 12.1 are subject to the Aircraft and each component, equipment, accessory and part thereof being maintained, overhauled, repaired and operated in accordance with accepted industry standard practices, all Technical Data and any other instructions issued by the Seller, the Suppliers and the applicable Propulsion Systems System Manufacturer and all applicable rules, regulations and directives of the relevant Aviation Authorities. The Seller’s liability under this Clause 12.1 shall will not extend to normal wear and tear nor or to:

Appears in 2 contracts

Samples: Letter Agreement (Hawaiian Holdings Inc), Letter Agreement (Hawaiian Holdings Inc)

Accepted Industry Standard Practices Normal Wear and Tear. The Buyer’s rights under this Clause 12.1 are subject to the Aircraft and each component, equipment, accessory and part thereof being maintained, overhauled, repaired and operated in accordance with accepted industry standard practices, all Technical Data and any other instructions generally applicable to, and generally adopted by, operators of aircraft of the same model as the Aircraft issued by the Seller, the Suppliers and the Propulsion Systems System Manufacturer and all applicable rules, regulations and directives of the relevant Aviation Authorities, *****. The Seller’s liability under this Clause 12.1 shall will not extend to normal wear and tear nor or to:

Appears in 2 contracts

Samples: Letter Agreement (Frontier Group Holdings, Inc.), Letter Agreement (Frontier Group Holdings, Inc.)

Accepted Industry Standard Practices Normal Wear and Tear. The Buyer’s rights under this Clause 12.1 are subject to the Aircraft and each component, equipment, accessory and part thereof being maintained, overhauled, repaired and operated in accordance with accepted industry standard practicespractices and [*], all Technical Data and any other instructions issued by the Seller, the Suppliers and the Propulsion Systems Manufacturer and all applicable rules, regulations and directives of the relevant Aviation Authorities. The Seller’s liability under this Clause 12.1 shall will not extend to normal wear and tear nor to:

Appears in 1 contract

Samples: Letter Agreement (Air Lease Corp)

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Accepted Industry Standard Practices Normal Wear and Tear. The Buyer’s rights under this Clause 12.1 are subject to the Aircraft and each component, equipment, accessory and part thereof being maintained, overhauled, repaired and operated in accordance with accepted industry standard practices, all Technical Data and any other instructions issued by the Seller, the Suppliers and the Propulsion Systems Manufacturer and all applicable rules, regulations and directives ***** Confidential portions of the relevant Aviation Authorities. The Seller’s liability under this Clause 12.1 shall not extend to normal wear material have been omitted and tear nor to:filed separately with the Securities and Exchange Commission.

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Frontier Group Holdings, Inc.)

Accepted Industry Standard Practices Normal Wear and Tear. The Buyer’s rights under this Clause 12.1 are subject to the Aircraft and each component, equipment, accessory and part thereof being maintained, overhauled, repaired and operated in accordance with accepted industry standard practices, all Technical Data and any other instructions issued by the Seller, [***] the Suppliers and the Propulsion Systems Manufacturer and all applicable rules, regulations and directives of the relevant Aviation Authorities. The Seller’s liability under this Clause 12.1 shall not extend to normal wear and tear nor or to:

Appears in 1 contract

Samples: Letter Agreement (Avianca Holdings S.A.)

Accepted Industry Standard Practices Normal Wear and Tear. The Buyer’s 's rights under this Clause 12.1 are subject to the Aircraft and each component, equipment, accessory and part thereof being maintained, overhauled, repaired repaired, and operated in accordance with accepted industry standard practices, all Technical Data and any other instructions issued by the Seller, the Suppliers and the Propulsion Systems Manufacturer and all applicable rules, regulations and directives of the relevant Aviation Authorities. *** This information is subject to confidential treatment and has been omitted and filed separately with the Commission. CT0803291 Private & Confidential The Seller’s 's liability under this Clause 12.1 shall not extend to normal wear and tear nor to:

Appears in 1 contract

Samples: Letter Agreement (China Southern Airlines Co LTD)

Accepted Industry Standard Practices Normal Wear and Tear. The Buyer’s rights under this Clause 12.1 are subject to the Aircraft and each component, equipment, accessory and part thereof being maintained, overhauled, repaired repaired, and operated in accordance with accepted industry standard practices, all Technical Data technical documentation and any other instructions issued by the Seller, Seller and the Suppliers and the Propulsion Systems Engine Manufacturer and all applicable rules, regulations and directives of the relevant Aviation Authorities. The Seller’s liability under this Clause 12.1 shall not extend to normal wear and tear nor to:.

Appears in 1 contract

Samples: Purchase Agreement (Latam Airlines Group S.A.)

Accepted Industry Standard Practices Normal Wear and Tear. The Buyer’s rights under this Clause 12.1 are subject to the Aircraft and each component, equipment, accessory and part thereof being maintained, overhauled, repaired and operated in accordance with accepted aeronautics industry standard practices, all Technical Data and any other instructions issued by the Seller, the Suppliers and the Propulsion Systems Manufacturer and all applicable rules, regulations and directives of the relevant Aviation Authorities. The Seller’s liability under this Clause 12.1 shall not extend to normal wear and tear nor to:

Appears in 1 contract

Samples: A320 Neo Purchase Agreement (Azul Sa)

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