Common use of Advance Payment Schedules, Prices and Adjustments Clause in Contracts

Advance Payment Schedules, Prices and Adjustments. 3.1 Buyer will pay to Boeing advance payments for the Option Aircraft pursuant to the following schedule. Amount Due per Option Aircraft (Percentage times Due Date of Payment Advance Payment Base Price) Upon signing of the definitive 1% (less the agreement Deposit) 24 months prior to the first 4% day of the scheduled delivery month of the Option Aircraft/ 21 months prior to the first 5% day of the scheduled delivery month of the Option Aircraft 18 months prior to the first 5% day of the scheduled delivery month of the Option Aircraft 12 months prior to the first 5% day of the scheduled delivery month of the Option Aircraft 9 months prior to the first 5% day of the scheduled delivery month of the Option Aircraft 6 months prior to the first 5% day of the scheduled delivery month of the Option Aircraft Total 30% Any advance payments past due as of the date of signing the definitive purchase agreement for the Option Aircraft are due and payable on the date of such signing.

Appears in 2 contracts

Samples: Letter Agreement (Alaska Air Group Inc), Letter Agreement (Alaska Airlines Inc)

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Advance Payment Schedules, Prices and Adjustments. 3.1 Buyer will pay to Boeing advance payments for the Option Aircraft pursuant to on the following scheduledates and in the amounts determined below. Amount Due per Option Aircraft (Percentage times Due Date of Payment Advance Payment Base Price) Upon signing of the definitive 1% Deposit *** (less the agreement Depositif applicable) 24 months prior to the first 4% day of the scheduled delivery month of the Option Aircraft/ 21 months prior to the first 5% day of the scheduled delivery month of the Option Aircraft 18 months prior to the first 515% (less the day of the scheduled delivery Deposit if any) month of the Option Aircraft 12 months prior to the first 5% day of the scheduled delivery month of the Option Aircraft 9 months prior to the first 5% day of the scheduled delivery month of the Option Aircraft 6 months prior to the first 5% day of the scheduled delivery month of the Option Aircraft Total 30% Any advance payments that would be past due as of the date of signing the definitive purchase agreement for the Option Aircraft in accordance with the above schedule are due and payable on the date of such signingdate.

Appears in 2 contracts

Samples: Supplemental Agreement (Southwest Airlines Co), Letter Agreement (Southwest Airlines Co)

Advance Payment Schedules, Prices and Adjustments. 3.1 Buyer will pay to Boeing advance payments for the Option Aircraft pursuant to the following schedule. Amount Due per Option Aircraft (Percentage times Due Date of Payment Advance Payment Base Price) ------------------- ------------------------------ Upon signing of the definitive 1% (less the agreement Deposit) 24 months prior to the first 4% day of the scheduled delivery month of the Option Aircraft/ Aircraft 21 months prior to the first 5% day of the scheduled delivery month of the Option Aircraft 18 months prior to the first 5% day of the scheduled delivery month of the Option Aircraft 12 months prior to the first 5% day of the scheduled delivery month of the Option Aircraft 9 months prior to the first 5% day of the scheduled delivery month of the Option Aircraft 6 months prior to the first 5% day of the scheduled delivery month of the Option Aircraft Total 30% Any advance payments past due as of the date of signing the definitive purchase agreement for the Option Aircraft are due and payable on the date of such signing.

Appears in 2 contracts

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

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Advance Payment Schedules, Prices and Adjustments. 3.1 Buyer will pay to Boeing advance payments for the Option Aircraft pursuant on the dates and in the amounts determined below. Attachment A to the following schedule. 6-1162-RLL-933R1 Page 5 Amount Due per Option Aircraft (Percentage times Due Date of Payment Advance Payment Base Price) Upon signing of the definitive 1% Deposit $100,000 (less the agreement Depositif applicable) 24 months prior to the first 4% day of the scheduled delivery month of the Option Aircraft/ 21 months prior to the first 5% day of the scheduled delivery month of the Option Aircraft 18 months prior to the first 515% (less the day of the scheduled delivery Deposit if any) month of the Option Aircraft 12 months prior to the first 5% day of the scheduled delivery month of the Option Aircraft 9 months prior to the first 5% day of the scheduled delivery month of the Option Aircraft 6 months prior to the first 5% day of the scheduled delivery month of the Option Aircraft Total 30% Any advance payments that would be past due as of the date of signing the definitive purchase agreement for the Option Aircraft in accordance with the above schedule are due and payable on the date of such signingdate.

Appears in 1 contract

Samples: Letter Agreement (Southwest Airlines Co)

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