Common use of Aircraft Delivery Clause in Contracts

Aircraft Delivery. The parties agree that a “Compliance Deviation” shall refer to instances in which a demonstrated value (regardless of the method by which the compliance is demonstrated) exceeds the guaranteed minimum value of a particular Performance Guarantee. In the event of a Compliance Deviation for any Aircraft at the time Boeing tenders for delivery, Boeing will provide the applicable remedies set forth in paragraph 5.2 and paragraph 6. Customer cannot refuse to accept delivery of such Aircraft because of such Compliance Deviation.

Appears in 4 contracts

Samples: Letter Agreement (Fedex Corp), Supplemental Agreement (Fedex Corp), Letter Agreement (Fedex Corp)

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