Allowance Not Paid. Allowances described herein will become unearned and will not be paid if Engines have been delivered to the aircraft manufacturer for installation in Airline’s Aircraft and, thereafter, Airline’s purchase order with the aircraft manufacturer is terminated, canceled or revoked, or delivery of the Aircraft will be prevented or delayed beyond ***** of the delivery period described in the Aircraft Delivery Schedule herein (“Delivery Period”), in each case as a result of Airline’s breach of its purchase agreement with Airframer.
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Samples: Letter Agreement (Virgin America Inc.), General Terms Agreement (Virgin America Inc.)
Allowance Not Paid. Allowances described herein will become unearned and will not be paid if Engines have been delivered to the aircraft manufacturer for installation in Airline’s Aircraft and, thereafter, for any reason, Airline’s purchase order with the aircraft manufacturer is terminated, canceled or revoked, or for any reason delivery of the Aircraft will be prevented or delayed beyond ***** of the delivery period described in the Aircraft Delivery Schedule herein (“Delivery Period”), in each case as a result of may be adjusted pursuant to Airline’s breach of its purchase agreement deferral rights with Airframerthe aircraft manufacturer or as otherwise set forth herein.
Appears in 2 contracts
Samples: Letter Agreement (Frontier Group Holdings, Inc.), Letter Agreement (Frontier Group Holdings, Inc.)
Allowance Not Paid. Allowances described herein will become unearned and will not be paid if Engines have been delivered to the aircraft manufacturer for installation in Airline’s Aircraft and, thereafter, for any reason, Airline’s purchase order with the aircraft manufacturer is terminated, canceled or revoked, or for any reason delivery of the Aircraft will be prevented or delayed beyond [***** ] of the delivery period described in the Aircraft Delivery Schedule herein (“Delivery Period”), in each case as a result of may be adjusted pursuant to Airline’s breach of its purchase agreement deferral rights with Airframerthe aircraft manufacturer or as otherwise set forth herein.
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