Common use of Allowance Not Paid Clause in Contracts

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.

Appears in 2 contracts

Samples: Letter Agreement (Virgin America Inc.), General Terms Agreement (Virgin America Inc.)

AutoNDA by SimpleDocs

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.)

AutoNDA by SimpleDocs

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 1 contract

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

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!