Common use of Annulment of the Formula Clause in Contracts

Annulment of the Formula. Should the above provisions become null and void by action of the US Government, the Reference Price will be adjusted due to increases in the costs of labor and materiel which have occurred from the period represented by the applicable Reference Composite Price Index to the twelfth (12th) month prior to the scheduled month of Aircraft Delivery.

Appears in 3 contracts

Samples: A320 Family Purchase Agreement (Spirit Airlines, Inc.), A320 Family Purchase Agreement (Spirit Airlines, Inc.), A320 Family Purchase Agreement (Spirit Airlines, Inc.)

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Annulment of the Formula. Should the above provisions become null and void by action of the US Government, the Reference Price will be adjusted due to increases in the costs of labor and materiel which have occurred from the period represented by the applicable Reference Composite Price Index to the twelfth (12th) month prior to the scheduled month of Aircraft Delivery. 1.5.5 Limitation

Appears in 1 contract

Samples: Purchase Agreement (American Airlines Inc)

Annulment of the Formula. Should the above [*****] provisions become null and void by action of the US Government, the Reference Price will shall be adjusted due to increases in the costs of labor and materiel which have occurred from the period represented by the applicable Reference Composite Price Index [*****] to the twelfth (12th) month [*****] prior to the scheduled month of Aircraft Delivery.

Appears in 1 contract

Samples: Purchase Agreement (Azul Sa)

Annulment of the Formula. Should the above [***] provisions become null and void by action of the US Government, the Reference Price will shall be adjusted due to increases in the costs of labor and materiel which have occurred from the period represented by the applicable Reference Composite Price Index [***] to the twelfth (12th) month [***] prior to the scheduled month of Aircraft Delivery.

Appears in 1 contract

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

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Annulment of the Formula. Should the above ***** provisions become null and void by action of the US Government, the Reference Price will be adjusted due to increases in the costs of labor and materiel material which have occurred from the period represented by the applicable Reference Composite Price Index ***** to the twelfth (12th) month ***** prior to the scheduled month of Aircraft Deliverydelivery.

Appears in 1 contract

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

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