Common use of Annulment of the Formula Clause in Contracts

Annulment of the Formula. Should the above escalation 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 […***…] prior to the scheduled month of Aircraft Delivery.

Appears in 2 contracts

Samples: Purchase Agreement (Hawaiian Holdings Inc), Purchase Agreement (Hawaiian Holdings Inc)

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Annulment of the Formula. Should the above escalation 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 (Controladora Vuela Compania De Aviacion, S.A.B. De C.V.)

Annulment of the Formula. Should the above escalation 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. *****Confidential portions of the material have been omitted and filed separately with the Securities and Exchange Commission.

Appears in 1 contract

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

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Annulment of the Formula. Should the above escalation 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: A320 Family Purchase Agreement (Spirit Airlines, Inc.)

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