Common use of Balance of Final Price Clause in Contracts

Balance of Final Price. 5.4.1 The Balance of Final Price payable by the Buyer to the Seller on the Delivery Date of an Aircraft shall be the Final Price less the amount of Predelivery Payments received by the Seller on or before the Delivery Date with respect to such Aircraft. 5.4.2 Concurrent with each Delivery, the Buyer will pay to the Seller the Balance of the Final Price for the applicable Aircraft. Upon Seller’s receipt of the full amount of the Balance of the Final Price, including any amounts due under Clause 5.5, Seller shall transfer title to such Aircraft to the Buyer at Delivery.

Appears in 3 contracts

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

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Balance of Final Price. 5.4.1 The Balance of Final Price payable by the Buyer to the Seller on the Delivery Date of an Aircraft shall be the Final Price less the amount of Predelivery Payments received by the Seller on or before the Delivery Date with respect to such Aircraft.Date. AVOLON A320 Purchase Agreement December 2010 5.4.2 Concurrent with each Upon receipt of the Seller’s invoice, and immediately prior to Delivery, provided the Aircraft is Ready for Delivery, the Buyer will shall pay to the Seller the Balance of the Final Price for the applicable Aircraft. Upon Seller’s receipt of the full amount of the Balance of the Final Price, including any amounts due under Clause 5.5, Seller shall transfer title to such Aircraft to the Buyer at Delivery.

Appears in 1 contract

Samples: Purchase Agreement (Avolon Holdings LTD)

Balance of Final Price. 5.4.1 The With respect to each Aircraft, the Balance of Final Price payable by the Buyer to the Seller on the Delivery Date of an Aircraft shall be the Final Price of such Aircraft less the amount of Predelivery Payments received by the Seller on or before the Delivery Date with respect to such Aircraft. 5.4.2 Concurrent with each Upon receipt of the Seller’s invoice, and immediately prior to Delivery, the Buyer will shall pay to the Seller the Balance of the Final Price for the applicable Aircraft. Upon Seller’s receipt of the full amount of the Balance of the Final Price, including any amounts due under Clause 5.5, Seller shall transfer title with respect to such Aircraft to the Buyer at DeliveryAircraft.

Appears in 1 contract

Samples: Aircraft Purchase Agreement (AerCap Holdings N.V.)

Balance of Final Price. 5.4.1 The Balance of the Final Price payable by the Buyer to the Seller on the Delivery Date of an Aircraft shall be the Final Price less the amount of all Predelivery Payments received by the Seller for the relevant Aircraft on or before the Delivery Date with respect to such AircraftDate. 5.4.2 Concurrent with each Upon receipt of the Seller’s invoice, immediately prior and as a condition to Delivery, the Buyer will shall pay to the Seller the Balance of the Final Price for the applicable Aircraft. Upon Seller’s receipt of the full amount of the Balance of the Final Price, including any amounts due under Clause 5.5, Seller shall transfer title to such Aircraft to the Buyer at Delivery.

Appears in 1 contract

Samples: Purchase Agreement (Latam Airlines Group S.A.)

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Balance of Final Price. 5.4.1 The Balance of the Final Price payable by the Buyer to the Seller on the Delivery Date of an Aircraft shall be the Final Price less the amount of Predelivery Payments received by the Seller on or before the Delivery Date with respect to such Aircraft. 5.4.2 Concurrent with each Delivery, the Buyer will pay to the Seller the Balance of the Final Price for the applicable AircraftDate. Upon The Seller’s 's receipt of the full amount of the Balance all Predelivery Payments and of the Final Price, including any amounts due under Clause 5.5, Seller shall transfer title to such Aircraft Contract Price will be a condition precedent to the Buyer at DeliverySeller's obligation to deliver such Aircraft.

Appears in 1 contract

Samples: Purchase Agreement (Gatx Capital Corp)

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