Common use of BUY-BACK OF SURPLUS MATERIEL Clause in Contracts

BUY-BACK OF SURPLUS MATERIEL. 4.5.2.1 The Seller agrees that at any time after one (1) year and within four (4) years after delivery of the first Aircraft to the Buyer, the Buyer shall have the right to return to the Seller, at a credit of one hundred percent (100%) of the original purchase price paid by the Buyer, unused and undamaged Materiel as per sub-Clause 1.2 (i) and at a credit of one hundred percent (100%) of the original Supplier list price, unused and undamaged Materiel as per sub-Clause 1.2 (ii) originally purchased from the Seller under the terms hereof, provided that the selected protection level does not exceed ninety-six percent (96%) with a transit time of twenty (20) days and said Xxxxxxxx was recommended for the Buyer's purchase in the Seller's Initial Provisioning recommendations to the Buyer and does not exceed the provisioning quantities recommended by the Seller, and is not shelflife limited, or does not contain any shelflife limited components with less than ninety percent (90%) shelflife remaining when returned to the Seller and provided that the Materiel is returned with the Seller's original documentation (tag, certificates).

Appears in 2 contracts

Samples: Letter Agreement (China Eastern Airlines Corp LTD), A330 Purchase Agreement (China Eastern Airlines Corp LTD)

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BUY-BACK OF SURPLUS MATERIEL. 4.5.2.1 3.8.2.1 The Seller agrees that at any time after one (1) year and within four (4) up to [ * ] years after delivery Delivery of the first Aircraft to the Buyer, the Buyer shall will have the right to return to the Seller, at a credit of one hundred percent (100100 %) of the original purchase price paid by the Buyer, unused and undamaged Materiel as per sub(unless the damage was not visually noticeable at the time of delivery to the Buyer) described in Sub-Clause 1.2 condition 2.2.l (i) and at a credit of one hundred percent (100100 %) of the original Supplier Seller list price, unused and undamaged Materiel as per subdescribed in Sub-Clause 1.2 condition 2.2.1 (ii) originally purchased from the Seller under the terms hereof, provided that (i) the selected protection level does not exceed ninety-six percent (9696 %) with a transit time of twenty (20) days and days, (ii) said Xxxxxxxx Materiel was recommended for the Buyer's purchase in the Seller's Initial Provisioning recommendations to the Buyer and does not exceed the provisioning quantities recommended by the Seller, and is not shelflife shelf-life-limited, or does not contain any shelflife shelf-life-limited components with less than ninety percent (90%) shelflife [ * ] shelf life remaining when returned to the Seller Seller, and provided that (iii) the Materiel is returned with the Seller's original documentation (tag, certificates).

Appears in 1 contract

Samples: License Agreement (Fedex Corp)

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BUY-BACK OF SURPLUS MATERIEL. 4.5.2.1 The Seller agrees that at any time after one (1) year and within four three (43) years after delivery to the Buyer of the first last of the six (6) Aircraft to the Buyerpurchased under this Agreement, the Buyer shall have the right to return to the Seller, at a credit of one hundred percent (100100 %) of the original purchase price paid by the Buyer, unused and undamaged Materiel as per sub-Clause 1.2 (i) and at a credit of one hundred percent (100100 %) of the original Supplier list price, unused and undamaged Materiel as per sub-Clause 1.2 (ii) originally purchased from the Seller under the terms hereof, provided that the selected protection level does not exceed ninety-six percent (9696 %) with a transit time of twenty (20) days and said Xxxxxxxx Materiel was recommended for the Buyer's purchase in the Seller's Initial Provisioning recommendations to the Buyer and does not exceed the provisioning quantities recommended by the Seller, and is not shelflife limited, or does not contain any shelflife limited components with less than ninety percent (9090 %) shelflife remaining when returned to the Seller and provided that the Materiel is returned with the Seller's original documentation (tag, certificates).

Appears in 1 contract

Samples: Letter Agreement (KLM Royal Dutch Airlines)

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