Correction of Discrepancies. The obligation of Lessee to lease the Leased Property from Lessor is subject to Lessor delivering the Leased Property to Lessee in compliance with the conditions set forth on Schedule 2. If Lessor corrects all material discrepancies from the conditions set forth on Schedule 2 before Delivery, or if Lessor and Lessee agree that Lessor will correct or pay for their correction as set forth on Annex 2 to the Certificate of Delivery Condition, then Lessee shall accept the Leased Property. If, on the Scheduled Delivery Date, the Aircraft is not, in all material respects, in the condition set forth in Schedule 2 and either Lessor does not correct all material discrepancies or Lessor and Lessee do not agree upon the correction of such material discrepancies within 360 days after the Scheduled Delivery Date, then Lessee may by notice to Lessor terminate this Agreement, in which event neither Lessor nor Lessee shall have any further obligations under this Agreement except as set forth in Section 7.4. If Lessee fails to give any such termination notice within 360 days following the Scheduled Delivery Date, Lessee shall be deemed to have accepted the Leased Property for all purposes of this Agreement. 4 Vide 3.6 of the text supra.
Correction of Discrepancies. In the event of a discovery of a discrepancy, a correcting payment shall be made forthwith by Zogenix to Elan or Elan to Zogenix, as the case may be, together with interest at the rate specified in Clause 11.7. If the discrepancy exceeds [***]% of the amount due or charged by a Party for any period, then additionally the cost of such accountants shall be borne by the audited Party.
Correction of Discrepancies. The obligation of Lessee to lease the Leased Property from Lessor is subject to Lessor delivering the Leased Property to Lessee in compliance with the conditions set forth on Schedule 3. If Lessor corrects all material discrepancies from the conditions set forth on Schedule 3 before delivery, or if Lessor and Lessee agree that Lessor will correct or pay for their correction as set forth on Annex 2 to the Certificate of Delivery Condition, then Lessee shall accept the Leased Property. If, on the Scheduled Delivery Date, the Aircraft is not, in all material respects, in the condition set forth in Schedule 3 and Lessor and Lessee do not agree upon the correction of or payment for such material discrepancies within 60 days after the Scheduled Delivery Date, then Lessee may by notice to Lessor given not later than 75 days after the Scheduled Delivery Date terminate this Agreement. If Lessee fails to give any such termination notice within 75 days after the Scheduled Delivery Date, Lessee shall be deemed to have accepted the Leased Property for all purposes of this Agreement.
Correction of Discrepancies. Diligently correct any and all discrepancies from the requirements hereof identified by Lessor.
Correction of Discrepancies. If any inspection items exceed manufacturer’s published limits for Engine, and/or if any inspection shows evidence of foreign object damage, then Lessor shall repair such damage in accordance with the Pxxxx & Wxxxxxx maintenance repair manual of if foreign object damage is beyond repairable limits, the part will be replaced with a serviceable unit at the Lessor’s expense, prior to Delivery, correct or cause to correct such conditions to meet normal tolerances.
Correction of Discrepancies. If the Aircraft fails to conform to the specifications in Exhibit A and/or the delivery conditions set forth in Section 4 above (any such failure a “Discrepancy”), Purchaser shall not be obligated to accept the Aircraft unless, prior to the time of Delivery, Seller either (i) corrects at Seller’s expense any Discrepancies discovered during the pre-purchase inspection, or (ii) commits to Purchaser in writing to correct at Seller’s expense any such Discrepancies in a manner and within a time frame reasonably acceptable to Purchaser. Upon (x) determination that there are no Discrepancies, (y) correction of any Discrepancies, or (z) Seller’s commitment to correct any Discrepancies as provided in the preceding sentence, Purchaser shall, at the time of Delivery, execute a Final Delivery and Acceptance Receipt in the form of Exhibit B attached hereto. In the event that any Discrepancies have not been corrected by the time of Delivery, the Final Delivery and Acceptance Receipt shall indicate the Discrepancies to be resolved and the time frame and manner in which the parties have agreed that Seller shall correct such Discrepancies, and will be countersigned by Seller to indicate its agreement.
Correction of Discrepancies. Lessor and Lessee agree that the items (if any) listed on the attached Annex 2 (the "Discrepancies") shall be corrected as set forth on the attached Annex 2. 3.
Correction of Discrepancies. Aeroman shall submit to the Representative, for his or her written approval, a list of all repairs which are required to be performed by Aeroman in connection with the discrepancies noted pursuant to Section 3.6 above and which do not form part of the Workscope, and upon such approval such repairs shall be performed by Aeroman as Additional Services.
Correction of Discrepancies. As soon as reasonably practicable after Buyer’s acceptance of the Aircraft “as is”, or acceptance of the Aircraft subject solely to Seller's correction of Airworthiness Discrepancies and Good Working Order Discrepancies and Seller’s payment of all amounts owed in connection with the correction of such discrepancies, Seller shall diligently cause to be corrected all Airworthiness Discrepancies and Good Working Order Discrepancies at Seller’s cost and expense prior to the Final Closing Date. Time is of the essence in the commencement and completion of repair work to correct the Airworthiness Discrepancies and Good Working Order Discrepancies. A log book entry or maintenance transaction report returning the Aircraft to service by the Inspection Facility acknowledges completion of the remedial work.
Correction of Discrepancies. Diligently correct any and all discrepancies from the requirements of the Lease Agreement identified by Lessor.
