Common use of Default Procedure Clause in Contracts

Default Procedure. In the event that Customer fails to make the accelerated advance payments in the amounts and on the dates established by the parties, or if the parties are unable to agree on the dates and amounts for the accelerated advance payments, the Customer shall pay interest as described in paragraph 5, above.

Appears in 4 contracts

Samples: Purchase Agreement (China Southern Airlines Co LTD), Purchase Agreement (China Southern Airlines Co LTD), Purchase Agreement (China Southern Airlines Co LTD)

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Default Procedure. In the event that Customer fails to make the accelerated advance payments in the amounts and on the dates established by the parties, or if the parties are unable to agree on the dates and amounts for the accelerated advance payments, the Customer shall pay interest as interests described in paragraph 5, 1.2 above.

Appears in 1 contract

Samples: Purchase Agreement (China Eastern Airlines Corp LTD)

Default Procedure. In the event that Customer fails to make the accelerated advance payments in the amounts and on the dates established by the parties, or if the parties are unable to agree on the dates and amounts for the accelerated advance payments, the Customer shall pay interest as described in paragraph 5, . above.. CEA-PA-4077-LA-1302601 LA Page 2 Payment Matters

Appears in 1 contract

Samples: Purchase Agreement (China Eastern Airlines Corp LTD)

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Default Procedure. In the event that Customer fails to make the accelerated advance payments in the amounts and on the dates established by the parties, or if the parties are unable to agree on the dates and amounts for the accelerated advance payments, the Customer shall pay interest as described in paragraph 5, . above.

Appears in 1 contract

Samples: Purchase Agreement (China Eastern Airlines Corp LTD)

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