Common use of Disposition of BFE Following Termination Clause in Contracts

Disposition of BFE Following Termination. 18.5.1 If a termination of this Agreement pursuant to the provisions of Clause 21 hereof occurs with respect to an Aircraft in which all or any part of the BFE has been installed prior to the date of such termination, the Seller will be entitled, but not required, to remove all items of BFE which can be removed without damage to the Aircraft and to undertake commercially reasonable efforts to facilitate the sale of such items of BFE to other customers, retaining and applying the proceeds of such sales to reduce Seller’s damages resulting from the termination.

Appears in 4 contracts

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

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Disposition of BFE Following Termination. 18.5.1 If a termination of this Agreement pursuant to the provisions of Clause 21 hereof occurs with respect to an Aircraft in which all or any part of the BFE has been installed prior to the date of such termination, the Seller will be entitled, but not required, to remove all items of BFE which that can be removed without causing damage to the Aircraft or rendering any system in the Aircraft unusable and to undertake commercially reasonable efforts to facilitate the sale of such items of BFE to other customers, retaining and applying the proceeds of such sales to reduce Seller’s damages resulting from the termination.. In addition, the following terms will apply in the case of such a termination:

Appears in 3 contracts

Samples: Letter Agreement (Us Airways Inc), Letter Agreement (Us Airways Inc), Letter Agreement (Us Airways Inc)

Disposition of BFE Following Termination. 18.5.1 If a termination of this Agreement by the Seller pursuant to the provisions of Clause 21 hereof 20 occurs with respect to an Aircraft in which all or any part of the BFE has been installed prior to the date of such termination, the Seller will shall be entitled, but not required, to remove all items of BFE which that can be removed without damage to the Aircraft and to undertake commercially reasonable efforts to facilitate the sale of such items of BFE to other customers, retaining and applying the proceeds of such sales to reduce the Seller’s damages resulting from the termination.

Appears in 3 contracts

Samples: Purchase Agreement (Avolon Holdings LTD), A320 Purchase Agreement (Avolon Holdings LTD), A320 Purchase Agreement (Avolon Holdings LTD)

Disposition of BFE Following Termination. 18.5.1 If a termination of this Agreement pursuant to the provisions of Clause 21 hereof occurs with respect to an Aircraft in which all or any part of the BFE has been installed prior to the date of such termination, the Seller will be entitled, but not required, to remove all items of BFE which that can be removed without damage to the Aircraft and to undertake commercially reasonable efforts to facilitate the sale of such items of BFE to other customers, retaining and applying the proceeds of such sales to reduce Seller’s 's damages resulting from the termination.

Appears in 3 contracts

Samples: A330 200 Freighter Purchase Agreement (Aircastle LTD), Airbus A350 Purchase Agreement (Us Airways Group Inc), A350 Purchase Agreement (Us Airways Group Inc)

Disposition of BFE Following Termination. 18.5.1 If a termination of this Agreement pursuant to the provisions of Clause 21 hereof occurs with respect to an Aircraft in which all or any part of the BFE has been installed prior to the date of such termination, the Seller will shall be entitled, but not required, to remove all items of BFE which that can be removed without damage to the Aircraft and to undertake commercially reasonable efforts to facilitate the sale of such items of BFE to other customers, retaining and applying the proceeds of such sales to reduce Seller’s damages resulting from the termination.

Appears in 3 contracts

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

Disposition of BFE Following Termination. 18.5.1 If a termination of this Agreement pursuant to the provisions of Clause 21 hereof occurs with respect to an Aircraft in which all or any part of the BFE has been installed prior to the date of such termination, the Seller will be entitled, but not required, to remove all items of BFE which can be removed without damage to the Aircraft and to undertake commercially reasonable efforts to facilitate the sale of such items of BFE to other customers, retaining and applying the proceeds of such sales to reduce Seller’s 's damages resulting from the termination.

Appears in 2 contracts

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

Disposition of BFE Following Termination. 18.5.1 If a termination of this Agreement pursuant to the provisions of Clause 21 hereof 20 occurs with respect to an Aircraft in which all or any part of the BFE has been installed prior to the date of such termination, the Seller will shall be entitled, but not required, to remove all items of BFE which that can be removed without damage to the Aircraft and to undertake commercially reasonable efforts to facilitate the sale of such items of BFE to other customers, retaining and applying the proceeds of such sales to reduce the Seller’s damages resulting from the termination.

Appears in 2 contracts

Samples: A320 Neo Purchase Agreement (Azul Sa), Letter Agreement (Avianca Holdings S.A.)

Disposition of BFE Following Termination. 18.5.1 If a termination of this Agreement pursuant to the provisions of Clause 21 hereof 20 occurs with respect to an Aircraft in which all or any part of the BFE has been installed prior to the date of such termination, the Seller will shall be entitled, but not required, to remove all items of BFE which that can be removed without damage to the Aircraft and to undertake commercially reasonable efforts to facilitate the sale of such items of BFE to other customers, retaining and applying the proceeds of such sales to reduce Seller’s damages resulting from the termination.*** A320F NEO - CES 2013 Private & Confidential CT1302606

Appears in 1 contract

Samples: Letter Agreement (China Eastern Airlines Corp LTD)

Disposition of BFE Following Termination. 18.5.1 If a termination of this Agreement AGTA pursuant to the provisions of Clause 21 hereof 20 occurs with respect to an Aircraft in which all or any part of the BFE has been installed prior to the date of such termination, the Seller will shall be entitled, but not required, to remove all items of BFE which that can be removed without damage to the Aircraft and to undertake commercially reasonable efforts to facilitate the sale of such items of BFE to other customers, retaining and applying the proceeds of such sales to reduce the Seller’s damages resulting from the termination.

Appears in 1 contract

Samples: Letter Agreement (China Southern Airlines Co LTD)

Disposition of BFE Following Termination. 18.5.1 18.1.9.1 If a termination of this Agreement pursuant to the provisions of Clause 21 hereof 20 occurs with respect to an Aircraft in which all or any part of the BFE has been installed prior to the date of such termination, the Seller will be entitled, but not required, to remove with reasonable diligence and care all items of BFE which that can be removed without damage to the Aircraft and to undertake commercially reasonable efforts to facilitate the sale of such items of BFE to other customers, retaining and applying the proceeds of such sales to reduce the Seller’s damages resulting from the termination.

Appears in 1 contract

Samples: Letter Agreement (Air Lease Corp)

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Disposition of BFE Following Termination. 18.5.1 If a termination of this Agreement pursuant to the provisions of Clause 21 hereof 20 occurs with respect to an Aircraft in which all or any part of the BFE has been installed prior to the date of such termination, the Seller will be entitled, but not required, to remove all items of BFE which that can be removed without damage to the Aircraft and to undertake commercially reasonable efforts to facilitate the sale of such items of BFE to other customers, retaining and applying the proceeds of such sales to reduce the Seller’s damages resulting from the termination.

Appears in 1 contract

Samples: Letter Agreement (Virgin America Inc.)

Disposition of BFE Following Termination. 18.5.1 18.1.9.1 If a termination of this Agreement pursuant to the provisions of Clause 21 hereof 20 occurs with respect to an Aircraft in which all or any part of the BFE has been installed prior to the date of such termination, the Seller will shall be entitled, but not required, to remove all items of BFE which that can be removed without damage to the Aircraft and to undertake commercially reasonable efforts to facilitate the sale of such items of BFE to other customers, retaining and applying the proceeds of such sales to reduce the Seller’s damages resulting from the termination.

Appears in 1 contract

Samples: A350 Purchase Agreement (China Southern Airlines Co LTD)

Disposition of BFE Following Termination. 18.5.1 If a termination of this Agreement pursuant to the provisions of Clause 21 hereof occurs with respect to an Aircraft in which all or any part of the BFE has been installed prior to the date of such termination, the Seller will be entitled, but not required, to remove all items of BFE which that can be removed without causing damage to the Aircraft or rendering any system in the Aircraft unusable and to undertake commercially reasonable efforts to facilitate the sale of such items of BFE to other customers, retaining and applying the proceeds of such sales to reduce the Seller’s damages resulting from the termination.. In addition, the following terms will apply in the case of such a termination:

Appears in 1 contract

Samples: Letter Agreement (Us Airways Inc)

Disposition of BFE Following Termination. 18.5.1 18.1.9.1 If a termination of this Agreement by the Seller pursuant to the provisions of Clause 21 hereof 20 occurs with respect to an Aircraft in which all or any part of the BFE has been installed prior to the date of such termination, the Seller will shall be entitled, but not required, to remove all items of BFE which that can be removed without damage to the Aircraft and to undertake commercially reasonable efforts to facilitate the sale of such items of BFE to other customers, retaining and applying the proceeds of such sales to reduce the Seller’s damages resulting from the termination.

Appears in 1 contract

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

Disposition of BFE Following Termination. 18.5.1 If a termination of this Agreement pursuant to the provisions of Clause 21 hereof occurs with respect to an Aircraft in which all or any part of the BFE has been installed prior to the date of such termination, the Seller will be entitled, but not required, to remove all items of BFE which that can be removed without damage to the Aircraft and to undertake commercially reasonable efforts to facilitate the sale of such items of BFE to other customers, retaining and applying the proceeds of such sales to reduce Seller’s damages resulting from the termination.

Appears in 1 contract

Samples: Purchase Agreement (Intrepid Aviation LTD)

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