Common use of Escalation of Credit Memoranda Clause in Contracts

Escalation of Credit Memoranda. Unless otherwise noted, the amounts of the Credit Memoranda stated in [*] will be escalated from the base year indicated to the scheduled month of the respective Aircraft or [*] delivery pursuant to the Airframe Escalation formula set forth in the Purchase Agreement applicable to such Aircraft or [*]. The Credit Memoranda may, at the election of Customer, be (i) applied against the Aircraft Price of the respective Aircraft or [*] at the time of delivery, or (ii) used for the purchase of other Boeing goods and services (but shall not be applied to advance payments).

Appears in 8 contracts

Samples: Supplemental Agreement (Air Lease Corp), Supplemental Agreement (Air Lease Corp), Supplemental Agreement (Air Lease Corp)

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Escalation of Credit Memoranda. Unless otherwise noted, the amounts of the Credit Memoranda stated in [*] and will be escalated from the base year indicated to the scheduled month of the respective 787-9 Block B, C, D, and E Aircraft or [*] delivery pursuant to the Airframe Escalation formula set forth in the Purchase Agreement applicable to such Aircraft or [*]the Aircraft. The Credit Memoranda are stated in U.S. Dollars and may, at the election of Customer, be (i) applied against the Aircraft Price of the respective Aircraft or [*] at the time of delivery, or (ii) used for the purchase of other Boeing goods and services (but shall not be applied to advance payments).

Appears in 6 contracts

Samples: Letter Agreement (Air Lease Corp), Letter Agreement (Air Lease Corp), Purchase Agreement (Air Lease Corp)

Escalation of Credit Memoranda. Unless otherwise noted, the amounts of the Credit Memoranda stated in [*] and will be escalated from the base year indicated to the scheduled month of the respective 787-10 Block A Aircraft or [*] delivery pursuant to the Airframe Escalation formula set forth in the Purchase Agreement applicable to such Aircraft or [*]the Aircraft. The Credit Memoranda may, at the election of Customer, be (i) applied against the Aircraft Price of the respective Aircraft or [*] at the time of delivery, or (ii) used for the purchase of other Boeing goods and services (but shall not be applied to advance payments).

Appears in 2 contracts

Samples: Letter Agreement (Air Lease Corp), Letter Agreement (Air Lease Corp)

Escalation of Credit Memoranda. Unless otherwise noted, the amounts of the Credit Memoranda stated in [*Paragraphs 1.1 through 1.5 are in [ * ] base year dollars and will be escalated from the base year indicated to the scheduled month of the respective Aircraft or [*] delivery pursuant to the Airframe Escalation formula set forth in the Purchase Agreement applicable to such Aircraft or [*]the Aircraft. The Credit Memoranda may, at the election of Customer, be (i) applied against the Aircraft Price of the respective Aircraft or [*] at the time of delivery, or (ii) used for the purchase of other Boeing goods and services (but shall not be applied to advance payments).

Appears in 2 contracts

Samples: Letter Agreement (Fedex Corp), Aircraft General Terms Agreement (Fedex Corp)

Escalation of Credit Memoranda. Unless otherwise noted, the amounts of the Credit Memoranda stated in [*Paragraphs 1.1 through 1.5 are in [ * ] base year dollars and will be escalated from the base year indicated to the scheduled month of the respective Aircraft or [*] delivery pursuant to the Airframe Escalation formula set forth in the Purchase Agreement applicable to such Aircraft or [*]the Exercised Option Aircraft. The Credit Memoranda may, at the election of Customer, be (i) applied against the Exercised Option Aircraft Price of the respective Exercised Option Aircraft or [*] at the time of delivery, or (ii) used for the purchase of other Boeing goods and services (but shall not be applied to advance payments).

Appears in 2 contracts

Samples: Letter Agreement (Fedex Corp), Aircraft General Terms Agreement (Fedex Corp)

Escalation of Credit Memoranda. Unless otherwise noted, the amounts of the Credit Memoranda stated in [*] and will be escalated from the base year indicated to the scheduled month of the respective 787-9 Block B, C and D Aircraft or [*] delivery pursuant to the Airframe Escalation formula set forth in the Purchase Agreement applicable to such Aircraft or [*]the Aircraft. The Credit Memoranda are stated in U.S. Dollars and may, at the election of Customer, be (i) applied against the Aircraft Price of the respective Aircraft or [*] at the time of delivery, or (ii) used for the purchase of other Boeing goods and services (but shall not be applied to advance payments).

Appears in 1 contract

Samples: Letter Agreement (Air Lease Corp)

Escalation of Credit Memoranda. Unless otherwise noted, the amounts of the Credit Memoranda stated in [*] and will be escalated from the base year indicated to the scheduled month of the respective 787-9 Block B and C Aircraft or [*] delivery pursuant to the Airframe Escalation formula set forth in the Purchase Agreement applicable to such Aircraft or [*]the Aircraft. The Credit Memoranda are stated in U.S. Dollars and may, at the election of Customer, be (i) applied against the Aircraft Price of the respective Aircraft or [*] at the time of delivery, or (ii) used for the purchase of other Boeing goods and services (but shall not be applied to advance payments).

Appears in 1 contract

Samples: Letter Agreement (Air Lease Corp)

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Escalation of Credit Memoranda. Unless otherwise noted, the amounts of the Credit Memoranda stated in paragraphs [*] and will be escalated from the base year indicated to the scheduled month of the respective Block A Aircraft or [*] delivery pursuant to the Airframe Escalation formula set forth in the Purchase Agreement applicable to such Aircraft or [*]the Block A Aircraft. The Credit Memoranda may, at the election of Customer, be (i) applied against the Aircraft Price of the respective Block A Aircraft or [*] at the time of delivery, or (ii) used for the purchase of other Boeing goods and services (but shall not be applied to advance payments).

Appears in 1 contract

Samples: Letter Agreement (Air Lease Corp)

Escalation of Credit Memoranda. Unless otherwise noted, the amounts of the Credit Memoranda stated in [*] Paragraphs 1.1, 1.2, 1.3, 1.4 and 1.5 are in base year dollars and will be escalated from the base year indicated to the scheduled month of the respective Block B Aircraft or [*] delivery pursuant to the Airframe Escalation formula set forth in the Purchase Agreement applicable to such Aircraft or [*]the Block B Aircraft. The Credit Memoranda may, at the election of Customer, be (i) applied against the Aircraft Price of the respective Block B Aircraft or [*] at the time of delivery, or (ii) used for the purchase of other Boeing goods and services (but shall not be applied to advance payments).

Appears in 1 contract

Samples: Supplemental Agreement (Air Lease Corp)

Escalation of Credit Memoranda. Unless otherwise noted, the amounts of the Credit Memoranda stated in Paragraphs [*] will be escalated from the base year indicated [*] to the scheduled month of the respective Block F Aircraft or [*] delivery pursuant to the Airframe Escalation formula set forth in the Purchase Agreement applicable to such Aircraft or [*]Block F Aircraft. The Credit Memoranda may, at the election of Customer, be (i) applied against the Aircraft Price of the respective Block F Aircraft or [*] at the time of delivery, or (ii) used for the purchase of other Boeing goods and services (but shall not be applied to advance payments).

Appears in 1 contract

Samples: Supplemental Agreement (Air Lease Corp)

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