Common use of Final Delivery Date Clause in Contracts

Final Delivery Date. If Delivery shall not have occurred on or before the Final Delivery Date, each party shall have the right to terminate this Agreement, upon such termination the obligation of the Seller to sell, and of the Buyer to buy, the Aircraft shall be terminated immediately.

Appears in 3 contracts

Samples: Of Purchase Agreement, Aircraft Sale and Purchase Agreement (Aerocentury Corp), Aircraft Sale and Purchase Agreement (Aerocentury Corp)

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Final Delivery Date. If Delivery shall not have occurred on or before the Final Delivery DateDate due to a failure by a party to comply with its obligations hereunder, each the other party shall have the right to terminate this Agreement, upon such termination the obligation of the Seller to sell, and of the Buyer to buy, the Aircraft shall be terminated immediately.

Appears in 1 contract

Samples: Aircraft Lease Agreement (Aerocentury Corp)

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