Common use of If an Excusable Delay occurs Clause in Contracts

If an Excusable Delay occurs. (i) the Seller shall notify the Buyer of such Excusable Delay as soon as practicable after becoming aware of the same; (ii) the Seller shall not be responsible for any damages arising from or in connection with such Excusable Delay suffered or incurred by the Buyer; (iii) the Seller shall not be deemed to be in default in the performance of its obligations hereunder as a result of such Excusable Delay; and (iv) the Seller shall as soon as practicable after the removal of the cause of the delay resume performance of its obligations under this Agreement and in particular shall notify to the Buyer the revised Scheduled Delivery Month.

Appears in 3 contracts

Samples: Purchase Agreement (China Southern Airlines Co LTD), Purchase Agreement (Azul Sa), Purchase Agreement (Avolon Holdings LTD)

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If an Excusable Delay occurs. (i) the Seller shall notify the Buyer of such Excusable Delay as soon as practicable after becoming aware of the same; (ii) the Seller shall not be responsible for any damages arising from or in connection with such Excusable Delay suffered or incurred by the Buyer; (iii) the Seller shall not be deemed to be in default in the performance of its obligations hereunder as a result of such Excusable Delay; Delay and (iv) the Seller shall as soon as practicable after the removal of the cause of the delay resume performance of its obligations under this Agreement and in particular shall notify to the Buyer of the revised Scheduled Delivery Month.

Appears in 2 contracts

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

If an Excusable Delay occurs. (i) the Seller shall notify the Buyer of such Excusable Delay as soon as practicable after becoming aware of the same, [***]; (ii) the Seller shall not be responsible for any damages arising from or in connection with such Excusable Delay suffered or incurred by the Buyer; (iii) the Seller shall not be deemed to be in default in the performance of its obligations hereunder as a result of such Excusable Delay; and (iv) the Seller shall as soon as practicable after the removal of the cause of the delay resume performance of its obligations under this Agreement and in particular shall promptly notify to the Buyer the revised Scheduled Delivery MonthMonth for the relevant Aircraft, which shall be determined in a non discriminatory manner compared with other customers of the Seller similarly affected.

Appears in 1 contract

Samples: Aircraft Purchase Agreement (AerCap Holdings N.V.)

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If an Excusable Delay occurs. (i) the Seller shall notify the Buyer of such Excusable Delay as soon as practicable after becoming aware of the same;; [***] (ii) the Seller shall not be responsible for any damages arising from or in connection with such Excusable Delay suffered or incurred by the Buyer; (iii) the Seller shall not be deemed to be in default in the performance of its obligations hereunder as a result of such Excusable Delay; and (iv) the Seller shall as soon as practicable after the removal of the cause of the delay resume performance of its obligations under this Agreement and in particular shall promptly notify to the Buyer the revised Scheduled Delivery MonthMonth for the relevant Aircraft, which shall be determined in a non discriminatory manner compared with other customers of the Seller similarly affected.

Appears in 1 contract

Samples: Aircraft Purchase Agreement (AerCap Holdings N.V.)

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