Common use of In-Orbit Performance Incentives Clause in Contracts

In-Orbit Performance Incentives. Contractor represents that each Satellite will meet the criteria set forth or referenced in Article 12.3 (Calculation and Earning of Incentive Amounts) during the Orbital Design Life of each Satellite. To the extent any Satellite satisfies the criteria set forth or referenced in Article 12.3 (Calculation and Earning of Incentive Amounts), Customer shall pay Contractor Incentive Amounts, to be calculated as specified in Article 12.3 (Calculation and Earning of Incentive Amounts). The total aggregate amount of incentives paid by Customer to Contractor for any and all Satellites shall not exceed the Total Amount At Risk, plus interest thereon calculated pursuant to Article 12.6(b) of this Contract.

Appears in 4 contracts

Samples: Satellite Purchase Contract (Xm Satellite Radio Holdings Inc), Satellite Purchase Contract (Xm Satellite Radio Holdings Inc), Satellite Purchase Contract (Xm Satellite Radio Holdings Inc)

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