Common use of Inventory Exchange Clause in Contracts

Inventory Exchange. Charges and credits associated with the retirement or exchange of Life-Limited Parts will be as follows: 1) When the remaining Flight Cycles of a repairable Life-Limited Part removed from Buyer's Equipment are less than the remaining Flight Cycles of ESI's Life-Limited Part replacing Buyer's Part, Buyer will be charged the difference.

Appears in 4 contracts

Samples: Engine Maintenance Agreement (Atlas Air Inc), Engine Maintenance Agreement (Atlas Air Inc), Engine Maintenance Agreement (Atlas Air Inc)

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