Loral Price for Loral Payload Sample Clauses

Loral Price for Loral Payload. Based on a total estimated cost of $400 million for manufacturing, launching, procuring Initial Insurance, and operating the Satellite for 15 years, Loral would pay an aggregate price of $60 million, as described in more detail below. 3.1.1 Loral shall pay to SS/L $36.9 million for the Loral Payload portion of the Satellite (such payment, together with Loral’s share of expenses payable pursuant to Section 3.1.2, the “Loral Price”) in accordance with the payment plan set forth in the Loral Payload Agreement. 3.1.2 The Loral Price is based on the following estimated costs: (i) $246 million for the Satellite (“Satellite Costs”); (ii) $41 million for the Initial Insurance; (iii) $97 million for Satellite launch and associated services (“Launch Costs”) and (iv) $14.7 million for Satellite telemetry, tracking and command services for 15 years (“TT&C Costs”). Loral shall pay 15% of the actual Launch Costs directly to ViaSat and 15% of the actual costs for the Initial Insurance directly to ViaSat. ViaSat will be responsible for 85% of the TT&C Costs provided under the TT&C Agreement, and Loral will be responsible for the remainder. 3.1.3 There shall be no adjustment to the Loral Price hereunder for a price adjustment under the Satellite Contract due to any capacity adjustment for the ViaSat Payload pursuant to Articles 4.6 and 22.1 of the Satellite Contract. Cost changes under the Satellite Contract resulting from changes requested by a Party or a Party’s actions or omissions shall be paid as contemplated by Section 2.2.1. In the event ViaSat makes a change to a Common Element which in its reasonable opinion is necessary or advisable and such change benefits the Loral Payload proportionately, Loral will be responsible for fifteen percent (15%) of any increase in the Satellite Cost owed to SS/L associated with such change to the Common Element(s). Such adjustment will be reflected in an amendment to this Agreement, and the Payment Plan under the Loral Payload Agreement will be correspondingly amended. 3.1.4 The Loral Price above does not include in-orbit insurance costs for the Satellite during the period after the Initial Insurance. In the event ViaSat decides to procure in-orbit insurance for the Satellite following expiration of the Initial Insurance and Loral elects to cause the Loral Payload to be included in that coverage, Loral shall pay to ViaSat 15% of the in-orbit insurance costs for the Satellite for the period ending after the Initial Insurance and cont...
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Related to Loral Price for Loral Payload

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