Common use of Obligation to Repurchase Surplus Provisioning Items Clause in Contracts

Obligation to Repurchase Surplus Provisioning Items. During a period commencing one (1) year after the Delivery Date of the first Aircraft, and ending five (5) years after such Delivery Date, XXXX shall, upon receipt of Buyer's written request and subject to the exceptions in Annex A Article 2.8.4, repurchase unused and undamaged Provisioning Items which: (i) were recommended by XXXX as initial provisioning for the Aircraft, (ii) were purchased by Buyer from XXXX, and (iii) are surplus to Buyer's needs.

Appears in 3 contracts

Samples: Letter Agreement (Midway Airlines Corp), Letter Agreement (Midway Airlines Corp), Letter Agreement (Alaska Air Group Inc)

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Obligation to Repurchase Surplus Provisioning Items. During a period commencing one (1) year after the Delivery Date of the first Aircraft, and ending five (5) years after such Delivery Date, XXXX Bombardier shall, upon receipt of Buyer's ’s written request and subject to the exceptions in Annex A A-1 Article 2.8.4, repurchase unused and undamaged Provisioning Items which: (i) were recommended by XXXX Bombardier as initial provisioning for the Aircraft, (ii) were purchased by Buyer from XXXXBombardier, and (iii) are surplus to Buyer's ’s needs.

Appears in 1 contract

Samples: Letter Agreement (Pinnacle Airlines Corp)

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