Common use of Period of Guarantee Clause in Contracts

Period of Guarantee. The Period of Guarantee will start on the date New Air initiates commercial operation of its first Aircraft (including for purposes of this Guarantee, the Leased Aircraft) powered by Eligible Engines and will terminate [****] from that date.

Appears in 2 contracts

Samples: General Terms of Sale (Jetblue Airways Corp), General Terms of Sale (Jetblue Airways Corp)

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Period of Guarantee. The Period of Guarantee will start on the date New Air initiates commercial operation of its first Aircraft (including for purposes of this Guarantee, the Leased Aircraft) powered by Eligible Engines and will terminate [****] years from that date.

Appears in 2 contracts

Samples: General Terms of Sale (Jetblue Airways Corp), General Terms of Sale (Jetblue Airways Corp)

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Period of Guarantee. The Period of Guarantee for each Eligible Engine will start on the date New Air initiates commercial operation of its first Aircraft (including for purposes of this Guarantee, the Leased Aircraft) powered by Eligible Engines such Engine and will terminate [****] years from that datedate or upon the expiration of the first [****] hours of operation of such Engine, whichever is the sooner.

Appears in 2 contracts

Samples: General Terms of Sale (Jetblue Airways Corp), General Terms of Sale (Jetblue Airways Corp)

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