Common use of Periods and Seller’s Undertaking Clause in Contracts

Periods and Seller’s Undertaking. Subject to the general conditions and limitations set forth in Subclause 12.2.4 below, the Seller agrees that if a Failure occurs in an Item within [***] to the Buyer, the Seller shall, at its own discretion, as promptly as practicable and for a price that reflects the Seller’s financial participation in the cost as hereinafter provided, either: (i) design and furnish to the Buyer a correction for such Item subject to a Failure and provide any parts required for such correction (including Seller designed standard parts but excluding industry standard parts unless a part of an Item), or (ii) replace such Item.

Appears in 3 contracts

Samples: Aircraft Purchase Agreement (Delta Air Lines, Inc.), Purchase Agreement (Delta Air Lines Inc /De/), Letter Agreement (Delta Air Lines Inc /De/)

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Periods and Seller’s Undertaking. Subject to the general conditions and limitations set forth in Subclause 12.2.4 belowClause 12.2.4, the Seller agrees that if a Failure occurs in an Item within [***] to * after the BuyerDelivery of the Aircraft on which such Item is installed, the Seller shallwill, at its own discretion, as promptly as practicable and for a price that reflects the Seller’s financial participation in the cost as hereinafter provided, either: (i) design and furnish to the Buyer a ** correction for such Item subject to a Failure and provide any parts required for such correction (including Seller designed standard parts but excluding industry standard parts unless a part of an Itemparts), or (ii) replace such Item.

Appears in 3 contracts

Samples: Airbus A350 XWB Purchase Agreement (Us Airways Inc), Airbus A320 Family Aircraft Purchase Agreement (Us Airways Inc), Purchase Agreement (Us Airways Inc)

Periods and Seller’s Undertaking. Subject to the general conditions and limitations set forth in Subclause sub-Clause 12.2.4 below, the Seller agrees that if a Failure occurs in an Item within [before the Aircraft in which such Item is installed has completed ***] to the Buyer, * the Seller shallwill, at its own discretion, as promptly as practicable and for a price that reflects the Seller’s 's financial participation in the cost as hereinafter provided, either: (i) design and furnish to the Buyer a correction for such Item subject to a Failure and provide any parts required for such correction (including Seller designed standard parts but excluding industry standard parts unless a part of an Itemparts), or, (ii) replace such Item.

Appears in 2 contracts

Samples: Aircraft Purchase Agreement (Cit Group Inc), Aircraft Purchase Agreement (Cit Group Inc)

Periods and Seller’s Undertaking. Subject to the general conditions and limitations set forth in Subclause 12.2.4 below, the Seller agrees that if a Failure occurs in an Item within [***] to the Buyer, the Seller shall, at its own discretion, as promptly as practicable and for a price that reflects the Seller’s financial participation in the cost as hereinafter provided, either: (i) design and furnish to the Buyer a correction for such Item subject to a Failure and provide any parts required for such correction (including Seller designed standard parts but excluding industry standard parts unless a part of an Item), or (ii) replace such Item.

Appears in 1 contract

Samples: Letter Agreement (Delta Air Lines Inc /De/)

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Periods and Seller’s Undertaking. Subject to the general conditions and limitations set forth in Subclause 12.2.4 below, the Seller agrees that if a Failure occurs in an Item within [***] after the delivery of said Aircraft to the Buyer, the Seller shall, at its own discretion, as promptly as practicable and for a price that reflects the Seller’s financial participation in the cost as hereinafter provided, either: (i) 12.2.2.1 design and furnish to the Buyer a correction for such Item subject to a Failure and provide any parts required for such correction (including Seller designed standard parts but excluding industry standard parts unless a part of an Item), or, (ii) 12.2.2.2 replace such Item.

Appears in 1 contract

Samples: Purchase Agreement (Delta Air Lines Inc /De/)

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