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 twelve (12) years after the delivery of said Aircraft to the Buyer, the Seller will, at its own discretion, as promptly as practicable and for a price that reflects the Seller's financial participation as hereinafter provided, either: 12.2.2.1 design and furnish to the Buyer a terminating 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), or, 12.2.2.2 replace such Item.

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 twelve (12) *** years after the delivery of said Aircraft to the Buyer, the Seller will, 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: 12.2.2.1 design and furnish to the Buyer a terminating 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 partsparts unless a part of an Item), or, 12.2.2.2 replace such Item.

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 twelve fifteen (1215) years after the delivery Delivery of said the Aircraft to the Buyerin which such Item is installed, the Seller will, at its own discretion, as promptly as practicable and for a price that reflects the Seller's ’s financial participation as hereinafter provided, either: 12.2.2.1 (i) design and furnish to the Buyer a terminating 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), or, 12.2.2.2 (ii) replace such Item.

Periods and Seller’s Undertaking. Subject to the general conditions and limitations set forth in Subclause Clause 12.2.4 below, the Seller agrees that if a Failure occurs in an Item within twelve one hundred forty-four (12144) years months after the delivery Delivery of said Aircraft to the Buyersuch Aircraft, the Seller will, at its own discretion, as promptly as practicable and for a price that reflects the Seller's ’s financial participation as hereinafter provided, either: 12.2.2.1 (i) design and furnish to the Buyer a terminating [***] 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, 12.2.2.2 (ii) replace such Item.