Periods and Seller’s Undertakings. Subject to the general conditions and limitations set forth in Clause 12.2.4, the Seller agrees that if a Failure occurs in an Item before the Aircraft in which such Item was originally installed has completed thirty thousand (30,000) flying hours or twenty thousand (20,000) flight cycles or within twelve (12) years after the Delivery of said Aircraft, whichever will first occur, the Seller will, at its discretion and as promptly as practicable and with the Seller’s financial participation as hereinafter provided, either:
Appears in 3 contracts
Samples: Purchase Agreement (Frontier Group Holdings, Inc.), Purchase Agreement (Frontier Group Holdings, Inc.), Purchase Agreement (Frontier Group Holdings, Inc.)
Periods and Seller’s Undertakings. Subject to the general conditions and limitations set forth in Clause 12.2.4, the The Seller agrees that if a Failure occurs in an Item before the Aircraft in which such Item was has been originally installed has completed thirty thousand (30,000) flying hours hours, or has completed twenty thousand (20,000) flight cycles cycles, or within twelve (12) years after the Delivery of said AircraftAircraft to the Buyer, whichever will shall first occur, the Seller will, shall at its own discretion and as promptly as practicable and with the Seller’s 's financial participation as hereinafter provided, provided either:
Appears in 2 contracts
Samples: A330 Purchase Agreement (China Eastern Airlines Corp LTD), Letter Agreement (China Eastern Airlines Corp LTD)
Periods and Seller’s Undertakings. Subject to the general conditions and limitations set forth in Clause 12.2.4, the The Seller agrees that if a Failure occurs in an Item before the Aircraft in which such Item was has been originally installed has completed thirty thousand (30,000) flying hours hours, or has completed twenty four thousand (20,00024,000) flight cycles cycles, or within twelve (12) years after the Delivery of said AircraftAircraft to the Buyer, whichever will shall first occur, the Seller will, shall at its own discretion and as promptly as practicable and with the Seller’s 's financial participation as hereinafter provided, provided either:
Appears in 2 contracts
Samples: China Eastern Airlines Corp LTD, China Eastern Airlines Corp LTD
Periods and Seller’s Undertakings. Subject to the general conditions and limitations set forth in Clause 12.2.4, the The Seller agrees that if a Failure occurs in an Item before the Aircraft in which such Item was originally installed has completed thirty six thousand (30,00036,000) flying hours or twenty twelve thousand (20,00012,000) flight cycles or within twelve (12) years after the Delivery of said Aircraft, whichever will shall first occur, the Seller willshall, at its discretion and as promptly as practicable and with the Seller’s financial participation as hereinafter provided, either:
Appears in 1 contract
Samples: Assignment and Assumption Agreement (Frontier Group Holdings, Inc.)