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

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: (i) design and furnish to the Buyer a correction for such Item with a Failure and provide any parts required for such correction (including Seller designed standard parts but excluding industry standard parts), or (ii) replace such Item.

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: (i) 12.2.2.1 design and furnish to the Buyer a correction for such Item with a Failure and provide any parts required for such correction (including Seller designed standard parts but excluding industry standard parts), or, (ii) 12.2.2.2 replace such Item.. Clause 12 - 8/14 12.2.3 ***

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: (i) 12.2.2.1 design and furnish to the Buyer a correction for such Item with a Failure and provide any parts required for such correction (including Seller designed standard parts but excluding industry standard parts), or, (ii) 12.2.2.2 replace such Item.

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: (i) design and furnish to the Buyer a correction for such Item with a Failure and provide any parts required for such correction (including Seller designed standard parts but excluding industry standard parts), or (ii) replace such Item.