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

Periods and Seller’s Undertakings. The Seller agrees that if a Failure occurs in an Item prior to the [*] anniversary of the Delivery Date of the Aircraft on which such Item was originally installed, the Seller shall, at its discretion and as promptly as practicable and with the Seller’s financial participation as hereinafter provided, either : • design and furnish to the Buyer a correction for such Item having the Failure and provide any parts required for such correction (including Seller designed standard parts but excluding industry standard parts that are not integrated into the Item), or • replace such Item.

Periods and Seller’s Undertakings. The Seller agrees that if a Failure occurs in an Item prior to the [*] anniversary of the Delivery Date of the Aircraft on which such Item was originally installed, the Seller shall, at its discretion and as promptly as practicable and with the Seller’s financial participation as hereinafter provided, either either: • design and furnish to the Buyer a correction for such Item having the Failure and provide any parts required for such correction (including Seller designed standard parts but excluding industry standard parts that are not integrated into the Item), or • replace such Item.

Periods and Seller’s Undertakings. The Seller agrees that if a Failure occurs in an Item prior to the [***] anniversary of after the Delivery Date of the Aircraft on in which such Item was originally installed, the Seller shall, at its discretion and as promptly as practicable and with the Seller’s financial participation as hereinafter provided, either either: • design and furnish to the Buyer a correction for such Item having the with a Failure and provide any parts required for such correction (including Seller designed standard parts but excluding industry standard parts that are not integrated into the Itemparts), or • replace such Item.