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.
Appears in 3 contracts
Samples: Purchase Agreement (Avianca Holdings S.A.), Purchase Agreement (Avianca Holdings S.A.), Purchase Agreement (Avianca Holdings S.A.)
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.
Appears in 2 contracts
Samples: Purchase Agreement (Avianca Holdings S.A.), Purchase Agreement (Avianca Holdings S.A.)
