Pre-purchase Inspection. In addition to the Preliminary Inspection, Buyer (and its representative and nominees) may, at its cost, inspect the Aircraft and its Aircraft Documentation in accordance with the Appendix B (the "Pre-Purchase Inspection").
Pre-purchase Inspection. After the signing of this Agreement and the payment of the deposit into escrow, the Buyer shall have the right to perform a pre-purchase inspection of the Aircraft. Such inspection shall be at the Buyer's expense and may be performed by a individual(s) of Buyer's choice, so long as he/she/they hold current Airframe and Powerplant mechanic certificates issued by the Federal Aviation Administration. The inspection shall be performed at Airport. [ If the Buyer does not perform or have this inspection performed within ( ) days of the signing of this Agreement, then Buyer shall be deemed to have waived his/her/its right to such inspection]. [ Upon completion of this inspection, Buyer shall have ( ) days to notify Seller that he/she/they will not purchase the Aircraft. If Buyer elects not to purchase the Aircraft, the Buyer shall notify Seller in writing of this decision. Upon receipt of such notice, Seller shall return, or have returned, within ( ) days, to Buyer all payments made by Buyer, except for the deposit]. [ Upon completion of this inspection, Buyer shall present to the Seller any list of discrepancies compiled. The Seller shall have ( ) business days to review the list and to notify the Buyer of Seller's decision: (a) to pay to have the [discrepancies] [discrepancies affecting the airworthiness of the Aircraft] repaired at Seller's expense and to complete the sale; or (b) to decline to pay the costs of repairs and to terminate the Agreement. If Seller declines to pay the cost of repairs, Seller shall refund, or have refunded, the Buyer's deposit and shall reimburse the Buyer for the cost of the pre-purchase inspection].
Pre-purchase Inspection. Buyer shall be given the opportunity to inspect the new and used Spare Engines and its associated records prior to the respective Delivery Dates, at Buyer’s cost. For the purposes of the inspection related to the used Spare Engine GE shall provide or cause to provide the related Engine records including but not limited to the non-incident statements reasonably required for Buyer to assess the used Engines. Promptly after such inspection, Buyer shall notify GE in writing either that the new and used Spare Engines do or do not meet the requirements set forth in the GTA and Letter Agreement. Following such inspection and until delivery of the new or used Spare Engines to Buyer hereunder, GE will ensure that the new or used Spare Engines remains properly stored if it is not currently in service, and GE will not allow any parts to be removed from the new or used Spare Engines. NOTE: Certain Confidential Information in this document (indicated by [*]) has been omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment. GE PROPRIETARY INFORMATION (subject to restrictions on first page) If the new or used Spare Engines are lost, confiscated, damaged, destroyed or otherwise rendered unfit or unavailable for use prior to the Delivery Date, or if the new or used Spare Engines do not meet the requirements set forth in the GTA and Letter Agreement following the inspection, the Buyer will not be liable to purchase the applicable new or used Spare Engines and GE shall (i) propose an equivalent replacement engine for Buyer to purchase, (ii) promptly refund any progress payments made with respect to the new or used Spare Engines and the cancellation fees set forth in Attachment C shall not apply, or (iii) upon mutual agreement of the Parties to repair to bring new or used Spare Engines into compliance with the requirements set forth in the GTA and Letter Agreement. Immediately upon the delivery of each Spare Engine to Buyer on the respective Delivery Date, Buyer shall execute and deliver to GE a Certificate of Acceptance in the form attached hereto as Attachment H and GE shall provide Buyer with a Xxxx of Sale in the form attached hereto as Attachment I.
Pre-purchase Inspection. Within five (5) Business Days (defined as any week day which is not a U.S. bank holiday) of execution of this Agreement by the parties, Seller, at its sole cost and expense, shall make available the Aircraft (including all Aircraft Documents) at the Gulfstream Aerospace Corporation facility in Savannah, Georgia (the “Inspection Facility”) for a Gulfstream Technical Appraisal and examination of the Aircraft and the Aircraft Documents, and a video boroscope inspection of the engines and APU and any other reasonable inspections as appropriate to determine the conformity of the Aircraft to the conditions required hereunder (the “Pre-Purchase Inspection”). The Pre-Purchase Inspection shall include one or more test flights inspections of up to an aggregate of two (2) hours duration, provided however, that Buyer may extend the test flights of the Aircraft with Seller’s approval, which shall not be unreasonably withheld (the “Test Flights”). All Test Flights shall be flown by Seller’s designated or approved pilots. Seller shall have and retain “operational control” of the Aircraft as defined in the applicable Federal Aviation Regulations (“FAR”) (operational control as defined in 14 C.F.R. § 1.1, means, with respect to a flight, the exercise of authority over initiating, conducting or terminating a flight) and exclusive possession, command and control over the Aircraft. The pilot-in-command shall have final and complete authority to postpone or cancel any flight for any reason or condition which, in his or her judgment, will compromise the safety of the flight. The parties further acknowledge and agree that (i) only personnel essential to the safe and reasonable conduct of the test flights shall be on board the Aircraft, including three (3) technical representatives of Buyer (with one occupying the jump seat), and (ii) Buyer shall reimburse Seller for the cost of fuel consumed with respect to the Test Flights. Buyer shall make available forthwith to Seller a complete copy of the written report of the Pre-Purchase Inspection (the “Inspection Report”). Buyer shall be responsible for all the cost and expenses of the Pre-Purchase Inspection and with respect to the Test Flights solely for the cost of fuel consumed. In this respect, Buyer shall open a work order with the Inspection Facility for its account to pay all costs of the Pre-Purchase Inspection.
Pre-purchase Inspection. Purchaser shall have five (5) business days from the date hereof to complete, at its expense, a pre-purchase inspection and flight test of the Aircraft in order to determine whether there are any “Discrepancies” in the Aircraft, as defined in Section 4 below. The pre-purchase inspection shall take place at the Gulfstream Aerospace facility in Appleton, Wisconsin or another mutually agreed upon location. The test flight of the Aircraft shall be controlled by Seller with Seller’s pilot in command and shall occur during the course of the flight of the Aircraft to the pre-purchase inspection site. Purchaser may retain (at its cost and expense) a third party to perform the pre-purchase inspection on Purchaser’s behalf.
Pre-purchase Inspection. Buyer’s has caused Xxxxxxx Aviation in Augusta, Georgia (the “Inspection Facility”) to perform a pre-purchase inspection of the Aircraft (the “Pre-Purchase Inspection”) including the delivery to Buyer of the Pre-Purchase Inspection report (the “Inspection Report”). Seller has received a copy of the Inspection Report.
Pre-purchase Inspection. After the signing of this Agreement and the payment of the deposit into escrow, the Buyer shall have the right to perform a pre-purchase inspection of the Aircraft. Such inspection shall be at the Buyer's expense and may be performed by a individual(s) of Buyer's choice, so long as he/she/they hold current Airframe and Powerplant mechanic certificates issued by the Federal Aviation Administration. The inspection shall be performed at ______________ Airport. Alternate clauses for this section: [If the Buyer does not perform or have this inspection performed within ________ (_____) days of the signing of this Agreement, then Buyer shall be deemed to have waived his/her/its right to such inspection].
Pre-purchase Inspection. After the signing of this Agreement and the payment of the deposit, the Buyer shall have the right, and is encouraged, to perform a pre- purchase inspection of the Aircraft. Such inspection shall be at the Buyer's expense and may be performed by an individual(s) of Xxxxx's choice, so long as he/she/they hold current Airframe and Powerplant mechanic certificates issued by the US Federal Aviation Administration. The inspection shall be performed at Piper Memorial Airport (LHV). Upon completion of this inspection, Buyer shall present to the Seller any list of discrepancies compiled. The Seller shall have ten (10) business days to review the list and to notify the Buyer of Seller's decision: (a) to pay to have repaired only those discrepancies rendering the aircraft unairworthy, at Seller's expense, and to complete the sale; or (b) to decline to pay the costs of repairs and to terminate the Agreement. If Seller declines to pay the cost of repairs, Seller shall refund, or have refunded, the Buyer's deposit less any applicable bank transfer charges and currency exchange fees.
Pre-purchase Inspection. Buyer has the option to conduct a preliminary visual inspection of the Aircraft, to include logbooks and records review. Buyer will provide written notice to Seller within two (2) business days after the execution hereof indicating whether Buyer elects to proceed with the transaction and have a pre-purchase inspection (the "Inspection") conducted as outlined in Exhibit E, If Buyer elects not to have the Inspection performed, Buyer shall include with the written notice an executed copy of the Aircraft Technical Acceptance Certificate and the parties shall proceed to closing. If Buyer fails to provide written notice of its election to have the Inspection to Seller within the allotted timeframe, Seller may elect to terminate this Agreement any time after the expiration of such timeframe. If Seller elects to terminate this Agreement, the parties shall direct the Escrow Agent to reimburse Seller for the Movement Expenses and refund the remainder of the Deposit to Buyer, after which this Agreement shall terminate with the parties having no further obligation to each other.
Pre-purchase Inspection. Each Aircraft and Aircraft Documents shall be subjected to a Pre-Purchase inspection to confirm that each Aircraft, its Engines and APU conform the Delivery Conditions as set forth on the Inspection Workscope (collectively, the “Inspections”). Provided, however, that the scope of the Inspections may by modified during the performance of the Inspections upon the recommendation of the Inspection Facility, with the consent of the Parties, such consent not to be unreasonably withheld. Prior to the commencement of the Inspections, Purchaser shall open a work order at the Inspection Facility, and arrange for and pay the flat rate cost of the Inspections and Purchaser shall cause to be delivered to Seller evidence of such payment in full such that no lien may be asserted by the Inspection Facility against any Aircraft for the flat rate cost of the Inspection. Purchaser and Seller shall have the right to have a representative present at the Inspection Facility during the Inspection.
