Predelivery Payment Reference Price Sample Clauses
The Predelivery Payment Reference Price clause defines the specific price or pricing formula used to calculate payments that must be made before the delivery of goods or services. In practice, this clause sets out how the reference price is determined, such as by referencing a market index, a fixed amount, or a formula agreed upon by the parties, and it applies to advance payments required prior to the transfer of ownership or completion of delivery. Its core function is to provide a clear and objective basis for calculating predelivery payments, thereby reducing disputes and ensuring both parties understand their financial obligations before delivery occurs.
Predelivery Payment Reference Price as defined in Clause 5.3.2. Propulsion System – either or both, as the context requires, of the A319 Propulsion System and the A320 Propulsion System.
Predelivery Payment Reference Price as defined in Clause 5.3.2. Propulsion System – any A319 Propulsion System, A320 Propulsion System, A321 Propulsion System, A319 NEO Propulsion System, A320 NEO Propulsion System or A321 NEO Propulsion System, as applicable. Propulsion System Manufacturer – CFM, IAE and P&W, as applicable. Propulsion System Price Revision Formula – for any Propulsion System, the applicable price revision formula as set forth in Exhibit C-3, C-4 or C-5.
Predelivery Payment Reference Price as defined in Subclause 5.2.2. Prime Rate – the rate of interest per annum publicly announced from time to time by the Wall Street Journal, as the consensus prime rate and calculated for any period using the weighted average of the Prime Rate over the period in which interests are due. Propulsion System – [***]. Propulsion System Manufacturer – either CFM or IAE LLC, as applicable. Propulsion System Price Revision Formula – for any Propulsion System, the applicable price revision formula as set forth in Exhibit C-2 or C-3. Propulsion System Reference Price – [***].
Predelivery Payment Reference Price as defined in Clause 5.3.2. Propulsion Systems – either or both of the CFM Propulsion Systems and/or the PW Propulsion Systems, as applicable, provided that once the Buyer has selected either the CFM Propulsion Systems or the PW Propulsion Systems for installation on the Airframe in accordance with the terms hereof, then the term Propulsion Systems shall be deemed to refer to the Propulsion Systems selected by the Buyer. Propulsion System Manufacturer – either or both of CFM International, Inc. ("CFM") and/or ▇▇▇▇▇ and ▇▇▇▇▇▇▇ ("PW"), as applicable, provided that once the Buyer has 20130318_CT1242023_PA_A321neo_HAL Page 10 of 109 *** Confidential Treatment Requested selected either the CFM Propulsion Systems or the PW Propulsion Systems for installation on the Airframe in accordance with the terms hereof, then the term Propulsion System Manufacturer shall be deemed to refer to the manufacturer of the Propulsion Systems selected by the Buyer. Propulsion System Price Revision Formula – either or both of the CFM Price Revision Formula and/or the PW Price Revision Formula, as applicable, provided that once the Buyer has selected either the CFM Propulsion Systems or the PW Propulsion Systems for installation on the Airframe in accordance with the terms hereof, then the term Propulsion System Price Revision Formula shall be deemed to refer to the Propulsion System Price Revision Formula for the Propulsion Systems selected by the Buyer. Protocol – the Protocol to the Convention on International Interests in Mobile Equipment on Matters Specific to Aircraft Equipment signed in Cape Town, South Africa on November 16, 2001, as ratified by the United States. PW Price Revision Formula – the propulsion systems price revision formula set forth in Part 2 of Exhibit G2. PW Propulsion Systems – as defined in Clause 2.3. Quarter – the First Quarter, Second Quarter, Third Quarter or Fourth Quarter, as applicable. […***…] Reference Price – as set forth in Clause 3.1.2. Regulations and Procedures for the International Registry – the Regulations and Procedures for the International Registry issued, from time to time, pursuant to Article 17(2)(d) of the Convention and Article XVIII of the Protocol. Reuters Screen LIBOR Page – the display designated as page “LIBO” on the Reuters Monitor Money Rates Service (or any successor to such page or service). Revision Service Period – as defined in Clause 14.5. Scheduled Delivery Month or SDM – as defined in Clause 9.1.1. Scheduled Delivery...
Predelivery Payment Reference Price as defined in Clause 5.2.2 of this Agreement. Spirit Airlines - A320 FAMILY – PA 6 Propulsion Systems – either or all of the A319 Propulsion Systems, the A320 Propulsion Systems or the A321 Propulsion Systems. Propulsion Systems Price Revision Formula – the Propulsion Systems price revision formula set forth in Exhibit H hereto. Ready for Delivery – when (i) the Technical Acceptance Process has been successfully completed for an Aircraft and (ii) the Export Certificate of Airworthiness has been issued for such Aircraft. Reference Price – as set forth in Clause 3.1.1.3 of the Agreement. Rolling Option Aircraft – any or all of the up to ***** A320 Family Aircraft that may be placed on option order pursuant to this Agreement and which may be sold by the Seller and purchased by the Buyer pursuant to this Agreement, together with all components, equipment, parts and accessories installed in or on such aircraft and the Propulsion Systems installed thereon upon delivery.
Predelivery Payment Reference Price. In respect of the 2011 Incremental Aircraft, Clause 5.3.1 of the Agreement shall be deleted in its entirety and replaced by the following:
Predelivery Payment Reference Price. In respect of the NEO Aircraft, Clause 5.3.1 of the Agreement shall be deleted in its entirety and replaced by the following:
5.3.1 The Buyer shall pay Predelivery Payments to the Seller calculated on the predelivery payment reference price of each NEO Aircraft. The predelivery payment reference price is determined by the following formula: ***** ***** ***** A320FAM PA – VOI – AMDT 9 LA09 – Ref. D11032737 - December 2011
Predelivery Payment Reference Price as defined in Clause 5.2.2 of this Agreement. Propulsion Systems — any or all of the A319 Propulsion Systems, A320 Propulsion Systems or A321 Propulsion Systems. Propulsion Systems Price Revision Formula — the Propulsion Systems price revision formula set forth in Exhibit H hereto. Ready for Delivery — when (i) the Technical Acceptance Process has been successfully completed for an Aircraft and (ii) the Export Certificate of Airworthiness has been issued for such Aircraft.
Predelivery Payment Reference Price as defined in sub-Clause 6.2.3 of this Agreement.
Predelivery Payment Reference Price. Notwithstanding Paragraph
1.1 herein and without prejudice to any other provisions of the Agreement, the Predelivery Payment Reference Price for the relevant Rescheduled Aircraft shall be [***]. FFT – A318/A319 – AIRBUS AM 11