PREDELIVERY PAYMENTS Sample Clauses
The Predelivery Payments clause outlines the buyer's obligation to make payments to the seller before the delivery of goods or completion of services. Typically, this clause specifies the timing, amounts, and conditions under which these advance payments must be made, such as upon signing the contract or reaching certain project milestones. By establishing clear terms for upfront payments, the clause ensures the seller receives necessary funds to commence or continue work, thereby reducing financial risk and facilitating smooth project progress.
PREDELIVERY PAYMENTS. 5.3.1 With respect to each Aircraft, the Buyer shall pay Predelivery Payments to the Seller calculated on the Predelivery Payment Reference Price of the relevant Aircraft. The Predelivery Payment Reference Price is determined by the following formula:
A = Pb (1 + [***]) Where
A : The Predelivery Payment Reference Price for Aircraft to be delivered in year T; T : the year of Delivery of the relevant Aircraft [***] Confidential treatment requested by AerCap Holdings N.V. Pb : the Basic Price; N : (T- 2005)
5.3.2 Such Predelivery Payments shall be made in accordance with the following schedule: DUE DATE OF PAYMENTS PERCENTAGE OF PREDELIVERY PAYMENT REFERENCE PRICE Upon signature of this Agreement US $ [***] (less the Deposit) On the first day of each of the following months prior to the Scheduled Delivery Month [***] [***] Total Payment prior to Delivery
5.3.3 Any Predelivery Payment received by the Seller shall constitute an instalment in respect of the Final Price of the relevant Aircraft. The Seller shall be entitled to hold and use any Predelivery Payment as absolute owner thereof, subject only to (i) the obligation to deduct any such Predelivery Payment from the Final Price when calculating the Balance of Final Price or (ii) the obligation to repay to the Buyer an amount equal to the Predelivery Payments pursuant to any other provision of this Agreement.
5.3.4 If any Predelivery Payment is not received on the relevant due date specified in Clause 5.3.2 then, and in addition to any other rights and remedies available to Seller, the Seller shall have the right to set back the Scheduled Delivery Month for the relevant Aircraft, by a period of one (1) month for each thirty (30) days such payment is delayed. Furthermore, if such delay is greater than sixty (60) days, the Seller shall have no obligation to deliver the relevant Aircraft within the Scheduled Delivery Month for such Aircraft, as modified pursuant to the preceding paragraph. Upon receipt of the full amount of all delayed Predelivery Payments, together with Default Interest pursuant to Clause 5.7, the Seller shall inform the Buyer of a new Scheduled Delivery Month for such Aircraft consistent with the Seller's other commitments and production capabilities.
PREDELIVERY PAYMENTS. Any and all Predelivery Payments that the Buyer has paid to the Seller and which would no longer be due as a result of the amendments described herein will be [***].
PREDELIVERY PAYMENTS. 5.2.1 Predelivery Payments are non-refundable (although amounts equal to Predelivery Payments may be paid to the Buyer pursuant to Subclause 11.3) and shall be paid by the Buyer to the Seller for the Aircraft.
5.2.2 The Predelivery Payment Reference Price for an Aircraft to be delivered in calendar year T is determined in accordance with the following formula: [***]
5.2.3 Predelivery Payments shall be paid according to the following schedule. CT1404840_PA_A330-900neo_A350-900_EXECUTION.Docx PRIVILEGED AND CONFIDENTIAL 22 Payment Date Percentage of Predelivery Payment Reference Price [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] ______________________________________________________ TOTAL PAYMENT PRIOR TO DELIVERY [***] In the event of the above schedule resulting in any Predelivery Payment falling due prior to the date of signature of the Agreement, such Predelivery Payments shall be made upon signature of the Agreement.
5.2.4 The Seller shall be entitled to hold and use any Predelivery Payment as absolute owner thereof, subject only to the obligation to deduct an amount equal to Predelivery Payments from the Final Contract Price of the Aircraft, when calculating the balance of the Final Contract Price of such Aircraft. The Seller shall be under no obligation to segregate any Predelivery Payment, or any amount equal thereto, from the Seller’s funds generally.
PREDELIVERY PAYMENTS. 5.3.1 Predelivery Payments are nonrefundable (although amounts equal to Predelivery Payments may be paid to the Buyer pursuant to Clause 10 or 11) and will be paid by the Buyer to the Seller for the Aircraft.
PREDELIVERY PAYMENTS. 5.3.1 The Buyer shall pay Predelivery Payments to the Seller calculated on the predelivery payment reference price of each Aircraft, The predelivery payment reference price is determined by the following formula: ***
5.3.5 Clause 5 - Page 2/5
PREDELIVERY PAYMENTS. 5.3.1 This information is subject to confidential treatment and has been omitted and filed separately with the Commission. A319/A320 – CSN – 01/04 CC-C 3370036/02
5.3.4 This information is subject to confidential treatment and has been omitted and filed separately with the Commission. A319/A320 – CSN – 01/04 CC-C 3370036/02
PREDELIVERY PAYMENTS. Predelivery Payments for each Additional Option Aircraft will be paid according to the following schedule: Except as set forth herein, Clause 5.3 of the Agreement will apply to [CONFIDENTIAL PORTION HAS BEEN OMITTED BECAUSE IT (I) IS NOT MATERIAL AND (II) WOULD BE COMPETITIVELY HARMFUL IF PUBLICLY DISCLOSED]
PREDELIVERY PAYMENTS. The Buyer will make all Predelivery Payments with respect to the Amendment No. 16 Converted Aircraft pursuant to clause 5 of the Agreement, as amended by Letter Agreement No. 2 to the Agreement and Amendment No.
PREDELIVERY PAYMENTS. Predelivery Payments for each Option Aircraft will be paid according to the following schedule: CT1001520_LA4_AAL_A320Family_EXECUTION LA4 - 3 of 20 Payment Number Payment Date [*CTR*] Amount per Option Aircraft [*CTR*] [*CTR*] [*CTR*] [*CTR*] [*CTR*] [*CTR*] [*CTR*] [*CTR*] [*CTR*] [*CTR*] [*CTR*] [*CTR*] [*CTR*] [*CTR*] [*CTR*] [*CTR*] [*CTR*] [*CTR*] [*CTR*] TOTAL PAYMENT PRIOR TO DELIVERY [*CTR*] Except as set forth herein, Clause 5.3 of the Agreement will apply to [*CTR*].
PREDELIVERY PAYMENTS. The Buyer will make all Predelivery Payments with respect to the Amendment No. 8 Converted Aircraft pursuant to clause 5 of the Agreement, as amended by Letter Agreement No. 2 to the Agreement. Any Predelivery Payments with respect to the Amendment No. 8 Converted Aircraft falling due prior to the date hereof by virtue of the changes set out in this Clause 2, should there be any, but not paid by the Buyer prior to the date hereof, shall be paid within five (5) Business Days of the date of this Amendment No. 8. CT0903391 ***** Confidential portions of the material have been omitted and filed separately with the Securities and Exchange Commission.