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Common use of Program Term Clause in Contracts

Program Term. The Program shall begin on the first day of the first calendar month that begins [*] first Covered Aircraft is delivered by Boeing to Customer, continue for [*] consecutive years thereafter (Program Term) and consist of [*] periods beginning on the date the Program Term commences (Reporting Period(s)).

Appears in 4 contracts

Samples: Purchase Agreement (Avianca Holdings S.A.), Purchase Agreement (Avianca Holdings S.A.), Purchase Agreement (Avianca Holdings S.A.)

Program Term. The Program shall begin on the first day of the first calendar month that begins [*] in which the first Covered Aircraft is delivered by Boeing to Customer, continue for [*[ * ] consecutive years thereafter (Program Term) and consist of [*[ * ] periods beginning on the date the Program Term commences and thereafter on the yearly anniversary thereof (Reporting Period(sREPORTING PERIOD(S)).

Appears in 1 contract

Samples: Purchase Agreement (Atlas Air Worldwide Holdings Inc)