Common use of Propulsion System Price Revision Clause in Contracts

Propulsion System Price Revision. 4.2.1 The Propulsion System Reference Price and SCNs relating to the Propulsion System are subject to revision up to and including the Delivery Date in accordance with the Propulsion System Price Revision Formula. 4.2.2 The Reference Price of the Propulsion System, the prices of the related equipment and the Propulsion System Price Revision Formula are based on information received from the Propulsions Systems Manufacturer and are subject to amendment by the Propulsion System Manufacturer at any time prior to Delivery. If the Propulsion System Manufacturer makes any such amendment, the amendment will be deemed to be incorporated into this Agreement and the Reference Price of the Propulsion System, the prices of the related equipment and the Propulsion System Price Revision Formula will be adjusted accordingly. The Seller agrees to notify the Buyer promptly upon receiving notice of any such amendment from the Propulsion System Manufacturer.

Appears in 5 contracts

Samples: Purchase Agreement (Frontier Group Holdings, Inc.), Purchase Agreement (Frontier Group Holdings, Inc.), Purchase Agreement (Frontier Group Holdings, Inc.)

AutoNDA by SimpleDocs

Propulsion System Price Revision. 4.2.1 The Propulsion System Reference Price and SCNs relating applicable to the any Propulsion System are is subject to revision up to and including the applicable Delivery Date in accordance with the applicable Propulsion System Price Revision Formula. 4.2.2 The Propulsion System Reference Price of the for each Propulsion System, the prices of the related equipment and the Propulsion System Price Revision Formula are based on information received from the Propulsions Systems applicable Propulsion System Manufacturer and are subject to amendment by the such Propulsion System Manufacturer at any time prior to Delivery. If the any Propulsion System Manufacturer makes any such amendment, the amendment will be deemed to be incorporated into this Agreement and the Propulsion System Reference Price of the Propulsion SystemPrice, the prices of the related equipment and the Propulsion System Price Revision Formula will be adjusted accordingly. The Seller agrees to notify the Buyer promptly upon receiving as soon as the Seller receives notice of any such amendment from the any Propulsion System Manufacturer.

Appears in 2 contracts

Samples: Purchase Agreement (American Airlines, Inc.), Purchase Agreement (American Airlines Inc)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!