Propulsion System Reference Price Clause Samples
The Propulsion System Reference Price clause establishes a baseline price for the propulsion system component within a contract. This reference price serves as a standard against which future price adjustments, negotiations, or cost escalations are measured, and it may be used to determine payment amounts or trigger price reviews if market conditions change. By defining a clear reference point, the clause helps both parties manage cost expectations and provides a mechanism for addressing price fluctuations, thereby reducing the risk of disputes over propulsion system pricing.
Propulsion System Reference Price the Engine A Reference Price, the Engine B Reference Price, the Engine C Reference Price, the Engine D Reference Price, the Engine E Reference Price, the Engine F Reference Price, the Engine G Reference Price, the Engine H Reference Price, the Engine I Reference Price, the Engine J Reference Price, the Engine K Reference Price, or the Engine L Reference Price, as applicable. Purchase Aircraft – any or all of the one hundred thirty (130) firm A320 Family NEO Aircraft for which the delivery schedule is set forth in Schedule I as of the date of this Agreement to be sold by the Seller and purchased by the Buyer pursuant to this Agreement. Quarter – the First Quarter, Second Quarter, Third Quarter or Fourth Quarter. Ready for Delivery – with respect to any Aircraft, when (i) the Technical Acceptance Process has been successfully completed for such Aircraft and (ii) such Aircraft is eligible to receive an Export Certificate of Airworthiness. Receiving Party – as defined in Clause 5.5.4. Reference Banks – Citibank, ▇▇ ▇▇▇▇▇▇ Chase Bank, Deutsche Bank, and such other or additional banking institutions as may be designated from time to time by mutual agreement of the Seller and the Buyer. Scheduled Delivery Month – as defined in Clause 9.1.
Propulsion System Reference Price. The Reference Price for a set of two (2) International Aero Engines V2524-A5 series Propulsion System is as quoted in Clause 3.1.2.4 of the Agreement. This Reference Price applies to the Propulsion System type as specified in Clause 2.3.1 of the Agreement. The Reference Price for a set of two (2) International Aero Engines V2527-A5 series Propulsion System is as quoted in Clause 3.1.2.5 of the Agreement. This Reference Price applies to the Propulsion System type as specified in Clause 2.3.2 of the Agreement. The Reference Price for a set of two (2) International Aero Engines V2533-A5 series Propulsion System is as quoted in Clause 3.1.2.6 of the Agreement. This Reference Price applies to the Propulsion System type as specified in Clause 2.3.3 of the Agreement. These Reference Prices are subject to adjustment for changes in economic conditions as measured by data obtained from the US Department of Labor, Bureau of Labor Statistics, and in accordance with the provisions hereof.
Propulsion System Reference Price the Engine A Reference Price, the Engine B Reference Price, the Engine C Reference Price, the Engine D Reference Price, the Engine E Reference Price, the Engine F Reference Price, the Engine G Reference Price, the Engine H Reference Price, the Engine I Reference Price, the Engine J Reference Price, the Engine K Reference Price, the Engine L Reference Price the Engine M Reference Price, the Engine N Reference Price, the Engine O Reference Price or the Engine P Reference Price, as applicable.
Propulsion System Reference Price. In Exhibit B and Exhibit C of Appendix 3 to Amendment No. 9 and in Exhibit E and Exhibit F of Appendix 3 to Amendment No. 5 the words “Reference Price” are deleted and replaced with the words “Propulsion System Reference Price” in each and every instance.