Common use of Renegotiation Clause in Contracts

Renegotiation. If, as a result of an Inexcusable Delay, the Delivery does not occur within ***** of the Delivery Period the Buyer will have the right, exercisable by written notice to the Seller given between *****, to require from the Seller a renegotiation of the Scheduled Delivery Month for the affected Aircraft. Unless otherwise agreed between the Seller and the Buyer during such renegotiation, the said renegotiation will not prejudice the Buyer’s right to receive liquidated damages in accordance with Clause 11.1.

Appears in 3 contracts

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

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Renegotiation. If, as a result of an Inexcusable Delay, the Delivery does not occur within […***** …] after the last day of the Scheduled Delivery Period Month the Buyer will have the right, exercisable by written notice to the Seller given between […*****…], to require from the Seller a renegotiation of the Scheduled Delivery Month for the affected Aircraft. Unless otherwise agreed between the Seller and the Buyer during such renegotiation, the said renegotiation will not prejudice the Buyer’s right to receive liquidated damages in accordance with Clause 11.1.

Appears in 2 contracts

Samples: Letter Agreement (Hawaiian Holdings Inc), Letter Agreement (Hawaiian Holdings Inc)

Renegotiation. If, as a result of an Inexcusable Delay, the Delivery does not occur within ***** of the Delivery Period the Buyer will have the right, exercisable by written notice to the Seller given between *****, * to require from the Seller a renegotiation of the Scheduled Delivery Month for the affected Aircraft. Unless otherwise agreed between the Seller and the Buyer during such renegotiation, the said renegotiation will not prejudice the Buyer’s right to receive liquidated damages in accordance with Clause 11.1.

Appears in 2 contracts

Samples: A321 Aircraft Purchase Agreement (Frontier Group Holdings, Inc.), A321 Aircraft Purchase Agreement (Frontier Group Holdings, Inc.)

Renegotiation. If, as a result of an Inexcusable Delay, the Delivery does not occur within ***** after the last day of the Scheduled Delivery Period Month, the Buyer will have the right, exercisable by written notice to the Seller given between ***** after such *****, to require from the Seller a renegotiation of the Scheduled Delivery Month for the affected Aircraft. Unless otherwise agreed between the Seller and the Buyer during such renegotiation, the said renegotiation will not prejudice the Buyer’s right to receive liquidated damages in accordance with Clause 11.111.

Appears in 2 contracts

Samples: Family Purchase Agreement (Spirit Airlines, Inc.), Letter Agreement (Spirit Airlines, Inc.)

Renegotiation. If, as a result of an Inexcusable Delay, the Delivery does not occur within ***** after the last day of the Scheduled Delivery Period Month, the Buyer will have the right, exercisable by written notice to the Seller given between ***** after such *, **** to require from form the Seller a renegotiation of the Scheduled Delivery Month for the affected Aircraft. Unless otherwise agreed between the Seller and the Buyer during such renegotiation, the said renegotiation will not prejudice the Buyer’s right to receive liquidated damages in accordance with Clause 11.1.

Appears in 2 contracts

Samples: Family Purchase Agreement (Spirit Airlines, Inc.), Letter Agreement (Spirit Airlines, Inc.)

Renegotiation. If, as a result of an Inexcusable Delay, the Delivery does not occur within […***** …] after the last day of the Scheduled Delivery Period Month the Buyer will shall have the right, exercisable by written notice to the Seller given between […*****, …] to require from the Seller a good faith renegotiation of the Scheduled Delivery Month for the affected Aircraft. Unless otherwise agreed between the Seller and the Buyer during such renegotiation, the said renegotiation will shall not prejudice the Buyer’s right to receive liquidated damages in accordance with Clause 11.1.

Appears in 2 contracts

Samples: Letter Agreement (Hawaiian Holdings Inc), Letter Agreement (Hawaiian Holdings Inc)

Renegotiation. If, as a result of an Inexcusable Delay, the Delivery does not occur within ***** after the last day of the Scheduled Delivery Period Month the Buyer will have the right, exercisable by written notice to the Seller given between *****, * to require from the Seller a renegotiation of the Scheduled Delivery Month for the affected Aircraft. Unless otherwise agreed between the Seller and the Buyer during such renegotiation, the said renegotiation will not prejudice the Buyer’s right to receive liquidated damages in accordance with Clause 11.1.

Appears in 1 contract

Samples: Letter Agreement (Us Airways Inc)

Renegotiation. If, as a result of an Inexcusable Delay, the Delivery does not occur within [...***** ...] after the last day of the Scheduled Delivery Period Month, the Buyer Buyers will have the right, exercisable by written notice given by each of them to the Seller given between [...*****, ...] to require from the Seller a renegotiation of the Scheduled Delivery Month for the affected Aircraft. Unless otherwise agreed between the Seller and the Buyer Buyers during such renegotiation, the said renegotiation will not prejudice the Buyer’s Buyers' right to receive liquidated damages in accordance with Clause 11.1.

Appears in 1 contract

Samples: A350 Purchase Agreement (Us Airways Group Inc)

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Renegotiation. If, as a result of an Inexcusable Delay, the Delivery does not occur within ***** after the last day of the Delivery Period the Buyer will have the right, exercisable by written notice to the Seller given between *****, * to require from the Seller a renegotiation of the Scheduled Delivery Month for the affected Aircraft. Unless otherwise agreed between the Seller and the Buyer during such renegotiation, the said renegotiation will not prejudice the Buyer’s right to receive liquidated damages ***** in accordance with Clause 11.1.

Appears in 1 contract

Samples: Letter Agreement (Virgin America Inc.)

Renegotiation. If, as a result of an Inexcusable Delay, the Delivery does not occur within ***** after the last day of the Scheduled Delivery Period Month the Buyer will have the right, exercisable by written notice to the Seller given between *****, to require from the Seller a renegotiation of the Scheduled Delivery Month for the affected Aircraft. Unless otherwise agreed between the Seller and the Buyer during such renegotiation, the said renegotiation will not prejudice the Buyer’s right to receive liquidated damages in accordance with Clause 11.1.

Appears in 1 contract

Samples: Letter Agreement (Us Airways Inc)

Renegotiation. If, as a result of an Inexcusable Delay, the Delivery does not occur within ***** of the Delivery Period the Buyer will have the right, exercisable by written notice to the Seller given between *****, to require from the Seller a renegotiation of the Scheduled Delivery Month for the affected Aircraft. Unless otherwise agreed between the Seller and the Buyer during such renegotiation, the said renegotiation will not prejudice the Buyer’s right to receive liquidated damages in accordance with Clause 11.1.

Appears in 1 contract

Samples: Letter Agreement (United Airlines, Inc.)

Renegotiation. If, as a result of an Inexcusable Delay, the Delivery does not occur within [...***** of the Delivery Period ...] the Buyer will shall have the right, exercisable by written notice to the Seller given between [...*****, ...] to require from the Seller a good faith renegotiation of the Scheduled Delivery Month for the affected Aircraft. Unless otherwise agreed between the Seller and the Buyer during such renegotiation, the said renegotiation will not prejudice the Buyer’s right to receive liquidated damages in accordance with Clause 11.1.*** Confidential Treatment Requested

Appears in 1 contract

Samples: Letter Agreement (Hawaiian Holdings Inc)

Renegotiation. If, as a result of an Inexcusable a Non-Excusable Delay, the Delivery does not occur within [***** of the Delivery Period ] the Buyer will shall have the right, exercisable by written notice to the Seller given between [*****], to require from the Seller a renegotiation of the Scheduled Delivery Month for the affected Aircraft. Unless otherwise agreed between the Seller and the Buyer during such renegotiation, the said renegotiation will shall not prejudice the Buyer’s right to receive liquidated damages [***] in accordance with Clause 11.1.

Appears in 1 contract

Samples: Letter Agreement (Avianca Holdings S.A.)

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