Common use of Service Life Policy Clause in Contracts

Service Life Policy. If a Failure occurs in any Covered Component within the following periods, Boeing will promptly, at a price calculated pursuant to this Policy, either (i) design and furnish to Buyer materials required to correct the Failed Component (excluding industry standard parts) or (ii) furnish to Buyer a replacement Covered Component:

Appears in 3 contracts

Samples: Letter Agreement (Continental Airlines Inc /De/), Letter Agreement (Alaska Airlines Inc), Letter Agreement (Alaska Air Group Inc)

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Service Life Policy. If a Failure occurs in any Covered Component within the following periods, Boeing will promptly, at a price calculated pursuant to this Policy, either (i) design and furnish to Buyer materials required to correct the Failed Component (including Boeing designed P.A. No. 1947 K/WPA Western Pacific Airlines, Inc. 6-1162-JDR-400 Page 7 standard parts but excluding other industry standard parts) or (ii) furnish to Buyer a replacement Covered Component:

Appears in 1 contract

Samples: Letter Agreement (Western Pacific Airlines Inc /De/)

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