Common use of SLP Commitment Clause in Contracts

SLP Commitment. If a failure is discovered in a SLP Component/Item within the time periods specified in Article 2.2 below, Boeing will provide Customer a replacement SLP Component/Item at the price calculated pursuant to Article 3.1, below. If requested by Customer as an alternative remedy, Boeing will reimburse Customer in accordance with the provisions of Exhibit C, Part 2, Article 7.3, for Direct Labor and Direct Material for repair of a failed SLP Component/Item an amount not to exceed the difference between Boeing’s then current spare parts price for such SLP Component/Item and the price determined pursuant to Article 3, below.

Appears in 5 contracts

Samples: Purchase Agreement (Fedex Corp), Purchase Agreement (Fedex Corp), Purchase Agreement

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SLP Commitment. If a failure is discovered in a SLP Component/Item Component within the time periods specified in Article 2.2 below, Boeing will provide Customer a replacement SLP Component/Item Component at the price calculated pursuant to Article 3.1, below. If requested by Customer as an alternative remedy, Boeing will reimburse Customer in accordance with the provisions of Exhibit C, Part 2, Article 7.3, for Direct Labor and Direct Material for repair of a failed SLP Component/Item Component an amount not to exceed the difference between Boeing’s then current spare parts price for such SLP Component/Item Component and the price determined pursuant to Article 3, below.

Appears in 3 contracts

Samples: Aircraft General Terms Agreement (Alaska Air Group, Inc.), Purchase Agreement (Southwest Airlines Co), Purchase Agreement (Southwest Airlines Co)

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SLP Commitment. If a failure is discovered in a SLP Component/Item Component within the time periods specified in Article 2.2 below, Boeing will provide Customer a replacement SLP Component/Item Component at the price calculated pursuant to Article 3.1, below. If requested by Customer as an alternative remedy, Boeing will reimburse Customer in accordance with the provisions of Exhibit C, Part 2, Article 7.3, for Direct Labor and Direct Material for repair of a failed SLP Component/Item Component an amount not to exceed the difference between Boeing’s 's then current spare parts price for such SLP Component/Item Component and the price determined pursuant to Article 3, below.

Appears in 1 contract

Samples: Aircraft General Terms Agreement (Alaska Air Group Inc)

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