Spare Engine Allowance Clause Samples
Spare Engine Allowance. In consideration of Airline’s agreement to purchase and take delivery of a minimum of ***** CFM56 powered A319 Aircraft during the Delivery Period (as defined in Attachment A hereto), CFMI agrees to provide ***** to Airline a new CFM56-5B5/P or CFM56-3C-1 spare engine at Airline’s option (*****). CFMI shall deliver ***** to Airline, together with a full warranty ▇▇▇▇ of sale with respect thereto, upon delivery of Airline’s first leased or purchased A319 Aircraft; provided that Airline shall first enter into a security agreement with CFMI or CFMI’s designee in the form attached hereto as Attachment D. Upon the delivery of the ***** CFM56 powered purchased A319 Aircraft during the Delivery Period, CFMI’s security interest in ***** shall be released and the security agreement referred to in the preceding paragraph shall terminate. In the event Airline fails to take delivery of a minimum of ***** purchased A319 Aircraft during the Delivery Period, Airline shall immediately pay to CFMI the base price of ***** in effect at the time of delivery thereof to Airline. However, in the event Airline shall have purchased and taken delivery of at least ***** A319 Aircraft during the Delivery Period, CFMI will credit Airline an amount equal to ***** of such base price for each Aircraft so purchased and delivered. For the avoidance of doubt, ***** for all purposes of the Agreement, including, without limitation, Exhibit B thereof.
Spare Engine Allowance. CFM agrees to provide Airline with an additional allowance, the Spare Engine Allowance, in the amount of ***** per Aircraft delivered to Airline. Such per Aircraft allowance is stated in January 2010 US Dollars (CPI=*****), and shall be subject to adjustment for escalation to the date of delivery of each shipset of Engines to Airframer in accordance with the escalation formula set forth in Attachment D and further by paragraph 2.C hereto. Each Spare Engine Allowance will be earned by Airline upon delivery of each Aircraft to Airline, and will be provided to Airframer for the benefit of Airline on the delivery date of the Aircraft to be applied as a reduction in the final Aircraft price.
Spare Engine Allowance. A320Neo powered by LEAP-1A26: [*****] -A321Neo powered by LEAP-1A32: [*****]
Spare Engine Allowance. CFM agrees to provide Airline with a Spare Engine Allowance in the form of a credit of [***] of the Net Basic Spare Engine Program Price as per Attachment C, that credit to be deducted from the final invoice issued by CFM for each of the up to and including [***] Spare Engines purchased by Airline. [***].
Spare Engine Allowance. Upon delivery of the Spare Engine, CFM will provide Airline with an allowance in the form of a […***…] credit off the invoice issued by CFM. The price for the Spare Engine will be in accordance with Attachment C. The Spare Engine Delivery Schedule may be mutually amended, but in no case will CFM provide a Spare Engine Allowance for Spare Engine deliveries which, due to fault or negligence of Airline, occur beyond […***…]. Allegiant 5B GTA No. 1-▇▇▇▇▇▇▇▇▇▇ CFM Proprietary Information Page 3 of 15 […***…] […***…] Notwithstanding previous agreements with Airframer, the Installed Engine Shipset Price so long as there is Continued Production, shall be subject to escalation from January 2016 (CPI=216.64) to the month delivery to the Airline, in accordance with Attachment D […***…]. For Engines delivered directly to Airframer from CFM for installation on the firm Aircraft with delivery dates that occur after the period covered by the Aircraft Delivery Schedule, […***…]. […***…] The price of Spare Engines delivered directly to Airline from CFM with delivery dates that occur on or before December 31, 2018 shall be subject to escalation from January 2016 (CPI=216.64) to the month of delivery […***…]. For delivery of spare engines after December 31, 2018 and such delay results from the fault or negligence of Airline […***…].
Spare Engine Allowance. In support of the required [***] Spare Engine to installed Engine ratio, GE agrees to provide Airline an allowance [***] of either [***] or [***] the invoice issued by GE for each Spare Engine purchased by Airline. The [***] will be made available for Spare Engines resulting from the firm order of Aircraft. The [***] will be made available for the purchase of Spare Engines required due to the acquisition of Leased Aircraft. The Spare Engine Allowance [***] will be made available to Airline [***]. For the avoidance of doubt, the [***] only applies to the Spare Engine and not to any other items which may appear on the invoice. While Airline has ten Firm Aircraft on order with the Airframer or delivered, [***] Spare Engines. At any time that Airline has eleven and up to fifteen Aircraft on order or delivered, [***] Spare Engine. At any time Airline has [***] on order or delivered, [***] Spare Engine. [***] Confidential treatment has been requested for the bracketed portions. The confidential redacted portion has been omitted and filed separately with the Securities and Exchange Commission.