Common use of Spare Parts Credit Clause in Contracts

Spare Parts Credit. Embraer will provide a spare parts (except for engines, engine related parts and APU), ground support equipment, test equipment credit and *** of ***. This credit shall be made available to Buyer upon ***. If for any reason ***, then *** Buyer shall ***. *** only be made available to Buyer in the event there is no outstanding balance due from Buyer to Embraer related to the purchase of such Aircraft. If *** credit is not so made available to Buyer because *** such credit shall be made available at such time thereafter ***. Any portion of such credit which remains unused *** shall be deemed to have been waived by Buyer, and no further compensation shall be due from Embraer to Buyer for such *** credit(s). Such credit(s) shall be applied ***.”

Appears in 1 contract

Samples: Letter Agreement (Republic Airways Holdings Inc)

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Spare Parts Credit. Embraer will provide a spare parts (except for engines, engine related parts and APU), ground support equipment, test equipment credit and *** special services of ***. This credit shall be made available to Buyer upon ***. If for any reason ***, then *** Buyer shall ***. *** only be made available to Buyer in the event there is no outstanding balance due from Buyer to Embraer related to the purchase of such Aircraft. If *** credit is not so made available to Buyer because *** such credit shall be made available at such time thereafter ***. Any portion of such credit which remains unused *** shall be deemed to have been waived by Buyer, and no further compensation shall be due from Embraer to Buyer for such *** credit(s). Such credit(s) shall be applied ***.”

Appears in 1 contract

Samples: Letter Agreement (Republic Airways Holdings Inc)

Spare Parts Credit. Embraer will provide a spare parts (except for engines, engine related parts and APU), ground support equipment, equipment and test equipment credit and *** of ***. This This*** credit shall be made available to Buyer upon ***. If for any reason ***, then *** Buyer shall ***. *** only be made available to Buyer in the event there is no outstanding balance due from Buyer to Embraer related to the purchase of such Aircraft. If *** credit is not so made available to Buyer because *** such credit shall be made available at such time thereafter ***. Any portion of such credit which remains unused *** shall be deemed to have been waived by Buyer, and no further compensation shall be due from Embraer to Buyer for such *** credit(s). Such *** credit(s) shall be applied ***.”

Appears in 1 contract

Samples: Letter Agreement (Republic Airways Holdings Inc)

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Spare Parts Credit. Embraer will provide a spare parts (except for engines, engine related parts and APU), ground support equipment, test equipment credit and *** special services of ***. This credit shall be made available to Buyer upon ***. If for any reason ***, * then *** Buyer shall ***. *** shall only be made available to Buyer in the event there is no outstanding balance due from Buyer to Embraer related to the purchase of such Aircraft. If *** credit is not so made available to Buyer because *** *, such credit shall be made available at such time thereafter ***. Any portion of such credit which remains unused *** shall be deemed to have been waived by Buyer, and no further compensation shall be due from Embraer to Buyer for such *** credit(s). Such credit(s) shall be applied ***.

Appears in 1 contract

Samples: Letter Agreement (Republic Airways Holdings Inc)

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