Common use of Supplier’s Default Clause in Contracts

Supplier’s Default. 12.3.2.1 In the event of any Supplier, under any standard warranty obtained by the Seller pursuant to Clause 12.3.1, defaulting in the performance of any material obligation with respect thereto and the Buyer submitting in reasonable time to the Seller reasonable proof that such default has occurred, then Clause 12.1 shall apply to the extent the same would have been applicable had such Supplier Part been a Warranted Part, except that the Supplier's warranty period as indicated in the Supplier Product Support Agreement shall apply.

Appears in 7 contracts

Samples: Letter Agreement (China Southern Airlines Co LTD), Letter Agreement (China Southern Airlines Co LTD), Letter Agreement (China Southern Airlines Co LTD)

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Supplier’s Default. 12.3.2.1 In the event of any Supplier, under any standard warranty obtained by the Seller pursuant to Clause 12.3.1, defaulting in the performance of any material obligation with respect thereto and the Buyer submitting in reasonable time to the Seller reasonable proof that such default has occurred, then Clause 12.1 shall apply to the extent the same would have been applicable had such Supplier Part been a Warranted Part, except that the Supplier's ’s warranty period as indicated in the Supplier Product Support Agreement shall apply.

Appears in 7 contracts

Samples: Letter Agreement (China Eastern Airlines Corp LTD), Purchase Agreement (Latam Airlines Group S.A.), A350 XWB Purchase Agreement (Latam Airlines Group S.A.)

Supplier’s Default. 12.3.2.1 In the event of any Supplier, under any standard warranty obtained by the Seller and transferred to the Buyer pursuant to Clause 12.3.1the Supplier Product Support Agreement, defaulting defaults in the performance of any material obligation with respect thereto and the Buyer submitting submits in reasonable time to the Seller reasonable proof evidence that such default has occurred, then Clause 12.1 shall apply to the extent the same would have been applicable had such Supplier Part been a Warranted Part, except that the Supplier's ’s warranty period as indicated in the Supplier Product Support Agreement shall apply.

Appears in 5 contracts

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

Supplier’s Default. 12.3.2.1 In the event of any Supplier, under any standard warranty obtained by the Seller pursuant to Clause 12.3.1, defaulting in the performance of any material obligation with respect thereto and ***** (ii) the Buyer submitting in reasonable time to the Seller reasonable proof evidence that such default has occurred, then Clause 12.1 shall will apply to the extent (a) the same would have been applicable had such Supplier Part been a Warranted Part, and (b) the Seller can reasonably perform said Supplier’s obligations, except that the Supplier's ’s warranty period as indicated in the Supplier Product Support Agreement shall will apply.

Appears in 3 contracts

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

Supplier’s Default. 12.3.2.1 12.3.1.2.1 In the event of any Supplier, under any standard warranty obtained by the Seller pursuant to Clause 12.3.1, defaulting in the performance of any material obligation with respect thereto and the Buyer submitting in reasonable time to the Seller reasonable proof that such default has occurred, then Clause 12.1 shall apply to the extent the same would have been applicable had such Supplier Part been a Warranted Part, except that the Supplier's ’s warranty period as indicated in the Supplier Product Support Agreement shall apply.

Appears in 2 contracts

Samples: A350 Purchase Agreement (China Southern Airlines Co LTD), XWB Purchase Agreement (Latam Airlines Group S.A.)

Supplier’s Default. 12.3.2.1 In the event of any Supplier, under any standard warranty obtained by the Seller pursuant to Clause 12.3.112.3, defaulting in the performance of any material obligation with respect thereto and the Buyer submitting in reasonable time to the Seller reasonable proof that such default has occurred, then Clause 12.1 shall apply to the extent the same would have been applicable had such Supplier Part been a Warranted Part, except that the Supplier's ’s warranty period as indicated in the Supplier Product Support Agreement shall apply.

Appears in 2 contracts

Samples: Participation Agreement (AerCap Holdings N.V.), Aircraft Purchase Agreement (AerCap Holdings N.V.)

Supplier’s Default. 12.3.2.1 (i) In the event of any Supplier, under any standard warranty obtained by the Seller pursuant to Clause 12.3.1, defaulting in the performance of any material obligation with respect thereto and ***** the Buyer submitting in reasonable time to the Seller reasonable proof that such default has occurred, then Clause 12.1 shall apply to the extent the same would have been applicable had such Supplier Part been a Warranted Part, except that the Supplier's ’s warranty period as indicated in the Supplier Product Support Agreement shall apply.

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Frontier Group Holdings, Inc.)

Supplier’s Default. 12.3.2.1 In the event of any Supplier, under any standard warranty obtained by the Seller pursuant to Clause 12.3.1, defaulting in the performance of any material obligation with respect thereto and the Buyer submitting in reasonable time to the Seller reasonable proof that such default has occurred, then Clause 12.1 shall apply to the extent the same would have been applicable had such Supplier Part been a Warranted Part, except that the Supplier's warranty period as indicated in the Supplier Product Support Agreement shall apply[*****].

Appears in 1 contract

Samples: A320 Neo Purchase Agreement (Azul Sa)

Supplier’s Default. 12.3.2.1 In the event of If any Supplier, Supplier under any standard warranty obtained by the Seller pursuant referred to in Clause 12.3.1, defaulting 12.3.1 defaults in the performance of any material obligation under such warranty with respect thereto to a Supplier Part and the Buyer submitting in submits reasonable time to the Seller evidence, within a reasonable proof time, that such default has occurred, then Clause 12.1 of this Agreement shall apply to the extent the same it would have been applicable applied had such Supplier Part been a Warranted Part, to the extent the Seller can reasonably perform said Supplier’s obligations, except that the Supplier's ’s warranty period as indicated in the Supplier Product Support Agreement Agreements shall apply.

Appears in 1 contract

Samples: Letter Agreement (Hawaiian Holdings Inc)

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Supplier’s Default. 12.3.2.1 In the event of that any Supplier, under any standard warranty obtained by the Seller pursuant to Clause 12.3.1, defaulting defaults in the performance of any material obligation with respect thereto and the Buyer submitting submits in reasonable time to the Seller reasonable proof that such default has occurred, then Clause 12.1 shall apply to the extent the same would have been applicable had such Supplier Part been a Warranted Part, except that the Supplier's warranty period as indicated in the Supplier Product Support Agreement shall apply.

Appears in 1 contract

Samples: Airbus Purchase Agreement (Gatx Capital Corp)

Supplier’s Default. 12.3.2.1 In the event of If any Supplier, Supplier under any standard warranty obtained by the Seller pursuant referred to in Clause 12.3.1, defaulting 12.3.1 defaults in the performance of any material obligation under such warranty with respect thereto to a Supplier Part and the Buyer submitting in submits reasonable time to the Seller evidence, within a reasonable proof time, that such default has occurred, then Clause 12.1 shall of this Agreement will apply to the extent the same it would have been applicable applied had such Supplier Part been a Warranted Part, to the extent the Seller can reasonably perform said Supplier's obligations, except that the Supplier's warranty period as indicated in the Supplier Product Support Agreement shall Agreements will apply.

Appears in 1 contract

Samples: A330 200 Freighter Purchase Agreement (Aircastle LTD)

Supplier’s Default. 12.3.2.1 In the event of If any Supplier, Supplier under any standard warranty obtained by the Seller pursuant referred to in Clause 12.3.1, defaulting 12.3.1 defaults in the performance of any material obligation under such warranty with respect thereto to a Supplier Part and the Buyer submitting in submits reasonable time to the Seller evidence, within a reasonable proof time, that such default has occurred, then Clause 12.1 shall of this Agreement will apply to the extent the same it would have been applicable applied had such Supplier Part been a Warranted Part, to the extent the Seller can reasonably perform said Supplier’s obligations, except that the Supplier's ’s warranty period as indicated in the Supplier Product Support Agreement shall Agreements will apply.

Appears in 1 contract

Samples: Letter Agreement (United Airlines, Inc.)

Supplier’s Default. 12.3.2.1 In the event of any Supplier, under any standard warranty obtained by the Seller pursuant to Clause 12.3.1, defaulting in the performance of any material obligation with respect thereto and [***] 12.3.2.2 In the Buyer submitting in reasonable time to event of any Supplier, under any Supplier Service Life Policy obtained by the Seller reasonable proof that such default has occurredpursuant to Clause 12.3.1, then Clause 12.1 shall apply to the extent the same would have been applicable had such Supplier Part been a Warranted Part, except that the Supplier's warranty period as indicated defaulting in the Supplier Product Support Agreement shall applyperformance of any material obligation with [***].

Appears in 1 contract

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

Supplier’s Default. 12.3.2.1 In the event of 12.3.1.2.1 If any Supplier, under any standard warranty obtained by the Seller pursuant to Clause 12.3.1contained in a Supplier Product Support Agreement, defaulting defaults in the performance of any material obligation with respect thereto and the Buyer submitting in reasonable time submits to the Seller timely and reasonable proof evidence that such default has occurred, then Clause 12.1 shall will apply to the extent the same would have been applicable had such Supplier Part been a Warranted Part, except that the Supplier's ’s warranty period as indicated in the Supplier Product Support Agreement shall will apply.

Appears in 1 contract

Samples: Letter Agreement (Air Lease Corp)

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