TERM; DELIVERY; ACCEPTANCE Clause Samples
The 'TERM; DELIVERY; ACCEPTANCE' clause defines the duration of the agreement, the process and timing for delivering goods or services, and the criteria or procedure for the recipient to accept them. Typically, it specifies when the contract begins and ends, outlines delivery schedules or milestones, and sets out how and when the buyer can inspect and formally accept or reject the delivered items. This clause ensures both parties are clear on their obligations regarding timing and quality, reducing disputes over late delivery or unsatisfactory performance.
TERM; DELIVERY; ACCEPTANCE. 3.1.1 Lessor shall deliver and Lessee shall accept the Aircraft and the delivery thereof on the Delivery Date.
3.1.2 [Intentionally omitted].
TERM; DELIVERY; ACCEPTANCE. (a) Term .............................................................. (b) Delivery .............................................................. (c) Delay in Delivery - Force Majeure ..................................... (d) Inspection ............................................................ (e)
TERM; DELIVERY; ACCEPTANCE. 3.01 This Agreement is subject to a condition precedent that the following matters and events will have taken place to the satisfaction of the LESSOR within five (5) days prior to or on the Delivery Date:
(a) the LESSEE providing to the LESSOR:
(i) complete and current certified copies of the Articles of Association of the LESSEE and any amendments thereto, together with the Minutes of the Meeting which elected the Managers and/or Officers of the LESSEE, as the case maybe;
(ii) certified copies of the LESSEE and/or its parent company, if applicable, that are required pursuant to LESSEE’s or parent company’s Articles of Association/By-laws authorizing the execution of this Agreement and authorizing a person or persons to sign and deliver this Agreement the LESSOR, if applicable;
(iii) in case this Agreement and any other relevant Lease Document to which the LESSEE is a party shall be executed on behalf of LESSEE by LESSEE’s attorney(s)-in-fact, powers of attorney of the LESSEE authorizing such person or persons to execute on behalf of the LESSEE this Agreement and any other relevant Lease Document to which the LESSEE is a party, each duly notarized (firmas reconhecidas);
(iv) evidence satisfactory to the LESSOR that each such law, decree, consent, license, approval, registration or declaration (including without limitation any requisite exchange control or equivalent consents) as is, in the reasonable opinion of the LESSOR necessary to render this Agreement and each of the Lease Documents legal, valid, binding and enforceable, to make this Agreement and the Lease Documents admissible in evidence in New York, and/or Brazil and to enable the LESSEE to perform its obligations hereunder has been obtained and remains unamended and in full force and effect;