Common use of TERMINATION FOR ANTICIPATED DELAY Clause in Contracts

TERMINATION FOR ANTICIPATED DELAY. If the Manufacturer concludes, based on its appraisal of the facts, that due to Excusable Delays, delivery of the Aircraft will be delayed for a period of more than six (6) months after the Scheduled Aircraft Delivery, and as a result thereof in good faith and in accordance with its normal scheduling procedures, Manufacturer internally reschedules delivery of the Aircraft to a date reflecting such delay and notifies Lessor thereof, Lessor shall notify Lessee in writing of such delay and rescheduling, in which event either Lessor or Lessee may terminate this Agreement by giving written notice to that effect to the other within ten (10) days after receipt by Lessee of such notice of anticipated delay.

TERMINATION FOR ANTICIPATED DELAY. If the Manufacturer concludes, concludes based on its appraisal of the facts, that due to Excusable Delays, delivery of the Aircraft will be delayed for a period of more than six four (64) months after the Scheduled Aircraft Delivery, and as a result thereof in good faith and in accordance with its normal scheduling procedures, Manufacturer internally reschedules delivery of the Aircraft to a date reflecting such delay and notifies Lessor thereof, Lessor shall notify Lessee in writing of such delay and rescheduling, in which event either Lessor or Lessee may terminate this Agreement by giving written notice to that effect to the other within ten (10) days after receipt by Lessee of such notice of anticipated delay.

TERMINATION FOR ANTICIPATED DELAY. If the Manufacturer concludes, based on its appraisal of the facts, that due to Excusable Delays, delivery of the Aircraft will be delayed for a period of more than six four (64) months after the Scheduled Aircraft Delivery, and as a result thereof in good faith and in accordance with its normal scheduling procedures, Manufacturer internally reschedules delivery of the Aircraft to a date reflecting such delay and notifies Lessor thereof, Lessor shall notify Lessee in writing of such delay and rescheduling, in which event either Lessor or Lessee may terminate this Agreement by giving written notice to that effect to the other within ten (10) days after receipt by Lessee of such notice of anticipated delay.