Common use of Termination for Failure to Take Delivery Clause in Contracts

Termination for Failure to Take Delivery. If the Buyer fails to comply with its obligations as set forth under Clause 8 and/or Clause 9, or fails to pay the Final Price of the Aircraft, the Seller shall have the right to put the Buyer on notice to do so within a period of *** after the date of such notification. If the Buyer has not cured such default within such period, the Seller may, by written notice, terminate all or part of this Agreement with respect to undelivered Aircraft. All costs referred to in Clause 9.2.3 and relating to the period between the notified date of delivery (as referred to in Clause 9.2.1) and the date of termination of all or part of this Agreement shall be ***. A320F NEO - CES 2013 Private & Confidential CT1302606

Appears in 1 contract

Samples: Letter Agreement (China Eastern Airlines Corp LTD)

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Termination for Failure to Take Delivery. If the Buyer fails to comply with its obligations as set forth under Clause 8 and/or Clause 9, or fails to pay the Final Price of the Aircraft, * the Seller shall have the right to put the Buyer on notice to do so within a period of *** working days after the date of such notification. If the Buyer has not cured such default within such period, the Seller may, by written notice, terminate all or part of this Agreement with respect to undelivered Aircraft. All costs referred to in sub-Clause 9.2.3 9.4.1 and relating to the period between the notified delivery date of delivery (as referred to in Clause 9.2.1) and the date of termination of all or part of this Agreement shall be ***. A320F NEO - CES 2013 Private & Confidential CT1302606borne by the Buyer.

Appears in 1 contract

Samples: Letter Agreement (Tam S.A.)

Termination for Failure to Take Delivery. If the Buyer fails to comply with its obligations as set forth under Clause 8 and/or Clause 9, or fails to pay the Final Price of the AircraftAircraft when due, the Seller shall have the right to put the Buyer on notice to do so within a period of **** after the date of such notification. If the Buyer has not cured such default within such period****, the Seller may, by written notice, terminate all or part of this Agreement with respect to undelivered Aircraft. All costs referred to in Clause 9.2.3 and relating to the period between the notified date of delivery (as referred to in Clause 9.2.19.2.3) and the date of termination of all or part of this Agreement shall be ***. A320F NEO - CES 2013 Private & Confidential CT1302606borne by the Buyer.

Appears in 1 contract

Samples: A320 Purchase Agreement (Avolon Holdings LTD)

Termination for Failure to Take Delivery. If the Buyer fails to comply with its obligations as set forth under Clause 8 and/or Clause 9, or fails to pay the Final Price of the Aircraft, the Seller shall have the right to put the Buyer on notice to do so within a period of Aircraft when due *** after the date of such notification**. If the Buyer has not cured such default within such period****, the Seller may, by written notice, terminate all or part of this Agreement with respect to undelivered Aircraft. All costs referred to in Clause 9.2.3 and relating to the period between the notified date of delivery (as referred to in Clause 9.2.1) and the date of termination of all or part of this Agreement shall be ***. A320F NEO - CES 2013 Private & Confidential CT1302606borne by the Buyer.

Appears in 1 contract

Samples: Purchase Agreement (Avolon Holdings LTD)

Termination for Failure to Take Delivery. If the Buyer fails to comply with its obligations as set forth under Clause 8 and/or Clause 9, or fails to pay the Final Price of the Aircraft, the Seller shall have the right to put the Buyer on notice to do so within a period of [*** after the date of such notification***]. If the Buyer has not cured such default within such period[*****], the Seller may, by written notice, terminate all or part of this Agreement with respect to undelivered Aircraft. All costs referred to in Clause 9.2.3 and relating to the period between the notified date of delivery (as referred to in Clause 9.2.1) and the date of termination of all or part of this Agreement shall be ***. A320F NEO - CES 2013 Private & Confidential CT1302606borne by the Buyer.

Appears in 1 contract

Samples: A320 Neo Purchase Agreement (Azul Sa)

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Termination for Failure to Take Delivery. If the Buyer fails to comply with its obligations as set forth under Clause 8 and/or Clause 9, or fails to pay the Final Price of the AircraftAircraft when due, the Seller shall have the right to put the Buyer on notice to do so within a period of *** after the date of such notification**. If the Buyer has not cured such default within such period****, the Seller may, by written notice, terminate all or part of this Agreement with respect to undelivered Aircraft. All costs referred to in Clause 9.2.3 and relating to the period between the notified date of delivery (as referred to in Clause 9.2.19.2.3) and the date of termination of all or part of this Agreement shall be ***. A320F NEO - CES 2013 Private & Confidential CT1302606borne by the Buyer.

Appears in 1 contract

Samples: A320 Purchase Agreement (Avolon Holdings LTD)

Termination for Failure to Take Delivery. If the Buyer fails to comply with its obligations as set forth under Clause 8 and/or Clause 9, or fails to pay the Final Price of the Aircraft, the Seller shall have the right to put the Buyer on notice to do so within a period of *** after the date of such notification[DELETED]. If the Buyer has not cured such default within such period[DELETED], the Seller may, by written notice, terminate all or part of this Agreement with respect to undelivered Aircraft, [DELETED]. All costs referred to in Clause 9.2.3 and relating to the period between the notified date of delivery (as referred to in Clause 9.2.19.2.3) and the date of termination of all or part of this Agreement shall be ***. A320F NEO - CES 2013 Private & Confidential CT1302606borne by the Buyer.

Appears in 1 contract

Samples: Airbus Purchase Agreement (Gatx Capital Corp)

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