Common use of Termination for Non-Payment of Predelivery Payments Clause in Contracts

Termination for Non-Payment of Predelivery Payments. If for any Aircraft the Buyer fails to make any Predelivery Payments at the time, in the manner and in the amount specified in Clause 5.3 the Seller may, by written notice, terminate all or part of this Agreement with respect to undelivered Aircraft.

Appears in 8 contracts

Samples: Purchase Agreement (Azul Sa), Purchase Agreement (China Eastern Airlines Corp LTD), Purchase Agreement (China Southern Airlines Co LTD)

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Termination for Non-Payment of Predelivery Payments. If for any Aircraft the Buyer fails to make any Predelivery Payments at the timepredelivery payments [*] due date of payment, in the manner and in the amount specified in sub-Clause 5.3 the Seller may, by written notice, terminate all or part of this Agreement with respect to undelivered Aircraft5.

Appears in 2 contracts

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

Termination for Non-Payment of Predelivery Payments. If for any Aircraft the Buyer fails to make any Predelivery Payments at the time, in the manner and in the amount specified in Clause 5.3 and such delay continues for [***] Working Days the Seller may, by written notice, terminate all or part of this Agreement with respect to undelivered Aircraft.

Appears in 2 contracts

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

Termination for Non-Payment of Predelivery Payments. If for any Aircraft the Buyer fails to make any Predelivery Payments at the time, in the manner and in the amount specified in Clause 5.3 ****, the Seller may, may by written notice, terminate all or part of this Agreement with respect to undelivered Aircraft.

Appears in 2 contracts

Samples: Purchase Agreement (Avolon Holdings LTD), Purchase Agreement (Avolon Holdings LTD)

Termination for Non-Payment of Predelivery Payments. If for any Aircraft the Buyer fails to make any Predelivery Payments at the time, in the manner and in the amount specified in Clause 5.3 5.3, * the Seller may, by written notice, terminate all or part of this Agreement with respect to undelivered Aircraft.. *

Appears in 1 contract

Samples: Purchase Agreement (Tam S.A.)

Termination for Non-Payment of Predelivery Payments. If for any Aircraft the Buyer fails to make any Predelivery Payments at the time, in the manner and in the amount specified in Clause 5.3 of this Agreement within [DELETED], the Seller may, by written notice, terminate all or part of this Agreement with respect to undelivered Aircraft, [DELETED].

Appears in 1 contract

Samples: Purchase Agreement (Gatx Capital Corp)

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Termination for Non-Payment of Predelivery Payments. If for any Aircraft the Buyer fails to make any Predelivery Payments at the time, in the manner and in the amount specified in Clause 5.3 5.3, the Seller **** may, by written notice, terminate all or part of this Agreement with respect to undelivered Aircraft.

Appears in 1 contract

Samples: Purchase Agreement (Avolon Holdings LTD)

Termination for Non-Payment of Predelivery Payments. If for any Aircraft the Buyer fails to make any Predelivery Payments predelivery payments at the time, in the manner and in the amount specified in sub-Clause 5.3 5. 2.1 the Seller may, by written notice, terminate all or part of this Agreement with respect to undelivered Aircraft.

Appears in 1 contract

Samples: Purchase Agreement (Tam S.A.)

Termination for Non-Payment of Predelivery Payments. If for any Aircraft the Buyer fails to make any Predelivery Payments Payment at the time, in the manner and in the amount specified in Clause 5.3 as supplemented by the relevant Purchase Agreement, the Seller may, by written notice, terminate all or part of this such Purchase Agreement with respect to undelivered Aircraft.

Appears in 1 contract

Samples: Aircraft General Terms Agreement (China Southern Airlines Co LTD)

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