Common use of TERMINATION UNDER Clause in Contracts

TERMINATION UNDER. Article 13.2 shall discharge all obligations and liabilities of Buyer and XXXX hereunder with respect to such delayed Aircraft and all related undelivered items and services, except that XXXX shall promptly repay to Buyer, and BRAD's sole liability and responsibility shall be limited to the repayment to Buyer, of all advance payments for such Aircraft received by XXXX less any amount due by Buyer to XXXX.

Appears in 3 contracts

Samples: Purchase Agreement (Midway Airlines Corp), Purchase Agreement (Midway Airlines Corp), Purchase Agreement (Alaska Air Group Inc)

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TERMINATION UNDER. Article 13.2 shall discharge all obligations and liabilities of Buyer and XXXX BXXX hereunder with respect to such delayed Aircraft and all related undelivered items and services, except that XXXX shall promptly * BXXX shall, within * of such termination, repay to Buyer, and BRAD's sole liability and responsibility shall be limited to the repayment to Buyer, of all advance payments deposits for such Aircraft received by XXXX BXXX less any amount due by Buyer to XXXXBXXX.

Appears in 2 contracts

Samples: Purchase Agreement (Atlantic Coast Airlines Inc), Purchase Agreement (Atlantic Coast Airlines Inc)

TERMINATION UNDER. Article 13.2 shall discharge all obligations and liabilities of Buyer and XXXX hereunder with respect to such delayed Aircraft and all related undelivered items and services, except that [ * ] XXXX shall promptly shall, within [ * ] such termination, repay to Buyer, and BRAD's sole liability and responsibility shall be limited to the repayment to Buyer, of all advance payments deposits for such Aircraft received by XXXX less any amount due by Buyer to XXXX.

Appears in 1 contract

Samples: Purchase Agreement (Atlantic Coast Airlines Holdings Inc)

TERMINATION UNDER. Article 13.2 shall discharge all obligations and liabilities of Buyer and XXXX BXXX hereunder with respect to such delayed Aircraft and all related undelivered items and services, except that XXXX shall promptly * BXXX shall, within* of such termination, repay to Buyer, and BRAD's sole liability and responsibility shall be limited to the repayment to Buyer, of all advance payments deposits for such Aircraft received by XXXX BXXX less any amount due by Buyer to XXXXBXXX.

Appears in 1 contract

Samples: Purchase Agreement (Atlantic Coast Airlines Inc)

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TERMINATION UNDER. Article 13.2 shall discharge all obligations and liabilities of Buyer and XXXX hereunder with Buyex xxx BRAD xxxxxxxxx xxxh respect to such delayed Aircraft and all related undelivered items and services, except that XXXX shall BRAD xxxll promptly repay to Buyer, and BRAD's sole BRAD'x xole liability and responsibility shall be limited to the repayment to Buyer, of all advance payments for such Aircraft received by XXXX BRAD [CONFIDENTIAL PORTION DELETED] , less any amount due by Buyer to XXXXBuyex xx BRAD.

Appears in 1 contract

Samples: Purchase Agreement (Mesa Air Group Inc)

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