Common use of Transfer of Rights and Obligations upon Reorganization Clause in Contracts

Transfer of Rights and Obligations upon Reorganization. If at any time before the date upon which all the obligations and liabilities of the Seller under this Agreement have been discharged, the legal structure, the membership or the business of the Seller is reorganized or the legal form of the Seller is changed and as a consequence thereof the rights and obligations of the Seller must be transferred to another entity within the restructured Airbus group (or the Seller in its new legal form) (“Newco”) as, the Seller will promptly notify the Buyer of such transfer, and must be transferred to. In such event, the Seller may request the Buyer to enter into a novation agreement and/or other agreement having the same effect whereby the Seller’s rights and obligations under this Agreement are novated or transferred in favor of Newco. Upon receipt of such request, the Buyer will enter into a novation agreement and/or other appropriate agreement, provided that the Buyer’s rights and obligations under this Agreement are not materially adversely affected by such novation and/or other agreement. Until any such novation agreement/other appropriate documentation has come into effect, this Agreement will remain in full force and effect, and each party will act diligently and in good faith to implement the novation agreement and/or other appropriate documentation as soon as practicable after Newco has come into existence. Spirit Airlines - A320 FAMILY – PA 85

Transfer of Rights and Obligations upon Reorganization. If at any time before the date upon which all the obligations and liabilities of the Seller under this Agreement have been discharged, the legal structure, the membership or the business of the Seller is reorganized or the legal form of the Seller is changed and as a consequence thereof the rights and obligations Seller wishes the Buyer to accept the substitution of the Seller must be transferred to by another entity within the restructured Airbus group (or the Seller in its new legal form) (“Newco”) asas contemplated below, the Seller will promptly notify the Buyer of such transfer, and must be transferred toits wish. In such event, the Seller may request the Buyer to enter into a novation agreement and/or other agreement having the same effect whereby the Seller’s rights and obligations under this Agreement are novated or transferred in favor of Newco. Upon receipt of such request, the Buyer will enter into a novation agreement and/or other appropriate agreement, provided that the Buyer’s rights and obligations under this Agreement are not materially adversely affected by such novation and/or other agreement. Until any such novation agreement/other appropriate documentation has come into effect, this Agreement will remain in full force and effect, and each party will act diligently and in good faith to implement the novation agreement and/or other appropriate documentation as soon as practicable after Newco has come into existence. Spirit Airlines - A320 FAMILY – PA 85.

Transfer of Rights and Obligations upon Reorganization. If at any time before until the date upon which all the obligations and liabilities of the Seller under this Agreement have been discharged, the legal structure, the membership or the business of the Seller is reorganized or the legal form of the Seller is changed and as a consequence thereof the rights and obligations Seller wishes the Buyers to accept the substitution of the Seller must be transferred to by another entity within the restructured Airbus group (or the Seller in its new legal form) (“Newco”"NEWCO") asas contemplated below, the Seller will promptly notify the Buyer Buyers of such transfer, and must be transferred toits wish. In such event, the Seller may request the Buyer Buyers to enter into a novation agreement and/or other agreement having the same effect whereby the Seller’s 's rights and obligations under this Agreement are novated or transferred in favor of Newco. Upon receipt of such request, the Buyer Buyers will enter into a novation agreement and/or other appropriate agreement, provided that the Buyer’s Buyers' rights and obligations under this Agreement are not materially adversely affected by such novation and/or other agreement. Until any such novation agreement/other appropriate documentation has come into effect, this Agreement will remain in full force and effect, and each party will act diligently and in good faith to implement the novation agreement and/or other appropriate documentation as soon as practicable after Newco has come into existence. Spirit Airlines - A320 FAMILY – PA 85.

Transfer of Rights and Obligations upon Reorganization. If at any time before until the date upon which all the obligations and liabilities of the Seller under this Agreement have been discharged, the legal structure, the membership or the business of the Seller is reorganized or the legal form of the Seller is changed and as a consequence thereof the rights and obligations Seller wishes the Buyer to accept the substitution of the Seller must be transferred to by another entity within the restructured Airbus group (or the Seller in its new legal form) (“Newco”) asas contemplated below, the Seller will promptly notify the Buyer of such transfer, and must be transferred toits wish. In such event, the Seller may request the Buyer to enter into a novation agreement and/or other agreement having the same effect effect, whereby the Seller’s rights and obligations under this Agreement are novated or transferred in favor of Newco. Upon receipt of such request, the Buyer will enter into a novation agreement and/or other appropriate agreement, provided that the Buyer’s rights and obligations under this Agreement are not materially adversely affected by such novation and/or other agreement. Until any such novation agreement/other appropriate documentation has come into effect, this Agreement will remain in full force and effect, and each party will act diligently and in good faith to implement the novation agreement and/or other appropriate documentation as soon as practicable after Newco has come into existence. Spirit Airlines - A320 FAMILY – PA 85.

Transfer of Rights and Obligations upon Reorganization. If at any time before until the date upon which all the obligations and liabilities of the Seller under this Agreement have been discharged, the legal structure, the membership or the business of the Seller is reorganized or the legal form of the Seller is changed and as a consequence thereof the rights and obligations Seller wishes the Buyer to accept the substitution of the Seller must be transferred to by another entity within the restructured Airbus group (or the Seller in its new legal form) (“"Newco”") asas contemplated below, the Seller will promptly notify the Buyer of such transfer, and must be transferred toits wish. In such event, the Seller may request the Buyer to enter into a novation agreement and/or other agreement having the same effect whereby the Seller’s 's rights and obligations under this Agreement are novated or transferred in favor of Newco. Upon receipt of such request, the Buyer will enter into a novation agreement and/or other appropriate agreement, provided that the Buyer’s 's rights and obligations under this Agreement are not materially adversely affected by such novation and/or other agreement. *. Until any such novation agreement/other appropriate documentation has come into effect, this Agreement will remain in full force and effect, and each party will act diligently and in good faith to implement the novation agreement and/or other appropriate documentation as soon as practicable after Newco has come into existence. Spirit Airlines - A320 FAMILY – PA 85.

Transfer of Rights and Obligations upon Reorganization. If at any time before the date upon which all the obligations and liabilities of the Seller under this Agreement have been discharged, the legal structure, the membership or the business of the Seller is reorganized or the legal form of the Seller is changed and as a consequence thereof the rights and obligations of the Seller must be transferred to another entity within the restructured Airbus group (or the Seller in its new legal form) (“"Newco”") as, the Seller will promptly notify the Buyer of such transfer, and must be transferred to. In such event, the Seller may request the Buyer to enter into a novation agreement and/or other agreement having the same effect whereby the Seller’s 's rights and obligations under this Agreement are novated or transferred in favor of Newco. Upon receipt of such request, the Buyer will enter into a novation agreement and/or other appropriate agreement, provided that the Buyer’s 's rights and obligations under this Agreement are not materially adversely affected by such novation and/or other agreement. Until any such novation agreement/other appropriate documentation has come into effect, this Agreement will remain in full force and effect, and each party will act diligently and in good faith to implement the novation agreement and/or other appropriate documentation as soon as practicable after Newco has come into existence. Spirit Airlines - A320 FAMILY – - PA 85

Transfer of Rights and Obligations upon Reorganization. If at any time before the date upon which all the obligations and liabilities of the Seller under this Agreement have been discharged, the legal structure, the membership or the business of the Seller is reorganized or the legal form of the Seller is changed and as a consequence thereof the rights and obligations Seller wishes the Buyer to accept the substitution of the Seller must be transferred to by another entity within the restructured Airbus group (or the Seller in its new legal form) (“"Newco”") asas contemplated below, the Seller will promptly notify the Buyer of such transfer, and must be transferred toits wish. In such event, the Seller may request the Buyer to enter into a novation agreement and/or other agreement having the same effect whereby the Seller’s 's rights and obligations under this Agreement are novated or transferred in favor of Newco. Upon receipt of such request, the Buyer will enter into a novation agreement and/or other appropriate agreement, provided that the Buyer’s 's rights and obligations under this Agreement are not materially adversely affected by such novation and/or other agreement. Until any such novation agreement/other appropriate documentation has come into effect, this Agreement will remain in full force and effect, and each party will act diligently and in good faith to implement the novation agreement and/or other appropriate documentation as soon as practicable after Newco has come into existence. Spirit Airlines - A320 FAMILY – PA 85.