Common use of Vendor Warranty Backstop Clause in Contracts

Vendor Warranty Backstop. For those Vendor Parts installed on the Aircraft at the Delivery Date or subsequently purchased through Bombardier, excluding the Power Plant Parts, in the event the parties agree that a vendor is in default in the performance of any material obligation under any applicable warranty obtained by Bombardier from such vendor pursuant to Annex B Article 2.1 above, the warranties and all other terms and conditions of Annex B Article 1 shall become applicable as if the Vendor Parts had been a BRAD Xxxt, except that the warranty period shall be the Warranty Period as set forth herein or by the vendor's warranty, whichever is shorter.

Appears in 2 contracts

Samples: Purchase Agreement (Asa Holdings Inc), Purchase Agreement (Asa Holdings Inc)

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Vendor Warranty Backstop. For those Vendor Parts installed on the Aircraft at the Delivery Date or subsequently purchased through Bombardier, excluding the Power Plant or the Power Plant Parts, in the event the parties agree that a vendor is in default in the performance of any material obligation under any applicable warranty obtained by Bombardier from such vendor pursuant to Annex B B-1 Article 2.1 above, the warranties and all other terms and conditions of Annex B B-1 Article 1 shall become applicable as if the Vendor Parts had been a BRAD XxxtBombardier Part, except that the warranty period shall be the Warranty Period as set forth herein or by the vendor's ’s warranty, whichever is shortershorter and all transportation costs associated with the Vendor Parts shall be borne by Buyer.

Appears in 1 contract

Samples: Letter Agreement (Pinnacle Airlines Corp)

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Vendor Warranty Backstop. For those Vendor Parts installed on the Aircraft at the Delivery Date or subsequently purchased through Bombardier, excluding the Powerplant or the Power Plant Parts, in the event the parties agree that a vendor is in default in the performance of any material obligation under any applicable warranty obtained by Bombardier from such vendor pursuant to Annex B Article 2.1 above, the warranties and all other terms and conditions of Annex B Article 1 shall become applicable as if the Vendor Parts had been a BRAD XxxtBombardier Part, except that the warranty period shall be the Warranty Period as set forth herein or by the vendor's warranty, whichever is shorter.

Appears in 1 contract

Samples: Letter Agreement (Atlantic Coast Airlines Holdings Inc)

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