V2500 General Terms of Sale Sample Contracts
ContractV2500 General Terms of Sale • May 5th, 2020
EX-10.1 2 save-ex101x20130930x10qxa.htm AMENDED AND RESTATED V2500 GENERAL TERMS OF SALE Exhibit 10.1 EXECUTION VERSION AMENDED AND RESTATED V2500® GENERAL TERMS OF SALE BETWEEN IAE INTERNATIONAL AERO ENGINES AG AND SPIRIT AIRLINES, INC. *****Confidential portions of the material have been omitted and filed separately with the Securities and Exchange Commission. Page 1 of 1 Exhibit 10.1 TABLE OF CONTENTS 1. Definitions 5 2. Installed and Spare Engine Purchase Commitments 6 2.1 Agreement to Purchase Aircraft from Airbus 6 2.2 Agreement to Purchase Spare Engines from IAE 6 2.3 Type Approval and Changes in Specification 6 2.4 Inspection and Acceptance 7 2.5 Delivery, Shipping, Title and Risk of Loss or Damage 8 2.6 Price 8 2.7 Payment 8 3. Spare Parts Provisions 9 3.1 Intent and Term 9 3.2 ATA Standards 10 3.3 Stocking of Spare Parts 10 3.4 Lead Times 10 3.5 Ordering Procedure 11 3.6 Modifications to Spare Parts 11 3.7 Inspection 11 3.8 Delivery and Packing 12 3.9 Prices 12 3.10 Payment 1
