Exchange Unit definition
Exchange Unit means a Serviceable part that is supplied to the Customer by AJW in exchange for an Off Unit from the Customer; “Late Fees” means the fees payable in accordance with the provisions of Clause 3.7; “Loan” means the loan of a Part from AJW to the Customer on the terms specified in a Loan Order and these Standard Terms; “Loan Fee” means the fee for the Loan as specified in the Loan Order which is chargeable until the Loan Unit is Repaired and received at AJW’s Facility; “Loan Term” means the period for which the Customer has the Loan Unit in its possession until the Loan Unit is returned to AJW’s Facility (and includes any period where the Loan Unit is on Repair), and as otherwise described in the relevant Loan Order; “Loan Unit” means the part of the aircraft which is supplied by AJW to the Customer on Loan; “Off Unit” means a part removed from an aircraft in need of Repair and/or overhaul which either (i) has been or is to be replaced by the Exchange Unit, or (ii) has been sent directly to AJW for Repair management; “Off Unit Return Time” means the time to return the Off Unit as specified in the Exchange Order; “Outright Price” means the agreed price of an Exchange Unit or Loan Unit if the Off Unit is deemed BER or sold to Customer as an Outright Sale; “Outright Sale” means the outright sale of an Exchange Unit or Loan Unit by AJW to the Customer at the price specified in the corresponding quote, Exchange Agreement or Loan Agreement; “Order” means (i) any order submitted by the Customer for a Sale and/ or Repair or (ii) a loan or exchange order, in AJW’s standard format, submitted by the Customer to AJW; “Parts” means any aircraft component parts specified in an Order; “Repair” means any Unserviceable Off Unit that requires repair, overhaul, inspection, modification and/ or testing arranged by AJW and “Repaired” shall be understood accordingly; “Sale” means the Outright Sale of a Part by AJW to the Customer and “Sold” shall be understood accordingly; “Serviceable” means a part that meets aviation authority specified standards for airworthiness, including in relation to its storage, and has no known defects, which would render it unfit for service; “Units” means, together, Exchange Units and Off Units; “Unserviceable” means not Serviceable.
Exchange Unit means any form of benefit granted to a consumer that has an exchange value within the meaning of a loyalty program.
Exchange Unit means a unit of measurement in which a relevant Exchange Quotation is made of the subject class of futures contract;
Examples of Exchange Unit in a sentence
AJW reserves the right to recharge the Customer for restocking fees incurred in obtaining the Exchange Unit or Loan Unit from a third party supplier.
Upon notification, Unisys will ship an Exchange Unit to the Client using a next day delivery service.
Beckton will cause IEGP, to the extent possible, to take such action as is necessary, including selecting methods under Code Section 704(c), to cause each Exchange Unit to have the same economic and tax characteristics to any purchaser or acquiror thereof as each other IEP Unit, provided that Beckton consults with the Audit Committee with respect to all Code Section 704(c) elections relating to this transaction.
Client will install the Exchange Unit and shall ship the Failed Unit to Unisys within fourteen (14) days after Client’s receipt of the Exchange Unit.
Client agrees to pay Unisys an additional fee, as determined by Unisys, if Client fails to return Failed Unit within fourteen (14) days of Client's receipt of Exchange Unit.
More Definitions of Exchange Unit
Exchange Unit or “Original Exchange Unit”) in return for Customer’s As Removed part (“Core”) and exchange fees plus all recertification costs and surcharges incurred by Hawk as of the date written above, as set below. The agreed terms of this Agreement are final and will not be subject to post sale renegotiation.
Exchange Unit means any equipment, component, or accessory ordered by the Purchaser and supplied, as an exchange, by the Supplier pursuant to these Terms.
Exchange Unit means aircraft engines, components, parts and
Exchange Unit. Preamble "Exchange Units" Preamble
Exchange Unit means a serviceable core unit, specially ordered by the Customer to be exchanged for the Customer’s core unit, supplied by the Company pursuant to Clause 11, and subject to these Terms and Conditions;
Exchange Unit means new, repaired, or previously used equipment in working order that Unisys conveys to Client as a replacement for a Failed Unit. The Failed Unit shall become the property of Unisys upon Client's receipt of the Exchange Unit or, if later, upon receipt of the Failed Unit by Unisys. Client warrants that title to the Failed Unit, and Unisys warrants that title to the Exchange Unit, shall be free and clear of all claims, liens, and encumbrances including security interests.
Exchange Unit means HPA Unit specified in the Purchase Order to be sent to Customer in Exchange for the applicable Core Unit set forth in the Purchase Order.