Option Aircraft definition

Option Aircraft shall be the additional Aircraft that Buyer shall have the option to purchase as per the terms of Article 21.
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Option Aircraft means all exercised Aircraft options as listed in Table 1-B of the 767 Purchase Agreement.
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Option Aircraft means one or more, as the context so requires of the ten (10) ATR 72-600 aircraft that Buyer has the option to acquire in accordance with the terms of Appendix N (Option Aircraft) and as more particularly described in Appendix A (Specification).
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Examples of Option Aircraft in a sentence

  • The remainder of the Aircraft Price for the Option Aircraft will be paid at the time of delivery.

  • Except as otherwise specifically provided, limited or excluded herein, all Option Aircraft that are added to the Agreement by an Option Aircraft Supplemental Agreement as firm Aircraft shall benefit from all the applicable terms, conditions and provisions of the Agreement.

  • Upon receipt of such notice, all rights and obligations of the parties with respect to an Option Aircraft for which the option to purchase has been cancelled shall thereupon terminate.

  • The purchase price of the Option Aircraft will be adjusted by the price charged to Boeing for such items plus 10% of such price.

  • Changes to the Detail Specification pursuant to the provisions of the clauses above shall include the effects of such changes upon Option Aircraft weight, balance, design and performance.


More Definitions of Option Aircraft

Option Aircraft shall be the additional EMBRAER-170 LR aircraft that Buyer shall have the option to purchase as per the terms of Article 23.
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Option Aircraft shall have the meaning specified in Article 2.a hereof.
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Option Aircraft has the meaning ascribed to it in Schedule C-1.
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Option Aircraft means the aircraft which may be purchased [***] by Customer at its option pursuant to Article 2.1 below, with the same model and type as the “Aircraft” contemplated in the APA.
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Option Aircraft shall have the meaning provided in the second Whereas clause;
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Option Aircraft shall have the meaning assigned to such term in Article 22.
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Option Aircraft shall be the EMBRAER 190 Aircraft that Buyer shall have the option to purchase as per the terms of Article 21 hereof.
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