Option Helicopters definition

Option Helicopters means the optional Eurocopter EC225 helicopters each in the configuration and according to Technical Specification as described in Annex 1, that may be purchased by the Buyer under this Contract, in accordance with Article 1.2;
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Examples of Option Helicopters in a sentence

  • Whereas the Parties are willing to enter into a new multiyear contract for the supply of additional twenty (20) firm Helicopters and several Option Helicopters for delivery from February 2012 through — May 2016 and associated services, under new conditions.

  • In the event there are no Helicopters, Option Helicopters or RFR Helicopters remaining to be delivered, the balance shall be wired forthwith to the bank account designated by the Buyer.

  • It is agreed, that the Buyer may use the technical assistance to which it is entitled hereunder on one or more of the Helicopters, Option Helicopters or RFR Helicopters.

  • If due to governmental action the export to the Buyer of the Helicopters or part of the Option Helicopters or substantial part thereof is not authorized, this situation is recognized expressly by the parties as a case of Force Majeure and the Buyer agrees that it will hold the Seller harmless and will waive any claim for any damage that may result therefrom except for the repayment to the Buyer of any corresponding portion of the Contract Price.

  • The Seller agrees to allocate down payments or progress payments to those Helicopters and Option Helicopters as may be requested from time to time by Buyer in connection with Buyer’s financing of such Helicopters and Option Helicopters, provided that in all cases the aggregate amount of all down payments and progress payments paid by the Buyer shall not be less than the aggregate amount of down payments and progress payments required to be paid hereunder.

  • If due to governmental action the export to the Buyer of the Helicopters or the Option Helicopters or a substantial part thereof is not authorized, this situation is recognized expressly by the Parties as a case of Force Majeure and the Buyer agrees that it will hold the Seller harmless and will waive any claim for any damage that may result therefrom except for the repayment to the Buyer of any corresponding portion of the Contract Price.

  • Among the sixteen (16) Helicopters the Buyer is entitled to purchase these Helicopters in civil SAR configuration (excluding specifically COMR register), provided configuration and price modification pursuant to Article 5.3 but not exceeding six (6) from the first eight (8) Helicopters and not exceeding a total of ten (10) EC225 among the sixteen (16) Helicopters and ten (10) Option Helicopters.

  • Seller agrees to allocate down payments or progress payments to those Helicopters and Option Helicopters as may be requested from time to time by Buyer in connection with Buyer’s financing of such Helicopters and Option Helicopters, provided that in all cases the aggregate amount of all down payments and progress payments paid by the Buyer shall not be less than the aggregate amount of down payments and progress payments required to be paid hereunder.

  • The Seller shall be entitled to terminate the contract for any such Helicopter, Option Helicopter or RFR Helicopter and retain ***% of the price of same to cover financial, reallocation and reconfiguration costs and shall transfer to other Helicopters, Option Helicopters or RFR Helicopters the balance amount as directed by the Buyer.

  • For deliveries of Helicopters in 2013 and subsequent years and in the event of confirmation of the Option Helicopters, the price of such Helicopters would be confirmed by the Seller, ***.

Related to Option Helicopters

  • helicopter means a heavier-than-air aircraft supported in flight chiefly by the reactions of the air on one or more power-driven rotors on substantially vertical axes;

  • Preconstruction services means services and other activities during the design phase.

  • Nonambulatory means the condition of a person who immediately and without aid of another is not physically or mentally capable of traveling a normal path to safety, including the ascent and descent of stairs.

  • Rural areas means any area within the county located outside the

  • Displacement means the relative movement of any two sides of a fault measured in any direction.