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

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • Therefore, the Buyer shall ensure that the sums received by the Seller for the sale of the Helicopters and/or Option Helicopters shall be equal to the full amounts expressed to be due, without deduction or withholding on account of and free from any and all taxes.

  • Option Helicopter Option Exercise Date 11 *** 12 *** 13 *** 14 *** 15 *** 16 *** 17 *** 18 *** 19 *** 20 *** 21 *** 22 *** 23 *** 24 *** 25 *** 26 *** Except as modified by this section 5 and Exhibit A2, all other terms of this Agreement shall apply to the Option Helicopters.

  • If the Board agrees with the staff view that perpetual endowments can meet the definition of an asset, staff intend to bring Issue 2 (whether the recipient of a donation that creates a perpetual endowment could ever fulfil any attached performance obligations because of the requirement for the resource to be maintained in perpetuity) to a future Board meeting.

  • The Parties agree to contemplate aircraft for the UK SAR-H project in the aforementioned limit of a total of ten (10) SAR provided the following conditions are fulfilled: • the Parties will come into a new specific Manufacturer’s Support for these helicopters; • A minimum of fifteen (15) non UK SAR-H helicopters, among Helicopters or Option Helicopters are committed.

  • Unless otherwise agreed to in writing by the parties hereto, if Customer does not execute an amendment to this Agreement to reflect the exercise of the option for the Option Helicopters on or before the Option Exercise Date, the option shall automatically terminate.

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 axis;

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

  • Nonambulatory means a person who immediately and without the aid of another is not physically and 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.

  • FPSO means a floating production, storage and offloading system used by the offshore oil and gas industry for the production or processing of hydrocarbons and for storage of hydrocarbons. FSOs and FLNGs are included within this definition. The determination as to whether a particular property constitutes an FPSO shall be at the sole determination of the Underwriter.

  • Ambulatory means the condition of a person who immediately and without aid of another is physically or mentally capable of traveling a normal path to safety, including the ascent and descent of stairs.

  • Rural area means any county with a population of fewer than twenty thousand individuals. "Small business concern," as used in this clause, means a concern, including its affiliates, that is

  • Vessel means the vessel/craft belonging to the Contractor for carrying out the work.

  • aeroplane means a power-driven heavier-than-air aircraft, deriving its lift in flight chiefly from aerodynamic reactions on surfaces which remain fixed under given conditions of flight;

  • Delivery Site means 250 West 70th Avenue, Vancouver, B.C., V5X 2X1, unless otherwise stated in this ITT;

  • Air ambulance means any aircraft specifically constructed, modified, or equipped and used for the primary purpose of responding to emergency calls and transporting critically ill or injured patients whose medical flight crew has at a minimum two attendants certified or licensed in advanced life support.

  • Constructor means a Principal Participant or subcontractor retained by the Design-Builder, who is involved in the actual construction of the Project.

  • Transportation Services means travel assistance given to an individual

  • South Caucasus/Central and South Asian (SC/CASA) state means Armenia, Azerbaijan, Georgia, Kazakhstan, Kyrgyzstan, Pakistan, Tajikistan, Turkmenistan, or Uzbekistan.

  • Shipyard means a facility capable of performing overhaul, repair, and maintenance work on covered vessels.

  • Transportation network company means a company or organization facilitating and/or providing transportation services using a computer or digital application or platform to connect or match passengers with drivers for compensation or a fee.

  • LNG means liquefied natural gas.

  • Flight means any flight demonstration, flight test, taxi test, or other flight made in the performance of this contract, of for the purpose of safeguarding the aircraft, or previously approved in writing by the Contracting Officer.

  • Dock means a fixed or floating structure extending from land out over water, including access walkways, terminal platforms, catwalks, mooring pilings, lifts, davits, and other associated water-dependent structures, used for mooring and accessing vessels.

  • Design Services means architect services, engineer services or landscape architect services.

  • Municipal separate storm sewer system means a conveyance or system of conveyances including roads with drainage systems, municipal streets, catch basins, curbs, gutters, ditches, manmade channels, or storm drains.

  • Construction Services means either of the following for construction-manager-at-risk, design-build and job-order-contracting project delivery methods:

  • Waterbody means any accumulation of water, surface or underground, natural or artificial, including rivers, streams, creeks, ditches, swales, lakes, ponds, marshes, wetlands, and ground water. The term does not include any storage or treatment structures.

  • Ambulance service means an entity, its personnel and equipment including, but not limited to, automobiles, airplanes, boats or helicopters, which are licensed to provide Emergency medical and Ambulance services in the state in which the services are rendered.

  • Nursing assistant means a nursing assistant as defined under RCW 18.88A.020 or successor laws.