Outright Price definition

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.
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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 AJWTE 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 AJWTE’s standard format, submitted by the Customer to AJWTE; “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 AJWTE and “Repaired” shall be understood accordingly; “Sale” means the Outright Sale of a Part by AJWTE to the Customer and “Sold” shall be understood accordingly; “Serviceable” means a part that meets all OEM and 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.
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Outright Price means the agreed price of an Exchange Unit if deemed BER or sold to APEX AERO LTD as an Outright Sale;
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Examples of Outright Price in a sentence

  • Such articles shall be subject to a restocking fee of the greater of 15% of the Outright Price or a minimum fee of $500.

  • In the event that the lost, stolen, damaged, or destroyed Article was shipped as part of the Agreement, the Customer shall be responsible for paying the Outright Price for the Article, and any Exchange Fee previously paid may be credited to the Customer's account at AP&S AVIATION’s sole discretion.

  • During such delayed delivery Magnetic MRO shall be entitled to convert Lease into Sale for Outright Price which shall be charged in addition to Lease Fees charged previously.

  • During such delayed delivery Magnetic shall be entitled to convert Lease into Sale for Outright Price which shall be charged in addition to Lease Fees charged previously.

  • If satisfactory paperwork is not or cannot be supplied to EAC by the agreed Outright Billing Date the unit will be rejected and returned to the Customer and the Outright Price, original Exchange Fee and all applicable late charges will be due.

  • Such delay in providing the Acceptable Documentation may cause the Customer to incur an Additional Exchange Fee and/or the Outright Price.

  • If an Off Unit is found to be BER, the Exchange Fee shall remain payable plus any Late Fees, AJW shall raise an invoice for the Outright Price, together with all workshop inspection charges plus a handling fee of 10% of the Repair cost and transport costs.

  • This may trigger a need to pay the Outright Price if appropriate documentation is not provided within the time period set forth for providing the Core.


More Definitions of Outright Price

Outright Price means the agreed price of an Exchange Unit or Loan Unit if the
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Related to Outright Price

  • Sale Price means the value as determined by the Administrator of the consideration payable, or otherwise to be received by stockholders, per share of Stock pursuant to a Sale Event.

  • Resale Price means the price at which Seller, acting in a commercially reasonable manner, sells or is paid for a Rejected Purchase, plus transaction and other administrative costs reasonably incurred by Seller in re-selling such Rejected Purchase; provided, however, that in no event shall Seller be required to utilize or change its utilization of the Facility or its other assets, contracts or market positions in order to minimize Buyer’s liability for such Rejected Purchase.

  • Wholesale price means the average price paid by a wholesaler to a manufacturer for a product distributed for retail sale. "Wholesale price" includes a deduction for any customary prompt payment discounts. [PL 2005, c. 401, Pt. A, §2 (NEW).]

  • VWAP Purchase Price means the lesser of (i) the Closing Sale Price on the VWAP Purchase Date; or (ii) ninety-seven percent (97%) of volume weighted average price for the Common Stock traded on the Principal Market during normal trading hours on (A) the VWAP Purchase Date if the aggregate shares traded on the Principal Market on the VWAP Purchase Date have not exceeded the VWAP Purchase Share Volume Maximum and the Sale Price of Common Stock has not fallen below the VWAP Minimum Price Threshold (to be appropriately adjusted for any reorganization, recapitalization, non-cash dividend, stock split, reverse stock split or other similar transaction), or (B) the portion of the VWAP Purchase Date until such time as the sooner to occur of (1) the time at which the aggregate shares traded on the Principal Market has exceeded the VWAP Purchase Share Volume Maximum, or (2) the time at which the Sale Price of Common Stock falls below the VWAP Minimum Price Threshold (to be appropriately adjusted for any reorganization, recapitalization, non-cash dividend, stock split, reverse stock split or other similar transaction).

  • price means an amount of money tendered for goods or services, and includes all applicable taxes less all unconditional discounts;