Examples of Purchased Aircraft in a sentence
Schedule E is hereby deleted and replaced in its entirety with the following: The following table, Table 1, illustrates (i) the Purchase Price of each Purchased Aircraft, (ii) the total price of all Aircraft, in addition to the total price of Spares and Equipment, Ferry Services and/or Training Services that have been purchased (via Schedules K through M, where applicable), under this Agreement.
In the event IAE is the sole cause of a delay in delivery of the Purchased Aircraft, the credit shall be escalated to the actual delivery date of the Purchased Aircraft.
As used in this Procedure, the capitalized terms and acronyms have the meaning set out (a) in Section II of the Procurement Policy and Section II of the Procurement Directive; or (b) below.
The Purchased Aircraft, Leased Aircraft, Option Aircraft and Rolling Option Aircraft are collectively referred to in this Side Letter # 1 as the “Aircraft”.
In the event any credit, or portion thereof, under this Clause 2 is assigned to the Aircraft Manufacturer, Spirit agrees that the credit shall not vest in the Aircraft Manufacturer until delivery to and acceptance by Spirit of the respective Purchased Aircraft.
Thereafter, [RLC] shall have Operational Control over such Purchased Aircraft and th[e TSA] shall not apply to such Purchased Aircraft.
In the event Airbus is the cause of a delay in delivery of the Purchased Aircraft (and such delay is not due to Spirit’s sole acts and omissions or request), and if Airbus escalates its payment to IAE for the corresponding IAE propulsion systems to the actual delivery date of the Purchased Aircraft, IAE’ s credit shall be escalated to the actual delivery date of the Purchased Aircraft.
Acceptance of this credit from IAE by the Aircraft Manufacturer on behalf of Spirit prior to delivery and acceptance of the corresponding Purchased Aircraft shall, for the purposes of this Contract, be deemed confirmation of Spirit’s acceptance of that Purchased Aircraft.
Price and Advance Payments Purchased Aircraft is added and is hereby made part of the Purchase Agreement.
Alternatively, with the agreement of the Aircraft Manufacturer and upon written notice to IAE ***** prior to delivery of each applicable Purchased Aircraft, IAE will consent to the assignment by Spirit of part or all of the credits offered under Clause 2.1 above to the Aircraft Manufacturer, to be applied toward the payment for the Propulsion Systems for the corresponding Purchased Aircraft.