Scheduled Aircraft Delivery definition
Examples of Scheduled Aircraft Delivery in a sentence
Subject to the terms of the Purchase Agreement, the Detail Specification may, by mutual agreement between Lessee and Lessor, be amended from time to time by change order or other written agreement, which shall set forth in detail the particular changes to design, performance, weight, balance, Scheduled Aircraft Delivery and Rent for the Aircraft and the other provisions of this Agreement.
If, due to Excusable Delays, delivery of the Aircraft is delayed for a period of more than six (6) months after the end of the calendar month in which delivery is otherwise required hereunder in accordance with the Scheduled Aircraft Delivery, either Lessor or Lessee may terminate this Lease by giving written notice to that effect to the other within ten (10) days after the expiration of such six-month period.
The Index values as defined in Clause 4 above shall be considered final and no further adjustment to the Airframe Basic Price as revised at the Scheduled Aircraft Delivery Month shall be made after Aircraft Delivery for any subsequent changes in the published Index values.
The Detail Specification also may be revised by Manufacturer without Lessee's consent to incorporate development changes if such changes do not affect Lessor's cost, or adversely affect the Scheduled Aircraft Delivery, guaranteed weight or guaranteed performance of the Aircraft or interchangeability or replaceability requirements under the Detail Specification.
The revised Reference Price at the Scheduled Aircraft Delivery Month shall not be subject to any further adjustments in the indices.
In the event that prior to delivery the Aircraft is, due to any cause, lost, destroyed or damaged beyond repair (and this Agreement has not been terminated in accordance with this Article 16), or is damaged to the extent that it cannot be repaired to new condition by replacement parts and delivered in accordance with the Scheduled Aircraft Delivery, the time reasonably required to furnish a replacement for the Aircraft or to accomplish such repairs shall be deemed an Excusable Delay.
Should the above escalation provisions become null and void by action of the US Government, the Reference Price shall be adjusted due to increases in the costs of labour, material and fuel which have occurred from the period represented by the applicable Reference Composite Price Index to the sixth (6th) month prior to the Scheduled Aircraft Delivery Month.
If, following notice of an anticipated delay under Article 16(b)(ii), this Lease is not terminated in accordance with the provisions of such Article, then the Scheduled Aircraft Delivery for the Aircraft otherwise required hereunder shall be extended by a period equal to the resulting delay.
Lessor agrees that it will not amend the Purchase Agreement if the amendment would have a materially adverse effect on the Aircraft or alter the Airbus Aircraft Specification or if it would affect the Scheduled Aircraft Delivery of the Aircraft, unless Lessee otherwise consents, which consent will not be unreasonably withheld.
If, following notice of delay or anticipated delay under Article 16.2, this Lease is not terminated in accordance with the provisions of such Article, then the Scheduled Aircraft Delivery for the Aircraft otherwise required hereunder shall be extended by a period equal to the resulting delay.