Accelerated ERF Purchase Sample Clauses

Accelerated ERF Purchase. Subject to the terms and conditions set forth in this Agreement (including, without limitation, the satisfaction of the conditions precedent set forth in Section 10.04), with respect to any Accelerated ERF Aircraft, upon either (which shall be selected by the applicable Seller in a Notice of Transfer provided by such applicable Seller to the applicable Purchaser at least three (3) Business Days prior to the applicable Closing Date) (i) the entering into of the Boeing Freighter Purchase Agreement Assignment with respect to such Accelerated ERF Aircraft (except in the case of the Aircraft with manufacturer’s serial number 35233) or (ii) the Transfer to the applicable Purchaser of 100% of the Membership Interests in GAP 21 (or in the case of the Aircraft with manufacturer’s serial number 35233, GAP 22) in accordance with Section 3.08, in lieu of purchasing such Aircraft (or the related Transferred Entity) in accordance with Section 2.01(a) or (b), the applicable Purchaser shall pay to the applicable Seller the Accelerated ERF Purchase Price in respect of such Accelerated ERF Aircraft.