Common use of Configuration Changes Clause in Contracts

Configuration Changes. 5.3.1. Subject to 17.3, the Buyer shall have the right before each Delivery Date to modify the configuration of the Helicopters or the Option Helicopters under the following conditions: • all configuration changes must be communicated in writing to the Seller at least 18 months before the Delivery Date; and • such changes will consist of replacing the existing configuration as indicated in Annex 1 by another one to be agreed between the Parties; and • the corresponding Helicopter or Option Helicopter price will be modified accordingly as per Article 1.3.1.4.

Appears in 2 contracts

Sources: Contract for the Supply of Helicopters (Integra Leasing As), Contract for the Supply of Helicopters (Integra Leasing As)