Common use of FINANCING TERM Clause in Contracts

FINANCING TERM. NWA may elect that each A319 Long-Term Credit may extend for any term up to a maximum of *** commencing upon delivery of the relevant Aircraft. Amortisation of the principal balance of each A319 Long-Term Credit will be on the basis of a ***. An A319 Long-Term Credit pursuant to Sub-paragraph 4.1 (ii) utilised in a ***.

Appears in 2 contracts

Sources: Purchase Agreement (Northwest Airlines Corp), Purchase Agreement (Northwest Airlines Corp)