Common use of Model Substitution Clause in Contracts

Model Substitution. Should Buyer elect to change an option Aircraft model type pursuant to paragraph 4 herein and substitute from a Model 737-400 to a Current Generation or New Generation Aircraft, the applicable basic credit memorandum and amount as designated above would apply against [Confidential Treatment Requested].

Appears in 2 contracts

Sources: Purchase Agreement (Alaska Air Group Inc), Purchase Agreement (Alaska Airlines Inc)