New Engine Option Clause Samples
The New Engine Option clause grants one party the right to select or require the use of a newly developed or alternative engine model in a product or equipment. Typically, this clause outlines the conditions under which the new engine can be chosen, such as availability, compatibility, and any associated costs or adjustments to delivery schedules. Its core practical function is to provide flexibility for technological upgrades or regulatory compliance, ensuring that the parties can adapt to advancements or changes in engine technology without renegotiating the entire agreement.
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New Engine Option. 2.1.2.1 The Seller is currently developing a new engine option (the “New Engine Option” or “NEO”), applicable to the Aircraft. The specification of the NEO Aircraft shall be derived from the current Standard Specification and based on the new Propulsion Systems, as set forth in Clause 2.3 below, and Sharklets, combined with the required airframe structural adaptations, as well as Aircraft systems and software adaptations required to operate such NEO Aircraft. The foregoing is currently reflected in the Irrevocable SCNs listed in Appendix 1 to Exhibits A-1 and Appendix 1 to Exhibit A-2, the implementation of which is hereby irrevocably accepted by the Buyer.
2.1.2.2 The New Engine Option shall modify the design weights of the Standard Specification as follows: MLW ***** ***** MZFW ***** *****
New Engine Option. 2.1.2.1 The Seller is currently developing a new engine option (the “New Engine Option” or “NEO”), applicable to the A319/A320/A321 aircraft. The specification of the A319/A320/A321 NEO Aircraft shall be derived from the current A319/A320/A321 respective Standard Specifications and based on the new Propulsion Systems, as set forth in Clause 2.3 below, and Sharklets, as well as required airframe structural modifications and Aircraft systems and software adaptations required to operate such New Engine Option Aircraft. The foregoing is currently reflected in the Irrevocable SCNs listed in Exhibit B of this Amendment N°2, the implementation of which is hereby irrevocably accepted by the Buyer.
New Engine Option. The Seller is currently developing a new engine option (the "New Engine Option" or "NEO"), applicable to the A319/A321 aircraft. The specification of:
New Engine Option. 2.1.2.1 The Seller is currently developing a new engine option (the “New Engine Option” or “NEO”), applicable to the A319, A320 and A321 type aircraft. The specification of the A319, A320 and A321 NEO Aircraft shall be derived from the current A319, A320 and A321 respective Standard Specification(s) and based on the new Propulsion Systems, as set forth in Clause 2.3 below, and Sharklets, combined with the required airframe structural adaptations, as well as Aircraft systems and software adaptations required to operate such A320 NEO Family Aircraft. The foregoing is currently reflected in the Irrevocable SCNs listed in Appendix 1 to Exhibit A, the implementation of which is hereby irrevocably accepted by the Buyer.
2.1.2.2 The New Engine Option shall modify the design weights of the Standard Specification(s) as follows: ▇▇▇▇ [*] [*] [*] MLW [*](*) [*](*) [*](*) MZFW [*](*) [*](*) [*](*)
New Engine Option. 2.1.1.1 The Seller is currently developing a new engine option (the “New Engine Option” or “NEO”) that will be applicable to the A319-100, A320-200 and A321-200 model aircraft. The specification of the A320 Family NEO Aircraft will be derived from the relevant Standard Specification and will include (i) as applicable, the Propulsion Systems set forth in Clauses 2.3.4, 2.3.5 and 2.3.6 below, (ii) Sharklets, (iii) airframe structural adaptations, and (iv) Aircraft systems and software adaptations required to operate A320 Family NEO Aircraft. The foregoing is currently reflected in the Irrevocable SCNs, the implementation of which is hereby irrevocably accepted by the Buyer.
2.1.1.2 The Irrevocable SCNs include a modification to the design weights of the Standard Specifications as follows: It is agreed and understood that the above design weights may be updated upon final NEO specification freeze.
New Engine Option. Clause 2.1.1.1 of the Agreement is amended by replacing the words “Clauses 2.3.4, 2.3.5 and 2.3.6” with “Clauses 2.4.4, 2.4.5 and 2.4.6”.
New Engine Option. 2.1.2.1 Execution Version Avolon – A330neo Purchase Agreement, ref CLC-CT1404183
New Engine Option. The Seller is currently developing a new engine option (the “New Engine Option” or “NEO”), applicable to the A319-100 A320-200 and A321-200 type aircraft. The specifications of the A319 NEO, A320 NEO and A321 NEO shall be derived from the current A319-100, A320-200 and A321-200 respective Standard Specification(s) and based on the new NEO Propulsion Systems, as set forth in Clause 2.3 below, and Sharklets, combined with the required airframe structural adaptations, as well as Aircraft systems and software adaptations required to operate such NEO Aircraft. The foregoing is currently reflected in the ***** listed in Exhibit B2, the implementation of which is hereby irrevocably accepted by the Buyer. VOI A320 Family PA - AMDT 9 – Ref. D11032737 - December 2011 7/53 With respect to each NEO Aircraft type, the NEO Aircraft Standard Specification together with the Irrevocable SCNs for the New Engine Option and Sharklets and any other issued and applicable SCN shall be referred to as the NEO Aircraft Specification.
New Engine Option. 2.1.2.1 The Seller is currently developing a new engine option (the “New Engine Option” or “NEO”), applicable to the A319/A320/A321 aircraft. The specification of the A319/A320/A321 NEO Aircraft shall be derived from the current A319/A320/A321 respective Standard Specification(s) and based on the new Propulsion Systems, as set forth in Clause 2.3 below, and Sharklets, as well as required airframe structural modifications and Aircraft systems and software adaptations required to operate such New Engine Option Aircraft. The foregoing is currently reflected in the Irrevocable SCNs listed in Appendix 1 to Exhibit A, the implementation of which is hereby irrevocably accepted by the Buyer. Notwithstanding the foregoing, upon the freeze of the technical configuration applicable to the combination of the respective A319/A320/A321 Standard Specification(s) and the corresponding Irrevocable SCNs, the Seller shall issue respectively an A319-100N NEO Standard Specification Issue 1 (the “A319 NEO Standard Specification”), an A320-200N NEO Standard Specification Issue 1 (the “A320 NEO Standard Specification”) and an A321-200N NEO Standard Specification Issue 1 (the “A321 NEO Standard Specification”), which shall each automatically supersede the combination of the respective A319/A320/A321 Standard Specification(s) and the corresponding Irrevocable SCNs. The A319 NEO Aircraft, the A320 NEO Aircraft and the A321 NEO Aircraft shall be manufactured in accordance with each such Issue 1 of the A319 NEO Standard Specification, the A320 NEO Standard Specification and the A321 NEO Standard Specification, as applicable, as may already have been modified or varied at the date of this Agreement by the Specification Change Notices listed in Appendix 1 to Exhibit A.
New Engine Option. 2.1.1.1 The Seller is currently developing a new engine option (the “New Engine Option” or “NEO”) that will be applicable to the A319-100, A320-200 and A321-200 model aircraft. The specification of the A320 Family NEO Aircraft will be derived from the relevant Standard Specification and will include (i) as applicable, the Propulsion Systems set forth in Clauses 2.3.4, 2.3.5 and 2.3.6 below, (ii) Sharklets, (iii) airframe structural adaptations, and (iv) Aircraft systems and software adaptations required to operate A320 Family NEO Aircraft. The foregoing is currently reflected in the Irrevocable SCNs, the implementation of which is hereby irrevocably accepted by the Buyer.
2.1.1.2 The Irrevocable SCNs include a modification to the design weights of the Standard Specifications as follows: A319 NEO Aircraft [*CTR*] [*CTR*] [*CTR*] A320 NEO Aircraft [*CTR*] [*CTR*] [*CTR*] A321 NEO Aircraft [*CTR*] [*CTR*] [*CTR*] It is agreed and understood that the above design weights may be updated upon final NEO specification freeze.