Common use of New Engine Option Clause in Contracts

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.