Common use of Parts Buy-Back Clause in Contracts

Parts Buy-Back. Within the first [*****] after delivery of the [*****] aircraft to Airline, GE-LLC will agree (i) to repurchase at the invoiced price, any initially provisioned spare Parts purchased from GE-LLC which GE-LLC recommended that Airline purchase, in the event Airline finds such Parts to be surplus to Airline’s needs; or (ii) to exchange with Airline the equivalent value thereof in other spare Parts. Such Parts must be new and unused, in original GE packaging, and shall meet GE inspection requirements. Parts which become surplus to Airline’s needs by reason of Airline’s decision to upgrade or dispose of Products are excluded from this provision unless such upgrade was done at GE’s suggestion to address the reliability of Parts already purchased by Airline. Shipping costs for Parts returned will be [*****].

Parts Buy-Back. Within the first [*****] after delivery of the [*****] first aircraft to Airline, GE-LLC will agree (i) to repurchase at the invoiced price, any initially provisioned spare Parts purchased from GE-LLC which GE-LLC recommended that Airline purchase, in the event Airline finds such Parts to be surplus to Airline’s needs; or (ii) to exchange with Airline the equivalent value thereof in other spare Parts. Such Parts must be new and unused, in original GE packaging, and shall meet GE inspection requirements. Parts which become surplus to Airline’s needs by reason of Airline’s decision to upgrade or dispose of Products are excluded from this provision unless provision. Airline will deliver such upgrade was done at Parts DDP (Incoterms 2010, whereby Airline acts as “Seller” and GE as “Buyer”), to GE or GE-LLC’s suggestion to address facility in the reliability of Parts already purchased by Airline. Shipping United States, and GE shall reimburse Airline the reasonable shipping costs incurred for Parts the returned will be [*****]Parts.

Parts Buy-Back. Within the first [*****] after delivery of the [*****] aircraft to Airline, GE-LLC will agree (i) to repurchase at the invoiced price, any initially provisioned spare Parts purchased from GE-LLC which GE-LLC recommended that Airline purchase, in the event Airline finds such Parts to be surplus to Airline’s needs; or (ii) to exchange with Airline the equivalent value thereof in other spare Parts. Such Parts must be new and unused, in original GE packaging, and shall meet GE inspection requirements. Parts which become surplus to Airline’s needs by reason of Airline’s decision to upgrade or dispose of Products are excluded from this provision unless such upgrade was done at GE’s suggestion to address the reliability of Parts already purchased by Airlineprovision. Shipping costs for Parts returned will be [*****].

Parts Buy-Back. Within the first [*****] * after delivery of the [*****] first aircraft to Airline, GE-LLC will agree (i) to repurchase at the invoiced price, any initially provisioned spare Spare Parts purchased from GE-LLC which GE-LLC recommended that Airline purchase, in the event Airline finds such Parts are found to be surplus to Airline’s 's needs; or (ii) to exchange with Airline the equivalent value thereof in other spare Spare Parts. Such Parts must be new and unused, in original GE packaging, and shall meet GE inspection Inspection requirements. Parts which become surplus to Airline’s 's needs by reason of Airline’s 's decision to upgrade or dispose of Products are excluded from this provision unless such upgrade was done at GE’s suggestion to address the reliability of Parts already purchased by Airlineprovision. Shipping costs for Parts returned will be [*****]paid by Airline.