Payment of Additional Advance Payments Clause Samples
The 'Payment of Additional Advance Payments' clause establishes the terms under which a party may request and receive extra advance payments beyond those initially agreed upon in a contract. Typically, this clause outlines the conditions that must be met for additional advances to be approved, such as demonstrating a need for extra funds due to unforeseen project costs or milestones. By specifying the process and criteria for obtaining further advances, the clause helps ensure that both parties have a clear understanding of when and how extra payments can be made, thereby reducing disputes and facilitating smoother project financing.
Payment of Additional Advance Payments. Within three (3) business days after execution of this Supplemental Agreement, Buyer shall transfer to Boeing's account at Chase Manhattan Bank, New York, N.Y., the sum of [CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT] as of the effective date of the Supplemental Agreement. The Agreement will be deemed to be supplemented to the extent herein provided as of the date hereof and as so supplemented will continue in full force and effect. EXECUTED IN DUPLICATE as of the day and year first above written. THE BOEING COMPANY CONTINENTAL AIRLINES, INC. By: /s/ M. Monica Fix By: /s/ Brian Davis ▇▇▇: Attorney-In-Fact ▇▇▇: ▇.P. PURCHASE AGREEMENT between THE BOEING COMPANY and CONTINENTAL AIRLINES, INC. Relating to Boeing Model 737 Aircraft Purchase Agreement Number 1951 TABLE OF CONTENTS Page SA Number Number ARTICLES
1. Subject Matter of Sale. . . .
. . . . . . 1 1 SA 1 2. Delivery, Title and Risk of Loss. . . . . 2-1
Payment of Additional Advance Payments. Within three (3) business days after execution of this Supplemental Agreement, Buyer shall transfer to Boeing's account at Chase Manhattan Bank, New York, N.Y., the sum of [CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT] and option deposits then due with respect to the Option Aircraft as of the effective date of the Supplemental Agreement. The Agreement will be deemed to be supplemented to the extent herein provided and as so supplemented will continue in full force and effect. EXECUTED IN DUPLICATE as of the day and year first above written. THE BOEING COMPANY CONTINENTAL AIRLINES, INC. By: /s/ M. Monica Fix By:/s/ Brian Davis ▇▇s: Attorney-In-Fact ▇▇▇: V.P. Fleet Management TABLE OF CONTENTS ARTICLES Page Rev. By ARTICLE 1. Subject Matter of Sale. . . . . . . 1-1 SA#8
Payment of Additional Advance Payments. Within three (3) business days after execution of this Supplemental Agreement, Buyer shall transfer to Boeing's account at Chase Manhattan Bank, New York, N.Y., the sum [CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT]. The Agreement will be deemed to be supplemented to the extent herein provided and as so supplemented will continue in full force and effect. EXECUTED IN DUPLICATE as of the day and year first above written. THE BOEING COMPANY CONTINENTAL AIRLINES, INC. By: /s/ John A. McGarvey By: /s/ Brian Davis ▇▇▇: ▇▇▇▇▇▇▇▇-In-Fact ▇▇▇: ▇▇▇e President PURCHASE AGREEMENT between THE BOEING COMPANY and CONTINENTAL AIRLINES, INC. Relating to Boeing Model 757-224 Aircraft Purchase Agreement Number 1783 TABLE OF CONTENTS ARTICLES Page Revised By ARTICLE 1. Subject Matter of Sale. . . . . . . 1-1 SA#11
Payment of Additional Advance Payments. Within three (3) business days after execution of this Supplemental Agreement, Buyer shall transfer to Boeing's account at Chase Manhattan Bank, New York, N.Y., the sum of [CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT], which sum represents advance payments then due with respect the changes to the Advanced Payment Base Price. The Purchase Agreement will be deemed to be supplemented to the extent herein provided as of the date hereof and as so supplemented will continue in full force and effect. EXECUTED IN DUPLICATE as of the day and year first written above. THE BOEING COMPANY CONTINENTAL AIRLINES, INC. By: /s/ J. A. McGarvey By: /s/ Brian Davis Its: ▇▇▇▇▇▇▇▇-▇▇-▇act Its: ▇▇▇▇ ▇▇▇▇▇dent________ TABLE OF CONTENTS ARTICLES Revised By:
1. Quantity, Model and Description
2. Delivery Schedule
3. Price
4. Payment
Payment of Additional Advance Payments. Within three (3) business days after execution of this Supplemental Agreement, Buyer shall transfer to Boeing's account at Chase Manhattan Bank, New York, N.Y., the sum of [CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT] which sum represents advance payments then due with respect to the [CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT] Option Aircraft being exercised and option deposits then due with respect to the [CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT] Option Aircraft as of the effective date of the Supplemental Agreement. The Agreement will be deemed to be supplemented to the extent herein provided and as so supplemented will continue in full force and effect. EXECUTED IN DUPLICATE as of the day and year first above written. THE BOEING COMPANY CONTINENTAL AIRLINES, INC. By: /s/ Gunar O. Clem By: /s/ Brian Davis ▇▇▇: ▇▇▇▇▇ney-In-Fact I▇▇: ▇▇▇▇ President TABLE OF CONTENTS ARTICLES Page Rev. By
ARTICLE 1. Subject Matter of Sale.............. 1-1 SA#8
ARTICLE 2. Delivery, Title and Risk of Loss... 2-1 SA#8