PREDELIVERY PAYMENTS Sample Clauses
The Predelivery Payments clause outlines the buyer's obligation to make payments to the seller before the delivery of goods or completion of services. Typically, this clause specifies the timing, amounts, and conditions under which these advance payments must be made, such as upon signing the contract or reaching certain project milestones. By establishing clear terms for upfront payments, the clause ensures the seller receives necessary funds to commence or continue work, thereby reducing financial risk and facilitating smooth project progress.
PREDELIVERY PAYMENTS. 6.2.1 Predelivery Payments shall be paid by the Buyer to the Seller for each Aircraft and will, in the aggregate, amount to (i) [***] of the Predelivery Payment Reference Price defined in Subclause 6.2.4 below for each of the Firm Aircraft and (ii) [***] of the Predelivery Payment Reference Price defined in Subclause 6.2.4 below for each of the Option Aircraft.
6.2.2 Predelivery Payments for each of the Firm Aircraft shall be paid according to the following schedule: Percentage of Predelivery Payment Reference Price --------------- - first payment, received on signature of the LOI [***] - second payment, no later than [***] [***] - third payment, no later than [***] [***] - fourth payment, no later than [***] [***] - fifth payment, 18 months prior to delivery [***] - sixth payment, 15 months prior to delivery [***] - seventh payment, 12 months prior to delivery [***] - eighth payment, 6 months prior to delivery [***] - ninth payment, 3 months prior to delivery [***] TOTAL PAYMENT PRIOR TO DELIVERY [***] The balance of the Final Contract Price shall be paid to the Seller at delivery of each of the Firm Aircraft.
6.2.3 Predelivery Payments for each of the Option Aircraft shall be paid according to the following schedule: Percentage of Predelivery Payment Reference Price (or USD) - first payment, received on signature of the LOI [***] - second payment, no later than [***] [***] - third payment, no later than [***] [***] - fourth payment, upon Option Aircraft exercise but not later than 24 months prior to delivery [***] - fifth payment, 18 months prior to delivery [***] - sixth payment, 15 months prior to delivery [***] - seventh payment, 12 months prior to delivery [***] - eighth payment, 6 months prior to delivery [***] - ninth payment, 3 months prior to delivery [***] TOTAL PAYMENT PRIOR TO DELIVERY [***]
PREDELIVERY PAYMENTS. Any and all Predelivery Payments that the Buyer has paid to the Seller and which would no longer be due as a result of the amendments described herein will be [***].
PREDELIVERY PAYMENTS. Predelivery Payments for each Additional [CONFIDENTIAL PORTION OMITTED AND FILED SEPARATELY WITH THE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT] Option Aircraft will be paid according to the following schedule: Except as set forth herein, Clause 5.3 of the Agreement will apply to [CONFIDENTIAL PORTION OMITTED AND FILED SEPARATELY WITH THE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT]
PREDELIVERY PAYMENTS. 5.3.1 The Buyer shall pay Predelivery Payments to the Seller calculated on the predelivery payment reference price of each Aircraft, The predelivery payment reference price is determined by the following formula: ***
5.3.5 Clause 5 - Page 2/5
PREDELIVERY PAYMENTS. 5.3.1 Predelivery Payments are nonrefundable (although amounts equal to Predelivery Payments may be paid to the Buyer pursuant to Clause 10 or 11) and will be paid by the Buyer to the Seller for the Aircraft.
PREDELIVERY PAYMENTS. 5.3.1 This information is subject to confidential treatment and has been omitted and filed separately with the Commission. CC – C 337.0045/07 Page 16/92
5.3.4 This information is subject to confidential treatment and has been omitted and filed separately with the Commission.
PREDELIVERY PAYMENTS. The Buyer will make all Predelivery Payments with respect to the Amendment No. 8 Converted Aircraft pursuant to clause 5 of the Agreement, as amended by Letter Agreement No. 2 to the Agreement. Any Predelivery Payments with respect to the Amendment No. 8 Converted Aircraft falling due prior to the date hereof by virtue of the changes set out in this Clause 2, should there be any, but not paid by the Buyer prior to the date hereof, shall be paid within five (5) Business Days of the date of this Amendment No. 8. CT0903391 ***** Confidential portions of the material have been omitted and filed separately with the Securities and Exchange Commission.
PREDELIVERY PAYMENTS. Predelivery Payments for each Additional Option Aircraft will be paid according to the following schedule: CT1001520_LA4_AAL_A320Family_EXECUTION LA4 - 5 of 20 Payment Number Payment Date Fixed Amount per Option Aircraft [*CTR*] [*CTR*] [*CTR*] [*CTR*] [*CTR*] [*CTR*] [*CTR*] [*CTR*] [*CTR*] [*CTR*] [*CTR*] [*CTR*] [*CTR*] [*CTR*] [*CTR*] [*CTR*] [*CTR*] [*CTR*] [*CTR*] TOTAL PAYMENT PRIOR TO DELIVERY [*CTR*] Except as set forth herein, Clause 5.3 of the Agreement will apply to [*CTR*].
PREDELIVERY PAYMENTS. The Buyer will make all Predelivery Payments with respect to the Amendment No. 16 Converted Aircraft pursuant to clause 5 of the Agreement, as amended by Letter Agreement No. 2 to the Agreement and Amendment No.
PREDELIVERY PAYMENTS. The parties acknowledge that Predelivery Payments received as of the Amendment Effective Date in respect of the A320 Group 3 Aircraft have been calculated using the IAE V2527-A5 Reference Price. If the Buyer selects the CFM56-5B4/3 powerplant, the Seller will retain excess Predelivery Payments, if any, and such excess will be applied against the next Predelivery Payment due for each A320 Group 3 Aircraft.