Common use of SLP Commitment Clause in Contracts

SLP Commitment. If a Failure is discovered in an SLP Component within the time periods prescribed in Article 1.2 below, Seller shall, at a price calculated pursuant to Article 2 of this Part 3, Correct such SLP Component.

Appears in 2 contracts

Sources: Aircraft Purchase Agreement (Skywest Inc), Aircraft Purchase Agreement (Skywest Inc)