Common use of Spare Engines Clause in Contracts

Spare Engines. Spare Engine prices will be as set forth in the applicable Letter Agreement to this Agreement, subject to escalation using the appropriate CFM Engine escalation provisions then in effect as provided in such Letter Agreement. The appropriate CFM escalation provisions will be set forth in each applicable Letter Agreement to this Agreement. If CFM is late in delivering a Spare Engine (whether or not due to Excusable Delay), the Spare Engine price shall not escalate beyond the originally scheduled delivery date.