Airframer definition
Examples of Airframer in a sentence
Avianca has entered into an Agreement with Airframer for the purchase of new Rolls-Royce Engine powered Aircraft.
Notwithstanding previous agreements with Airframer, the price of Engines delivered directly to Airframer from CFM for installation on the firm Aircraft shall be subject to escalation from January, 2014 to the month of each applicable Engine delivery, in accordance with Attachment D and subject to the Escalation Cap.
In such event, the escalation cap shall continue on the Engines and Special Allowances until the Engines are delivered to the Airframer.
Each per Aircraft Allowance will be earned by Airline upon delivery of each shipset of Engines to Airframer, (consistent with the Aircraft Delivery Schedule) payable in each case by wire transfer to Airline as soon as possible, but in any event within ***** following receipt of written notice from Airline that it has taken delivery of each Aircraft in accordance with its purchase agreement with Airframer.
However, in the event the price adjustment due to escalation as calculated under Attachment D is greater than [*****] in any twelve (12) month period, then the price adjustment due to escalation will be an amount equal to the value calculated above, [*****] of each such difference between actual escalation and [*****] will be added to the above through the date of Engine delivery to the Airframer.
Such per Aircraft allowance is stated in January 2010 US Dollars (CPI=*****), and shall be subject to adjustment for escalation to the date of delivery of each shipset of Engines to Airframer in accordance with the escalation formula set forth in Attachment D and further by paragraph 2.C hereto.
CFM will provide Airline with a per aircraft allowance for each such Aircraft in the amount of ***** Such per Aircraft allowance is stated in January 2010 US Dollars (CPI=*****), and shall be subject to adjustment for escalation to the date of delivery of each shipset of Engines to Airframer in accordance with the escalation formula set forth in Attachment D hereto, and further by Paragraph 2.C below.
Each Spare Engine Allowance will be earned by Airline upon delivery of each Aircraft to Airline, and will be provided to Airframer for the benefit of Airline on the delivery date of the Aircraft to be applied as a reduction in the final Aircraft price.
The schedule of spare Engines has been predicated upon the purchase by Operator of the Firm Aircraft; the schedule is subject to all of Operator's rights and remedies under its contract with Airframer for the purchase of Aircraft.
Attachment D is greater than [*****] annual escalation then the price adjustment due to escalation will be an amount equal to [*****] per annum on a cumulative basis from January 2014 through the date of Engine delivery to Airframer.