Fly-Away-Factory Condition definition

Fly-Away-Factory Condition with respect to any Aircraft, that such Aircraft is or was accepted by Borrower from the Manufacturer on the Delivery Date as new and in compliance with the Purchase Agreement, subject to unsatisfied delivery discrepancies that Manufacturer agrees or agreed to remedy.
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Examples of Fly-Away-Factory Condition in a sentence

  • The Manufacturer shall have delivered the Aircraft under the Purchase Agreement and the purchaser or its assignee under the Purchase Agreement shall have unconditionally and irrevocably accepted the Aircraft in Fly-Away-Factory Condition.

  • Each Aircraft shall have been delivered by the Manufacturer in Fly-Away-Factory Condition on the date indicated on Schedule II, subject to the terms of the Purchase Agreement.

  • The Airframe Manufacturer shall have delivered the Aircraft under the Purchase Agreement, the Aircraft shall have been unconditionally and irrevocably accepted by or on behalf of the purchaser or its assignee under the Purchase Agreement in Fly-Away-Factory Condition, and copies of the acceptance certificate shall have been furnished to each Participant.