Inspection Facility definition
Examples of Inspection Facility in a sentence
The flat rate cost of the pre-purchase inspection (the “Pre-Purchase Inspection”), the scope of which shall be identified in Exhibit B, shall be at Buyer’s pre-paid expense, and shall commence upon arrival of the Aircraft at the Inspection Facility.
Seller, at its sole cost and expense, shall also cause the Inspection Facility to perform any modifications, additions of equipment, compliance of inspections and similar items (over and above the Pre-Purchase Inspection), which are required by the FAA for the purpose of importing the Aircraft and obtaining the Airworthiness Certificate.
Upon receipt of such notice, the parties shall consult with the Inspection Facility to determine whether the damage causes the Aircraft to deviate from the Required Condition or constitutes “major damage”.
If Buyer elects to purchase the Aircraft after it is repaired, Seller shall at its own cost and expense cause such damage to be repaired by the Inspection Facility as soon as reasonably practicable, and the Closing shall be delayed until all such repairs are completed in accordance with the recommendations and determinations of the Inspection Facility.
If the Aircraft is not in substantially the same condition as at the time of the Pre-Purchase Inspection (other than correction or repair of any identified airworthiness discrepancies) , it will be returned to the Inspection Facility for further repairs at Seller’s expense followed by another Test Flight.