Option Aircraft definition

Option Aircraft shall be the additional Aircraft that Buyer shall have the option to purchase as per the terms of Article 21.

Option Aircraft means all exercised Aircraft options as listed in Table 1-B of the 767 Purchase Agreement.

Option Aircraft means one or more, as the context so requires of the ten (10) ATR 72-600 aircraft that Buyer has the option to acquire in accordance with the terms of Appendix N (Option Aircraft) and as more particularly described in Appendix A (Specification).

Examples of Option Aircraft in a sentence

• Changes to the Detail Specification pursuant to the provisions of the clauses above shall include the effects of such changes upon Option Aircraft weight, balance, design and performance.

• Except as otherwise specifically provided, limited or excluded herein, all Option Aircraft that are added to the Agreement by an Option Aircraft Supplemental Agreement as firm Aircraft shall benefit from all the applicable terms, conditions and provisions of the Agreement.

• An estimate of the total price for items of Buyer Furnished Equipment (BFE) changed to Seller Purchased Equipment (SPE) pursuant to the Detail Specification is included in the Option Aircraft price build-up.

• The purchase price of the Option Aircraft will be adjusted by the price charged to Boeing for such items plus 10% of such price.

• Boeing may adjust the basic price and the advance payment base prices for any changes mutually agreed upon by Buyer and Boeing subsequent to the date that Buyer and Boeing enter into the Option Aircraft Supplemental Agreement.

More Definitions of Option Aircraft

Option Aircraft shall have the meaning specified in Article 2.a hereof.

Option Aircraft shall be the additional EMBRAER-170 LR aircraft that Buyer shall have the option to purchase as per the terms of Article 23.

Option Aircraft shall have the meaning provided in the second Whereas clause;

Option Aircraft means the aircraft which may be purchased [***] by Customer at its option pursuant to Article 2.1 below, with the same model and type as the “Aircraft” contemplated in the APA.[***][***][***]

Option Aircraft has the meaning ascribed to it in Schedule C-1.

Option Aircraft shall have the meaning assigned to such term in Article 22.

Option Aircraft shall be the EMB-145 Aircraft that Buyer shall have the option to purchase as per the terms of Article 21 hereof.