Pre-Delivery Payments definition
Pre-Delivery Payments means, in respect of each Aircraft, the amounts paid or payable by the Buyer under the Assigned Purchase Agreement (such payments being the pre-delivery payments paid or payable under the Purchase Agreement, as assigned to the Buyer) on specified dates, each as more particularly set out (i) in the case of the A320neo Aircraft, in column 2 of Part A of Schedule 1 and (ii) in the case of the A321neo Aircraft, in column 2 of Part B of Schedule 1 and Pre-Delivery Payment means any one (1) such payment.
Pre-Delivery Payments means progress payments or deposits made by or on behalf of Holdings or any of its direct or indirect Subsidiaries to an aircraft manufacturer or seller for the purchase of an Aircraft.
Examples of Pre-Delivery Payments in a sentence
If, following any application of Pre-Delivery Payments for a Step-In Aircraft in accordance with the provisions of Clause 7.4(g), [***] (the amount to be reimbursed being the PDP Reimbursement Amount), the Financier, the Guarantor, the Original Buyer and the Buyer hereby jointly and severally undertake in favour of Airbus to reimburse to Airbus an amount equal to the PDP Reimbursement Amount upon the first written demand of Airbus.