Obligation to Substitute Obsolete Spare Parts. In the event that, prior to delivery of the first Aircraft, any Spare Part purchased by Buyer from BXXX is rendered obsolete or unusable due to the redesign of the Aircraft or of any accessory, equipment or part thereto (other than a redesign at Buyer's request), BXXX shall deliver to Buyer new and usable Spare Parts in substitution for such obsolete or unusable Spare Parts upon return of such Spare Parts to BXXX by Buyer. BXXX shall credit Buyer's account with the price paid by Buyer for any such obsolete or unusable Spare Part and shall invoice Buyer for the purchase price of any such substitute Spare Part delivered to Buyer.
Appears in 3 contracts
Samples: Letter Agreement (Atlantic Coast Airlines Inc), Purchase Agreement (Atlantic Coast Airlines Inc), Letter Agreement (Atlantic Coast Airlines Inc)
Obligation to Substitute Obsolete Spare Parts. In the event that, prior to delivery of the first Aircraft, any Spare Part purchased by Buyer from BXXX XXXX is rendered obsolete or unusable due to the redesign of the Aircraft or of any accessory, equipment or part thereto (other than a redesign at Buyer's request), BXXX XXXX shall deliver to Buyer new and usable Spare Parts in substitution for such obsolete or unusable Spare Parts upon return of such Spare Parts to BXXX XXXX by Buyer. BXXX XXXX shall credit Buyer's account with XXXX with the price paid by Buyer for any such obsolete or unusable Spare Part and shall invoice Buyer for the purchase price of any such substitute Spare Part delivered to Buyer.
Appears in 3 contracts
Samples: Letter Agreement (Midway Airlines Corp), Letter Agreement (Alaska Air Group Inc), Letter Agreement (Midway Airlines Corp)
Obligation to Substitute Obsolete Spare Parts. In the event that, prior to delivery of the first Aircraft, any Spare Part purchased by Buyer from BXXX XXXX is rendered obsolete or unusable due to the redesign of the Aircraft or of any accessory, equipment or part thereto (other than a redesign at Buyer's request), BXXX XXXX shall deliver to Buyer new and usable Spare Parts in substitution for such obsolete or unusable Spare Parts upon return of such Spare Parts to BXXX XXXX by Buyer. BXXX XXXX shall credit Buyer's account with the price paid by Buyer for any such obsolete or unusable Spare Part and shall invoice Buyer for the purchase price of any such substitute Spare Part delivered to Buyer.. 2.8.2
Appears in 1 contract
Samples: Letter Agreement (Atlantic Coast Airlines Holdings Inc)
Obligation to Substitute Obsolete Spare Parts. In the event that, prior to delivery of the first Aircraft, any Spare Part purchased by Buyer from BXXX is BRAD xx rendered obsolete or unusable due to the redesign of the Aircraft or of any accessory, equipment or part thereto (other than a redesign at Buyer's request), BXXX shall BRAD xxxll deliver to Buyer new and usable Spare Parts in substitution for such obsolete or unusable Spare Parts upon return of such Spare Parts to BXXX by BRAD xx Buyer. BXXX shall BRAD xxxll credit Buyer's account with BRAD xxxh the price paid by Buyer for any such obsolete or unusable Spare Part and shall invoice Buyer for the purchase price of any such substitute Spare Part delivered to Buyer.
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