AMENDMENT No. 3 TO THE A320 FAMILY PURCHASE AGREEMENT BETWEEN ATLANTIC AIRCRAFT HOLDING LIMITED AND AIRBUS INDUSTRIE
Exhibit 10.5.3
AMENDMENT No. 3
TO THE A320 FAMILY PURCHASE AGREEMENT
BETWEEN
ATLANTIC AIRCRAFT HOLDING LIMITED
AND
AIRBUS INDUSTRIE
AI/CC-C N° 337.0058/99
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AMENDMENT N°3
This Amendment N° 3 to the A320 Family Purchase Agreement signed on the 19th day of March 1998 is made on the 29 th day of December 1999
BETWEEN
AIRBUS INDUSTRIE, having its principal office at:
1 Rond-Point Xxxxxxx Xxxxxxxx
3 1 7 0 7 B L A G N A C - C E D E X
F R A N C E
(hereinafter referred to as the “Seller”) of the one part
AND
ATLANTIC AIRCRAFT HOLDING LIMITED, having its principal office at:
Bolam House
King and Xxxxxx Streets
N A S S A U
B A H A M A S
(hereinafter referred to as the “Buyer”) of the other part.
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WHEREAS
| A - | The Seller is a “Groupement d’Intérêt Economique” created and existing under French Law and established under Ordonnance N° 67-821 dated September 23, 1967 of the Republic of FRANCE. | |
| B - | The Members of the Seller are: | |
| (1) | AEROSPATIALE-MATRA, S.A. |
whose principal office is at:
00, Xxxxxxxxx Xxxxxxxxxxx
00000 XXXXX
XXXXXX,
| (2) | DAIMLER-CHRYSLER AEROSPACE AIRBUS GmbH, |
whose principal office is at:
Kreetslag 10
Xxxxxxxx 00 00 00
00000 - XXXXXXX
XXXXXXX XXXXXXXX OF GERMANY,
| (3) | CONSTRUCCIONES AERONAUTICAS S.A., |
whose principal office is at:
Xxxxxxx xx Xxxxxx, 000
00000 XXXXXX
XXXXX
and
| (4) | BRITISH AEROSPACE (OPERATIONS) LTD, |
whose principal office is at:
Warwick House
P.O. Box 87
Farnborough Aerospace Centre
Farnborough
Hants GU14 6YU
GREAT BRITAIN.
| C - | Each of the Members of the Seller is (after service on the Seller by “huissier”, of notice to perform) jointly and severally liable with the other Members (but not with the Seller) for all due and unperformed liabilities and obligations of the Seller (subject to any defences which may be available to the Seller or to that Member personally or to all the Members together). | |
| D - | The Buyer and the Seller have signed a Purchase Agreement dated March 19th, 1998 covering the purchase by the Buyer and the sale by the Seller of thirty two (32) A320 Family Aircraft N° 1 to N° 32. | |
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| E - | The Buyer and the Seller have signed an Amendment N° 1 dated September 9th, 1998 covering the [*] Firm A319-100 Aircraft (on December 1999 and January 2000). | |
| F - | The Buyer and the Seller have signed an Amendment N° 2 dated of even date herewith covering the [*] A320-200 Aircraft [*]and the [*]. | |
| G - | [*] | |
| H - | Now the Buyer and the Seller agree to modify the Aircraft delivery dates as hereafter described | |
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NOW THEREFORE IT IS AGREED AS FOLLOWS :
| 1. | DEFINITIONS |
Words defined herein shall have the meaning ascribed to them in the A320 Family Purchase Agreement or, as the case may be, in the Framework Agreement
| 2. | SCOPE |
The scope of this Amendment N°3 is to refer and to amend certain provisions of the A320 Family Purchase Agreement and its Letter Agreement N°1, in order to reflect the decision of the Buyer and the Seller to [*]
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| 3. | APPLICATION OF THE “Basic Adjustment” |
Paragraph 1 of the Letter Agreement N [*] is hereby cancelled and replaced by Sub-Article 9.1 hereof for up to a maximum [*] (A319 or A320 irrespectively) to [*] by the Seller to the Buyer commencing in September 2000. The number of Aircraft subject to the provisions of this Amendment No.3 is subject to the provisions of [*].
QUOTE
| 1. | [*] |
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| 4. | [*] |
[*]
| 5. | ISSUANCE OF THE [*] |
The issuance by the Seller of the [*].
The use by the Buyer of [*] is defined in the paragraph [*]
| 6. | MISCELLANEOUS |
It is understood that all terms and conditions of the A320-200 Family Purchase Agreement including its Exhibits and Letter Agreements (and in particular the Letter Agreement N[*]”) shall apply to this Amendment N°3 if not otherwise agreed upon in the Amendment N°3.
In case of any inconsistency between this Amendment N ° 3 and the A320 Family Purchase Agreement, this Amendment N°3 shall prevail, except as expressly amended by this Amendment N°3, the A320 Family Purchase Agreement as amended to date, remaining in full force and effect with such additional amendment as set forth in Amendment N°3.
This Amendment N°3 and its Letter Agreements and appendix together with the Agreement, its Exhibits and Letter Agreements contain the entire agreement between the parties and supersede any previous understandings, commitments and/or representations whatsoever oral and written.
This Amendment N°3 executed in two original English copies shall not be varied or modified except by an instrument in writing executed by both parties or by their duly authorized representatives.
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IN WITNESS WHEREOF, this Amendment N°3 was entered into the day and year first above written.
| For on behalf of, | For and on behalf of, | |||||||
| ATLANTIC AIRCRAFT HOLDING LIMITED | AIRBUS INDUSTRIE | |||||||
| By: | By: | |||||||
| Its: | Its: | |||||||
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