Exchange Unit means a Serviceable part that is supplied to the Customer by DAI in exchange for an Off Unit from the Customer; “Late Fees” means the fees payable in accordance with the provisions of Clause 3.6; “Loan” means the loan of a Part from DAI to the Customer on the terms specified in a loan Order and these Standard Terms; “Loan Fee” means the fee for the Loan as specified in the Loan Order; “Loan Term” means the period of a loan described in the relevant Loan Order; “Loan Unit” means the part of the aircraft which is supplied by DAI to the Customer on Loan; “Off Unit” means a part removed from an aircraft in need of repair and/or overhaul which has been or is to be replaced by the Exchange Unit; “Off Unit Return Time” means the time to return the Off Unit as specified in the Exchange Order; “Outright Price” means the agreed price of an Exchange Unit or Loan Unit if deemed BER or sold to DAI as an Outright Sale; “Outright Sale” means the outright sale of an Exchange Unit or Loan Unit by DAI to the Customer at the price specified in the corresponding quote, Exchange Agreement or Loan Agreement; “Order” means (i) any order submitted by the Customer for a Sale and/ or Repair or (ii) a loan or exchange order, in DAI’s standard format, submitted by the Customer to DAI; “Parts” means any aircraft component parts specified in an Order; “Repair” means any repair, overhaul, inspection, modification and/ or testing arranged by DAI on behalf of the Customer and “Repaired” shall be understood accordingly; “Sale” means the outright sale of a Part by DAI to the Customer and “Sold” shall be understood accordingly; “Serviceable” means a part that meets all OEM and aviation authority specified standards for airworthiness, including in relation to its storage, and has no known defects, which would render it unfit for service; “Units” means, together, Exchange Units and Off Units; “Unserviceable” means not Serviceable.
Exchange Unit means any form of benefit granted to a consumer that has an exchange value within the meaning of a loyalty program.
Exchange Unit means a unit of measurement in which a relevant Exchange Quotation is made of the subject class of futures contract;
Examples of Exchange Unit in a sentence
If the Off Unit is returned to AJW with release documentation that is not in compliance with Clause 8.3 of these Standard Terms or otherwise not of the standard and level of completeness of that of the Exchange Unit supplied, AJW reserves the right to keep the Exchange transaction open and charge Late Fees together with any other re-certification/overhaul charges which remain chargeable plus a handling fee of 10% of the repair cost or convert the Exchange transaction to an Outright Sale.
If, in order to satisfy the Customer’s Exchange Order or Loan Order, AJW has been required to order the Exchange Unit or Loan Unit from a third party supplier, and the Customer wishes to cancel the Exchange Order or Loan Order prior to dispatch of the Exchange Unit or Loan Unit, the Customer shall notify AJW in writing.
AJW reserves the right to charge the Exchange Fees if the Exchange Unit is returned unused.
AJW reserves the right to recharge the Customer for restocking fees incurred in obtaining the Exchange Unit or Loan Unit from a third party supplier.
More Definitions of Exchange Unit
Exchange Unit means any equipment, component, or accessory ordered by the Purchaser and supplied, as an exchange, by the Supplier pursuant to these Terms.
Exchange Unit or “Original Exchange Unit”) in return for Customer’s part (“Core”) and exchange fees plus all recertification costs and surcharges incurred by Hawk as of the date written above, as set below.
Exchange Unit means aircraft engines, components, parts and
Exchange Unit means one student studying at the host institution for one semester. Along the same lines, one student studying for two (2) semesters is regarded as two (2) “exchange units”.
Exchange Unit means a Serviceable part that is supplied to the Customer by AJWTE in exchange for an Off Unit from the Customer; “Late Fees” means the fees payable in accordance with the provisions of Clause 3.7; “Loan” means the loan of a Part from AJWTE to the Customer on the terms specified in a loan Order and these Standard Terms; “Loan Fee” means the fee for the Loan as specified in the Loan Order; “Loan Term” means the period of a loan described in the relevant Loan Order; “Loan Unit” means the part of the aircraft which is supplied by AJWTE to the Customer on Loan; “Off Unit” means a part removed from an aircraft in need of Repair and/or overhaul which either (i) has been or is to be replaced by the Exchange Unit, or (ii) has been sent directly to AJWTE for Repair management; “Off Unit Return Time” means the time to return the Off Unit as specified in the Exchange Order; “Outright Price” means the agreed price of an Exchange Unit or Loan Unit if the Off Unit is deemed BER or sold to Customer as an Outright Sale; “Outright Sale” means the outright sale of an Exchange Unit or Loan Unit by AJWTE to the Customer at the price specified in the corresponding quote, Exchange Agreement or Loan Agreement; “Order” means (i) any order submitted by the Customer for a Sale and/ or Repair or (ii) a loan or exchange order, in AJWTE’s standard format, submitted by the Customer to AJWTE; “Parts” means any aircraft component parts specified in an Order; “Repair” means any Unserviceable Off Unit that requires repair, overhaul, inspection, modification and/ or testing arranged by AJWTE and “Repaired” shall be understood accordingly; “Sale” means the Outright Sale of a Part by AJWTE to the Customer and “Sold” shall be understood accordingly; “Serviceable” means a part that meets all OEM and aviation authority specified standards for airworthiness, including in relation to its storage, and has no known defects, which would render it unfit for service; “Units” means, together, Exchange Units and Off Units; “Unserviceable” means not Serviceable.
Exchange Unit means a serviceable core unit, specially ordered by the Customer to be exchanged for the Customer’s core unit, supplied by the Company pursuant to Clause 11, and subject to these Terms and Conditions;
Exchange Unit means a Serviceable part that is supplied to the Customer by APEX AERO LTD in exchange for an Off Unit from the Customer;