Common use of Applicable Charges Clause in Contracts

Applicable Charges. The Loan Fee, Exchange Fee and/or Sales Fee apply as described in the quotation attached unless for the partnumber in the quotation attached, (a) the MTBUR does not meet the GMTBUR as described in SSC Article 9.11 and (b) such GMTBUR underperformance has officially been recognized by the OEM of such Component and (c) confirmed to HPA by the OEM and (d) HPA has the obligation to fulfill such SSC obligation on behalf of the OEM and (e) confirmed in separate writing to Customer that the component will be provided at no charge to the Customer for the duration of the Remedial Period plus thirty (30) Days, under the conditions of SSC Article 9.11.1. If any of the before mentioned conditions do not apply or after end of the Remedial Period the charges as described in the quotation attached apply. In case Customer cancels any order for HPA Units pursuant to a Purchase Order under this Agreement and the HPA Unit has already been released from stock, a cancellation fee as stated in quotation applies.

Appears in 1 contract

Sources: Loan, Exchange and Sale of Aircraft Materials

Applicable Charges. The Loan Fee, Exchange Fee and/or Sales Fee apply as described in the quotation attached unless for the partnumber in the quotation attached, (a) the MTBUR does not meet the GMTBUR as described in SSC Article 9.11 and (b) such GMTBUR underperformance has officially been recognized by the OEM of such Component and (c) confirmed to HPA LHT by the OEM and (d) HPA LHT has the obligation to fulfill such SSC obligation on behalf of the OEM and (e) confirmed in separate writing to Customer that the component will be provided at no charge to the Customer for the duration of the Remedial Period plus thirty (30) Days, under the conditions of SSC Article 9.11.1. If any of the before mentioned conditions do not apply or after end of the Remedial Period the charges as described in the quotation attached apply. In case Customer cancels any order for HPA LHT Units pursuant to a Purchase Order under this Agreement and the HPA LHT Unit has already been released from stock, a cancellation fee as stated in quotation applies.

Appears in 1 contract

Sources: Loan, Exchange and Sale of Aircraft Materials