Contract Price for Substitute Aircraft Clause Samples

The 'Contract Price for Substitute Aircraft' clause defines how the price will be determined if an aircraft different from the originally specified model is provided under the contract. Typically, this clause outlines the method for adjusting the contract price based on the specifications, age, or value of the substitute aircraft, ensuring both parties agree on a fair price adjustment. Its core function is to provide a clear mechanism for pricing changes, thereby preventing disputes and ensuring transparency if a substitution becomes necessary.
Contract Price for Substitute Aircraft or components a. Where the Contractor substitutes any component of the Service, such as the Aircraft, if the substitute component has a capacity or performance that exceeds that of the replaced component, the Contract Price payable in relation to the Service must not increase. b. Where the Contractor substitutes any component of the Service, such as the Aircraft, if the substitute component has a capacity or performance that is less than that of the replaced component, the Contract Price payable in relation to the Service must be negotiated with NAFC and must reflect the reduced capacity or performance of the component.
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