Common use of Option Exercise Clause in Contracts

Option Exercise. 6.1 Customer will exercise [*], by giving written notice to Boeing on or before the first business day of the month that is [*] months prior to the month of delivery [*] (Option Exercise Date). [*]. 6.2 [*] 6.3 The parties agree that Option Aircraft, once exercised, will be added to Table 1-B or Table 1-B1, as applicable, of the Purchase Agreement.

Appears in 2 contracts

Sources: Supplemental Agreement (Fedex Corp), Supplemental Agreement (Fedex Corp)

Option Exercise. 6.1 Customer will may exercise [*], an option by giving written notice to Boeing on or before the date [*] prior to the first business day of the delivery month that is [*] months prior listed in the Attachment to the month of delivery [*] this Letter Agreement (Option Exercise Date). In the first instance in which Customer will not exercise an Option Aircraft (Trigger Aircraft), Customer will notify Boeing on or prior to the Trigger Aircraft’s Option Exercise Date, which notice will include an election by Customer to [*]. 6.2 [*] 6.3 [*] 6.4 [*] 6.5 [*] 6.6 [*] 6.7 The parties agree that Option Aircraft, once exercised, will be added to Table 1-B or Table 1-B1, as applicable, of the Purchase Agreement.

Appears in 2 contracts

Sources: Supplemental Agreement (Fedex Corp), Supplemental Agreement (Fedex Corp)

Option Exercise. 6.1 Customer will may exercise [*], an option by giving written notice to Boeing on or before the date [ * ] prior to the first business day of the delivery month that is [*] months prior listed in the Attachment to the month of delivery [*] this Letter Agreement (Option Exercise Date). [*In the first instance in which Customer will not exercise an Option Aircraft (Trigger Aircraft), Customer will notify Boeing on or prior to the Trigger Aircraft’s Option Exercise Date, which notice will include an election by Customer to either [ * ]. 6.2 Following the Adjusted Block referenced in the preceding paragraph, [ * ]. 6.3 [*] 6.3 6.4 [*] 6.5 [*] 6.6 [*] 6.7 The parties agree that Option Aircraft, once exercised, will be added to Table 1-B or Table 1-B1, as applicable, of the Purchase Agreement.

Appears in 1 contract

Sources: Purchase Agreement (Fedex Corp)

Option Exercise. 6.1 Customer will exercise [*], by giving written notice to Boeing on or before the first business day of the month that is [*] months prior to the month of delivery [*] (Option Exercise Date). [*]. 6.2 [*] 6.3 The parties agree that Option Aircraft, once exercised, will be added to Table 1-B or Table 1-B1, as applicable, of the Purchase Agreement.

Appears in 1 contract

Sources: Supplemental Agreement (Fedex Corp)

Option Exercise. 6.1 Customer will may exercise [*], an option by giving written notice to Boeing on or before the date [ * ] prior to the first business day of the delivery month that is [*] months prior listed in the Attachment to the month of delivery [*] this Letter Agreement (Option Exercise Date). [*In the first instance in which Customer will not exercise an Option Aircraft (Trigger Aircraft), Customer will notify Boeing on or prior to the Trigger Aircraft’s Option Exercise Date, which notice will include an election by Customer to either [ * ]. 6.2 [*Following the Adjusted Block referenced in the preceding paragraph, [ * ]. 6.3 [ * ] 6.3 6.4 [ * ] 6.5 [ * ] 6.6 [ * ] 6.7 The parties agree that Option Aircraft, once exercised, will be added to Table 1-B or Table 1-B1, as applicable, of the Purchase Agreement.

Appears in 1 contract

Sources: Purchase Agreement (Fedex Corp)

Option Exercise. 6.1 Customer will may exercise [*], an option by giving written notice to Boeing on or before the first business day of the month that is [date *] months ** prior to the month earlier of delivery [the first day of either the Nominal Delivery Month *] ** (Option Exercise Date). [6.2 *]**. 6.2 [*] 6.3 The parties agree that Option Aircraft, once exercised, will be added to Table 1-B or Table 1-B1, as applicable, of the Purchase Agreement.

Appears in 1 contract

Sources: Purchase Agreement (United Air Lines Inc)

Option Exercise. 6.1 Customer will may exercise [*], an option by giving written notice to Boeing on or before the date *** prior to the first business day of the delivery month that is [*] months prior to the month of delivery [*] listed in Attachment A (Option Exercise Date). [*]. 6.2 [6.3 Notwithstanding paragraph 6.1 above, for the Option Aircraft scheduled to deliver in *] 6.3 The parties agree that Option Aircraft, once exercised, will be added to Table 1-B or Table 1-B1**, as applicable, of the effective date of Supplemental Agreement No. 4 to the Purchase Agreement., the Option Exercise Date will be the date *** prior to the first day of the delivery month listed in Attachment A.

Appears in 1 contract

Sources: Purchase Agreement (United Airlines, Inc.)