Common use of Payment of Other Amounts Clause in Contracts

Payment of Other Amounts. 6.4.1 Unless otherwise expressly provided for herein, any payments due hereunder or in respect of an Aircraft in addition to those referred to in Subclauses 6.2 and 6.3 above will be paid by Northwest concurrently with the delivery of the corresponding Aircraft or, if invoiced after delivery of such Aircraft, within *** after the invoice date. AVSA and Northwest agree that with respect to payments to be made under this Subclause 6.4.1, and for the purposes of Clause 21, Northwest will not be deemed to be in default unless such payment is not made within *** after invoice date. 6.4.2 Notwithstanding any other rights AVSA may have at contract or at law, Northwest and AVSA hereby agree that should any amount under this Agreement become due and payable by Northwest, and not be paid in full in immediately available funds on the date due (unless contested by Northwest in good faith), then AVSA will have the right to debit and apply, in whole or in part, the unused amount of any credit made available by AVSA to Northwest against such unpaid amount. AVSA will promptly notify Northwest in writing after such debiting and application.

Appears in 2 contracts

Sources: Purchase Agreement (Northwest Airlines Corp), Purchase Agreement (Northwest Airlines Corp)