Common use of Relevant Agreements Clause in Contracts

Relevant Agreements. The parties agree that, if any member of the HAECO Group agrees to provide any Services to any member of the Cathay Pacific Group, the parties to that agreement shall enter into an agreement (a “Relevant Agreement”) on the following terms: (A) any party to any Relevant Agreement may terminate that Relevant Agreement with immediate effect by notice to the other party to that Relevant Agreement in the event of any material default by that other party. In the event of termination of any Relevant Agreement, all the rights and obligations of the parties under that Relevant Agreement shall forthwith cease, but any rights, liabilities or remedies arising prior to such termination shall not be affected; (B) charges for the Services shall be determined by reference to the respective types of aircraft, aircraft engines and Components and the technical standards required; and (C) any amount payable by one party to a Relevant Agreement to another party to that Relevant Agreement shall be paid by the first mentioned party to the other party in cash within 30 days upon receipt by the first mentioned party of the applicable invoice from the other party.