Common use of Termination for Failure to Make Payments Clause in Contracts

Termination for Failure to Make Payments. In case of a late payment as per the terms and conditions contained in Article 4.2, Embraer shall grant Buyer a [*]. Such [*] period shall under no circumstances apply to payments due pursuant to Article 4.

Appears in 1 contract

Sources: Purchase Agreement

Termination for Failure to Make Payments. In case of a late payment as per the terms and conditions contained in Article 4.2, Embraer shall grant Buyer a [*]. Such [*] period shall apply only to the [*]. Such [*] period shall under no circumstances apply to payments due pursuant to Article 4.

Appears in 1 contract

Sources: Purchase Agreement (Republic Airways Holdings Inc)