Common use of TERMINATION UNDER Clause in Contracts

TERMINATION UNDER. Article 13.2 shall discharge all obligations and liabilities of Buyer and ▇▇▇▇ hereunder with respect to such delayed Aircraft and all related undelivered items and services, except that ▇▇▇▇ shall promptly repay to Buyer, and BRAD's sole liability and responsibility shall be limited to the repayment to Buyer, of all advance payments for such Aircraft received by ▇▇▇▇ less any amount due by Buyer to ▇▇▇▇.

Appears in 3 contracts

Sources: Purchase Agreement (Alaska Air Group Inc), Purchase Agreement (Midway Airlines Corp), Purchase Agreement (Midway Airlines Corp)

TERMINATION UNDER. Article 13.2 shall discharge all obligations and liabilities of Buyer and B▇▇▇ hereunder with respect to such delayed Aircraft and all related undelivered items and services, except that ▇* B▇▇▇ shall promptly shall, within * of such termination, repay to Buyer, and BRAD's sole liability and responsibility shall be limited to the repayment to Buyer, of all advance payments deposits for such Aircraft received by B▇▇▇ less any amount due by Buyer to B▇▇▇.

Appears in 2 contracts

Sources: Purchase Agreement (Atlantic Coast Airlines Inc), Purchase Agreement (Atlantic Coast Airlines Inc)

TERMINATION UNDER. Article 13.2 shall discharge all obligations and liabilities of Buyer and ▇▇▇▇ hereunder with respect to such delayed Aircraft and all related undelivered items and services, except that [ * ] ▇▇▇▇ shall promptly shall, within [ * ] such termination, repay to Buyer, and BRAD's sole liability and responsibility shall be limited to the repayment to Buyer, of all advance payments deposits for such Aircraft received by ▇▇▇▇ less any amount due by Buyer to ▇▇▇▇.

Appears in 1 contract

Sources: Purchase Agreement (Atlantic Coast Airlines Holdings Inc)

TERMINATION UNDER. Article 13.2 shall discharge all obligations and liabilities of Buyer and Buye▇ ▇▇▇ BRAD ▇▇▇▇▇▇▇▇▇ hereunder with ▇▇▇h respect to such delayed Aircraft and all related undelivered items and services, except that BRAD ▇▇▇▇ shall ll promptly repay to Buyer, and BRAD's sole '▇ ▇ole liability and responsibility shall be limited to the repayment to Buyer, of all advance payments for such Aircraft received by ▇▇▇▇ BRAD [CONFIDENTIAL PORTION DELETED] , less any amount due by Buyer to Buye▇ ▇▇▇▇ BRAD.

Appears in 1 contract

Sources: Purchase Agreement (Mesa Air Group Inc)

TERMINATION UNDER. Article 13.2 shall discharge all obligations and liabilities of Buyer and B▇▇▇ hereunder with respect to such delayed Aircraft and all related undelivered items and services, except that ▇* B▇▇▇ shall promptly shall, within* of such termination, repay to Buyer, and BRAD's sole liability and responsibility shall be limited to the repayment to Buyer, of all advance payments deposits for such Aircraft received by B▇▇▇ less any amount due by Buyer to B▇▇▇.

Appears in 1 contract

Sources: Purchase Agreement (Atlantic Coast Airlines Inc)