Delta Airlines 2014 Annual Report Download - page 138

In the event of the above schedule resulting in any Predelivery Payment falling due prior to the date of signature of the
Agreement, such Predelivery Payments shall be made upon signature of the Agreement.
Concurrently with the Delivery of each Aircraft, the Buyer shall pay to the Seller the Final Contract Price therefor,
less the total amount of the Predelivery Payments theretofore received by the Seller for such Aircraft under Subclause
5.2 above (the “ Balance of the Final Contract Price ”). The Seller’
s receipt of the full amount of such payments,
including any amounts due under Subclause 5.5, shall be a condition precedent to the Seller’
s obligation to deliver
such Aircraft.
[***]
[***] CONFIDENTIAL PORTION OMITTED AND FILED SEPARATELY WITH THE COMMISSION PURSUANT TO
A REQUEST FOR CONFIDENTIAL TREATMENT
Payment Date
Percentage of Predelivery
Payment
Reference Price
[***] [***] [***]
[***]
[***] [***]
[***] [***] [***]
[***] [***] [***]
[***] [***] [***]
[***] [***] [***]
[***] [***] [***]
______________________________________________________
TOTAL PAYMENT PRIOR TO DELIVERY [***]
5.2.4
The Seller shall be entitled to hold and use any Predelivery Payment as absolute owner thereof, subject only to the
obligation to deduct an amount equal to Predelivery Payments from the Final Contract Price of the Aircraft, when
calculating the balance of the Final Contract Price of such Aircraft. The Seller shall be under no obligation to
segregate any Predelivery Payment, or any amount equal thereto, from the Seller’s funds generally.
5.3
Payment of Final Contract Price
5.4
Payment of Other Amounts
5.4.1
Application of Payments
CT1404840_PA_A330-900neo_A350-900_EXECUTION.Docx
PRIVILEDGED AND CONFIDENTIAL
23