Frontier Airlines 2011 Annual Report Download - page 135
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5 - PAYMENT TERMS
5.1 Seller’s Account
The Buyer will pay, from bank accounts within the United States, the Predelivery Payments, the Balance of the Final Price and any other
amount due hereunder at the relevant times required by the Agreement and in immediately available funds in United States dollars to:
[]
or to such other account as may be designated by the Seller in written notice to Buyer at least two Business Days prior to the date such
payment is due.
5.2 [*]
5.3 Predelivery Payments
5.3.1 Predelivery Payments are nonrefundable (although amounts equal to Predelivery Payments may be paid to the Buyer pursuant to
Clause 10 or 11) and will be paid by the Buyer to the Seller for the Aircraft.
5.3.2 The Predelivery Payment Reference Price for an Aircraft to be delivered in calendar year T is determined in accordance with the
following formula:
[*]
5.3.3 Predelivery Payments will be paid according to the following schedule:
Payment Date
[*]
[*] [*] [*]
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[*] [*] [*]
[*] [*]
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 this Agreement.
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* Confidential