Frontier Airlines 2011 Annual Report Download - page 146

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Aircraft
Rank
Scheduled Delivery
79 A319 Aircraft [*] [*]
80 A319 Aircraft [*] [*]
The Seller will give the Buyer the Scheduled Delivery Month of each [*] before the first day of the Scheduled Delivery Quarter of the
respective Aircraft. The Seller will give the Buyer [*] written notice of the anticipated date on which the Aircraft will be Ready for
Delivery. Thereafter, the Seller will notify the Buyer of any change to such dates.
9.2 Delivery Process
9.2.1 The Buyer will, when the Aircraft is Ready for Delivery, pay the Balance of the Final Price, take Delivery of the Aircraft and
remove the Aircraft from the Delivery Location.
9.2.2 The Seller will deliver and transfer title to the Aircraft to the Buyer free and clear of all encumbrances (except for any liens or
encumbrances created by or on behalf of the Buyer) provided that the Balance of the Final Price of such Aircraft has been paid by
the Buyer pursuant to Clause 5.4 and that the Certificate of Acceptance has been signed and delivered to the Seller pursuant to
Clause 8.3. The Seller will provide the Buyer with a bill of sale in the form of Exhibit E (the “ Bill of Sale”) and such other
documentation confirming transfer of title and receipt of the Final Price of the Aircraft as may reasonably be requested by the Buyer.
Title to, property in and risk of loss of or damage to the Aircraft will transfer to the Buyer contemporaneously with the delivery by
the Seller to the Buyer of such Bill of Sale.
9.2.3 If the Buyer fails to (i) deliver the signed Certificate of Acceptance with respect to an Aircraft to the Seller when required pursuant
to Clause 8.3, or (ii) pay the Balance of the Final Price of such Aircraft to the Seller and take Delivery of the Aircraft, then the
Buyer will be deemed to have rejected Delivery wrongfully when such Aircraft was duly tendered to the Buyer hereunder. If such a
deemed rejection arises, then in addition to the remedies of Clause 5.8.1, (a) the Seller will retain title to such Aircraft and (b) the
Buyer will indemnify and hold the Seller harmless against any and all costs (including but not limited to any parking, storage, and
insurance costs) and consequences resulting from the Buyer’s rejection (including but not limited to risk of loss of or damage to
such Aircraft), it being understood that the Seller will be under no duty to the Buyer to store, park, insure or otherwise protect such
Aircraft. These rights of the Seller will be in addition to the Seller’s other rights and remedies in this Agreement.
9.2.4 If the Buyer fails to remove the Aircraft from the Delivery Location, then, without prejudice to the Seller’s other rights and remedies
under this Agreement or at law, the provisions of Clause 9.2.3 (b) shall apply.
9.3 Flyaway
9.3.1 The Buyer and the Seller will cooperate to obtain any licenses that may be required by the Aviation Authority of the Delivery
Location for the purpose of exporting the Aircraft.
* Confidential