Frontier Airlines 2011 Annual Report Download - page 151
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11 - INEXCUSABLE DELAY
[]
11.1 Renegotiation
If, as a result of an Inexcusable Delay, the Delivery does not occur within [*] of the Delivery Period the Buyer will have the right,
exercisable by written notice to the Seller given between [*], to require from the Seller a renegotiation of the Scheduled Delivery Month for
the affected Aircraft. Unless otherwise agreed between the Seller and the Buyer during such renegotiation, the said renegotiation will not
prejudice the Buyer’s right to receive liquidated damages in accordance with Clause 11.1.
11.2 Termination
If, as a result of an Inexcusable Delay, the Delivery does not occur within [*] of the Delivery Period and the parties have not renegotiated the
Delivery Date pursuant to Clause 11.2, then both parties will have the right exercisable by written notice to the other party, given between
[*], to terminate this Agreement in respect of the affected Aircraft. In the event of termination, [*]
11.3 Remedies
THIS CLAUSE 11 SETS FORTH THE SOLE AND EXCLUSIVE REMEDY OF THE BUYER FOR DELAYS IN DELIVERY
OR FAILURE TO DELIVER, OTHER THAN SUCH DELAYS AS ARE COVERED BY CLAUSE 10, AND THE BUYER
HEREBY WAIVES ALL RIGHTS TO WHICH IT WOULD OTHERWISE BE ENTITLED IN RESPECT THEREOF,
INCLUDING WITHOUT LIMITATION ANY RIGHTS TO INCIDENTAL AND CONSEQUENTIAL DAMAGES OR SPECIFIC
PERFORMANCE. THE BUYER WILL NOT BE ENTITLED TO CLAIM THE REMEDIES AND RECEIVE THE BENEFITS
PROVIDED IN THIS CLAUSE 11 WHERE THE DELAY REFERRED TO IN THIS CLAUSE 11 IS CAUSED BY THE
NEGLIGENCE OR FAULT OF THE BUYER OR ITS REPRESENTATIVES.
* Confidential