Frontier Airlines 2011 Annual Report Download - page 160
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12.2.1 Periods and Seller’s Undertakings
Subject to the general conditions and limitations set forth in Clause 12.2.4, the Seller agrees that if a Failure occurs in an Item before the
Aircraft in which such Item was originally installed has completed thirty thousand (30,000) flying hours or twenty thousand (20,000)
flight cycles or within twelve (12) years after the Delivery of said Aircraft, whichever will first occur, the Seller will, at its discretion
and as promptly as practicable and with the Seller’s financial participation as hereinafter provided, either:
(a) design and furnish to the Buyer a correction for such Item with a Failure and provide any parts required for such correction
(including Seller designed standard parts but excluding industry standard parts), or
(b) replace such Item.
12.2.2 Seller’s Participation in the Costs
Subject to the general conditions and limitations set forth in Clause 12.2.4, any part or Item that the Seller is required to furnish to the
Buyer under this Service Life Policy in connection with the correction or replacement of an Item will be furnished to the Buyer []
therefor, [*] determined in accordance with the following formula:
[*]
12.2.3 General Conditions and Limitations
12.2.3.1 The undertakings set forth in this Clause 12.2 will be valid after the period of the Seller’s warranty applicable to an Item under Clause
12.1.
12.2.3.2 The Buyer’s remedies and the Seller’s obligations and liabilities under this Service Life Policy are subject to the prior compliance by
the Buyer with the following conditions:
(i) the Buyer will maintain log books and other historical records with respect to each Item, adequate to enable the Seller to
determine whether the alleged Failure is covered by this Service Life Policy and, if so, to define the portion of the costs to be
borne by the Seller in accordance with Clause 12.2.3;
(ii) the Buyer will keep the Seller informed of any significant incidents relating to an Aircraft, howsoever occurring or recorded;
(iii) the Buyer will comply with the conditions of Clause 12.1.10;
(iv) the Buyer will implement specific structural inspection programs for monitoring purposes as may be established from time to
time by the Seller. Such programs will be as compatible as possible with the Buyer’s operational requirements and will be
carried out at the Buyer’s expense. Reports relating thereto will be regularly furnished to the
* Confidential