(g) Seller agrees to indemnify and hold Buyer harmless from any claim by a broker or other party that asserts an interest in the aircraft or purchase price arising out of any actual or alleged relationship or agreement with Seller. This _____________________N_______________________________________ particular aircraft documents associated with the foregoing, as defined in this particular aircraft purchase agreement (the “Agreement”) between Seller and the Purchasing Company. (collectively, “Buyer”), dated ___ date ____, 20___, all hereinafter collectively referred to as “Aircraft”. 1.2 (a) With respect to Buyer, this Agreement and Buyer`s agreement are a specific ____ (b) With respect to Seller, this Agreement and Seller`s agreement to purchase other similar replacement aircraft are interdependent. (c) Upon the correct and timely positioning of the Aircraft at the place of delivery and the performance of all of Seller`s obligations and agreements contained herein, (i) Buyer shall deposit the Purchase Price with Exeter 1031 Exchange Services, LLC, the qualified agent designated by Seller, by electronic transfer, and (ii) Seller and Buyer shall promptly notify the Fiduciary Agent: (a) Date and filing of the FAA Purchase Agreement in the Aircraft Registry, (b) date and submission of the application for registration of the aircraft, and (c) release of the warranty purchase agreement to the purchaser. At the same time, the Buyer must issue an aircraft delivery receipt in the form attached here as Appendix C and deliver it to the Seller (by fax and mail). The risk of loss, accident, liability or damage related to the Aircraft will pass to the Seller upon delivery of the Aircraft Delivery Note by the Buyer (this time is the “Closing Time” and the closing time date is the “Closing Date”). The total purchase price of the aircraft is $_ THEREFORE, taking into account the mutual obligations and agreements contained herein and for any other valid and valid consideration, the parties agree that: (b) The performance, delivery and performance of this Contract by the Seller has been duly authorized by all necessary measures on behalf of the Seller and does not conflict with any of the Terms or result in a breach of any of the Terms or constitute a defect according to a document, instrument or agreement to which the seller is a party. In accordance with this Special Aircraft Purchase Agreement (the “Agreement”) entered into on ___________________________________________________________________N_________________________________________________________________ Seller hereby wishes to exchange all rights, title and interests of Seller in and to the Aircraft for other aircraft of a similar nature and of acceptable use in accordance with Section 1031 of the Internal Revenue Code. In addition, Seller expressly reserves the right to exercise its rights, but not its obligations under this Agreement, to Exeter 1031 Exchange Services, LLC, a qualified intermediary, in accordance with the IRC Regulations.
1.103l(k)-l(g)(4) no later than the closing date. (f) There are no parts, systems or components in the aircraft that are temporarily borrowed or replaced. (d) the aircraft is delivered with a valid and valid U.S. Standard Certificate of Airworthiness and all mandatory and recommended AIRWORTHINESS DIRECTIVES and all mandatory and recommended service bulletins whose effective date is prior to the date of completion, including service bulletins that are required for registration on the date of completion in any maintenance or parts program for the aircraft; (ii) The Buyer must file with the Fiduciary Agent an application for registration of the Aircraft, which has been completed in full (except the date) and executed on behalf of the Buyer. Seller hereby represents and warrants, as of the date of this press release and the closing date, that: This aircraft purchase agreement (this “Agreement”) dated August 12, 2009 is between Logistic Air, Inc. (“Seller”), a Nevada company, and Baltia Airlines, Inc. (“Buyer”), a New York company. Seller and Buyer are sometimes collectively referred to as “parties” in this Agreement. Please read our website on legal terms and conditions and disclaimers. . (i) All representations and warranties under this Agreement apply to Buyer, its assigns and all persons to whom ownership of the Aircraft may be transferred. This Purchase Agreement must be read with a Purchase Agreement and does not replace a Purchase Agreement delivered in respect of the aircraft on an appropriate form for registration with the Federal Aviation Administration.
2.1 All prices, amounts and payments mentioned herein are in US dollars. This AIRCRAFT PURCHASE AGREEMENT (this “Purchase Agreement”) will be effective on the later date of signature set forth below (the “Effective Date”) by and between the undersigned Buyer (“Buyer”) and ICON Aircraft, Inc., a company incorporated under the laws of the State of Delaware (âICONâ). Buyer and ICON are also referred to individually herein as the “Party” and collectively as the “Parties”.â All sales, use or similar taxes, as well as any interest or penalties for such taxes (unless such interest or penalties are the result of an act or omission by or on behalf of Seller not otherwise authorized or ordered by Buyer), resulting from the sale of the aircraft to the Buyer, with the exception of income, capital gains or similar taxes imposed on the Seller, are the responsibility of the Buyer. In the event that Seller receives notice of sale, use or tax, audit, claim, valuation or proposed liability for which Buyer may be held liable in accordance with this Section, Seller will promptly notify Buyer of any potential tax liability. Buyer has the right to control, administer or defend audits, claims, evaluations, proposed liabilities or disputes related to the purposes of sale or similar taxes for which Buyer is responsible under this section. This Agreement benefits and binds each of the parties and their respective successors and assigns. (f) the aircraft is delivered with all aircraft documents, printed or published in English, in original and completeness, continuous and up-to-date, and maintained in accordance with industry standards and the Federal Aviation Regulations. AIRCRAFT PURCHASE AGREEMENT BETWEEN MITSUBISHI AIRCRAFT CORPORATION AND SKYWEST, INC.
With respect to aircraft agreement number MRJ70/MRJ90 MRJ90-3-SKW THAT, the selling entity (“Seller”), the lawful owner of full legal and beneficial ownership is: (a) Prior to closing, Seller grants Buyer full access to the Aircraft and related records (including, but not limited to, the Aircraft Documents) for inspection (the “Inspection”) by Buyer and/or Buyer`s duly authorized technical representative; to determine that each item on the aircraft is acceptable to the Buyer and in accordance with the terms of this Contract. .