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Withdrawal
Withdrawal contract clause examples

Termination or Withdrawal by American. In addition to and notwithstanding the other provisions of this [Section 12.02], and in addition to any other remedy available to American under applicable law, American shall also have the right and option solely by providing Notice to Contractor to # terminate this Agreement as of a specified Termination Date and Withdraw all of the Covered Aircraft pursuant to a Wind Down Schedule provided by American and/or # elect for any or all Covered Aircraft to be Withdrawn from the provisions of this Agreement on the Withdrawal Dates to be specified by American in the Notice of Withdrawal, on the occurrence of any of the following:

Termination by American. In the event that American elects to terminate this Agreement pursuant to [Section 12.02(a)] or [Section 12.02(b)], the Notice delivered by American to Contractor shall be irrevocable and shall include the Termination Date selected by American and a Wind Down Schedule that identifies the Withdrawal Dates selected by American for all Covered Aircraft; it being understood that (unless American is terminating this Agreement pursuant to [Section 12.02(a)(i)], [Section 12.02(a)(iv)] or [Section 12.02(b)(vi)]) the first Withdrawal Date shall be no earlier than ​ following Contractor’s receipt of such Notice of termination. If American is terminating this Agreement pursuant to [Section 12.02(a)(iv)] then the first Withdrawal Date shall be no earlier than ​ following Contractor’s receipt of such Notice of termination and the Wind Down Schedule shall provide for the Withdrawal of no more than ​ Covered Aircraft per month (unless otherwise mutually agreed by the Parties), until all Covered Aircraft are Withdrawn from the terms of this Agreement.

Obligations upon Withdrawal of Covered Aircraft or Termination. Neither termination of this Agreement nor Withdrawal of any Covered Aircraft from the terms of this Agreement for any reason shall relieve American or Contractor of their rights and obligations incurred prior to the Termination Date or Withdrawal Date, as applicable, of such Covered Aircraft. If a Wind Down Schedule is delivered by either Contractor or American pursuant to the terms of this [Section 12.02(e)], Contractor shall continue to operate any Covered Aircraft for Scheduled Flights until its Withdrawal Date and Contractor shall receive compensation for such Scheduled Flights in accordance with the provisions hereof and subject to the terms and conditions hereof. Nothing contained herein shall limit Contractor’s obligations to provide maintenance and repair services for the Covered Aircraft (including any Engines) prior to such Withdrawal Date, as applicable.

The Notice of termination delivered by Contractor to American pursuant to [Section 12.02(a)(iv)] shall be irrevocable by Contractor and shall include a Termination Date that is at least ​ after the date of such Notice and a Wind Down Schedule that specifically identifies (by aircraft tail number or engine serial number, as applicable) the Withdrawal Date for each Covered Aircraft then subject to the provisions of this Agreement. The Wind Down Schedule shall provide for the Withdrawal of no more than ​ Covered Aircraft per month (unless otherwise mutually agreed by the Parties), until all Covered Aircraft are Withdrawn from the terms of this Agreement.

Withdrawal Rights of American. In addition to and notwithstanding [Section 12.02(a)] and [Section 12.02(b)] above, and in addition to any other remedy available to American under applicable law, American shall have the right and option solely by providing Notice to Contractor to Withdraw ​ Covered Aircraft on each occurrence of any of the following, in each case as may be specified in the Notice to Contractor (and Contractor shall thereafter Notify American of the specific tail numbers of each Covered Aircraft to be Withdrawn (in the event Contractor fails to notify American of such tail numbers within ​ of American sending such Notice, then American shall select the specific tail numbers in its sole discretion)):

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