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Aircraft Purchase Letter Of Intent
"I need an Aircraft Purchase Letter of Intent for buying a Boeing 737-800 from Singapore Airlines, with a target closing date of March 2025 and an exclusivity period of 60 days, including specific provisions for maintenance record reviews and pre-purchase inspections."
1. Parties: Identification of buyer and seller, including full legal names and registration details
2. Background: Brief context of the intended aircraft purchase transaction
3. Definitions: Key terms used throughout the LOI
4. Aircraft Description: Detailed specification of the aircraft including make, model, serial number, and current registration
5. Purchase Price: Agreed purchase price and payment structure
6. Deposit Terms: Amount, timing, and conditions of deposit payment
7. Due Diligence: Terms for inspection and technical review of the aircraft
8. Timeline: Key dates and deadlines for the transaction
9. Binding Nature: Clear statement of which provisions are binding and non-binding
1. Exclusivity: Period during which seller cannot negotiate with other parties
2. Confidentiality: Terms of information confidentiality and non-disclosure obligations
3. Break Fee: Compensation provisions if either party withdraws from the transaction
4. Financing Contingency: Conditions related to buyer's financing arrangements and requirements
1. Schedule 1 - Aircraft Specifications: Detailed technical specifications of the aircraft including configuration and equipment
2. Schedule 2 - Due Diligence Requirements: Comprehensive list of required inspections, tests, and documentation review
3. Schedule 3 - Transaction Timeline: Detailed schedule of key dates, milestones, and deadlines for the transaction
4. Schedule 4 - Required Documentation: List of certificates, permits, maintenance records, and other required documentation
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