Aircraft Purchase Agreement Sample

In accordance with this particular contract for the purchase of aircraft (the ”agreement”), the date ____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________In_______________________________________________________________ The seller wishes to exchange the full right, title and participation of the seller in the aircraft for other aircraft of the same nature and qualifying use, in accordance with Section 1031 of the Internal Income Code. In order to promote these rights, the seller expressly reserves the right to exercise his rights, but not his obligations, in accordance with IRC Reg. 1.103l (k) -l (g) (4) to be sold to Exeter 1031 Exchange Services, LLC, a qualified intermediary. (c) After proper and timely positioning of the aircraft at the delivery site and the execution of all commitments and agreements of the seller, the buyer must file the purchase price with Exeter 1031 Exchange Services, LLC, the qualified intermediary designated by the seller, by electronic transfer, and (ii) the seller and buyer will immediately notify the agent: (a) date and deposit of the FAA sale invoice in the civil registry ( b) the date and filing of the registration application for the aircraft and (c) the release of the warranty sales account to the buyer. At the same time, the buyer will execute an aircraft delivery voucher (by fax and mail) as Appendix C and deliver it to the seller in the attached form. The risk of loss, accident, liability or damage to the aircraft is considered to be related to the delivery of the delivery voucher to the buyer to the buyer (i.e. the ”closing date” and the closing date is the end date). 1.2 a) In Bezug auf den Käufer sind diese Vereinbarung und die Vereinbarung des Käufers, einen bestimmten _____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ (b) In Bezug auf den Verkäufer sind diese Vereinbarung und die Vereinbarung des Verkäufers, andere vergleichbare Ersatzflugzeuge zu kaufen, voneinander abhängig. Re: _______________________________N____________________________________________________________________________________________________________________________________________________________