[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-seo-178192-105":3,"detail-sidebar-cat-1-en-105":81,"doc-detail-178192-en":127},{"code":4,"msg":5,"data":6},0,"ok",{"site_id":7,"language":8,"slug":9,"title":10,"keywords":11,"description":12,"schema_data":13,"social_meta":74,"head_meta":76,"extra_data":78,"updated_unix":80},105,"en","aircraft-purchase-and-sale-agreement-article-i-definitions","Aircraft Purchase and Sale Agreement - ARTICLE I - DEFINITIONS","","Aircraft Purchase and Sale Agreement defining key terms used throughout the contract, including the aircraft itself, installed engines and auxiliary power unit, and the full scope of related documents and records. The definitions cover airframe, aircraft documents, registration application, specification exhibit references, acceptance/rejection letter form, and airworthiness standards tied to FAA orders and FAR Part 91 operation. It also clarifies business day timing, purchase price calculations, and the Cape Town Convention terminology used within the agreement.",{"@graph":14,"@context":73},[15,34,56],{"@type":16,"itemListElement":17},"BreadcrumbList",[18,23,27,31],{"item":19,"name":20,"@type":21,"position":22},"https://docshare.wps.com","Home","ListItem",1,{"item":24,"name":25,"@type":21,"position":26},"https://docshare.wps.com/template/","Template",2,{"item":28,"name":29,"@type":21,"position":30},"https://docshare.wps.com/template/letters/","Letters",3,{"item":32,"name":10,"@type":21,"position":33},"https://docshare.wps.com/template/aircraft-purchase-and-sale-agreement-article-i-definitions/178192/",4,{"url":32,"name":10,"@type":35,"image":36,"author":41,"headline":10,"publisher":44,"fileFormat":47,"inLanguage":8,"description":12,"dateModified":48,"datePublished":49,"encodingFormat":47,"isAccessibleForFree":50,"interactionStatistic":51},"DigitalDocument",{"url":37,"@type":38,"width":39,"height":40},"https://docshare.wps.com/thumbnails/aircraft-purchase-and-sale-agreement-article-i-definitions/178192.png","ImageObject",442,249,{"name":42,"@type":43},"Terk","Person",{"url":19,"name":45,"@type":46},"DocShare","Organization","application/vnd.openxmlformats-officedocument.wordprocessingml.document","2026-10-19","2026-09-02",true,{"@type":52,"interactionType":53,"userInteractionCount":55},"InteractionCounter",{"@type":54},"ViewAction",13,{"@type":57,"mainEntity":58},"FAQPage",[59,65,69],{"name":60,"@type":61,"acceptedAnswer":62},"What does “Aircraft” include under Article I definitions?","Question",{"text":63,"@type":64},"The “Aircraft” includes the airframe identified by manufacturer serial number and U.S. Registration Number, specified installed engines and APU, and all associated equipment, components, and inventory items, together with the aircraft documents listed in the agreement.","Answer",{"name":66,"@type":61,"acceptedAnswer":67},"How is “Aircraft Documents” defined?",{"text":68,"@type":64},"“Aircraft Documents” covers all paper and electronic records required by law and industry practice, including certification and logbooks, manuals, maintenance and warranty records, engineering records, and specific FAA forms and related certificates for the aircraft and its components.",{"name":70,"@type":61,"acceptedAnswer":71},"What does “Airworthy” mean in this agreement?",{"text":72,"@type":64},"“Airworthy” means the aircraft is in an airworthy condition, meets mechanical requirements for issuance of an Airworthiness Certificate for FAR Part 91 operation, complies with mandatory maintenance, inspections, airworthiness directives and service bulletins through the Closing time, and has no discrepancies requiring rectification before return to service.","https://schema.org",{"og:url":32,"og:type":75,"og:title":10,"og:site_name":45,"og:description":12},"article",{"robots":77,"canonical":32},"index,follow",{"doc_id":79,"site_id":7},178192,1788330778,{"code":4,"msg":82,"data":83},"success",[84,89,94,99,104,109,114,118,123],{"id":85,"doc_module":22,"doc_module_name":25,"category_name":86,"show_sort_weight":87,"slug":88},11,"Presentations",90,"presentations",{"id":90,"doc_module":22,"doc_module_name":25,"category_name":91,"show_sort_weight":92,"slug":93},12,"Resumes",80,"resumes",{"id":95,"doc_module":22,"doc_module_name":25,"category_name":96,"show_sort_weight":97,"slug":98},14,"Invoices",70,"invoices",{"id":100,"doc_module":22,"doc_module_name":25,"category_name":101,"show_sort_weight":102,"slug":103},15,"Posters",60,"posters",{"id":105,"doc_module":22,"doc_module_name":25,"category_name":106,"show_sort_weight":107,"slug":108},16,"Social Media",50,"social-media",{"id":110,"doc_module":22,"doc_module_name":25,"category_name":111,"show_sort_weight":112,"slug":113},17,"Forms",40,"forms",{"id":115,"doc_module":22,"doc_module_name":25,"category_name":29,"show_sort_weight":116,"slug":117},18,30,"letters",{"id":119,"doc_module":22,"doc_module_name":25,"category_name":120,"show_sort_weight":121,"slug":122},21,"Paper Templates",5,"papers-templates",{"id":124,"doc_module":22,"doc_module_name":25,"category_name":125,"show_sort_weight":4,"slug":126},158,"General","general-158",{"code":4,"msg":82,"data":128},{"doc_id":79,"user_id":129,"nickname":42,"user_avatar":130,"doc_module":22,"category_id":115,"category_name":29,"doc_title":10,"doc_description":12,"doc_content":131,"file_id":132,"file_url":133,"file_type":134,"file_size":135,"view_count":55,"is_deleted":4,"is_public":22,"is_downloadable":22,"audit_status":22,"page_count":136,"language":137,"language_code":8,"site_id":7,"html_lang":8,"table_of_contents":138,"faqs":139,"seo_title":140,"seo_description":12,"update_tm":80,"read_time":55},1099525198933,"https://ap-avatar.wpscdn.com/davatar_155a257f0dc6eb9ab79c44ca47cae57d","AIRCRAFT PURCHASE AND SALE AGREEMENT\nThis Aircraft Purchase and Sale Agreement (this “Agreement”) is made and entered into as of _________, 20__ (the “Effective Date”), by and between ______________________,  a (STATE) limited liability company, having its principle place of business at _________________ (“Buyer”), and ________________, a (STATE) limited liability company, having its principle place of business at __________________ (“Seller”).\nWitnesseth.\nWhereas, at Closing, Seller shall hold the entire, undivided ownership interest in the Aircraft, and desires to sell the Aircraft to the Purchaser pursuant to the terms and subject to the conditions set forth herein; and\nWhereas, Buyer desires to buy from Seller, all upon the terms and subject to the conditions contained in this Agreement; and\nWhereas, Seller owns Aircraft described and referred to herein and desires to sell Aircraft to Buyer in accordance with the terms and conditions contained in this Agreement; and\nNow, Therefore, in consideration of these premises and the mutual covenants, representations, warranties, obligations, and agreements herein contained, the parties, intended to be legally bound, agree as follows:\nARTICLE I.  DEFINITIONS\nThe following terms shall have the following meaning for all purposes of this agreement:\n“Aircraft” means the (MAKE) (MODEL) aircraft bearing manufacturer’s serial number (SERIAL NUM) and U.S. Registration Number (REG NUM) (the “Airframe”) (described on the International Registry with manufacturer designation:  (DESCRIPTION), together with two (2) installed (MANUF) model _______ engines bearing manufacturer’s serial numbers _________ and _________ (the “Engines”) (described on the International Registry with manufacturer's designation: (DESCRIPTION), one (1) installed (MANUF) model ______ auxiliary power unit bearing manufacturer’s serial __________ (“APU”), and all equipment, spares, loose equipment, rotables (including life rafts), components, instruments, avionics, systems, appurtenances, appliances, parts, accessions, furnishings, engine covers, tool kits, and other equipment of whatever nature incorporated in, or attached to or associated with any of the foregoing (subject to the Inventory Listing) in Seller’s possession or control and all Aircraft Documents including, without limitation, the items set forth in the specification description attached hereto as Exhibit A.\n“Aircraft Documents” means all documents and records whether on paper, digital, electronically stored or in any other medium documents and records that are in Seller’s possession or control relating to or required by law and standard industry practice, to be maintained with respect to the Aircraft, including, without limitation, all parts certification documents for life limited/time controlled components currently installed on the aircraft, replaced/overhauled/restored or hydrostatically tested since original delivery, a current and valid Airworthiness Certificate, flight logs, all Airframe, Engines, APU and accessory and other logbooks, manuals, flight records, weight and balance manuals, yellow service tags, technical records, traceability records, task cards, overhaul records, maintenance records, maintenance contracts, computerized maintenance programs, Airframe and Aircraft component warranties, engineering records, Engines warranties, APU warranties, avionics warranties, wiring diagrams, drawings, data, completion manuals and all issued FAA Form 337 (or its equivalent), all issued FAA Form 8100-9s, any related Supplemental Type Certificates, and any and all other records related to the Aircraft.\n“Aircraft Protocol” means the official English language text of the Protocol to the Convention.\n“Aircraft Registration Application” means an FAA Aeronautical Center Form 8050-1 Aircraft Registration Application.\n“Aircraft Specification” means the Aircraft Specification set forth on Exhibit A attached hereto.\n“Aircraft Technical Acceptance/Rejection Letter” mea","cbCaik5gSIVCY3RW","https://ap.wps.com/l/cbCaik5gSIVCY3RW","docx",92682,37,"English","# ARTICLE I.  DEFINITIONS\n## Aircraft and related components\n## Aircraft documents and regulatory references","[{\"question\":\"What does “Aircraft” include under Article I definitions?\",\"answer\":\"The “Aircraft” includes the airframe identified by manufacturer serial number and U.S. Registration Number, specified installed engines and APU, and all associated equipment, components, and inventory items, together with the aircraft documents listed in the agreement.\"},{\"question\":\"How is “Aircraft Documents” defined?\",\"answer\":\"“Aircraft Documents” covers all paper and electronic records required by law and industry practice, including certification and logbooks, manuals, maintenance and warranty records, engineering records, and specific FAA forms and related certificates for the aircraft and its components.\"},{\"question\":\"What does “Airworthy” mean in this agreement?\",\"answer\":\"“Airworthy” means the aircraft is in an airworthy condition, meets mechanical requirements for issuance of an Airworthiness Certificate for FAR Part 91 operation, complies with mandatory maintenance, inspections, airworthiness directives and service bulletins through the Closing time, and has no discrepancies requiring rectification before return to service.\"}]","Aircraft Purchase and Sale Agreement - ARTICLE I - DEFINITIONS | DOCX"]