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| | Sample Contracts - Launch Services Agreement (Termination) - Arianespace SA, Arianespace Finance SA and CD Radio Inc. - ... |
 | | To date, CD Radio has made payments to Arianespace of $15,870,653 for Launch #1, and of $7,040,000 for Launch #2, for a total payment of $22,910,653. |
 | | Under the terms of Paragraph 18.2 of the Launch Agreement, CD Radio's termination fee is 10% of the launch services price of each of the terminated launches, for a total of $17,600,000 (based on $8,800,000 per launch). |
 | | Pursuant to Sub-paragraph 18.2.3, CD Radio is entitled to the difference between amounts it has paid for the launches in excess of the termination fee, or $5,310,653, which Arianespace is required to refund within thirty (30) days of this notice of termination. |
| contracts.onecle.com /sirius/arianespace.term.1998.05.29.shtml (380 words) |
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