AD Cost Sharing Clause Samples

The AD Cost Sharing clause establishes how advertising and promotional expenses are divided between the parties involved in an agreement. Typically, it outlines the percentage or method by which each party will contribute to costs related to marketing campaigns, media buys, or promotional events. This clause ensures that both parties have a clear understanding of their financial responsibilities, thereby preventing disputes over payment and promoting equitable investment in joint advertising efforts.
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AD Cost Sharing. (a) With respect to each AD ***** to be performed by Lessee during the Term, the cost of compliance for which exceeds ***** Lessor shall reimburse Lessee for a portion of such work in accordance with the following formula: ***** (b) Lessor’s obligation to make any payments under this Clause 4 shall be conditioned upon ***** and receipt by Lessor no later than ***** of invoices and proper documentation ***** in support of the invoices and verifying that *****
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AD Cost Sharing. With respect to each repair or modification required during the Lease Term (including as required by Schedule 2 to the Aircraft Lease Agreement (Return Conditions) by an AD issued by the Compliance Authority (excluding, for the avoidance of doubt, any repair or modification required by Aviation Authority which is not also required by an AD issued by the Compliance Authority) during the Lease Term, complied with on a terminating basis during the Lease Term and having a cost of compliance (determined as provided below) in excess of the AD Threshold Amount, Lessor will reimburse Lessee, subject to the following provisions, for a portion of the cost of compliance with such repair or modification as follows: R = ((P – M)/P) x (C – T) where
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AD Cost Sharing. Commencing on January 1, 2023 and subject to no Default or Event of Default having occurred that is continuing, if the Lessee complies on a terminating action basis with an Airworthiness Directive at any time during the Term then if the total cost to the Lessee of complying with such Airworthiness Directive exceeds REDACTED* (which shall be escalated at 3.5% per annum commencing on January 1, 2024) (the “AD Threshold”), then within thirty (30) days of receipt of a satisfactory detailed invoice specifying the direct invoiced costs (such as parts, labor, materials and taxes) incurred by the Lessee in incorporating such Airworthiness Directive, the Lessor will promptly pay to the Lessee an amount calculated in accordance with the following formula: X = [(Z-Y) * (C-REDACTED*Z Where: “X” = the amount to be reimbursed to the Lessee;
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AD Cost Sharing. Lessor and Lessee agree that during the Term-Out ----------------- Period, Lessor shall not be obligated to contribute to any AD costs, as contemplated in Section 7.4 of the Lease.
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AD Cost Sharing. If Lessee installs any equipment onto the Aircraft and/or conducts work on the Aircraft in order to comply with an Airworthiness Directive issued by the FAA on a terminating action basis (the “Equipment”) and the cost of buying and installing the Equipment onto the Aircraft is more than US $100,000 (the “Qualifying AD Threshold”) (a “Qualifying AD”), then, provided that Lessee: (i) has complied with all of its obligations under the Lease Agreement and no Event of Default has occurred or is continuing; and (ii) has consulted and agreed with Lessor the source of the Equipment, the choice of the maintenance facility for the installation of the Equipment and the relevant workscope for the installation of the Equipment; and (iii) has provided to Lessor satisfactory evidence (including the relevant costs of labour and materials and L▇▇▇▇▇’s payment of those costs) regarding its compliance with the Qualifying AD, (iv) then Lessor shall reimburse to Lessee a portion of those, except (i) in the event of an early termination of this Agreement or (ii) as a result of a Total Loss of the Aircraft, in which case Lessor shall not be obliged to make any payment to Lessee. Lessor’s share of the cost to be reimbursed to Lessee shall be calculated using the following formula; where A = the amount Lessor shall pay to Lessee, B = the cost of buying and installing the Equipment to comply with the Qualifying AD less any subsidy, credit, warranty payment or other benefit received by Lessee in respect of the Qualifying AD, C = the Qualifying AD Threshold amount, and D = the number of months from (i) the earlier of the date that Lessee complies with the Qualifying AD and the required compliance date for the Qualifying AD, to (ii) the date that is 126 months from the Delivery Date.
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AD Cost Sharing 
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Related to AD Cost Sharing

  • Cost Sharing a) With respect to the funding in C6.1a), should there be an amount of employee co-pay, the Trust shall advise boards what that amount shall be. Unless advised otherwise, there will be no deductions upon the Participation Date. b) Any further cost sharing or funding arrangements as per previous local collective agreements in effect as of August 31, 2014 remain status quo.

  • Start-Up Costs The Government of Ontario will provide:

  • PAYMENT OF WAGES AND ALLOWANCES 26:01 Pay Days

  • Data Sharing The GRANTEE BENEFICIARY agrees to share data with the AGENCY as deemed necessary by AGENCY, in its sole discretion, for expenditure validation, trend review, and performance monitoring.

  • Training Costs All costs and expenses incurred by the Contractor in the training of its employees engaged in Petroleum Operations, and such other training as is required by this Agreement.