Aircraft Expenses. As used herein, “
Aircraft Expenses. Effective as of the Termination Date, Lessor shall assume and pay all personnel and operating costs for the Aircraft, including the monthly hangar rental and insurance costs.
Aircraft Expenses. Lessee shall, at Lessee’s expense, obtain all pilots, crew, fuel, oil, lubricants, storage away from the Operating Base, and other services and supplies required for Lessee’s operation and return of the Aircraft. Lessor, at no cost or expense to Lessee, shall:
Aircraft Expenses. HealthSouth maintained a fleet of up to thirteen aircraft and one helicopter which were used for both patient care and non-patient care business, and for non-business purposes. In addition to improperly claiming expenses associated with fictitious assets and unallowable contributions, and non-patient care usage of the aircraft on its Home Office Cost Statements, portions of which were allocated to the individual provider cost reports for cost reporting periods ending between January 1, 1995 and December 31, 2001, HealthSouth also claimed depreciation and operating costs for the aircraft on the same Home Office Cost Statements and provider cost reports. The claims for depreciation and operating expenses were improper because (1) the number of aircraft and associated overhead claimed for was excessive; (2) the most expensive aircraft (and therefore the aircraft having the largest amount of cost) were primarily used for non-patient care purposes; and (3) in 2000 and 2001, HealthSouth continued to claim reimbursement for depreciation for two aircraft that it had sold in 1999.
Aircraft Expenses. The term "Aircraft Expenses" means the expenses incurred by Oakley in maintaining and operating the Aircraft (including all fixed as well as Operating Expenses) during the applicable calendar quarter or calendar year. These expenses include, but are not limited to, fuel, oil and other lubricant costs, salaries and benefits for pilots, maintenance personnel, and other personnel assigned to the Aircraft; meal and lodging expenses of flight personnel, take-off and landing fees; costs for maintenance and maintenance flights; costs of on board refreshments, amenities, or gifts; hangar fees (at home or away); management fees; amounts deductible under Section 179 of the Internal Revenue Code of 1986, as amended; Monthly Rent, prorated Base Annual Rent, and all other amounts incurred, payable or reimbursable by Oakley hereunder (including, without limitation, Section 9 hereof). N2T and Oakley agree that the definition of Aircraft Expenses is based on federal income tax law, rules and regulations as in effect the date hereof. Upon any applicable change in tax law, the parties will work together in good faith to conform this provision.
