Aircraft Not Operated for Minimum Period Sample Clauses

Aircraft Not Operated for Minimum Period. If, within the first ***** following delivery of each Aircraft for which a special allowance, of any nature, was provided by CFMI under this Letter Agreement No. 1 (the “Minimum Period”), such aircraft is no longer owned by (i) Airline or a wholly owned subsidiary of Airline, (ii) a trust or other special purpose entity established in connection with the financing of such Aircraft for Airline, or (iii) an entity to which Airline is permitted to assign its rights pursuant to clause (i)(b) of Paragraph A of Article XVIII of the Agreement, the special allowances earned and/or paid on such Aircraft will be proportionately reduced. Airline will reimburse CFMI an amount equal to the proportionate share of the special allowances earned and/or paid with respect to such Aircraft (based on the percentage of the Minimum Period the Aircraft was actually owned by Airline), with interest on such amount. The allowance reimbursement is due no later than ***** from the time Airline ceases to own and operate such Aircraft. *****.
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Aircraft Not Operated for Minimum Period. If Airline sells or otherwise fails to own (other than for sale-leaseback or any other financing purposes) ***** or more of the total delivered Firm Ordered for an average period of ***** any Aircraft for which CFM paid allowances hereunder (the “Minimum Period”), then the allowances earned and/or paid on such sold or non-Airline owned Aircraft will be proportionately reduced. Airline will reimburse CFM an amount equal to the proportionate share of the special allowances earned and/or paid with respect to such Aircraft, (based on the percentage of the Minimum Period the Aircraft was actually owned and operated by Airline), with interest on such amount. The allowance reimbursement is due no later than ***** after written request from CFM, following the time Airline ceases to own and operate such Aircraft. Interest will be calculated at the Prime Rate, plus ***** from the time of initial allowance payment on such Aircraft until the time of full reimbursement. ***** Confidential portions of the material have been omitted and filed separately with the Securities and Exchange Commission. 1. LEAP-X1A26 ***** A. Base prices are effective for basic Spare Engines delivered to Airline by CFM on or before ***** The base prices are for delivery Ex Works, Evendale, Ohio, or FCA, Villaroche, France, subject to adjustment for escalation, and Airline shall be responsible, upon delivery, for the payment of all taxes, duties, fees or other similar charges. B. The selling price of LEAP-X1A basic Spare Engines above delivered after ***** shall be the base price then in effect, which base price shall be subject to adjustment for escalation in accordance with CFM’s then-current escalation provisions. ***** Confidential portions of the material have been omitted and filed separately with the Securities and Exchange Commission. I. The base price for Products purchased hereunder shall be adjusted pursuant to the provisions of this Exhibit. II. For the purpose of this adjustment: ***** C. Each CPI shall be determined to the second decimal place. Calculation shall be to the third decimal digit and if the third decimal digit is five or more, the second decimal digit shall be raised to the next higher figure. If the third decimal digit is less than five, the second decimal figure shall remain as calculated. D. The Base Composite Index (CPIb) shall be the base index stated in the published prices.
Aircraft Not Operated for Minimum Period. If, within the first ***** following delivery of each Aircraft for which a Special Allowance, of any nature, was provided by CFM pursuant to this Agreement or any resulting GTA/Letter Agreement (the “Minimum Period”), such Aircraft is no longer owned by (i) Airline or a wholly owned subsidiary or Airline, (ii) a trust or other special purpose entity established in connection with the financing of such Aircraft for Airline, or (iii) an entity to which Airline is permitted to assign its rights pursuant to clause (i) of Paragraph A of Article XVIII of the Agreement, the Special Allowances earned and/or paid on such Aircraft will be proportionately reduced. Airline will reimburse CFM an amount equal to the proportionate share of the Special Allowances earned and/or paid with respect to such Aircraft, (based on the percentage of the Minimum Period the Aircraft was actually owned and operated by Airline), with interest on such amount. The allowance reimbursement is due no later than ***** from the time Airline ceases to own and operate such Aircraft. Interest will be calculated *****, from the time of initial Special Allowance payment on such Aircraft until the time of full reimbursement.
Aircraft Not Operated for Minimum Period. If, within the first twenty-four months following delivery of each Aircraft for which a special allowance, of any nature, was provided by CFM under this Letter Agreement or resulting GTA (the “Minimum Period”), Airline sells, transfers, trades, exchanges, leases, subleases and fails to operate such Aircraft, the special allowances earned and/or paid on such Aircraft will be proportionately reduced. Airline will reimburse CFM an amount equal to the proportionate share of the special allowances earned and/or paid with respect to such Aircraft, (based on the percentage of the Minimum Period the Aircraft was actually owned and operated by Airline), with interest on such amount. The allowance reimbursement is due no later than ***** from the time Airline ceases to own and operate such Aircraft. Interest will be *****, from the time of initial allowance payment on such Aircraft until the time of full reimbursement.
Aircraft Not Operated for Minimum Period. If Airline sells or otherwise fails to own (other than for sale-leaseback or any other financing purposes) ***** or more of the total delivered Firm Ordered for an average period of ***** any Aircraft for which CFM paid allowances hereunder (the “Minimum Period”), then the allowances earned and/or paid on such sold or non-Airline owned Aircraft will be proportionately reduced. Airline will reimburse CFM an amount equal to the proportionate share of the special allowances earned and/or paid with respect to such Aircraft, (based on the percentage of the Minimum Period the Aircraft was actually owned and operated by Airline), with interest on such amount. The allowance reimbursement is due no later than ***** after written request from CFM, following the time Airline ceases to own and operate such Aircraft. Interest will be calculated at the Prime Rate, plus ***** from the time of initial allowance payment on such Aircraft until the time of full reimbursement. ***** Confidential portions of the material have been omitted and filed separately with the Securities and Exchange Commission.
Aircraft Not Operated for Minimum Period. If, within the first [***] following delivery of each Aircraft for which a special allowance, of any nature, was provided by CFM pursuant to this Agreement or any resulting GTA/Letter Agreement (the “Minimum Period”), Airline sells, transfers, trades, exchanges, leases, [***] or Airline otherwise fails to operate such Aircraft, the special allowances earned and/or paid on such Aircraft will be proportionately reduced. Airline will reimburse CFM an amount equal to the proportionate share of the special allowances paid with respect to such Aircraft and CFM will cancel a proportion of an earned but not paid special allowance. In each case, the proportion of the special allowance to be reimbursed or canceled will be the percentage of the Minimum Period the Aircraft was owned and operated by Airline with interest on the reimbursed amount. [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] 1. [***] 2. [***]

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