Common use of Aircraft Not Operated for Minimum Period Clause in Contracts

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. CFM PROPRIETARY INFORMATION (subject to restrictions on first page) ***** Confidential portions of the material have been omitted and filed separately with the Securities and Exchange Commission. LETTER AGREEMENT NO. 6 ATTACHMENT C BASE PRICES FOR SPARE ENGINES Prices Applicable to Deliveries through ***** Item Base Price 2010 US Dollars CPI=*****

Appears in 1 contract

Samples: Letter Agreement (Virgin America Inc.)

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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. CFM PROPRIETARY INFORMATION (subject to restrictions on first page) ***** Confidential portions of the material have been omitted and filed separately with the Securities and Exchange Commission. LETTER AGREEMENT NO. 6 ATTACHMENT C BASE PRICES FOR SPARE ENGINES Prices Applicable to Deliveries through ***** Item Base Price 2010 US Dollars CPI=*****C

Appears in 1 contract

Samples: General Terms Agreement (Virgin America Inc.)

Aircraft Not Operated for Minimum Period. If Airline sells or otherwise fails to own (other than for sale-leaseback or any other financing purposes) If, within the first ***** or more following delivery of the total delivered Firm Ordered for an average period of ***** any each Aircraft for which a special allowance, of any nature, was provided by CFM paid allowances hereunder pursuant to this Agreement (the “Minimum Period”), then Republic sells, transfers, trades, exchanges, leases, subleases or otherwise fails to own and operate such Aircraft, the special allowances earned and/or paid on such sold or non-Airline owned Aircraft will be proportionately reduced. Airline Republic 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 AirlineRepublic), with interest on such amountamount as provided below. The allowance reimbursement is due no later than ***** after written request from CFM, following the time Airline Republic 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. CFM PROPRIETARY INFORMATION (subject to restrictions on first page) ***** Confidential portions of the material have been omitted and filed separately with the Securities and Exchange Commission. LETTER AGREEMENT NO. 6 ATTACHMENT C BASE PRICES FOR CFM LEAPX SPARE ENGINES Prices Applicable to Deliveries through December 31, 2025 Item Base Price ***** Item Base Price 2010 US Dollars CPI=1 CFM-LEAPX1A24 ***** 2 CFM-LEAPX1A26 ***** 3 CFM-LEAPX1A32 *****

Appears in 1 contract

Samples: Letter Agreement (Frontier Group Holdings, Inc.)

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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) If, within the first ***** or more following delivery of the total delivered Firm Ordered for an average period of ***** any each Aircraft for which a special allowance, of any nature, was provided by CFM paid allowances hereunder pursuant to this Agreement (the “Minimum Period”), then Republic sells, transfers, trades, exchanges, leases, subleases or otherwise fails to own and operate such Aircraft, the special allowances earned and/or paid on such sold or non-Airline owned Aircraft will be proportionately reduced. Airline Republic 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 AirlineRepublic), with interest on such amountamount as provided below. The allowance reimbursement is due no later than ***** after written request from CFM, following the time Airline Republic 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. CFM PROPRIETARY INFORMATION (subject to restrictions on first page) ***** *Confidential portions of the material have been omitted and filed separately with the Securities and Exchange Commission. LETTER AGREEMENT NO. 6 ATTACHMENT C BASE PRICES FOR CFM LEAPX SPARE ENGINES Prices Applicable to Deliveries through December 31, 2025 Item Base Price ***** Item Base Price 2010 US Dollars CPI=1 CFM-LEAPX1A24 ***** 2 CFM-LEAPX1A26 ***** 3 CFM-LEAPX1A32 *****

Appears in 1 contract

Samples: Letter Agreement (Frontier Group Holdings, Inc.)

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