Common use of Aircraft Not Owned for Planned Period Clause in Contracts

Aircraft Not Owned for Planned Period. If Airline sells or otherwise fails to own (other than for sale-leaseback or any other financing purposes) *****any Aircraft for which CFM paid allowances hereunder, 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 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). ***** Confidential portions of the material have been omitted and filed separately with the Securities and Exchange Commission.

Appears in 1 contract

Samples: General Terms Agreement (Virgin America Inc.)

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Aircraft Not Owned for Planned Period. If Airline sells or otherwise fails to own (other than for sale-leaseback or any other financing purposes) for an average period of *****any * or more of the total delivered Aircraft for which CFM paid allowances hereunder, 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 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). ***** Confidential portions of the material have been omitted and filed separately with the Securities and Exchange Commission.

Appears in 1 contract

Samples: General Terms Agreement (Virgin America Inc.)

Aircraft Not Owned for Planned Period. If Airline sells or otherwise fails to own (other than for sale-leaseback or any other financing purposes) ****** any Aircraft for which CFM paid allowances hereunder, 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 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). ***** Confidential portions of the material have been omitted and filed separately with the Securities and Exchange Commission.

Appears in 1 contract

Samples: General Terms Agreement (Virgin America Inc.)

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Aircraft Not Owned for Planned Period. If Airline sells or otherwise fails to own (other than for sale-leaseback or any other financing purposes) for an average period of *****any * or more of the total delivered Aircraft for which CFM paid allowances hereunder, then the allowances earned and/or paid on such sold or non-Airline ***** Confidential portions of the material have been omitted and filed separately with the Securities and Exchange Commission. LETTER AGREEMENT NO. 1 owned Aircraft will be proportionately reduced. Airline will reimburse CFM an amount equal to the proportionate share of the 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). ***** Confidential portions of the material have been omitted and filed separately with the Securities and Exchange Commission.

Appears in 1 contract

Samples: General Terms Agreement (Virgin America Inc.)

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