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Common use of APU Clause in Contracts

APU. (a) The APU shall be serviceable in accordance with the Approved Maintenance Program parameters; (b) The APU will have not less than half-time remaining to the next shop visit based upon the AMR reliability program and the APU manufacturer's MTBR statistics; and (c) If the APU: (i) has fewer Flight Hours remaining until the next scheduled removal for overhaul under the Agreed Maintenance Program than it had on the Delivery Date, then the Lessee shall pay to the Lessor an amount equal to the product of (i) such difference, multiplied by (ii) US$9.00 per Flight Hour; and (ii) has a greater number of Flight Hours remaining until the next scheduled removal for overhaul under the Agreed Maintenance Program than it had on the Delivery Date, then the Lessor shall pay to the Lessee an amount equal to the product of (i) such difference, multiplied by (ii) US$9.00 per Flight Hour.

Appears in 4 contracts

Samples: Lease Agreement (Afg Investment Trust C), Lease Agreement (American Income Fund I-C LTD Partnership), Lease Agreement (American Income Fund I-D LTD Partnership)