Block Hour Rate Clause Samples
The Block Hour Rate clause defines the fixed cost charged per hour of aircraft operation, typically measured from the moment an aircraft leaves the gate until it returns. This rate is commonly used in aircraft leasing or charter agreements, where the lessee pays based on the actual hours the aircraft is in use, rather than a flat fee or per-flight charge. By specifying a clear hourly rate, this clause ensures predictable budgeting for the lessee and fair compensation for the lessor, effectively aligning payment with actual aircraft utilization.
Block Hour Rate. The Block Hour Rate for the time period through December 31, 2005 shall be calculated by multiplying the Base Block Hour Rate as follows for the applicable period by (1 + CPPIB): Effective Date – 12/31/03 [***] 01/01/04 - 12/31/04 [***] 01/01/05 - 12/31/05 [***]
Block Hour Rate. The Block Hour Rate for 2010 shall be ***. The Block Hour Rate for 2011 and any year thereafter shall be adjusted in accordance with Section 5.10.
Block Hour Rate. The Block Hour Rate for the time period between the Effective Date through December 31, 2012 shall equal the aggregate sum of the sub-categories denoted with a “Block Hours” Driver set forth in Attachment D for the appropriate year as set forth in Attachment D.
Block Hour Rate. The Block Hour Rate for the time period through March 31, 2006 shall be $***. For each 12-month period beginning with April 1, 2006, the Block Hour Rate shall be equal to the Block Hour Rate for the immediately preceding 12-month period multiplied by ***.
Block Hour Rate. Except as provided in Article 4.1, the Aircraft’s Block Hour Rate shall be Five Thousand Three Hundred Fifty Dollars ($5,350.00 USD) for each Block Hour performed, per the Operating Schedule as specified in Annex “B.” defined herein as (“The Operating Schedule”) and as recorded on the Aircraft log pages.