Common use of Budget and Reports Clause in Contracts

Budget and Reports. Manager shall provide Client with an annual budget of costs incurred and revenue realized in owning and operating the Aircraft. Within thirty (30) days after the end of each calendar month during the Term of this Agreement, Manager shall provide Client with a monthly report regarding the operation of the Aircraft for the preceding month which shall include: ****Certain confidential portions of this document have been intentionally omitted from this exhibit and will be separately filed with the Commission. (i) The number of charter hours flown and Client's share of charter flight time revenue for each charter flight; (ii) All costs incurred with respect to operating the Aircraft, including reimbursements and compensation payable to Manager pursuant to Section 15; and (iii) Copies of all invoices, statements, charge slips and other documentation reasonably requested by Client substantiating expenses billed to Client for the operation or maintenance of the Aircraft.

Appears in 1 contract

Samples: Executive Aircraft Management and Charter Services Agreement (Jet Token Inc.)

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Budget and Reports. Manager shall provide Client with an annual budget of costs incurred and revenue realized in owning and operating the Aircraft. Within thirty (30) days after the end of each calendar month during the Term of this Agreement, Manager shall provide Client with a monthly report regarding the operation of the Aircraft for the preceding month which shall include: ****Certain confidential portions of this document have been intentionally omitted from this exhibit and will be separately filed with the Commission.: (i) The number of charter hours flown and Client's share of charter flight time revenue for each charter flightflown; (ii) All costs incurred with respect to operating the Aircraft, including reimbursements and compensation payable to Manager pursuant to Section 15; and (iii) Copies of all invoices, statements, charge slips and other documentation reasonably requested by Client substantiating expenses billed to Client for the operation or maintenance of the Aircraft.

Appears in 1 contract

Samples: Executive Aircraft Management Agreement (Oxbridge Acquisition Corp.)

Budget and Reports. Manager shall provide Client with an annual budget of costs incurred and revenue realized in owning and operating the Aircraft. Within thirty (30) days after the end of each calendar month during the Term of this Agreement, Manager shall provide Client with a monthly report regarding the operation of the Aircraft for the preceding month which shall include: ***** Certain confidential portions of this document have been intentionally omitted from this exhibit and will be separately filed with the Commission. (i) The number of charter hours flown and Client's ’s share of charter flight time revenue for each charter flight; (ii) All costs incurred with respect to operating the Aircraft, including reimbursements and compensation payable to Manager pursuant to Section 15; and (iii) Copies of all invoices, statements, charge slips and other documentation reasonably requested by Client substantiating expenses billed to Client for the operation or maintenance of the Aircraft.

Appears in 1 contract

Samples: Executive Aircraft Management and Charter Services Agreement (Oxbridge Acquisition Corp.)

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Budget and Reports. Manager shall provide Client with an annual budget of costs incurred and revenue realized in owning and operating the Aircraft. Within thirty (30) days after the end of each calendar month during the Term of this Agreement, Manager shall provide Client with a monthly report regarding the operation of the Aircraft for the preceding month which shall include: ****Certain confidential portions of this document have been intentionally omitted from this exhibit and will be separately filed with the Commission.: (i) The number of charter hours flown and Client's ’s share of charter flight time revenue for each charter flight; (ii) All costs incurred with respect to operating the Aircraft, including reimbursements and compensation payable to Manager pursuant to Section 15; and (iii) Copies of all invoices, statements, charge slips and other documentation reasonably requested by Client substantiating expenses billed to Client for the operation or maintenance of the Aircraft.

Appears in 1 contract

Samples: Executive Aircraft Management and Charter Services Agreement (Oxbridge Acquisition Corp.)

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