Common use of Calculation - Eligible Aircraft Delivering in 1997 Clause in Contracts

Calculation - Eligible Aircraft Delivering in 1997. At the time of delivery of each Eligible Aircraft delivering in 1997, Boeing will issue to Customer a credit memorandum (the 1997 Credit Memorandum) which will be applied to the Aircraft Price of such Eligible Aircraft. The 1997 Credit Memorandum is calculated as follows: One-half of the difference between the airframe and special features escalation calculated for a December 1996 aircraft delivery position, and the escalation calculated for the month of delivery of the 1997 Eligible Aircraft; provided however, The maximum amount of the 1997 Credit Memorandum does not exceed 3 percent pursuant to the following calculation: At the time of the delivery of the 1997 Eligible Aircraft, the Base Airframe Price and Special Features prices will be escalated to a December 1996 delivery month. The December 1996 escalated price will be referred to in the following formula as the "December 1996 Index Amount". The 1997 Credit Memorandum for the 1997 Eligible Aircraft will not exceed an amount equal to:

Calculation - Eligible Aircraft Delivering in 1997. At the time of delivery of each Eligible Aircraft delivering in 1997, Boeing will issue to Customer Buyer a credit memorandum (the 1997 Credit Memorandum) which will shall be applied to the Aircraft Purchase Price of such Eligible Aircraft. The 1997 Credit Memorandum is shall be calculated as follows: One-half of the difference between the airframe and special features escalation calculated for a December 1996 aircraft delivery position, and the escalation calculated for the month of delivery of the 1997 Eligible Aircraft; provided however, The maximum amount of the 1997 Credit Memorandum does shall not exceed 3 percent pursuant to the following calculation: At the time of the delivery of the 1997 Eligible Aircraft, the Base Airframe Price and Special Features prices will be escalated to a December 1996 delivery month. The December 1996 escalated price will be referred to in the following formula as the "December 1996 Index Amount". The 1997 Credit Memorandum for the 1997 Eligible Aircraft will not exceed an amount equal to:: the December 1996 Index Amount times 0.03