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:

Appears in 3 contracts

Samples: Purchase Agreement (Atlas Air Inc), Purchase Agreement (Atlas Air Inc), Purchase Agreement (Atlas Air Inc)

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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:: [XXXXXX] of the difference between the Aircraft escalation calculated for a December [XX] aircraft delivery position, and the escalation calculated for the month of delivery of the [XX] Eligible Aircraft;

Appears in 2 contracts

Samples: Purchase Agreement (Western Pacific Airlines Inc /De/), Purchase Agreement (Western Pacific Airlines Inc /De/)

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