Credit Allowance Calculation Sample Clauses
The Credit Allowance Calculation clause defines the method for determining the amount of credit a party is entitled to under specific circumstances, such as service outages or underperformance. Typically, this clause outlines the formula or criteria used to calculate credits, specifying the events that trigger a credit and the timeframe for calculation. Its core function is to ensure transparency and fairness in compensating parties when agreed-upon standards are not met, thereby allocating risk and providing a clear remedy for service deficiencies.
Credit Allowance Calculation. A credit of [*] will be granted by IAE for each Eligible Engine Shop Visit determined as calculated below to be in excess of the Guaranteed Rate during the Period of Guarantee. An annual calculation will be made no later than [*] after each yearly anniversary of the commencement of the Period of Guarantee provided that the necessary Engine Shop Visit records and Eligible Engine flight hour information have been reported to IAE. Each annual calculation will be made using data that will be cumulative from the start of the Period of Guarantee. An interim credit will be granted, if necessary, following the annual calculations for the second year and each subsequent year of the Period of Guarantee. If subsequent annual calculations show that on a cumulative basis, a previous interim credit (or portion thereof) was excessive, such excess amount shall be subject to repayment which will be effected by IAE issuing a debit against AAH’s account with IAE. Credits and debits will be applied to AAH’s account with IAE not later than thirty (30) days following a calculation for the second year and each subsequent year of the Period of Guarantee, as applicable. Credit Allowance = (AR - GR) x [*] where:
Credit Allowance Calculation. A credit of [*] U.S. Dollars will be granted by IAE for each Eligible Inflight Shutdown determined as calculated below to be in excess of the Guaranteed Rate during the Period of Guarantee. An annual calculation will be made no later than sixty (60) days after each yearly anniversary of the commencement of the Period of Guarantee provided that the necessary Inflight Shutdown records and Eligible Engine flight hour information have been reported to IAE. Each annual calculation will be made using data that will be cumulative from the start of the Period of Guarantee. An interim credit will be granted, if necessary, following the annual calculations for the second year and each subsequent year of the Period of Guarantee. If subsequent annual calculations show that on a cumulative basis, a previous interim credit (or portion thereof) was excessive, such excess amount shall be subject to repayment which will be effected by IAE issuing a debit against AAH’s account with IAE. Credits and debits will be applied to AAH’s account with IAE not later than thirty (30) days following a calculation for the second year and each subsequent year of the Period of Guarantee, as applicable. The Credit Allowance = (AI - GI) x [*] Where:
Credit Allowance Calculation. A credit of [*] will be granted by IAE for each Eligible Remote Site Removal determined as calculated below to be in excess of the Guaranteed Rate during the Period of Guarantee. An annual calculation will be made no later than sixty (60) days after each yearly anniversary of the commencement of the Period of Guarantee provided that the necessary Remote Site Removal records and Eligible Engine flight hour information have been reported to IAE. Each annual calculation will be made using data that will be cumulative from the start of the Period of Guarantee. An interim credit will be granted, if necessary, following the annual calculations for the second year and each subsequent year of the Period of Guarantee. If subsequent annual calculations show that on a cumulative basis, a previous interim credit (or portion thereof) was excessive, such excess amount shall be subject to repayment which will be effected by IAE issuing a debit against AAH’s account with IAE. Credits and debits will be applied to AAH’s account with IAE not later than thirty (30) days following a calculation for the second year and each subsequent year of the Guarantee Period, as applicable. Credit Allowance = [*] CRSR = Total Eligible Remote Site Removals during the period of the calculation. RSR = [*] x total Engine flight hours accumulated on Eligible Engines during the period of the calculation. (Note: RSR will be rounded to the nearest whole number)
Credit Allowance Calculation. As part of the credit allowance calculation, ACA must provide all maintenance logs which support the quantity of oil consumed for all ACA flights. An annual calculation will be made by IAE (with ACA having the right to audit such calculation upon request) no later than [***] after each yearly anniversary of the commencement of the Period of Guarantee provided that the necessary maintenance logs and Eligible Engine flight hour information have been reported to IAE. Each annual calculation will be made using data that will be cumulative from the start of the Period of Guarantee. An interim credit will be granted, if then available, following the annual calculations for the second year and each subsequent year of the Period of Guarantee. If subsequent annual calculations show that on a cumulative basis, a previous interim credit (or portion thereof) was excessive, such excess amount shall be subject to repayment which will be effected by IAE issuing a debit against ACA's account with IAE. Credits and debits will be applied to ACA's account with IAE not later than [***] following a calculation for the second year and each subsequent year of the Period of Guarantee, as applicable. Credit Allowance = (AR-GR) X Oil Costs where: AR = Actual oil consumption per Engine Flight Hour GR = [***] quart per Engine Flight Hour Oil Cost = all reasonable and customary Eligible Engine oil consumption costs incurred by ACA during the Period of the guarantee, as agreed between ACA and IAE. III