ENGINE LIFE Sample Clauses

ENGINE LIFE. LIMITED PART CYCLE LIFE REMAINING.Each engine life-limited part shall have at least 25% remaining of its total cycle life until such part's next scheduled replacement or refurbishment under the Maintenance Program. Notwithstanding the immediately preceding sentence, the Aircraft may be returned with more or less cycle life remaining to the next scheduled replacement or refurbishment of any such part. If the Aircraft is returned with less cycle life remaining than 25% for any such part, Lessee shall pay to Lessor, and if the Aircraft is returned with more cycle life remaining than 25% for any such part, Lessor shall pay to Lessee, for each cycle below or above 25%, as applicable, a U.S. dollar amount computed by dividing (I) Lessee's U.S. dollar cost of replacing or refurbishing such part in accordance with the Maintenance Program (at Lessee's internal rates with no mark-up) at the time of return of the Aircraft by (II) the total number of cycles in such part's total cycle life.
Sample 1
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Related to ENGINE LIFE

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  • AIRCRAFT CONFIGURATION The guarantees defined below (the “Guarantees”) are applicable to the A319-100 Aircraft as described in the Standard Specification Ref. J 000 01000 Issue 6 dated 1st March 2007 equipped with:

  • Equipment Installation In order to meet its obligations under this Agreement, a Party that owns, rents, or leases equipment (the equipment owner) may require installation of such equipment on property owned by another Party (the property owner), provided that the property is being used for an electric utility purpose and that the property owner shall not be required to do so if it would thereby be prevented from performing its own obligations or exercising its rights under this Agreement.

  • Compiler’s note On April 16, 2005 Section 705 was added and was effective upon adoption.

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