ENGINES TIME REMAINING Sample Clauses

ENGINES TIME REMAINING. Each Engine returned with the Aircraft shall have at least 25% remaining time until its next required performance restoring overhaul under the Maintenance Program (based on Lessee's mean time between such overhauls for engines of the same type operated by Lessee) as measured by hour, cycle or calendar day, whichever is applicable and most limiting. Notwithstanding the immediately preceding sentence, the Aircraft may be returned with more or less time remaining to the next required performance restoring overhaul of any such Engine. If the Aircraft is returned with less time remaining than 25% for any such Engine, Lessee shall pay to Lessor, and if the Aircraft is returned with more time remaining than 25% for any such Engine, Lessor shall pay to Lessee, for each hour, cycle or calendar day below or above 25%, as applicable, a U.S. dollar amount computed by dividing (I) Lessee's U.S. dollar cost of completing a performance restoring overhaul of such Engine 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 hours, cycles or calendar days, as applicable, in the applicable performance restoring overhaul interval for such Engine.
Sample 1
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