Equivalency Charge Sample Clauses

Equivalency Charge. Failure to comply with the above standards relating to average time or average cycles, if then applicable, with respect to the Aircraft or Engines shall result in a compensating payment by Lessee equal to the value of such Discrepancy, net of the value to the extent that any of the foregoing standards is exceeded with respect to the Aircraft or Engines (such value to be based on the then-current estimated third-party cost to Lessee of the overhaul involved to meet such standards); provided, however, that for purposes of determining the value of any components that exceed such standards, no credit shall be given to Lessee for any major components with less than 25% life remaining at return.
View SourceView Similar (2)
Equivalency Charge. If the Lessee does not meet any of the remaining life conditions set forth in Section 1.1 and 1.2, unless otherwise specified therein, in place of correcting the specified hour, cycle or calendar life deficiency, Lessee may elect to pay to Lessor an Equivalency Charge (for deficient condition) calculated in accordance with the following formula (if the formula results in a positive amount): Where:
View SourceView Similar (2)
Equivalency Charge. If the Sublessee does not meet any of the remaining life conditions set forth in Section 1.1 and 1.2, unless otherwise specified therein, in place of correcting the specified hour, cycle or calendar life deficiency, Sublessee may elect to pay to Sublessor an Equivalency Charge (for deficient condition) calculated in accordance with the following formula (if the formula results in a positive amount): Pmt = [A (b-c)]/d Where:
View SourceView Similar (2)
Equivalency Charge. In the event that any of the Engines does not meet the conditions set forth in Clause 8 of Section 16.1 above, Lessee shall pay Lessor an amount equal to 100% of the sum of (i) for each Engine, the product of the manufacturer's then current estimated cost of the next scheduled hot section inspection (including in such estimated cost all required replacements of life-limited parts), multiplied by a fraction, the numerator of which shall be the remainder (zero (0) if negative) of (x) the actual number of hours of operation since the previous hot section inspection, minus (y) 50% of the total operating hours allowable between hot section inspections, and the denominator of which shall be the total operating hours allowable between hot section inspections, and (ii) for each Engine, 100% of the product of the manufacturer's then current estimated cost of the next scheduled major overhaul (including in such estimated cost all required replacements of life-limited parts), multiplied by a fraction, the numerator of which shall be the remainder (zero (0) if negative) of (x) the actual number of hours of operation since the previous major overhaul, minus (y) 50% of the total operating hours allowable between major overhauls, and the denominator of which shall be the total operating hours allowable between major overhauls (provided, however, that if the cost for an overhaul used in this clause (ii) includes the cost of a hot section inspection, only the amount in clause (ii) and not the amount in clause (i) shall be due). All prorated inspection and/or overhaul charges, if any, shall be payable as Supplemental Rent and shall be due upon presentation to Lessee of an invoice setting forth in reasonable detail the calculation of such amounts due. In the event that Lessee does not meet the conditions in 16.1, paragraph 7 with respect to the Airframe, Lessee shall pay Lessor the product of: the then current estimated cost of the next scheduled structural program inspection C Check (including in such estimated cost, all required replacement of life limited parts) multiplied by the fraction wherein the numerator shall be the remainder (zero (0) if negative) of (x) the actual number of respective operating hours of operation since the previous structural program inspection C Check, minus (y) 50% of the respective total operating hours of operation allowable between such inspections, and the denominator shall be the respective total operating hours of operation allowable betw...
View Source
Equivalency Charge. In the event that any of the Engines does not meet the conditions set forth in Clause 8 of Section 16.01 above, Lessee shall pay Lessor an amount for each such Engine equal to the product of (1) the ratio that the time (or cycles) accumulated since allowable time (or cycles) bears to the time (or cycles) allowable, and (2) the then current rates charged by Lessee's Aeronautics Authority approved engine repair contractor for such maintenance.
View Source
Equivalency Charge. If the Engines do not meet the condition set forth in paragraph 3 above, then Lessee shall pay an Equivalency Charge for the Engines in accordance with the following formula. This formula shall be calculated individually for each life-limited part (LLP) for each Engine: Pmt = X* (1,000 - LLPx) WHERE:
View Source

Related to Equivalency Charge

  • Service Charge The Tenant must pay the Service Charge in accordance with Part 1 of Schedule 3. The Tenant must pay: VAT on any consideration in respect of a VAT Supply to the Tenant by the Landlord at the same time as the consideration is paid; and on demand VAT (and interest, penalties and costs where these are incurred because of anything the Tenant does or fails to do) charged in respect of any VAT Supply to the Landlord in respect of the Premises where that VAT is not recoverable by the Landlord from HM Revenue & Customs. The Tenant must not do anything that would result in the disapplication of the option to tax in respect of the Landlord’s interest in the Estate. The Tenant must pay interest on the Rents and on all other sums not paid on or by the due date (or, if no date is specified, not paid within 10 Business Days after the date of demand). Interest will be payable at the Interest Rate for the period starting on the due date (or date of demand) and ending on the date of payment. The Tenant must pay on demand the Landlord’s costs (including legal and surveyor’s charges and bailiff’s and enforcement agent’s fees) and disbursements in connection with: any breach of the Tenant’s obligations in this Lease, including the preparation and service of a notice under section 146 of the 1925 Act; any application by the Tenant for consent under this Lease, whether that application is withdrawn or consent is granted or lawfully refused, except in cases where the Landlord is required to act reasonably and the Landlord unreasonably refuses to give consent; [and] [carrying out works to the Premises to improve their Environmental Performance where the Tenant, in its absolute discretion, has consented to the Landlord doing so; and]45 the preparation and service of a schedule of dilapidations served no later than six months after the End Date. Third party indemnity46 The Tenant must indemnify the Landlord against all actions, claims, demands made by a third party, all costs, damages, expenses, charges and taxes payable to a third party and the Landlord’s own liabilities, costs and expenses incurred in defending or settling any action, claim or demand in respect of any personal injury or death, damage to any property and any infringement of any right, in each case arising from: the state and condition of the Premises or the Tenant’s use of them; the exercise of the Tenant’s rights; or the carrying out of any Permitted Works. In respect of any claim covered by the indemnity in clause 4.7.1, the Landlord must: give formal notice to the Tenant of the claim as soon as reasonably practicable after receiving notice of it; provide the Tenant with any information and assistance in relation to the claim that the Tenant may reasonably require and the Landlord is lawfully able to provide, subject to the Tenant paying to the Landlord all costs incurred by the Landlord in providing that information and assistance; and mitigate its loss (at the Tenant’s cost) where it is reasonable for the Landlord to do so.

  • Finance Charge Each Receivable provides for the payment of a finance charge or shall yield interest calculated on the basis of an APR ranging from 0.50% to 22.05%.

  • Sales Charge Shares shall be sold by you at net asset value plus a front-end sales charge not in excess of 8.5% of the offering price, but which front-end sales charge shall be proportionately reduced or eliminated for larger sales and under other circumstances, in each case on the basis set forth in the current Prospectus and/or SAI. The redemption proceeds of shares offered and sold at net asset value with or without a front-end sales charge may be subject to a contingent deferred sales charge ("CDSC") under the circumstances described in the current Prospectus and\or SAI. You may reallow such portion of the front-end sales charge to dealers or cause payment (which may exceed the front-end sales charge, if any) of commissions to brokers through which sales are made, as you may determine, and you may pay such amounts to dealers and brokers on sales of shares from your own resources (such dealers and brokers shall collectively include all domestic or foreign institutions eligible to offer and sell the Shares), and in the event the Fund has more than one Series or class of Shares outstanding, then you may impose a front-end sales charge and/or a CDSC on Shares of one Series or one class that is different from the charges imposed on Shares of the Fund's other Series or class(es), in each case as set forth in the current Prospectus and/or SAI, provided the front-end sales charge and CDSC to the ultimate purchaser do not exceed the respective levels set forth for such category of purchaser in the current Prospectus and/or SAI.

  • Costs Charged Cost shall be charged to this contract only in accordance with the County and other requirements as required by funding source(s).

  • Electricity Charges The licensee herein shall pay the electricity bills directly for energy consumed on the licensed premises and should submit original receipts to Licensor indicating that the electricity bills are paid.