Excess Fuel Consumption Credit Calculation Sample Clauses

Excess Fuel Consumption Credit Calculation. If at the end of each Period of Calculation the Fleet Average Fuel Consumption Deterioration exceeds the Guaranteed Rate, IAE will grant New Air a credit in respect to excess fuel consumption calculated in accordance with the following formula: C = (D-GR)% YHF where: C = the amount of the credit in U.S. dollars D = the Fleet Average Fuel Consumption Deterioration (in percent) GR = the Guaranteed Rate Y = initial cruise fuel flow of new Eligible Engines expressed in U.S. gallons per hour to be established within 30 days of start of operation (per ECM II program) H = the total of all flight hours flown by New Air's Eligible Engines during that portion of the Period of Guarantee that the Guarantee level has been exceeded. F = The average net cost to New Air in U.S. Dollars per U.S. Gallon of aviation fuel consumed by New Air during the Period of Guarantee.
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Excess Fuel Consumption Credit Calculation. If at the end of each Period of Calculation the Fleet Average Fuel Consumption Deterioration exceeds the Guaranteed Rate, IAE will grant AAH a credit in respect to excess fuel consumption calculated in accordance with the following formula: C = [*] where:
Sample 1Sample 2
Excess Fuel Consumption Credit Calculation. If at the end of the Period of Guarantee the Final Fleet Average Fuel Consumption Deterioration exceeds the Guaranteed Margin, IAE will grant Midway a credit in respect to excess fuel consumption calculated in accordance with the following formula: C = (D-GM)% YHF where: C = the amount of the credit in U.S. dollars D = the Final fleet Average Fuel Consumption Deterioration GM = the Guaranteed Margin Y = average cruise fuel flow of new Eligible Engines expressed in U.S. gallons per hour H = the total of all flight hours flown by Midway's Eligible Engines during the Period of Guarantee F = The average net cost to Midway in U.S. Dollars per U.S. Gallon (after deduction of subsidies or government or other allowances received by Midway), of aviation fuel consumed by Midway during the Period of Guarantee.
Sample 1
Excess Fuel Consumption Credit Calculation. If at the end of each Period of Calculation the Fleet Average Fuel Consumption Deterioration exceeds the Guaranteed Margin, IAE will grant ACA a credit in respect to excess fuel consumption calculated in accordance with the following formula: C = (D-GM)% YHF where: C = the amount of the credit in U.S. dollars D = the Fleet Average Fuel Consumption Deterioration GM = the Guaranteed Margin Y = average cruise fuel flow of new Eligible Engines expressed in U.S. gallons per hour at the time of commencement of commercial operation for each such Eligible Engine H = the total of all flight hours flown by ACA's Eligible Engines during the Period of Calculation F = The average net cost to ACA in U.S. Dollars per U.S. Gallon (after deduction of subsidies or government or other allowances received by ACA), of aviation fuel consumed by ACA during the Period of Calculation. If subsequent annual calculations show that on a cumulative basis, a previous credit (or portion thereof) was in excess of that due under this Guarantee, such excess amount shall be subject to repayment which will be effected by IAE issuing a debit against ACA's account with IAE. At ACA's option, the Credit Calculation may be made using the ECM Trend Monitoring Program. In such an event, the above-referenced reporting requirements will be satisfied through provision by ACA of the necessary reporting data as part of the ECM Trend Monitoring Program and will be provided to IAE on a regular basis. III
Sample 1
Excess Fuel Consumption Credit Calculation. If at the [***] the Final Fleet Average Fuel Consumption Deterioration exceeds the Guaranteed Margin, IAE will grant AWA a credit in respect to excess fuel consumption calculated in accordance with the following formula: C = (D-GM) YHF where: C = the amount of the credit in U.S. dollars D = the Final Fleet Average Fuel Consumption Deterioration (expressed as a percentage) GM = the Guaranteed Margin (expressed as a percentage) Y = average cruise fuel flow of Eligible Engines expressed in U.S. gallons per hour H = the total of all flight hours flown by Eligible Engines during the Period of Guarantee F = [***] ---------- [*] indicates Redacted material
Sample 1

Related to Excess Fuel Consumption Credit Calculation

  • Yield Calculation The Bank will compute the performance results of the Fund (the "Yield Calculation") in accordance with the provisions of Release No. 33-6753 and Release No. IC-16245 (February 2, 1988) (the "Releases") promulgated by the Securities and Exchange Commission, and any subsequent amendments to, published interpretations of or general conventions accepted by the staff of the Securities and Exchange Commission with respect to such releases or the subject matter thereof ("Subsequent Staff Positions"), subject to the terms set forth below:

  • Variances From Operating Budget Furnish Agent, concurrently with the delivery of the financial statements referred to in Section 9.7 and each monthly report, a written report summarizing all material variances from budgets submitted by Borrowers pursuant to Section 9.12 and a discussion and analysis by management with respect to such variances.

  • Daily Management Fee Calculation For each calendar day, each class of each Fund shall accrue a fee calculated by multiplying the Per Annum Management Fee Rate for that class times the net assets of the class on that day, and further dividing that product by 365 (366 in leap years).

  • Minimum Consolidated Adjusted EBITDA The Borrowers will maintain, as of the last day of each Fiscal Quarter commencing with the Fiscal Quarter ending December 31, 2009, Consolidated Adjusted EBITDA for the four Fiscal Quarters then ended of not less than $22,500,000.

  • Availability of Earnings Statements The Company shall make generally available to holders of its securities as soon as may be practicable but in no event later than the last day of the fifteenth (15th) full calendar month following the calendar quarter in which the most recent effective date occurs in accordance with Rule 158 of the Rules and Regulations, an earnings statement (which need not be audited but shall be in reasonable detail) for a period of twelve (12) months ended commencing after the effective date, and satisfying the provisions of Section 11(a) of the Act (including Rule 158 of the Rules and Regulations).

  • Interest Rates and Letter of Credit Fee Rates Payments and Calculations (a) Interest Rates. Except as provided in Section 2.13(c) and Section 2.15(a), all Obligations (except for the undrawn portion of the face amount of Letters of Credit) that have been charged to the Loan Account pursuant to the terms hereof shall bear interest at a per annum rate equal to the lesser of (i) the LIBOR Rate plus the Applicable Margin, or (ii) the maximum rate of interest allowed by applicable laws; provided, that following notice to Borrower in accordance with Section 2.15(a) hereof, all Obligations that have been charged to the Loan Account pursuant to the terms hereof shall bear interest at a per annum rate equal, during the duration of the circumstances described in Section 2.15(a), to the lesser of (A) the Base Rate plus the Applicable Margin as calculated pursuant to Section 2.15(a) or (B) the maximum rate of interest allowable by applicable laws.

  • Consolidated Excess Cash Flow Subject to Section 2.14(g), if there shall be Consolidated Excess Cash Flow for any Fiscal Year beginning with the Fiscal Year ending December 31, 2018, the Borrowers shall, within ten Business Days of the date on which the Borrowers are required to deliver the financial statements of Holdings and its Restricted Subsidiaries pursuant to Section 5.1(b), prepay the Loans and/or certain other Obligations as set forth in Section 2.15(b) in an aggregate amount equal to (i) 50% of such Consolidated Excess Cash Flow minus (ii) voluntary prepayments of the Loans, First Lien Loans or Refinanced Debt (as defined in the First Lien Credit Agreement) made during such Fiscal Year (excluding repayments of revolving First Lien Loans or Refinanced Debt (as defined in the First Lien Credit Agreement) except to the extent the applicable revolving credit commitments are permanently reduced in connection with such repayments) paid from Internally Generated Cash (provided that such reduction as a result of prepayments made pursuant to Section 10.6(k) shall be limited to the actual amount of cash used to prepay principal of Term Loans, First Lien Loans or Refinanced Debt (as defined in the First Lien Credit Agreement) (as opposed to the face amount thereof)); provided, if, as of the last day of the most recently ended Fiscal Year, the Consolidated Total Net Leverage Ratio (determined for such Fiscal Year by reference to the Compliance Certificate delivered pursuant to Section 5.1(c) calculating the Consolidated Total Net Leverage Ratio as of the last day of such Fiscal Year) shall be (A) less than or equal to 4.50:1.00 but greater than 4.00:1.00, the Borrowers shall only be required to make the prepayments and/or reductions otherwise required hereby in an amount equal to (1) 25% of such Consolidated Excess Cash Flow minus (2) voluntary repayments of the Loans, First Lien Loans or Refinanced Debt (as defined in the First Lien Credit Agreement) made during such Fiscal Year (excluding repayments of revolving First Lien or Refinanced Debt (as defined in the First Lien Credit Agreement) except to the extent the applicable revolving credit commitments are permanently reduced in connection with such repayments) paid from Internally Generated Cash (provided that such reduction as a result of prepayments made pursuant to Section 10.6(k) shall be limited to the actual amount of cash used to prepay principal of Term Loans, First Lien Loans or Refinanced Debt (as defined in the First Lien Credit Agreement) (as opposed to the face amount thereof)) and (B) less than or equal to 4.00:1.00, the Borrowers shall not be required to make the prepayments and/or reductions otherwise required by this Section 2.14(e).

  • Available Commitment After giving effect to the proposed Borrowing, the Principal Obligations will not exceed the Available Commitment and the aggregate Principal Obligations will not exceed the Maximum Commitment.

  • Closing Availability After giving effect to all Borrowings to be made on the Effective Date and the issuance of any Letters of Credit on the Effective Date and payment of all fees and expenses due hereunder, and with all of the Loan Parties’ Indebtedness, the Borrowers’ Availability shall not be less than $500,000.

  • Subsequent Recalculation In the event the Internal Revenue Service adjusts the computation of the Company under Section 5.2 herein so that the Executive did not receive the greatest net benefit, the Company shall reimburse the Executive for the full amount necessary to make the Executive whole, plus a market rate of interest, as determined by the Committee, within 30 days after such adjustment.

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