Formula. The Airframe Price Adjustment will be determined at the time of Aircraft delivery in accordance with the following formula: Pa = (P)(L + M - 1) Where: Pa = Airframe Price Adjustment. L = .65 x ECI 130.1 M = .35 x ICI 123.6 P = Aircraft Basic Price (as set forth in Article 3.2 of this Agreement) less the base price of Engines (as defined in this Exhibit D) in the amount of $[Confidential Treatment Requested]. ECI = A value using the "Employment Cost Index for workers in aerospace manufacturing" (aircraft manufacturing, standard industrial classification code 3721, compensation, base month and year June 1989 = 100), as released by the Bureau of Labor Statistics, U.S. Department of Labor on a quarterly basis for the months of March, June, September and December, calculated as follows: A three-month arithmetic average value (expressed as a decimal and rounded to the nearest tenth) will be determined using the months set forth in the table below for the applicable Aircraft, with the released Employment Cost Index value described above for the month of March also being used for the months of January and February; the value for June also used for April and May; the value for September also used for July and August; and the value for December also used for October and November. ICI = The three-month arithmetic average of the released monthly values for the Industrial Commodities Index as set forth in the "Producer Prices and Price Index" (Base Year 1982 = 100) as released by the Bureau of Labor Statistics, U.S. Department of Labor values (expressed as a decimal and rounded to the nearest tenth) for the months set forth in the table below for the applicable Aircraft. In determining the value of L, the ratio of ECI divided by 130.1 will be expressed as a decimal rounded to the nearest ten-thousandth and then multiplied by .65 with the resulting value also expressed as a decimal and rounded to the nearest ten-thousandth. In determining the value of M, the ratio of ICI divided by 123.6 will be expressed as a decimal rounded to the nearest ten-thousandth and then multiplied by .35 with the resulting value also expressed as a decimal and rounded to the nearest ten-thousandth. Months to be Utilized Month of Scheduled in Determining the Aircraft Delivery Value of ECI and ICI January June B, July B, Aug. B February July B, Aug. B, Sept. B March Aug. B, Sept. B, Oct. B April Sept. B, Oct. B, Nov. B May Oct. B, Nov. B, Dec. B June Nov. B, Dec. B, Jan. D July Dec. B, Jan. D, Feb. D August Jan. D, Feb. D, Mar. D September Feb. D, Mar. D, Apr. D October Mar. D, Apr. D, May D November Apr. D, May D, June D December May D, June D, July D The following definitions of B and D will apply: B = The calendar year before the year in which the scheduled month of delivery as set forth in Article 2.1 occurs.
Appears in 2 contracts
Samples: Purchase Agreement (Alaska Air Group Inc), Purchase Agreement (Alaska Airlines Inc)
Formula. Airframe and Optional Features price adjustments (Airframe Price Adjustment) are used to allow prices to be stated in current year dollars at the signing of this Purchase Agreement and to adjust the amount to be paid by Customer at delivery for the effects of economic fluctuation. The Airframe Price Adjustment will be determined at the time of Aircraft delivery in accordance with the following formula: Pa = (P)(L P+B)(L + M M) - 1) P Where: Pa = Airframe Price Adjustment. (For Model 717-200, 737-600, 737-700, 737-800 and 737-900, the Airframe Price includes the Engine Price at its basic thrust level.) L = .65 x ( ECI 130.1 ----- ECIb )where ECIb is the base year index (as set forth in Table 1 of this Purchase Agreement) M = .35 x ( ICI 123.6 ----- ICIb )where ICIb is the base year index (as set forth in Table 1 of this Purchase Agreement) P = Aircraft Basic Airframe Price plus Optional Features Price (as set forth in Article 3.2 Table 1 of this Purchase Agreement). B = 0.005 x (N/12) less x (P)where N is the base price calendar month and year of Engines (scheduled Aircraft delivery minus the calendar month and year of the Base Price Year, both as defined shown in Table 1 of this Exhibit D) in the amount of $[Confidential Treatment Requested]Purchase Agreement. ECI = A is a value determined using the U.S. Department of Labor, Bureau of Labor Statistics "Employment Cost Index for workers in aerospace manufacturingmanufacturing - Wages and Salaries" (aircraft manufacturing, standard industrial classification ECI code 3721, compensation, base month and year June 1989 = 1003721W), as released calculated by the Bureau of Labor Statistics, U.S. Department of Labor on establishing a quarterly basis for the months of March, June, September and December, calculated as follows: A three-month arithmetic average value (expressed as a decimal and rounded to the nearest tenth) will be determined using the values for the fifth, sixth and seventh months set forth in prior to the table below for month of scheduled delivery of the applicable Aircraft, with . As the released Employment Cost Index values are only released on a quarterly basis, the value described above released for the month of March also being will be used for the months of January and February; the value for June also used for April and May; the value for September also used for July and August; and the value for December also used for October and November. ICI = The threeis a value determined using the U.S. Department of Labor, Bureau of Labor Statistics "Producer Prices and Price Index - Industrial Commodities Index ", calculated as a 3-month arithmetic average of the released monthly values for the Industrial Commodities Index as set forth in the "Producer Prices and Price Index" (Base Year 1982 = 100) as released by the Bureau of Labor Statistics, U.S. Department of Labor values (expressed as a decimal and rounded to the nearest tenth) using the values for the 5th, 6th and 7th months set forth in prior to the table below for month of scheduled delivery of the applicable Aircraft. In As an example, for an Aircraft scheduled to be delivered in the month of January, the months June, July and August of the preceding year will be utilized in determining the value of L, the ratio of ECI divided by 130.1 will be expressed as a decimal rounded to the nearest ten-thousandth and then multiplied by .65 with the resulting value also expressed as a decimal and rounded to the nearest ten-thousandth. In determining the value of M, the ratio of ICI divided by 123.6 will be expressed as a decimal rounded to the nearest ten-thousandth and then multiplied by .35 with the resulting value also expressed as a decimal and rounded to the nearest ten-thousandth. Months to be Utilized Month of Scheduled in Determining the Aircraft Delivery Value of ECI and ICI January June B, July B, Aug. B February July B, Aug. B, Sept. B March Aug. B, Sept. B, Oct. B April Sept. B, Oct. B, Nov. B May Oct. B, Nov. B, Dec. B June Nov. B, Dec. B, Jan. D July Dec. B, Jan. D, Feb. D August Jan. D, Feb. D, Mar. D September Feb. D, Mar. D, Apr. D October Mar. D, Apr. D, May D November Apr. D, May D, June D December May D, June D, July D The following definitions of B and D will apply: B = The calendar year before the year in which the scheduled month of delivery as set forth in Article 2.1 occursICI.
Appears in 2 contracts
Samples: Aircraft General Terms Agreement (Amtran Inc), Escalation Adjustment Agreement (Amtran Inc)
Formula. Airframe and Optional Features price adjustments (Airframe Price Adjustment) are used to allow prices to be stated in current year dollars at the signing of this Purchase Agreement and to adjust the amount to be paid by Customer at delivery for the effects of economic fluctuation. The Airframe Price Adjustment will be determined at the time of Aircraft delivery in accordance with the following formula: Pa = (P)(L P+B)(L + M M) - 1) P Where: Pa = Airframe Price Adjustment. (For Model 717-200, 737-600, 737-700, 737-800 and 737-900, the Airframe Price includes the Engine Price at its basic thrust level.) L = .65 x ( ECI 130.1 ----- ECIb )where ECIb is the base year index (as set forth in Table 1 of this Purchase Agreement) M = .35 x ( ICI 123.6 ----- ICIb )where ICIb is the base year index (as set forth in Table 1 of this Purchase Agreement) P = Aircraft Basic Airframe Price plus Optional Features Price (as set forth in Article 3.2 Table 1 of this Purchase Agreement). B = 0.005 x (N/12) less x (P) where N is the base price calendar month and year of Engines (scheduled Aircraft delivery minus the calendar month and year of the Base Price Year, both as defined shown in Table 1 of this Exhibit D) in the amount of $[Confidential Treatment Requested]Purchase Agreement. ECI = A is a value determined using the U.S. Department of Labor, Bureau of Labor Statistics "Employment Cost Index for workers in aerospace manufacturingmanufacturing - Wages and Salaries" (aircraft manufacturing, standard industrial classification ECI code 3721, compensation, base month and year June 1989 = 1003721W), as released calculated by the Bureau of Labor Statistics, U.S. Department of Labor on establishing a quarterly basis for the months of March, June, September and December, calculated as follows: A three-month arithmetic average value (expressed as a decimal and rounded to the nearest tenth) will be determined using the values for the fifth, sixth and seventh months set forth in prior to the table below for month of scheduled delivery of the applicable Aircraft, with . As the released Employment Cost Index values are only released on a quarterly basis, the value described above released for the month of March also being will be used for the months of January and February; the value for June also used for April and May; the value for September also used for July and August; and the value for December also used for October and November. ICI = The threeis a value determined using the U.S. Department of Labor, Bureau of Labor Statistics "Producer Prices and Price Index - Industrial Commodities Index ", calculated as a 3-month arithmetic average of the released monthly values for the Industrial Commodities Index as set forth in the "Producer Prices and Price Index" (Base Year 1982 = 100) as released by the Bureau of Labor Statistics, U.S. Department of Labor values (expressed as a decimal and rounded to the nearest tenth) using the values for the 5th, 6th and 7th months set forth in prior to the table below for month of scheduled delivery of the applicable Aircraft. In As an example, for an Aircraft scheduled to be delivered in the month of January, the months June, July and August of the preceding year will be utilized in determining the value of L, the ratio of ECI divided by 130.1 will be expressed as a decimal rounded to the nearest ten-thousandth and then multiplied by .65 with the resulting value also expressed as a decimal and rounded to the nearest ten-thousandth. In determining the value of M, the ratio of ICI divided by 123.6 will be expressed as a decimal rounded to the nearest ten-thousandth and then multiplied by .35 with the resulting value also expressed as a decimal and rounded to the nearest ten-thousandth. Months to be Utilized Month of Scheduled in Determining the Aircraft Delivery Value of ECI and ICI January June B, July B, Aug. B February July B, Aug. B, Sept. B March Aug. B, Sept. B, Oct. B April Sept. B, Oct. B, Nov. B May Oct. B, Nov. B, Dec. B June Nov. B, Dec. B, Jan. D July Dec. B, Jan. D, Feb. D August Jan. D, Feb. D, Mar. D September Feb. D, Mar. D, Apr. D October Mar. D, Apr. D, May D November Apr. D, May D, June D December May D, June D, July D The following definitions of B and D will apply: B = The calendar year before the year in which the scheduled month of delivery as set forth in Article 2.1 occursICI.
Appears in 2 contracts
Samples: Aircraft General Terms Agreement (Amtran Inc), Escalation Adjustment Agreement (Amtran Inc)
Formula. Airframe and Optional Features price adjustments (Airframe Price Adjustment) are used to allow prices to be stated in current year dollars at the signing of this Purchase Agreement and to adjust the amount to be paid by Customer at delivery for the effects of economic fluctuation. The Airframe Price Adjustment will be determined at the time of Aircraft delivery in accordance with the following formula: Pa = (P)(L + M - 1) **** Where: Pa = Airframe Price Adjustment. L = .65 x ECI 130.1 M = .35 x ICI 123.6 **** P = Aircraft Basic Price **** **** **** **** Where: ECIb is the base year airframe escalation index (as set forth in Article 3.2 Table 1 of this Purchase Agreement) less the base price of Engines (as defined in this Exhibit D) in the amount of $[Confidential Treatment Requested]. ); ECI = A is a value determined using the "Employment Cost Index for workers in aerospace manufacturing" (aircraft manufacturingU.S. Department of Labor, standard industrial classification code 3721, compensation, base month and year June 1989 = 100), as released by the Bureau of Labor Statistics, U.S. Department of Labor on a quarterly basis Employment Cost Index for the months of March, June, September and DecemberNAICS Manufacturing – Total Compensation (BLS Series ID CIU2013000000000I), calculated as follows: A three-by establishing a three (3) month arithmetic average value (expressed as a decimal and rounded to the nearest tenth) will be determined using the values for the 11th, 12th, and 13th months set forth in prior to the table below for month of scheduled delivery of the applicable Aircraft, with . As the released Employment Cost Index values are only released on a quarterly basis, the value described above released for the month of March also being first quarter will be used for the months of January January, February, and FebruaryMarch; the value released for June also the second quarter will be used for April the months of April, May, and MayJune; the value released for September also the third quarter will be used for July the months of July, August, and AugustSeptember; the value released for the fourth quarter will be used for the months of October, November, and December. M = **** **** **** Where: CPIb is the base year airframe escalation index (as set forth in Table 1 of this Purchase Agreement); and CPI is a value determined using the value for December also used for October and November. ICI = The three-U.S. Department of Labor, Bureau of Labor Statistics, Consumer Price Index – All Urban Consumers (BLS Series ID CUUR0000SA0), calculated as a three (3) month arithmetic average of the released monthly values for the Industrial Commodities Index as set forth in the "Producer Prices and Price Index" (Base Year 1982 = 100) as released by the Bureau of Labor Statistics, U.S. Department of Labor values (expressed as a decimal and rounded to the nearest tenth) using the values for the 11th, 12th, and 13th months set forth in prior to the table below for month of scheduled delivery of the applicable Aircraft. In As an example, for an Aircraft scheduled to be delivered in the month of July, the months of June, July, and August of the preceding year will be utilized in determining the value of LECI and CPI. Note:
(i) In determining the values of L and M, the ratio of ECI divided by 130.1 all calculations and resulting values will be expressed as a decimal rounded to the nearest ten-thousandth and then multiplied thousandth.
(iv) The **** (base year indices) are the actual average values reported by .65 with the resulting value also U.S. Department of Labor, Bureau of Labor Statistics. The actual average values are calculated as a three (3) month arithmetic average of the released monthly values (expressed as a decimal and rounded to the nearest ten-thousandthtenth) using the values for the 11th, 12th, and 13th months prior to the airframe base year. In determining the The applicable base year and corresponding denominator is provided by Boeing in Table 1 of this Purchase Agreement.
(v) The final value of M, the ratio of ICI divided by 123.6 Pa will be expressed as a decimal rounded to the nearest ten-thousandth and then multiplied by .35 with the resulting value also expressed as dollar.
(vi) The Airframe Price Adjustment will not be made if it will result in a decimal and rounded to the nearest ten-thousandth. Months to be Utilized Month of Scheduled decrease in Determining the Aircraft Delivery Value of ECI and ICI January June B, July B, Aug. B February July B, Aug. B, Sept. B March Aug. B, Sept. B, Oct. B April Sept. B, Oct. B, Nov. B May Oct. B, Nov. B, Dec. B June Nov. B, Dec. B, Jan. D July Dec. B, Jan. D, Feb. D August Jan. D, Feb. D, Mar. D September Feb. D, Mar. D, Apr. D October Mar. D, Apr. D, May D November Apr. D, May D, June D December May D, June D, July D The following definitions of B and D will apply: B = The calendar year before the year in which the scheduled month of delivery as set forth in Article 2.1 occursBasic Price.
Appears in 2 contracts
Samples: Purchase Agreement (Avolon Holdings LTD), Purchase Agreement (Avolon Holdings LTD)
Formula. Airframe and Optional Features price adjustments (Airframe Price Adjustment) are used to allow prices to be stated in current year dollars at the signing of this Purchase Agreement and to adjust the amount to be paid by Customer at delivery for the effects of economic fluctuation. The Airframe Price Adjustment will be determined at the time of Aircraft delivery in accordance with the following formula: Pa = (P)(L P) (L + M M) - 1) P Where: Pa = Airframe Price Adjustment. (For Models 717-200, 737-600, 737-700, 737-800, 737-900, 777-200LR and 777-300ER the Airframe Price includes the Engine Price at its basic thrust level.) L = .65 x (ECI 130.1 ECIb ) where ECIb is the base year index (as set forth in Table 1 of this Purchase Agreement) M = .35 x ICI 123.6 (CPI CPIb) where CPIb is the base year index (as set forth in Table 1 of this Purchase Agreement) P = Aircraft Basic Airframe Price plus Optional Features Price (as set forth in Article 3.2 Table 1 of this Purchase Agreement) less the base price of Engines (as defined in this Exhibit D) in the amount of $[Confidential Treatment Requested]). ECI = A is a value determined using the "U.S. Department of Labor, Bureau of Labor Statistics Employment Cost Index for workers in aerospace manufacturing" Manufacturing – Total Compensation (aircraft manufacturing, standard industrial classification code 3721, compensation, base month and year June 1989 = 100BLS Series ID ECU12402I), as released calculated by the Bureau of Labor Statistics, U.S. Department of Labor on establishing a quarterly basis for the months of March, June, September and December, calculated as follows: A three-month arithmetic average value (expressed as a decimal and rounded to the nearest tenth) will be determined using the values for the 11th, 12th and 13th months set forth in prior to the table below for month of scheduled delivery of the applicable Aircraft, with . As the released Employment Cost Index values are only released on a quarterly basis, the value described above released for the month of March also being first quarter will be used for the months of January January, February and FebruaryMarch; the value released for June also the second quarter will be used for April the months of April, May and MayJune; the value released for September also the third quarter will be used for July the months of July, August and AugustSeptember; and the value released for December also the fourth quarter will be used for October the months of October, November and NovemberDecember. ICI = The threeCPI is a value determined using the U.S. Department of Labor, Bureau of Labor Statistics Consumer Price Index (BLS Series ID CUUR0000SA0), calculated as a 3-month arithmetic average of the released monthly values for the Industrial Commodities Index as set forth in the "Producer Prices and Price Index" (Base Year 1982 = 100) as released by the Bureau of Labor Statistics, U.S. Department of Labor values (expressed as a decimal and rounded to the nearest tenth) using the values for the 11th, 12th and 13th months set forth in prior to the table below for month of scheduled delivery of the applicable Aircraft. In As an example, for an Aircraft scheduled to be delivered in the month of July, the months June, July and August of the preceding year will be utilized in determining the value of L, the ratio of ECI divided by 130.1 will be expressed as a decimal rounded to the nearest ten-thousandth and then multiplied by .65 with the resulting value also expressed as a decimal and rounded to the nearest ten-thousandth. In determining the value of M, the ratio of ICI divided by 123.6 will be expressed as a decimal rounded to the nearest ten-thousandth and then multiplied by .35 with the resulting value also expressed as a decimal and rounded to the nearest ten-thousandth. Months to be Utilized Month of Scheduled in Determining the Aircraft Delivery Value of ECI and ICI January June B, July B, Aug. B February July B, Aug. B, Sept. B March Aug. B, Sept. B, Oct. B April Sept. B, Oct. B, Nov. B May Oct. B, Nov. B, Dec. B June Nov. B, Dec. B, Jan. D July Dec. B, Jan. D, Feb. D August Jan. D, Feb. D, Mar. D September Feb. D, Mar. D, Apr. D October Mar. D, Apr. D, May D November Apr. D, May D, June D December May D, June D, July D The following definitions of B and D will apply: B = The calendar year before the year in which the scheduled month of delivery as set forth in Article 2.1 occursCPI.
Appears in 2 contracts
Samples: Purchase Agreement (Gol Intelligent Airlines Inc.), Purchase Agreement (Gol Intelligent Airlines Inc.)
Formula. Airframe and Optional Features price adjustments (Airframe Price Adjustment); are used to allow prices to be stated in current year dollars at the signing of the applicable purchase agreement and to adjust the amount to be paid by Customer at delivery for the effects of economic fluctuation. The Airframe Price Adjustment will be determined at the time of Aircraft aircraft delivery in accordance with the following formula: Pa P(a) = (P)(L P+B)(L + M M) - 1P Where:
(a) Where: Pa = Airframe Price Adjustment. (For Model 717-200, 737-600, 737-700, 737-800 and 737-900, the Airframe Price includes the Engine Price at its basic thrust level.) L = .65 x ECI 130.1 where ECI(b) is the base year index (as set --- forth in Table 1 of the applicable purchase ECI(b) agreement) M = .35 x ICI 123.6 where ICI(b) is the base year index (as set --- forth in Table 1 of the applicable purchase ICI(b) agreement) P = Aircraft Basic Airframe Price plus Optional Features Price (as set forth in Article 3.2 of this Agreement) less the base price of Engines (as defined in this Exhibit D) in the amount of $[Confidential Treatment Requested]applicable purchase agreement). ECI = A is a value determined using the U.S. Department of Labor, Bureau of Labor Statistics "Employment Cost Index for workers in aerospace manufacturingmanufacturing - Wages and Salaries" (aircraft manufacturing, standard industrial classification ECI code 3721, compensation, base month and year June 1989 = 1003721W), as released calculated by the Bureau of Labor Statistics, U.S. Department of Labor on establishing a quarterly basis for the months of March, June, September and December, calculated as follows: A three-month arithmetic average value (expressed as a decimal and rounded to the nearest tenth) will be determined using the months set forth in the table below values for the fifth, sixth and seventh months prior to the month of scheduled delivery of the applicable Aircraft, with aircraft. As the released Employment Cost Index values are only released on a quarterly basis, the value described above released for the month of March also being will be used for the months of January and February; the value for June also used for April and May; the value for September also used for July and August; and the value for December also used for October and November. ICI = The threeis a value determined using the U.S. Department of Labor, Bureau of Labor Statistics "Producer Prices and Price Index - Industrial Commodities Index ", calculated as a 3-month arithmetic average of the released monthly values for the Industrial Commodities Index as set forth in the "Producer Prices and Price Index" (Base Year 1982 = 100) as released by the Bureau of Labor Statistics, U.S. Department of Labor values (expressed as a decimal and rounded to the nearest tenth) using the values for the 5th, 6th and 7th months set forth prior to the month of scheduled delivery of the applicable aircraft. As an example, for an aircraft scheduled to be delivered in the table below for month of January, the applicable Aircraft. In months June, July and August of the preceding year will be utilized in determining the value of L, the ratio of ECI divided by 130.1 will be expressed as a decimal rounded to the nearest ten-thousandth and then multiplied by .65 with the resulting value also expressed as a decimal and rounded to the nearest ten-thousandth. In determining the value of M, the ratio of ICI divided by 123.6 will be expressed as a decimal rounded to the nearest ten-thousandth and then multiplied by .35 with the resulting value also expressed as a decimal and rounded to the nearest ten-thousandth. Months to be Utilized Month of Scheduled in Determining the Aircraft Delivery Value of ECI and ICI January June B, July B, Aug. B February July B, Aug. B, Sept. B March Aug. B, Sept. B, Oct. B April Sept. B, Oct. B, Nov. B May Oct. B, Nov. B, Dec. B June Nov. B, Dec. B, Jan. D July Dec. B, Jan. D, Feb. D August Jan. D, Feb. D, Mar. D September Feb. D, Mar. D, Apr. D October Mar. D, Apr. D, May D November Apr. D, May D, June D December May D, June D, July D The following definitions of B and D will apply: B = The calendar year before the year in which the scheduled month of delivery as set forth in Article 2.1 occursICI.
Appears in 1 contract
Samples: Aircraft General Terms Agreement (Copa Holdings, S.A.)
Formula. The Airframe Price Adjustment will be determined Xxxxxxxx Xxxxx Xxxxxxxxxx xxxx xx xxxxxxxxed at the time of Aircraft delivery in accordance with the following formula: Pa = (P)(L + M - 1) Where: Pa = Airframe Price Adjustment. L = .65 x ECI 130.1 [CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE M = .35 x ICI 123.6 COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT] P = Aircraft Basic Price (as set forth in Article 3.2 of this Agreement) less the base price of Engines (as defined in this Exhibit D) in the amount of $[Confidential Treatment Requested]. CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT] ECI = A value using the "Employment Cost Index for workers in aerospace manufacturing" (aircraft manufacturing, standard industrial classification code 3721, compensation, base month and year June 1989 = 100), as released by the Bureau of Labor Statistics, U.S. Department of Labor on a quarterly basis for the months of March, June, September and December, calculated as follows: A three-month arithmetic average value (expressed as a decimal and rounded to the nearest tenth) will be determined using the months set forth in the table below for the applicable Aircraft, with the released Employment Cost Index value described above for the month of March also being used for the months of January and February; the value for June also used for April and May; the value for September also used for July and August; and the value for December also used for October and November. ICI = The three-month arithmetic average of the released monthly values for the Industrial Commodities Index as set forth in the "Producer Prices and Price Index" (Base Year 1982 = 100) as released by the Bureau of Labor Statistics, U.S. Department of Labor values (expressed as a decimal and rounded to the nearest tenth) for the months set forth in the table below for the applicable Aircraft. In determining the value of L, the ratio of ECI divided by 130.1 [CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT] will be expressed as a decimal rounded to the nearest ten-thousandth and then multiplied by .65 [CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT] with the resulting value also expressed as a decimal and rounded to the nearest ten-thousandth. In determining the value of M, the ratio of ICI divided by 123.6 [CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT] will be expressed as a decimal rounded to the nearest ten-thousandth and then multiplied by .35 [CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT] with the resulting value also expressed as a decimal and rounded to the nearest ten-thousandth. Months to be Utilized Month of Scheduled in Determining the Aircraft Delivery Value of ECI and ICI January June B, July B, Aug. B February July B, Aug. B, Sept. B March Aug. B, Sept. B, Oct. B April Sept. B, Oct. B, Nov. B May Oct. B, Nov. B, Dec. B June Nov. B, Dec. B, Jan. D July Dec. B, Jan. D, Feb. D August Jan. D, Feb. D, Mar. D September Feb. D, Mar. D, Apr. D October Mar. D, Apr. D, May D November Apr. D, May D, June D December May D, June D, July D The following definitions of B and D will apply: B = The calendar year before the year in which the scheduled month of delivery as set forth in Article 2.1 occurs.
Appears in 1 contract
Samples: Supplemental Agreement (Continental Airlines Inc /De/)
Formula. Airframe and Optional Features price adjustments (Airframe Price Adjustment) are used to allow prices to be stated in current year dollars at the signing of this Purchase Agreement and to adjust the amount to be paid by Customer at delivery for the effects of economic fluctuation. The Airframe Price Adjustment will be determined at the time of Aircraft delivery in accordance with the following formula: Pa = (P)(L + M - 1) **** Where: Pa = Airframe Price Adjustment. L = .65 x ECI 130.1 M = .35 x ICI 123.6 **** P = Aircraft Basic Price **** **** **** **** Where: ECIb is the base year airframe escalation index (as set forth in Article 3.2 Table 1 of this Purchase Agreement) less the base price of Engines (as defined in this Exhibit D) in the amount of $[Confidential Treatment Requested]. ); ECI = A is a value determined using the "Employment Cost Index for workers in aerospace manufacturing" (aircraft manufacturingU.S. Department of Labor, standard industrial classification code 3721, compensation, base month and year June 1989 = 100), as released by the Bureau of Labor Statistics, U.S. Department of Labor on a quarterly basis Employment Cost Index for the months of March, June, September and DecemberNAICS Manufacturing – Total Compensation (BLS Series ID CIU2013000000000I), calculated as follows: A three-by establishing a three (3) month arithmetic average value (expressed as a decimal and rounded to the nearest tenth) will be determined using the values for the 11th, 12th, and 13th months set forth in prior to the table below for month of scheduled delivery of the applicable Aircraft, with . As the released Employment Cost Index values are only released on a quarterly basis, the value described above released for the month of March also being first quarter will be used for the months of January January, February, and FebruaryMarch; the value released for June also the second quarter will be used for April the months of April, May, and MayJune; the value released for September also the third quarter will be used for July the months of July, August, and AugustSeptember; the value released for the fourth quarter will be used for the months of October, November, and December. M = **** Where: CPIb is the base year airframe escalation index (as set forth in Table 1 of this Purchase Agreement); and VLS-PA-03814-AE1 AE1 Page 1 CPI is a value determined using the value for December also used for October and November. ICI = The three-U.S. Department of Labor, Bureau of Labor Statistics, Consumer Price Index – All Urban Consumers (BLS Series ID CUUR0000SA0), calculated as a three (3) month arithmetic average of the released monthly values for the Industrial Commodities Index as set forth in the "Producer Prices and Price Index" (Base Year 1982 = 100) as released by the Bureau of Labor Statistics, U.S. Department of Labor values (expressed as a decimal and rounded to the nearest tenth) using the values for the 11th, 12th, and 13th months set forth in prior to the table below for month of scheduled delivery of the applicable Aircraft. In As an example, for an Aircraft scheduled to be delivered in the month of July, the months of June, July, and August of the preceding year will be utilized in determining the value of LECI and CPI. Note:
(i) In determining the values of L and M, the ratio of ECI divided by 130.1 all calculations and resulting values will be expressed as a decimal rounded to the nearest ten-thousandth and then multiplied thousandth.
(iv) The **** (base year indices) are the actual average values reported by .65 with the resulting value also U.S. Department of Labor, Bureau of Labor Statistics. The actual average values are calculated as a three (3) month arithmetic average of the released monthly values (expressed as a decimal and rounded to the nearest ten-thousandthtenth) using the values for the 11th, 12th, and 13th months prior to the airframe base year. In determining the The applicable base year and corresponding denominator is provided by Boeing in Table 1 of this Purchase Agreement.
(v) The final value of M, the ratio of ICI divided by 123.6 Pa will be expressed as a decimal rounded to the nearest ten-thousandth and then multiplied by .35 with the resulting value also expressed as dollar.
(vi) The Airframe Price Adjustment will not be made if it will result in a decimal and rounded to the nearest ten-thousandth. Months to be Utilized Month of Scheduled decrease in Determining the Aircraft Delivery Value of ECI and ICI January June B, July B, Aug. B February July B, Aug. B, Sept. B March Aug. B, Sept. B, Oct. B April Sept. B, Oct. B, Nov. B May Oct. B, Nov. B, Dec. B June Nov. B, Dec. B, Jan. D July Dec. B, Jan. D, Feb. D August Jan. D, Feb. D, Mar. D September Feb. D, Mar. D, Apr. D October Mar. D, Apr. D, May D November Apr. D, May D, June D December May D, June D, July D The following definitions of B and D will apply: B = The calendar year before the year in which the scheduled month of delivery as set forth in Article 2.1 occursBasic Price.
Appears in 1 contract
Formula. Base Aircraft Price and Special Features price adjustments (Aircraft Price Adjustment) are used to allow prices to be stated in current year dollars at the signing of this Purchase Agreement and to adjust the amount to be paid by Customer at delivery for the effects of economic fluctuation. The Airframe Aircraft Price Adjustment will be determined at the time of Aircraft delivery in accordance with the following formula: Pa = (P)(L P) (L + M M) - 1) P Where: Pa = Airframe Aircraft Price Adjustment. (For Models 737-600, 737-700, 737-800, 737-900, 737-900ER 747-8, 777-200LR, 777-F, and 777-300ER the Base Aircraft Price includes the engine price at its basic thrust level.) P = Base Aircraft Price plus the price of the Special Features (as set forth in Tables 1a and 1b of this Purchase Agreement). L = .65 x (ECI 130.1 M = .35 x ICI 123.6 P = Aircraft Basic Price ECIb) Where: ECIb is the base year airframe escalation index (as set forth in Article 3.2 Tables 1a and 1b of this Purchase Agreement) less the base price of Engines (as defined in this Exhibit D) in the amount of $[Confidential Treatment Requested]. ); ECI = A is a value determined using the "Employment Cost Index for workers in aerospace manufacturing" (aircraft manufacturingU.S. Department of Labor, standard industrial classification code 3721, compensation, base month and year June 1989 = 100), as released by the Bureau of Labor Statistics, U.S. Department of Labor on a quarterly basis Employment Cost Index for the months of March, June, September and DecemberNAICS Manufacturing – Total Compensation (BLS Series ID CIU2013000000000I), calculated as follows: A three-by establishing a three (3) month arithmetic average value (expressed as a decimal and rounded to the nearest tenth) will be determined using the values for the 11th, 12th, and 13th months set forth in prior to the table below for month of scheduled delivery of the applicable Aircraft, with . As the released Employment Cost Index values are only released on a quarterly basis, the value described above released for the month of March also being first quarter will be used for the months of January January, February, and FebruaryMarch; the value released for June also the second quarter will be used for April the months of April, May, and MayJune; the value for September also used for July and August; and the value for December also used for October and November. ICI = The three-month arithmetic average of the released monthly values for the Industrial Commodities Index as set forth in the "Producer Prices and Price Index" (Base Year 1982 = 100) as released by the Bureau of Labor Statistics, U.S. Department of Labor values (expressed as a decimal and rounded to the nearest tenth) third quarter will be used for the months set forth in of July, August, and September; the table below value released for the applicable Aircraft. In determining the value of L, the ratio of ECI divided by 130.1 fourth quarter will be expressed as a decimal rounded to used for the nearest ten-thousandth months of October, November, and then multiplied by .65 with the resulting value also expressed as a decimal and rounded to the nearest ten-thousandthDecember. In determining the value of M, the ratio of ICI divided by 123.6 will be expressed as a decimal rounded to the nearest ten-thousandth and then multiplied by M = .35 with the resulting value also expressed as a decimal and rounded to the nearest ten-thousandth. Months to be Utilized Month of Scheduled in Determining the Aircraft Delivery Value of ECI and ICI January June B, July B, Aug. B February July B, Aug. B, Sept. B March Aug. B, Sept. B, Oct. B April Sept. B, Oct. B, Nov. B May Oct. B, Nov. B, Dec. B June Nov. B, Dec. B, Jan. D July Dec. B, Jan. D, Feb. D August Jan. D, Feb. D, Mar. D September Feb. D, Mar. D, Apr. D October Mar. D, Apr. D, May D November Apr. D, May D, June D December May D, June D, July D The following definitions of B and D will apply: B = The calendar year before the year in which the scheduled month of delivery as set forth in Article 2.1 occurs.x (CPI CPIb)
Appears in 1 contract
Formula. The Airframe Price Adjustment will be determined at the time of Aircraft delivery in accordance with the following formula: Pa = (P)(L + M - 1) Where: Pa = Airframe Price Adjustment. Adjustment L = .65 x ECI ----- 130.1 M = .35 x ICI ----- 123.6 P = Aircraft Basic Price (as set forth in Article 3.2 of this Agreement) less the base price of Engines (as defined in this Exhibit DD-1) in the amount of $of: [Confidential Treatment Requested]. *CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT] {Block B "A" Market Aircraft} [*CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT] {Block C "B" Market Aircraft} ECI = A value using the "Employment Cost Index for workers in aerospace manufacturing" (aircraft manufacturing, standard industrial classification code 3721, compensation, base month and year June 1989 = 100), as released by the Bureau of Labor Statistics, U.S. Department of Labor on a quarterly basis for the months of March, June, September and December, calculated as follows: A three-month arithmetic average value (expressed as a decimal and rounded to the nearest tenth) will be determined using the months set forth in the table below for the applicable Aircraft, with the released Employment Cost Index value described above for the month of March also being used for the months of January and February; the value for June also used for April and May; the value for September also used for July and August; and the value for December also used for October and November. ICI = The three-month arithmetic average of the released monthly values for the Industrial Commodities Index as set forth in the "Producer Prices and Price Index" (Base Year 1982 = 100) as released by the Bureau of Labor Statistics, U.S. Department of Labor values (expressed as a decimal and rounded to the nearest tenth) for the months set forth in the table below for the applicable Aircraft. In determining the value of L, the ratio of ECI divided by 130.1 will be expressed as a decimal rounded to the nearest ten-thousandth and then multiplied by .65 with the resulting value also expressed as a decimal and rounded to the nearest ten-thousandth. In determining the value of M, the ratio of ICI divided by 123.6 will be expressed as a decimal rounded to the nearest ten-thousandth and then multiplied by .35 with the resulting value also expressed as a decimal and rounded to the nearest ten-thousandth. Months to be Utilized Month of Scheduled in Determining the Aircraft Delivery Value of ECI and ICI January June B, July B, Aug. B February July B, Aug. B, Sept. B March Aug. B, Sept. B, Oct. B April Sept. B, Oct. B, Nov. B May Oct. B, Nov. B, Dec. B June Nov. B, Dec. B, Jan. D July Dec. B, Jan. D, Feb. D August Jan. D, Feb. D, Mar. D September Feb. D, Mar. D, Apr. D October Mar. D, Apr. D, May D November Apr. D, May D, June D December May D, June D, July D The following definitions of B and D will apply: B = The calendar year before the year in which the scheduled month of delivery as set forth in Article 2.1 occurs.Base
Appears in 1 contract
Formula. Airframe and Optional Features price adjustments (Airframe Price Adjustment) are used to allow prices to be stated in current year dollars at the signing of this Purchase Agreement and to adjust the amount to be paid by Customer at delivery for the effects of economic fluctuation. The Airframe Price Adjustment will be determined at the time of Aircraft delivery in accordance with the following formula: Pa = (P)(L P+B)(L + M M) - 1) P Where: Pa = Airframe Price Adjustment. (For Models 717-200, 737-600, 737-700, 737-800, 737-900, 777-200X and 777-300X the Airframe Price includes the Engine Price at its basic thrust level.) L = .65 x ( ECI 130.1 ECIb ) where ECIb is the base year index (as set forth in Table 1 of this Purchase Agreement) M = .35 x ( ICI 123.6 ICIb ) where ICIb is the base year index (as set forth in Table 1 of this Purchase Agreement) P = Aircraft Basic Airframe Price plus Optional Features Price (as set forth in Article 3.2 Table 1 of this Purchase Agreement). B = 0.005 x (N/12) less x (P) where N is the base price number of Engines calendar months which have elapsed from the Airframe Price Base Year and Month up to and including the month of delivery, both as shown in Table 1 of the Purchase Agreement. The entire calculation of 0.005 X (as defined in this Exhibit DN/12) in will be rounded to 4 places, and the amount final value of $[Confidential Treatment Requested]B will be rounded to the nearest dollar. ECI = A is a value determined using the "U.S. Department of Labor, Bureau of Labor Statistics “Employment Cost Index for workers in aerospace manufacturing" aircraft manufacturing - Wages and Salaries” (aircraft manufacturing, standard industrial classification ECI code 3721, compensation, base month and year June 1989 = 100), as released calculated by establishing a ICI is a value determined using the U.S. Department of Labor, Bureau of Labor Statistics, U.S. Department of Labor on a quarterly basis for the months of March, June, September Statistics “Producer Prices and DecemberPrice Index - Industrial Commodities Index “, calculated as follows: A three-month arithmetic average value (expressed as a decimal and rounded to the nearest tenth) will be determined using the months set forth in the table below for the applicable Aircraft, with the released Employment Cost Index value described above for the month of March also being used for the months of January and February; the value for June also used for April and May; the value for September also used for July and August; and the value for December also used for October and November. ICI = The three3-month arithmetic average of the released monthly values for the Industrial Commodities Index as set forth in the "Producer Prices and Price Index" (Base Year 1982 = 100) as released by the Bureau of Labor Statistics, U.S. Department of Labor values (expressed as a decimal and rounded to the nearest tenth) using the values for the 5th, 6th and 7th months set forth in prior to the table below for month of scheduled delivery of the applicable Aircraft. In As an example, for an Aircraft scheduled to be delivered in the month of January, the months June, July and August of the preceding year will be utilized in determining the value of LECI and ICI.
i. In determining the values of L and M, the ratio of ECI divided by 130.1 all calculations and resulting values will be expressed as a decimal rounded to the nearest ten-thousandth thousandth.
ii. 65 is the numeric ratio attributed to labor in the Airframe Price Adjustment formula.
iii. 35 is the numeric ratio attributed to materials in the Airframe Price Adjustment formula.
iv. The denominators (base year indices) are the actual average values reported by the U.S. Department of Labor, Bureau of Labor Statistics (base year June 1989 = 100). The applicable base year and then multiplied corresponding denominator is provided by .65 with the resulting Boeing in Table 1 of this Purchase Agreement.
v. The final value also expressed as a decimal and of Pa will be rounded to the nearest ten-thousandthdollar.
vi. In determining the value of M, the ratio of ICI divided by 123.6 The Airframe Price Adjustment will not be expressed as made if it will result in a decimal rounded to the nearest ten-thousandth and then multiplied by .35 with the resulting value also expressed as a decimal and rounded to the nearest ten-thousandth. Months to be Utilized Month of Scheduled decrease in Determining the Aircraft Delivery Value of ECI and ICI January June B, July B, Aug. B February July B, Aug. B, Sept. B March Aug. B, Sept. B, Oct. B April Sept. B, Oct. B, Nov. B May Oct. B, Nov. B, Dec. B June Nov. B, Dec. B, Jan. D July Dec. B, Jan. D, Feb. D August Jan. D, Feb. D, Mar. D September Feb. D, Mar. D, Apr. D October Mar. D, Apr. D, May D November Apr. D, May D, June D December May D, June D, July D The following definitions of B and D will apply: B = The calendar year before the year in which the scheduled month of delivery as set forth in Article 2.1 occursBasic Price.
Appears in 1 contract
Formula. Airframe and Optional Features price adjustments (Airframe Price Adjustment) are used to allow prices to be stated in current year dollars at the signing of this Purchase Agreement and to adjust the amount to be paid by Customer at delivery for the effects of economic fluctuation. The Airframe Price Adjustment will be determined at the time of Aircraft delivery in accordance with the following formula: Pa = (P)(L + M - 1) **** Where: Pa = Airframe Price Adjustment. L = .65 x ECI 130.1 M = .35 x ICI 123.6 P = Aircraft Basic Price **** **** **** **** **** Where: ECIb is the base year airframe escalation index (as set forth in Article 3.2 Table 1 of this Purchase Agreement) less the base price of Engines (as defined in this Exhibit D) in the amount of $[Confidential Treatment Requested]. ); ECI = A is a value determined using the "Employment Cost Index for workers in aerospace manufacturing" (aircraft manufacturingU.S. Department of Labor, standard industrial classification code 3721, compensation, base month and year June 1989 = 100), as released by the Bureau of Labor Statistics, U.S. Department of Labor on a quarterly basis Employment Cost Index for the months of March, June, September and DecemberNAICS Manufacturing – Total Compensation (BLS Series ID CIU2013000000000I), calculated as follows: A three-by establishing a three (3) month arithmetic average value (expressed as a decimal and rounded to the nearest tenth) will be determined using the values for the 11th, 12th, and 13th months set forth in prior to the table below for month of scheduled delivery of the applicable Aircraft, with . As the released Employment Cost Index values are only released on a quarterly basis, the value described above released for the month of March also being first quarter will be used for the months of January January, February, and FebruaryMarch; the value released for June also the second quarter will be used for April the months of April, May, and MayJune; the value released for September also the third quarter will be used for July the months of July, August, and AugustSeptember; the value released for the fourth quarter will be used for the months of October, November, and December. **** **** **** Where: CPIb is the base year airframe escalation index (as set forth in Table 1 of this Purchase Agreement); and CPI is a value determined using the value for December also used for October and November. ICI = The three-U.S. Department of Labor, Bureau of Labor Statistics, Consumer Price Index – All Urban Consumers (BLS Series ID CUUR0000SA0), calculated as a three (3) month arithmetic average of the released monthly values for the Industrial Commodities Index as set forth in the "Producer Prices and Price Index" (Base Year 1982 = 100) as released by the Bureau of Labor Statistics, U.S. Department of Labor values (expressed as a decimal and rounded to the nearest tenth) using the values for the 11th, 12th, and 13th months set forth in prior to the table below for month of scheduled delivery of the applicable Aircraft. In As an example, for an Aircraft scheduled to be delivered in the month of July, the months of June, July, and August of the preceding year will be utilized in determining the value of LECI and CPI. Note:
(i) In determining the values of L and M, the ratio of ECI divided by 130.1 all calculations and resulting values will be expressed as a decimal rounded to the nearest ten-thousandth and then multiplied thousandth.
(iv) The **** (base year indices) are the actual average values reported by .65 with the resulting value also U.S. Department of Labor, Bureau of Labor Statistics. The actual average values are calculated as a three (3) month arithmetic average of the released monthly values (expressed as a decimal and rounded to the nearest ten-thousandthtenth) using the values for the 11th, 12th, and 13th months prior to the airframe base year. In determining the The applicable base year and corresponding denominator is provided by Boeing in Table 1 of this Purchase Agreement.
(v) The final value of M, the ratio of ICI divided by 123.6 Pa will be expressed as a decimal rounded to the nearest ten-thousandth and then multiplied by .35 with the resulting value also expressed as dollar.
(vi) The Airframe Price Adjustment will not be made if it will result in a decimal and rounded to the nearest ten-thousandth. Months to be Utilized Month of Scheduled decrease in Determining the Aircraft Delivery Value of ECI and ICI January June B, July B, Aug. B February July B, Aug. B, Sept. B March Aug. B, Sept. B, Oct. B April Sept. B, Oct. B, Nov. B May Oct. B, Nov. B, Dec. B June Nov. B, Dec. B, Jan. D July Dec. B, Jan. D, Feb. D August Jan. D, Feb. D, Mar. D September Feb. D, Mar. D, Apr. D October Mar. D, Apr. D, May D November Apr. D, May D, June D December May D, June D, July D The following definitions of B and D will apply: B = The calendar year before the year in which the scheduled month of delivery as set forth in Article 2.1 occursBasic Price.
Appears in 1 contract
Formula. Airframe and Optional Features price adjustments (Airframe Price Adjustment) are used to allow prices to be stated in current year dollars at the signing of this Purchase Agreement and to adjust the amount to be paid by Customer at delivery for the effects of economic fluctuation. The Airframe Price Adjustment will be determined at the time of Aircraft delivery in accordance with the following formula: Pa = (P)(L P) (L + M M) - 1) P Where: Pa = Airframe Price Adjustment. L = .65 x ECI 130.1 M = .35 x ICI 123.6 (For Models 737-600, 737-700, 737-800, 737-900, 737-900ER 747-8, 777-200LR, 777-F, and 777-300ER the Airframe Price includes the Engine Price at its basic thrust level.) P = Aircraft Basic Airframe Price plus the price of the Optional Features (as set forth in Article 3.2 Table 1 of this Purchase Agreement). L = .65 x (ECI ECIb) less Where: ECIb is the base price of Engines year airframe escalation index (as defined set forth in Table 1 of this Exhibit D) in the amount of $[Confidential Treatment Requested]. Purchase Agreement); ECI = A is a value determined using the "Employment Cost Index for workers in aerospace manufacturing" (aircraft manufacturingU.S. Department of Labor, standard industrial classification code 3721, compensation, base month and year June 1989 = 100), as released by the Bureau of Labor Statistics, U.S. Department of Labor on a quarterly basis Employment Cost Index for the months of March, June, September and DecemberNAICS Manufacturing – Total Compensation (BLS Series ID CIU2013000000000I), calculated as follows: A three-by establishing a three (3) month arithmetic average value (expressed as a decimal and rounded to the nearest tenth) will be determined using the values for the 11th, 12th, and 13th months set forth in prior to the table below for month of scheduled delivery of the applicable Aircraft, with . As the released Employment Cost Index values are only released on a quarterly basis, the value described above released for the month of March also being first quarter will be used for the months of January January, February, and FebruaryMarch; the value released for June also the second quarter will be used for April the months of April, May, and MayJune; the value released for September also the third quarter will be used for July the months of July, August, and AugustSeptember; the value released for the fourth quarter will be used for the months of October, November, and December. M = .35 x (CPI CPIb) Where: CPIb is the base year airframe escalation index (as set forth in Table 1 of this Purchase Agreement); and CPI is a value determined using the value for December also used for October and November. ICI = The three-U.S. Department of Labor, Bureau of Labor Statistics, Consumer Price Index – All Urban Consumers (BLS Series ID CUUR0000SA0), calculated as a three (3) month arithmetic average of the released monthly values for the Industrial Commodities Index as set forth in the "Producer Prices and Price Index" (Base Year 1982 = 100) as released by the Bureau of Labor Statistics, U.S. Department of Labor values (expressed as a decimal and rounded to the nearest tenth) using the values for the 11th, 12th , and 13th months set forth in prior to the table below for month of scheduled delivery of the applicable Aircraft. In As an example, for an Aircraft scheduled to be delivered in the month of July, the months of June, July, and August of the preceding year will be utilized in determining the value of LECI and CPI. Note:
(i) In determining the values of L and M, the ratio of ECI divided by 130.1 all calculations and resulting values will be expressed as a decimal rounded to the nearest ten-thousandth and then multiplied thousandth.
(ii) 65 is the numeric ratio attributed to labor in the Airframe Price Adjustment formula.
(iii) 35 is the numeric ratio attributed to materials in the Airframe Price Adjustment formula.
(iv) The denominators (base year indices) are the actual average values reported by .65 with the resulting value also U.S. Department of Labor, Bureau of Labor Statistics. The actual average values are calculated as a three (3) month arithmetic average of the released monthly values (expressed as a decimal and rounded to the nearest ten-thousandthtenth) using the values for the 11th, 12th, and 13th months prior to the airframe base year. In determining the The applicable base year and corresponding denominator is provided by Boeing in Table 1 of this Purchase Agreement.
(v) The final value of M, the ratio of ICI divided by 123.6 Pa will be expressed as a decimal rounded to the nearest ten-thousandth and then multiplied by .35 with the resulting value also expressed as dollar.
(vi) The Airframe Price Adjustment will not be made if it will result in a decimal and rounded to the nearest ten-thousandth. Months to be Utilized Month of Scheduled decrease in Determining the Aircraft Delivery Value of ECI and ICI January June B, July B, Aug. B February July B, Aug. B, Sept. B March Aug. B, Sept. B, Oct. B April Sept. B, Oct. B, Nov. B May Oct. B, Nov. B, Dec. B June Nov. B, Dec. B, Jan. D July Dec. B, Jan. D, Feb. D August Jan. D, Feb. D, Mar. D September Feb. D, Mar. D, Apr. D October Mar. D, Apr. D, May D November Apr. D, May D, June D December May D, June D, July D The following definitions of B and D will apply: B = The calendar year before the year in which the scheduled month of delivery as set forth in Article 2.1 occursBasic Price.
Appears in 1 contract
Samples: Purchase Agreement (Fedex Corp)