MCPH Sample Clauses

MCPH. Buyer shall remit to ESI, ***, an amount equivalent to the actual EFH for each Aircraft in Buyer's fleet for the preceding month, multiplied by the applicable MCPH rate as adjusted in accordance with the provisions of Appendix "D". ***
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MCPH. It is acknowledged that Lessee may wish (either at Delivery or subsequently) to enroll the Engine into an engine maintenance agreement with GE Engine Services (“GEES”) on a restored hour basis (the “GEES MCPH Agreement”). If Lessee enters into the GEES MCPH Agreement, in lieu of the maintenance contributions contemplated by Section 3.5 (Lessor’s Maintenance Contribution) hereof, and provided no Significant Default or Event of Default has occurred and is continuing as to which Lessor is then exercising remedies, in connection with performance of an Engine Refurbishment, Lessor shall pay directly to GEES the lesser of (a) the amount required by the GEES MCPH Agreement at the relevant time, and (b) the balance of the Supplemental Rent received and not previously disbursed by Lessor corresponding to the Engine Refurbishment of the Engine.
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MCPH. Subject to mutual agreement, Lessee and Lessor may enter into a Maintenance Cost Per Hour arrangement (MCPH) with GE Engine Services (GEES) to cover engine scheduled refurbishments for the Engines subject to the Lease. Related workscopes, engine repair specifications and general terms and conditions covered by MCPH shall be mutually agreed between Lessor, Lessee and GEES." F. To clarify the ownership impact of alterations, modifications, and additions the following amendments are made to Section 9 (b) of the Lease: 1. In the fourth sentence the word "Lessor" is replaced by "Owner"; and 2. In the fifth sentence the phrase "or Owner" is added after the word "Lessor".
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MCPH. It is acknowledged that Lessee may wish (either at Delivery or subsequently) to enroll the Engines into an engine maintenance agreement with GE Engine Services (“GEES”) on a restored hour basis (the “GEES MCPH Agreement”). If Lessee enters into the GEES MCPH Agreement, in lieu of the maintenance contributions contemplated by Section 3.5 hereof, and provided no Significant Default or Event of Default has occurred and is continuing as to which Lessor is then exercising remedies, in connection with performance of an Engine Refurbishment, Lessor shall pay directly to GEES the lesser of (a) the amount required by the GEES MCPH Agreement at the relevant time, and (b) the balance of the Supplemental Rent received and not previously disbursed by Lessor corresponding to the Engine Refurbishment of the relevant Engine.
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