Northwest FASA Credits Sample Clauses

Northwest FASA Credits. For so long as a Northwest General Termination, a Northwest Bankruptcy FASA Rejection, a Northwest Continuing Payment Termination or a Worldspan Bankruptcy Northwest FASA Rejection has not occurred, on the first [**] = Confidential treatment requested for redacted portion, redacted portion has been filed separately with the Commission. Business Day of each of the one hundred and eight (108) consecutive calendar months (each, a “Credit Accrual Date”) commencing with the calendar month immediately following the date of this Agreement, Northwest shall earn and be entitled to a credit against the fees for services to be provided by Worldspan in such calendar month and which shall be applied against the outstanding invoice then payable by Northwest to Worldspan pursuant to Article 4 of this Agreement that has the earliest due date after such Credit Accrual Date (the “Current Invoice”), which credit is equal to the amount set forth in column B of the table in Schedule 4.4(a) hereto directly opposite the applicable month in column A thereof (each such credit, a “Northwest FASA Credit”). The amount outstanding under the Current Invoice shall be reduced by the applicable “Monthly Credit Amount”, with the “Monthly Credit Amount” being equal to the amount, if any, by which (x) the amount of a Northwest FASA Credit earned and accrued in respect of such calendar month exceeds (y) the sum of (A) the Recoupment Amount, if any, that was included in the applicable Current Invoice, (B) the Northwest Indemnity Claim Amount, if any, that was included in the applicable Current Invoice and (C) the Northwest FASA Claim Amount, if any, that was included in the applicable Current Invoice. If the Monthly Credit Amount is greater than the amount due under the Current Invoice (it being understood and agreed that if no amounts are actually invoiced as due during the applicable calendar month, there shall be deemed to exist a Current Invoice with respect to such calendar month and the amount due under such Current Invoice shall be deemed to be zero for purposes of this Section 4.4(a)) (such excess, a “FASA Credit Excess Amount”), then, except to the extent otherwise expressly provided in the Northwest Subordination Agreement, Worldspan shall pay to Northwest such FASA Credit Excess Amount on the due date of the applicable Current Invoice or, if no amounts are actually invoiced as due during the applicable calendar month, on or prior to the last day of such calendar month. Such payment ...
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