Rate Per EFH Payments Sample Clauses

Rate Per EFH Payments. Monthly Billing: [*****] of each month, Customer will provide to GE the Time Since New and Cycles Since New Hours by Engine serial number. Concurrently, GE and/or the Customer will provide to the other Party data on the average derate for each Engine in the previous month. Using this data. and the data provided by the Customer in the preceding [*****], GE will determine the average flight leg, annualized utilization. derate and Altitude Adjusted Ambient Temperature parameters for the previous quarter for each Engine. The Current escalated [*****] for each Engine will be adjusted in accordance with the Price Adjustment Matrix based on these parameters. This rate, [*****], will be provided to the Customer in the monthly invoice no later than the [*****] the month. For the sake of clarity, the first EFH invoice will consist of all hours back to the commencement date. Customer will make payment within [*****]. [*****] Customer will remit to GE, prior to Redelivery of each Engine, an amount [*****] by that Engine since delivery from manufacturer of the aircraft in which such Engine was originally installed [*****] Confidential material redacted and filed separately with the Securities and Exchange Commission. Azul Agreement # 1-1373256434 September 25, 2009 - 8 - Proprietary Information Subject to Restrictions on Cover Page CONFIDENTIAL TREATMENT REQUESTED (for a new installed Engine), or since delivery from manufacturer (for a new spare Engine), or since the last Rate Per EFH Shop Visit for that Engine, whichever occurred last, multiplied by the Current adjusted and escalated [*****]. In the event that Customer causes such payment to be made on its behalf by a third party, and such third party fails to pay some or all of the payment due to GE, then Customer will make the payment, in whole or in part, to make up the amount not paid. In the event that such payment is not paid in full, GE is not obligated to perform its obligations under this Agreement with respect to such Engine.
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Rate Per EFH Payments. Monthly Billing. [***] This rate, multiplied by the total EFH for each Engine elapsed in the prior month, will be provided to the Customer in the monthly invoice no later than the twentieth (20th) of each month. Customer will make payment within five (5) days of receipt of such invoice but in no event will Customer be required to make payment prior to the 25th day of the month. [***]
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Rate Per EFH Payments. 11.1.1 Monthly Billing On a monthly basis, Customer will, by the ***** of the month, determine the EFH which each Engine has flown for the preceding month, but no less than the monthly minimum set forth in Article 11.2 below, and report that amount by Engine serial number to GE in a mutually agreed format. GE will, by the ***** of the same month, render an invoice to Customer covering *****
Sample 1
Rate Per EFH Payments. By the tenth (10th) of each month, Customer will provide to GE the flight hours and cycles flown by each Engine serial number since delivery from manufacturer. The Current Rate Per EFH, multiplied by the total EFH for each Engine elapsed in the prior month, will be provided to Customer in the monthly invoice no later than the fifteenth (15th) of the month. Customer will make payment within thirty (30) Days from the date of the invoice receipt, subject to the rest of this Article 6. Concurrently, GE and/or the Customer will provide to the other Party data on the average derate for each Engine in the previous month. Using this data, GE will determine the average flight leg, annualized utilization, Static Temperature Adjusted to Sea Level and derate parameters for the previous month for each Engine. The Current Rate Per EFH for each Engine will be adjusted in accordance with the Price Adjustment Matrix based on these parameters. This rate multiplied by the total EFH for each Engine elapsed in the prior month, will be calculated monthly to determine the variation from the Current Rate per EFH. The total variation for the 3 months in each quarter will be calculated and Customer will be invoiced or credited no later than the fifteenth (15th) of the month following the quarter end. Customer will make payment within thirty (30) Days from the date of the invoice receipt if invoiced subject to the rest of this Article 6. For the purposes of this provision the “annualized utilization” for a particular month will be calculated by (i) dividing the hours flown by the relevant Engine in the relevant month by the days in that particular month and (ii) multiplying that figure by three hundred and sixty-five point two five (365.25).
Sample 1
Rate Per EFH Payments. Customer will make reasonable efforts to provide to GE the flight hours and cycles flown by each Engine serial number for the previous month by the fifth (5th) Day of each month, but no later than the tenth (10th) Day of each month. Concurrently, GE and/or the Customer will provide to the other Party data on the Take-off Derate, Climb Derate, Adaptive Derate, and the Static Temperature Adjusted to Sea Level temperature for each flight for each Engine in the previous month. [***] Confidential treatment has been requested for the bracketed portions. The confidential redacted portion has been omitted and filed separately with the Securities and Exchange Commission. Subject to restrictions on the cover or first page Using this data, GE will determine the average flight leg, annualized utilization, average Static Temperature Adjusted to Sea Level, and average Adaptive Derate for each Engine for the previous month. The Current Escalated Rate Per EFH for each Engine will be adjusted in accordance with the Price Adjustment Matrix based on these parameters. This rate, multiplied by the total EFH for each Engine elapsed in the prior month, will be provided to the Customer in the monthly invoice and Customer will make payment no later than [***], whichever is sooner.
Sample 1

Related to Rate Per EFH Payments

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  • Payment of Loans The Borrower shall punctually pay the principal and interest on the Loans, and all other sums falling due hereunder or under any other documents executed in connection with the Loans, in accordance with the terms hereof and thereof.

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