Common use of SUPPLEMENTAL RENT ABATEMENT Clause in Contracts

SUPPLEMENTAL RENT ABATEMENT. Lessor agrees to abatx xxxporarily Lessee's obligation to pay Supplemental Rent towards specific Engine Refurbishment and Life Limited Parts in cases where the Lessee uses its own funds ("OUT-OF-POCKET EXPENSES") to pay for respective Engine overhauls during the Term. Lessee's Out-of-Pocket Expenses shall be defined as the excess of (x) the actual cost for the over-haul of such Engine paid by Lessee as duly substantiated to Lessor's satisfaction and (y) the individual Supplemental Rent balance for such Engine at the time of its overhaul. Overhaul work scopes shall be preapproved by the Lessor. The overhaul cost shall relate to the actual overhaul and shall not include any ancillary or consequential costs including, but not limited to (1) substitute equipment leases and (2) transportation charges. The periods of Supplemental Rent abatement shall commence respectively, on the first day that the Engine is returned to service after its overhaul and shall continue until such time that the Engine has lapsed Flight Hours and Cycles such that, when multiplied by the Supplemental Rent rate defined herein, the total dollar amount equals the Out-of-Pocket Expenses that the Lessee paid for the respective overhaul.