First Tranche Aircraft Monthly Base Fee Fraction definition
First Tranche Aircraft Monthly Base Fee Fraction for any month means, with respect to each Aircraft, the fraction which is the product of (x) the quotient of (A) the number of days during such month that MSAF Group owned such Aircraft (including the relevant Delivery Date and excluding the date of disposal of such Aircraft) divided by (B) the total number of days in such month, multiplied by (y) the quotient of (A) the Base Purchase Price of such Aircraft, as set forth on Exhibit A-1 to the 1997 Purchase Agreement divided by (B) the sum of the Base Purchase Prices of all the Aircraft.
First Tranche Aircraft Monthly Base Fee Fraction has the meaning assigned to such term in Section 9.02(a) of this Agreement.