Block Hour Payment definition

Block Hour Payment means the payment for Block Hours to be made pursuant to Section 5.02(b).
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Block Hour Payment means the payment for Block Hours to be made pursuant to Section 1.01(a) of this Exhibit A.
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Block Hour Payment means the payment for Block Hours to be made pursuant to SECTION 5.02(B). "BLOCK HOUR RATE" shall have the meaning ascribed to such term in SECTION 5.03.
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Examples of Block Hour Payment in a sentence

  • Northwest shall remit to Pinnacle by wire transfer of immediately available funds by the close of business on the 30th day of each calendar month (or the next banking day if the 30th is a bank holiday), as a provisional payment, Pinnacle’s Block Hour Payment, Cycle Payment, IOP Payment and any payments due pursuant to Section 5.05 below for the period covered by the Block Hour Report and Cycle Report furnished by Pinnacle on the 22nd day of the month.

  • On the [***] day of each month (or if not a business day, on the following business day) Delta will advance to SKYW via wire transfer [***] of the estimated monthly Direct Costs and Block Hour Payment (each, a “Provisioning Payment”).

  • On Monday of each week during the term of this Agreement, Midwest shall remit to SkyWest by wire transfer of immediately available funds, as provisional payments in arrears for the prior week, (A) the Provisional Block Hour Payment, (B) the Provisional Cycle Payment, (C) the Provisional Fixed Cost Payment and (D) the Provisional Monthly Margin Payment.

  • Delta shall be entitled to review and verify SKYW’s final written invoice (together with the relevant data with respect to the actual Base Rate Costs and Block Hour Payment earned and final actual operating results); provided, however, any such review or payment shall still be subject to potential audit and reconciliation pursuant to this Article 3.

  • If Mesaba does/does not achieve the performance criterion, then an incentive/penalty shall be applied to amounts owing to Mesaba, provided that the amount of the incentive/penalty for each of the Performance Criterion shall not exceed one (1) percentage point of the sum of the Block Hour Payment, Cycle Payment, Aircraft Days Payment, Monthly Payment, Direct Expense Payment and IOP Payment, if any.

  • If SKYW is not awarded a portion of the Growth Aircraft so as to replace the Removed Aircraft, SKYW shall be offered the opportunity to match the “Winning Bid” (as defined below) with respect to the economic terms and conditions (including, without limitation, Direct Costs and Block Hour Payment, but excluding extraordinary economic terms such as an upfront buy-down payment from the operator to Delta).

  • In addition, the payment due on the 16th of the month shall include an adjustment to true-up the Block Hour Payment, Cycle Payment, Aircraft Day Payment, Direct Expense Payment and Margin Payment made in the preceding month to reflect actual information for the entire month with respect to Block Hours, Cycles, Aircraft Days, Direct Expenses and Margin Payment.

  • Mesaba shall be subject to certain performance incentives and penalties described in Sections 1.04(a), 1.04(b) and 1.04(e) below (“Performance Criteria”) which shall be added to or deducted from the Block Hour Payment.

  • Northwest shall remit to Mesaba by wire transfer of immediately available funds by the close of business on the 1st day of each calendar month (or the next banking day if the 1st is a bank holiday), as a pre-payment, Mesaba’s estimated Block Hour Payment, Cycle Payment, Aircraft Days Payment, Monthly Payment, Direct Expense Payment, associated Margin Payment and any payments due pursuant to Section 1.04 below for the period covered by the report furnished by Mesaba on the 25th day of the preceding month.

  • The parties shall execute an amendment reflecting the adjusted Block Hour Payment Rates upon the mutual determination of [*].


More Definitions of Block Hour Payment

Block Hour Payment means the payment to be made pursuant to Section 1.01, the amount of which is determined in accordance with Attachment A attached hereto.
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Related to Block Hour Payment

  • Transfer Payment Either or both of a Transfer Payment Made or a Transfer Payment Received.

  • Capitation Payment means a payment the STATE makes periodically to the MCO for each Enrollee covered under the Contract for the provision of services as defined in Article 6 regardless of whether the Enrollee receives these services during the period covered by the payment.

  • Excess Cash Flow Payment Date means the earlier of (a) the date occurring 90 days after the last day of each fiscal year of the Borrower (commencing with the fiscal year of the Borrower ending December 31, 2018) and (b) the third Business Day following the date on which financial statements with respect to such period are delivered pursuant to Section 5.01(c).

  • Completion Payment means the payment for the 20% of the Charges for each Apprenticeship that under the ESFA Rules is only paid once an Apprentice takes their end point assessment, including as the case may be Apprenticeships funded by Transferred Levy Funds;

  • Basic Rent Payment Date means the Delivery Date, and the numerically corresponding day in each calendar month thereafter during the Term, and if such day is not a Business Day, then the immediately preceding calendar day which is a Business Day.

  • Minimum Payment means the amount of minimum payment as stated in the Fee Schedule;

  • Application for Payment means Contractor’s monthly partial invoice for payment that includes any portion of the Work that has been completed for which an invoice has not been submitted and performed in accordance with the requirements of the Contract Documents. The Application for Payment accurately reflects the progress of the Work, is itemized based on the Schedule of Values, bears the notarized signature of Contractor, and shall not include subcontracted items for which Contractor does not intend to pay.

  • AHYDO Catch-Up Payment means any payment on any Indebtedness that would be necessary to avoid such Indebtedness being characterized as an “applicable high yield discount obligation” under Section 163(i) of the Code.

  • PAGA Payment means the penalties pursuant to PAGA that the Parties have agreed is a

  • Deferred Sales Charge Payment Date means June 10, 2015 and the tenth day of each month thereafter through October 10, 2015.

  • Earn-Out Payment has the meaning set forth in Section 2.5(a).

  • Minimum Disbursement Amount means Twenty-Five Thousand and No/100 Dollars ($25,000).

  • Excess Cash Flow Payment Period means, with respect to any Excess Cash Flow Payment Date, the immediately preceding fiscal year of the Borrower.

  • Interim Payment has the meaning specified in Section 10.1.

  • Rent Payment means the amount payable by Lessee for the Assets as specified in the applicable Schedule.

  • Excess Cash Payment Date means the date occurring 95 days after the last day of each Fiscal Year of Holdings (commencing with the Fiscal Year of Holdings ended December 31, 2010).

  • Deferred Sales Charge Payment Dates means the dates specified for deferred sales fee installments under "Investment Summary--Fees and Expenses" in the Prospectus for the Trust.

  • Minimum Monthly Payment for any Mortgage Loan and any month means the minimum amount required to be paid by the related mortgagor in that month.

  • Payment month means, for all programs except EA, the calendar month for which benefits are issued.

  • Earnout Payment has the meaning set forth in Section 2.3(b).