Engine Performance Restoration Reserves definition

Engine Performance Restoration Reserves. “Engine LLP Reserves”, “Landing Gear Reserves” and “APU Reserves”, and collectively “Reserves”): Airframe Reserves: US$ per calendar month Engine Performance Restoration Reserves: US$ per Engine flight hour for each Engine (payable when the Engine is utilized on the Aircraft or another aircraft) Engine LLP Reserves: US$ per Engine cycle for each Engine (payable when the Engine is utilized on the Aircraft or another aircraft) Landing Gear Reserves: US$ per calendar month APU Reserves: US$ per APU hour (payable when the APU is utilized on the Aircraft or another aircraft)

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Engine Performance Restoration Reserves. “Engine LLP Reserves”, “Landing Gear Reserves” and “APU Reserves”, and collectively “Reserves”): Airframe Reserves (6 Year Check): ***** per calendar month Airframe Reserves (12 Year Check): ***** per calendar month Engine Performance Restoration Reserves: ***** per Engine flight hour for each Engine (payable when the Engine is utilized on the Aircraft or another aircraft) Engine LLP Reserves: ***** per Engine cycle for each Engine (payable when the Engine is utilized on the Aircraft or another aircraft) Landing Gear Reserves: ***** per calendar month APU Reserve: ***** per APU hour (payable when the APU is utilized on the Aircraft or another aircraft) * All Reserves are subject to an annual escalation rate of ***** (compounded yearly) on January 1, 2009 and on each one-year anniversary thereof. ***** Confidential portions of the material have been omitted and filed separately with the Securities and Exchange Commission. 17 ARTICLE 5 SECURITY DEPOSIT, TRANSACTION FEE, RENT, RESERVES AND OTHER PAYMENTS

Engine Performance Restoration Reserves. “Engine LLP Reserves”, “Landing Gear Reserves” and “APU Reserves”, and collectively “Reserves”): Airframe Reserves (6 Year Check): ***** per calendar month Airframe Reserves (12 Year Check): ***** per calendar month Engine Performance Restoration Reserves: ***** per Engine flight hour for each Engine (payable when the Engine is utilized on the Aircraft or another aircraft) Engine LLP Reserves: ***** per Engine cycle for each Engine (payable when the Engine is utilized on the Aircraft or another aircraft) Landing Gear Reserves: ***** per calendar month APU Reserves: ***** per APU hour (payable when the APU is utilized on the Aircraft or another aircraft) * All Reserves are subject to an annual escalation rate of ***** (compounded yearly) on January 1, 2009 and on each one-year anniversary thereof.

Examples of Engine Performance Restoration Reserves in a sentence

With respect to each Engine, LESSOR will reimburse LESSEE from the Engine Performance Restoration Reserves as follows.
Notwithstanding anything to the contrary herein, Engine Performance Restoration Reserves shall be calculated with respect to any relevant period based on the thrust rating at which the Engine is actually operated, from time to time, during such period.
LESSEE acknowledges that it is required under this Lease to pay to LESSOR the Engine Performance Restoration Reserves even if the Engines are placed under the FHA Agreement.
Notwithstanding the foregoing, in the event that accident, incident or other accidental cause necessitates a repair and during the course of such repair the workscope results in performance restoration to, the Engine or installation of LLPs with more life remaining, the performance restoration portion or LLP life betterment of such repair workscope may be claimed by LESSEE from Engine Performance Restoration Reserves or Engine LLP Reserves (as applicable).
If on any occasion the balance in the Airframe Reserves, Engine Performance Restoration Reserves or Engine LLP Reserves for a particular Engine (at the time of the structural check, in the case of the Airframe, or at the time of removal, in the case of an Engine) is insufficient to satisfy a claim for reimbursement in respect of the Airframe or such Engine, as applicable, the shortfall may not be carried forward or made the subject of any further claim for reimbursement.
If an Engine is utilized by LESSEE on the Aircraft or on any other airframe (or if the Engine is utilized by any sublessee or user under a pooling arrangement in accordance with this Lease) at a thrust rating greater than the thrust rating set forth in Exhibit A, LESSEE will promptly notify LESSOR and the amounts of Engine Performance Restoration Reserves and, if applicable, Engine LLP Reserves, set forth in Article 5.
Notwithstanding anything to the contrary herein, in the event that any accident, incident, injection incident or other accidental cause necessitates a repair and during such repair the workscope performed results in performance restoration to the Engine or installation of LLPs with more life remaining, the performance of such workscope may be claimed by LESSEE from the Engine Performance Restoration Reserves and/or Engine LLP Reserves.
If an Engine is utilized by LESSEE on the Aircraft or on any other airframe (or if the Engine is utilized by any sublessee or user under a pooling arrangement in accordance with this Lease) at a thrust rating greater than the thrust rating set forth in Exhibit A, LESSEE will promptly notify LESSOR and the Engine Performance Restoration Reserves amounts set forth in Article 5.
Notwithstanding the foregoing, in the event that accident, incident or other accidental cause necessitates a repair; and during the course of such repair the workscope results in performance restoration to the Engine or installation of LLPs with more life remaining, the performance restoration portion or LLP life betterment of such repair workscope may be claimed by LESSEE from Engine Performance Restoration Reserves or Engine LLP Reserves (as applicable).
If an Engine is utilized by LESSEE on the Aircraft or on any other airframe (or if the Engine is utilized by any sublessee or user under a pooling arrangement in accordance with this Lease) at a thrust rating greater than the thrust rating set forth in Exhibit A, LESSEE will promptly notify LESSOR and the amounts of Engine Performance Restoration Reserves and, if applicable, Engine LLP Reserves, set forth in Article 5.4.1 will be increased in an amount consistent with Engine manufacturer’s published data.

More Definitions of Engine Performance Restoration Reserves

Engine Performance Restoration Reserves and "Engine LLP Reserves" and collectively, "Reserves"):

Engine Performance Restoration Reserves. “Engine LLP Reserves”, “Landing Gear Reserves” and “APU Reserves”, and collectively “Reserves”): Type of Reserves Amount of Reserves Airframe Reserves (6 Year Check): ***** per calendar month Airframe Reserves (12 Year Check): ***** per calendar month ***** Confidential portions of the material have been omitted and filed separately with the Securities and Exchange Commission.