GA Loyalty Units definition

GA Loyalty Units or "GALUs" – means the miles, points or other loyalty program units issued by Groupe Aeroplan’s subsidiaries under the respective programs owned and operated by each of the entities;
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Examples of GA Loyalty Units in a sentence

  • GA LOYALTY UNITS ISSUED AFTER JANUARY 1, 2002 In addition, Groupe Aeroplan may be required to provide rewards to members for unexpired GA Loyalty Units accounted for as Breakage on the GA Loyalty Units issued after December 31, 2001 for which the Breakage revenue has been recognized or deferred and for which no liability has been recorded.

  • Given the large volume of GA Loyalty Units issued and redeemed, slight fluctuations in the average unit redemption cost or selling price of a GA Loyalty Unit will have a significant impact on results.

  • Since Groupe Aeroplan’s revenues are recognized based on redemptions by members as opposed to the issuance of GA Loyalty Units (“GALUs”) to members by the Accumulation Partners, the information on major customers is based on total Gross Billings, which include proceeds from the sale of GALUs and services rendered or to be rendered.

  • Cost of rewards representing the amount paid by Groupe Aeroplan to Redemption Partners is accrued when the member redeems the GA Loyalty Units.

  • Since Groupe Aeroplan’s revenues are recognized based on redemptions by members as opposed to the issuance of GA Loyalty Units to members by the Accumulation Partners, the information on major customers is based on the Gross Billings of GA Loyalty Units issued through each Accumulation Partner to members.

  • Air Canada and the other Accumulation Partners accounted for significant issuance of GA Loyalty Units as follows: Year ended December 31, CONTRACTUAL AND COMMERCIAL PRACTICES WITH AIR CANADA Air Canada is Groupe Aeroplan’s largest Redemption Partner.

  • These Gross Billings are deferred and recognized as revenue either upon the redemption of GA Loyalty Units by members or in accordance with the accounting policy for Breakage.

  • The maximum potential redemption cost for such GA Loyalty Units is estimated to be$973.2 million at June 30, 2010.

  • In limited circumstances, Groupe Aeroplan may sell GA Loyalty Units directly to members.

  • The maximum potential redemption cost for such GA Loyalty Units is estimated to be$949.4 million at March 31, 2010.

Related to GA Loyalty Units

  • Units means the units of the Company, each comprised of one share of Common Stock and one-half of one Warrant.

  • Class B Units means the Class B Units of the Company.

  • Common Units is defined in the Partnership Agreement.

  • Class B LP Units means, collectively, the Class B limited partnership units of the Partnership, and “Class B LP Unit” means any one of them.

  • Class C Units means the Class C Units of the Company.

  • RSUs means restricted stock units.

  • Restricted Share Units means an Award which may be earned in whole or in part upon the passage of time or the attainment of performance criteria established by the Administrator and which may be settled for cash, Shares or other securities or a combination of cash, Shares or other securities as established by the Administrator.

  • Class A Units means the Units of partnership interest in the Partnership designated as the “Class A Units” herein and having the rights pertaining thereto as are set forth in this Agreement.