Guaranteed Dispatch Reliability definition
Examples of Guaranteed Dispatch Reliability in a sentence
Any design, certification, regulatory, organizational structure or Aircraft operation changes outside the Seller's control that may have an effect upon the operation and dispatch characteristics of the Aircraft will be cause for reevaluation or adjustment of this Guaranteed Dispatch Reliability Level by mutual agreement between the Buyer and the Seller.
The Seller guarantees the "Guaranteed Dispatch Reliability," set forth below in Subparagraph 3.1 and 3.2.
If the Buyer so declines, the Seller may adjust the Guaranteed Dispatch Reliability Level downwards by an amount consistent with the improvement in the Achieved Dispatch Reliability Level, based on reasonable substantiation to the Buyer and on other operators' experience, if any, that of the reliability benefits of such modification or such revised procedures are expected to cause.
Aircraft operation changes and requirements, if any, necessitating adjustment of the Guaranteed Dispatch Reliability Level.
At the end of each Computation Period, the Buyer and the Seller will jointly compare the Achieved Dispatch Reliability Level with the Guaranteed Dispatch Reliability Level.
The Seller guarantees the "Guaranteed Dispatch Reliability," set forth below in Subparagraph 3.1 and 3.
Should the Buyer so decline, the Seller has the right to make adjustment to the Guaranteed Dispatch Reliability by an amount consistent with the expected improvement in the Achieved Dispatch Reliability, based on reasonable substantiation by the Seller and, if available, on the Seller's experience with other operators.
For each Computation Period during which the Achieved Dispatch Reliability Level is below the Guaranteed Dispatch Reliability Level (the “DR Shortfall”), the Seller will credit the Buyer’s account in the amount of US$ [***] (US dollars — [***]) per percentage point of the DR Shortfall or, in the case of a fraction of a percentage point, with a prorated portion of this dollar amount (the “DR Credit”).
The "Guaranteed Dispatch Reliability" exclusively relating to this Guarantee is solely as defined herein and provided in lieu of any and all other guarantees relating to Dispatch Reliability of any nature that may be stated, referenced or incorporated in any other document related to the Agreement.
Any design, certification, regulatory, organizational structure or Aircraft operation changes outside the Seller’s control that may have an effect upon the operation and dispatch characteristics of the Aircraft will be cause for reevaluation or adjustment of the Guaranteed Dispatch Reliability or Guaranteed Completion Factor by mutual agreement between the Buyer and the Seller.