Examples of PBH Period in a sentence
As soon as available and in any event within fifteen (15) days after the end of each calendar month during the PBH Period, the Lessee shall deliver a statement to the Counterparties specifying the utilization of each relevant component of the Equipment during such calendar month, substantially in the form of Schedule 3 hereto (the “PBH Utilization Statement”); provided that the PBH Utilization Statements for July 2020 and August 2020 shall be delivered no later than September 15, 2020.
For each airframe or engine constituting the Equipment that is operated during any calendar month (or part thereof) of the PBH Period, the Lessee shall pay to the Counterparties in arrears an amount (the “ PBH Rent”) equal to the PBH Rate corresponding to such Equipment, multiplied by the number of flight hours operated by such airframe or engine during such calendar month (or part thereof).
For each engine constituting the Equipment that is operated during any calendar month (or part thereof) of the PBH Period, the Lessee shall pay to the Counterparties in arrears an amount (the “ PBH Rent”) equal to the PBH Rate corresponding to such engine, multiplied by the number of flight hours operated by such engine during such calendar month (or part thereof).
As soon as available and in any event within fifteen (15) days after the end of each calendar month during the PBH Period, the Lessee shall deliver a statement to the Counterparties specifying the utilization of each relevant component of the Equipme nt during such calendar month, substantially in the form of Schedule 3 hereto (the “PBH Utilization Statement”); provided that the PBH Utilization Statements for July 2020 and August 2020 shall be delivered no later than September 15, 2020.
For each calendar month (or part thereof) in the PBH Period during the Term, Lessee will provide a utilization report to Lessor by the [REDACTED] day of the immediately succeeding calendar month and make a payment of the PBH Rent by the later of (x) the [REDACTED] day of such calendar month and (y) [REDACTED] Business Days after [REDACTED] (the “ PBH Rent Date”).
Other than during the PBH Period, during the Term, Lessee shall pay Fixed Rent to Lessor in [REDACTED] on each Fixed Rent Date.
The names, experience and responsibilities of Directors of the Company in office at the date of this statement are set out in the Prospectus (including names of the directors considered to be independent directors and length of service of each director).
The power by the hour arrangements set forth in this PBH Agreement shall be applicable in respect of the usage of the Equipment during the period commencing on July 1, 2020 until the end of the Stipulation Period (such period, the “PBH Period”); provided that the confidentiality provisions in Section 11(d) below shall survive the end of the PBH Period and the termination of this PBH Agreement in accordance with the terms thereof.
The Term shall be divided into (i) an initial PBH Period and (ii) after the PBH Period, successive periods (each a “ Fixed Rent Period”) in respect of which Fixed Rent shall accrue and be payable.
Lessor will multiply the PBH Usage by the PBH Rate and any amount due greater than the PBH Period Minimum Rent but less than FBLR shall be due within three (3) Business Days of Lessor providing a supplemental rental invoice to Lessee.