Aircraft Allowance Sample Clauses
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Aircraft Allowance. For each of the CFM56-5B3 powered Aircraft delivered to Airline per the Aircraft Delivery Schedule CFM will provide Airline with a per aircraft allowance for each such Aircraft in the amount of *****. Such per Aircraft allowance is stated in *****, and shall be subject to adjustment for escalation to the date of delivery of each shipset of Engines to Airline in accordance with the escalation formula set forth in Attachment D hereto and subject to the escalation cap set forth in paragraph (iv) below. Each per Aircraft Allowance will be earned by Airline upon delivery of each shipset of Engines to Airframer, (consistent with the Aircraft Delivery Schedule) payable in each case by wire transfer to Airline as soon as possible, but in any event within ***** following receipt of written notice from Airline that it has taken delivery of each Aircraft in accordance with its purchase agreement with Airframer. If requested in writing by Airline at least ***** prior to the scheduled Aircraft delivery date, CFM will by the time of delivery of such Aircraft pay in cash the amount of the Aircraft Allowance directly to Airbus. Airline shall continue to advise CFM of any delivery date changes. If CFM actually pays the Aircraft Allowance to Airbus on the delivery date as most recently notified by Airline and the actual delivery date is delayed more than ***** from the date CFM provides such allowance, Airline will pay to CFM interest on such amount, calculated from the date of payment to Airbus to but excluding the date of actual Aircraft delivery or return of such payment to CFM. Interest will be computed at *****. Such payment to Airbus may be offset against any amounts due and owing CFM.
Aircraft Allowance. For each of the Aircraft referenced and delivered to Airline under the Aircraft Delivery Schedule, CFM will provide Airline with a per-Aircraft allowance of […***…]. Allegiant 5B GTA No. 1-▇▇▇▇▇▇▇▇▇▇ CFM Proprietary Information Page 2 of 15 Such per Aircraft Allowance is stated in January 2016 US Dollars (CPI=216.64), and shall be adjusted for escalation to the date of delivery of each Aircraft to Airline in accordance with the escalation formula set forth in Attachment D hereto. If due to fault or negligence of Airline, there is a delay in delivery of Aircraft, such escalation shall stop at the original (scheduled delivery date in effect at the time of delay due to fault or negligence of Airline) scheduled delivery date of the Aircraft. Each per Aircraft Allowance will be earned by Airline upon delivery of each shipset of Installed Engines to Airframer, and paid as follows: Each per Aircraft Allowance will be made available and paid to Airline within (3) business days following receipt of written notice from Airline that it has taken delivery of each Aircraft. If requested in writing by Airline at least 30 days prior to scheduled Aircraft delivery date, CFM will pay the Aircraft Allowance directly to the Airframer. Notwithstanding the foregoing, CFM will not initiate the actual payment of the Aircraft Allowance to the Airframer until it receives further written direction by Airline at the time Airline takes delivery of each Aircraft. Airline will keep CFM informed of any Aircraft delivery date changes. For the avoidance of doubt, CFM agrees it shall not provide the Aircraft Allowance to the Airframer without the Airline’s further written direction under the foregoing and Airline agrees that it shall not issue such further written direction earlier than the date of Aircraft delivery to Airline. If, after such further written direction from Airline, CFM actually provides the Aircraft Allowance to the Airframer and the actual delivery date is delayed (not due to acts or failure to act by CFM) more than 2 days from the date CFM provides such allowance, Airline will pay to CFM interest on such amount, calculated from the date of payment to the Airframer to the date of actual Aircraft delivery. Interest will be computed at […***…]. Such payment to the Airframer may be offset against any amounts due and owing CFM.
Aircraft Allowance. Provided that Airline maintains an installable Spare Engine to installed Engine ratio of not less than [*****] for the firm Aircraft, the following allowances (the “Allowances”) shall apply in relation to each such Aircraft purchased direct from Airframer and delivered to Airline (stated in January 2014 US Dollars, and therefore subject to escalation [*****] described below):
Aircraft Allowance. CFM will provide Airline with a per aircraft allowance for each such Aircraft in the amount of ***** Such per Aircraft allowance is stated in January 2010 US Dollars (CPI=*****), and shall be subject to adjustment for escalation to the date of delivery of each shipset of Engines to Airframer in accordance with the escalation formula set forth in Attachment D hereto, and further by Paragraph 2.C below. Each per Aircraft Allowance will be earned by Airline upon delivery of each Aircraft to Airline, and will be provided to Airframer for the benefit of Airline on the delivery date of the Aircraft to be applied as a reduction in the final Aircraft price.
Aircraft Allowance. For each of the Aircraft scheduled to deliver to Airline before *****, CFM will provide Airline with a per aircraft allowance for each such Aircraft in the amount of ***** (*****), and shall be subject to adjustment for escalation to the date of delivery of each such Aircraft in accordance with the escalation formula set forth in Attachment C hereto). Each per Aircraft Allowance will be made available to Airline within ***** following receipt of written notice from Airline that it has taken delivery of each Aircraft in accordance with its purchase agreement with Airbus. *****
Aircraft Allowance. A320Neo powered by LEAP-1A26: [*****] -A321Neo powered by LEAP-1A32: [*****]
Aircraft Allowance. The Company shall provide to Executive the use of a chartered aircraft for the Executive’s discretionary travel in an amount up to the annual aircraft allowance (the “Aircraft Allowance”) described below, in accordance with the terms of this Section 3.3(ii). For the 2010 calendar year, the Executive’s Aircraft Allowance shall be $207,695. For the 2011 calendar year, the Aircraft Allowance shall be no less than $450,000. Upon the Executive’s reasonable prior notice to the Company of his request for the use of a chartered aircraft, the Company shall procure the use of a chartered aircraft through an independent third party charter company. Executive shall be permitted to require that the aircraft supplied by the charter company be an aircraft that is owned or controlled, directly or indirectly, by the Executive. The charter company procured by the Company shall be selected by the Chair of the Compensation Committee in his sole discretion. The Executive shall be entitled to the use of a chartered aircraft pursuant to this Agreement until the Aircraft Allowance for the calendar year has been fully expended, and the parties acknowledge that the Company is not obligated to provide any benefits pursuant to this Section 3.3(ii) in excess of the Aircraft Allowance. The actual amount paid by the Company for each chartered flight will reduce the amount of the Aircraft Allowance for each applicable calendar year. The parties acknowledge that the Company shall not be required to pay in excess of market rates for the lease of the aircraft. If the Executive does not use his full Aircraft Allowance in any applicable calendar year, the unused balance of the Aircraft Allowance shall be forfeited and shall not be carried forward to any future calendar year, nor shall Executive be entitled to any cash payments for the amount of any Aircraft Allowance remaining at the end of the year. Any dispute related to or arising from the Aircraft Allowance, including without limitation disputes regarding any amounts owed by the Company to a charter company related to Executive’s travel, shall be resolved by the Compensation Committee.
Aircraft Allowance. For each twelve-month period during the Consulting Period, Company will pay on behalf of Consultant up to $500,000 for Consultant to travel via private jet on a private jet leasing company of Consultant's choice. Company will arrange for the leasing company to bill Company directly and will make such payments directly to ▇▇▇ leasing company when due.
Aircraft Allowance. The Executive will receive the right to use up to fifteen (15) hours of flight time on the Company's aircraft during the five (5) month period beginning August 1, 2000 and ending on December 31, 2000.
Aircraft Allowance. 4 5. Term............................................................................................. 4