Common use of Aircraft Allowance Clause in Contracts

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.

Appears in 2 contracts

Sources: General Terms Agreement (Virgin America Inc.), General Terms Agreement (Virgin America Inc.)