Common use of AIRCRAFT COMMITMENT FEE Clause in Contracts

AIRCRAFT COMMITMENT FEE. Lessor acknowledges that Lessee, pursuant to the October 1994 Lease, has paid to Lessor an Aircraft Commitment Fee in an amount equal to (x) $225,000 plus (y) Relevant Interest (as hereinafter defined) calculated from the date the Aircraft Commitment Fee or any part thereof was actually paid. For purposes of this Letter Agreement, Relevant Interest shall mean interest on the sum of $225,000 accrued over a period commencing from the date following the Previous Delivery Date on which the Aircraft Commitment Fee or any part thereof was actually paid to the Expiry Date, at the average rate over such period of General Electric Capital Corporation Commercial Paper (for 240 to 270 days) as reported from time to time in The Wall Street Journal less 25 basis points (i.e. 0.25% per annum).

AIRCRAFT COMMITMENT FEE. Lessor acknowledges that Lessee, pursuant to the October November 9, 1994 Lease, has paid to Lessor an Aircraft Commitment Fee in an amount equal to (x) $225,000 270,000 plus (y) Relevant Interest (as hereinafter defined) calculated from the date the Aircraft Commitment Fee or any part thereof was actually paid. For purposes of this Letter Agreement, Relevant Interest shall mean interest on the sum of $225,000 accrued over a period commencing from the date following the Previous Delivery Date on which the Aircraft Commitment Fee or any part thereof was actually paid to the Expiry Date, at the average rate over such period of General Electric Capital Corporation Commercial Paper (for 240 to 270 days) as reported from time to time in The Wall Street Journal less 25 basis points (i.e. 0.25% per annum).

AIRCRAFT COMMITMENT FEE. Lessor acknowledges that Lessee, pursuant to the October December 1994 Lease, has paid to Lessor an Aircraft Commitment Fee in an amount equal to (x) $225,000 plus (y) Relevant Interest (as hereinafter defined) calculated from the date the Aircraft Commitment Fee or any part thereof was actually paid. For purposes of this Letter Agreement, Relevant Interest shall mean interest on the sum of $225,000 accrued over a period commencing from the date following the Previous Delivery Date on which the Aircraft Commitment Fee or any part thereof was actually paid to the Expiry Date, at the average rate over such period of General Electric Capital Corporation Commercial Paper (for 240 to 270 days) as reported from time to time in The Wall Street Journal less 25 basis points (i.e. 0.25% per annum).

AIRCRAFT COMMITMENT FEE. Lessor acknowledges that Lessee, pursuant to the October November 1994 Lease, has paid to Lessor an Aircraft Commitment Fee in an amount equal to (x) $225,000 plus (y) Relevant Interest (as hereinafter defined) calculated from the date the Aircraft Commitment Fee or any part thereof was actually paid. For purposes of this Letter Agreement, Relevant Interest shall mean interest on the sum of $225,000 accrued over a period commencing from the date following the Previous Delivery Date on which the Aircraft Commitment Fee or any part thereof was actually paid to the Expiry Date, at the average rate over such period of General Electric Capital Corporation Commercial Paper (for 240 to 270 days) as reported from time to time in The Wall Street Journal less 25 basis points (i.e. 0.25% per annum).

AIRCRAFT COMMITMENT FEE. Lessor acknowledges that Lessee, pursuant to the October March 1994 Lease, has paid to Lessor an Aircraft Commitment Fee in an amount equal to (x) $225,000 270,000 plus (y) Relevant Interest (as hereinafter defined) calculated from the date the Aircraft Commitment Fee or any part thereof was actually paid. For purposes of this Letter Agreement, Relevant Interest shall mean interest on the sum of $225,000 accrued over a period commencing from the date following the Previous Delivery Date on which the Aircraft Commitment Fee or any part thereof was actually paid to the Expiry Date, at the average rate over such period of General Electric Capital Corporation Commercial Paper (for 240 to 270 days) as reported from time to time in The Wall Street Journal less 25 basis points (i.e. 0.25% per annum).