Annual Adjustment to Margin Payment. With respect to each calendar year effective 2008, if the Margin is greater than MMR but less than or equal to (MMR + 0.05), Northwest shall receive from Pinnacle an amount determined as follows: Pnw = (Rev - [Total Operating Cost/(1 - MMR)]) / 2 where, Pnw is the amount payable to Northwest, Rev is Total Operating Revenue for Regional Airline Services for the applicable calendar year excluding the items listed in Section 5.12 (a), and Total Operating Cost excludes items 1-10 in Section 5.12(a) above. With respect to each calendar year effective 2008, if the Margin is greater than (MMR + 0.05), Northwest shall receive from Pinnacle an amount determined as follows: Pnw = (Rev - [Total Operating Cost/(0.975 - MMR)]) where, Pnw is the amount payable to Northwest, Rev is Total Operating Revenue for Regional Airline Services for the applicable calendar year excluding the items listed in Section 5.12 (a), and Total Operating Cost excludes items 1-10 in Section 5.12(a) above. An amount payable pursuant to this Section 5.12(b) is a “Margin Adjustment Payment.” Northwest shall add in or setoff, as appropriate, any Margin Adjustment Payment in the next wire transfer due to Pinnacle.
Appears in 5 contracts
Samples: Airline Services Agreement (Pinnacle Airlines Corp), Airline Services Agreement (Pinnacle Airlines Corp), Airline Services Agreement (Pinnacle Airlines Corp)
Annual Adjustment to Margin Payment. With respect to each calendar year effective 2008, if the Margin is greater than MMR but less than or equal to (MMR + 0.05), Northwest shall receive from Pinnacle an amount determined as follows: Pnw = (Rev - [Total Operating Cost/(1 - MMR)]) / 2 where, Pnw is the amount payable to Northwest, Rev is Total Operating Revenue for Regional Airline Services for the applicable calendar year excluding the items listed in Section 5.12 (a), and Total Operating Cost excludes items 1-10 in Section 5.12(a) above. With respect to each calendar year effective 2008, if the Margin is greater than (MMR + 0.05), Northwest shall receive from Pinnacle an amount determined as follows: Pnw = (Rev - [Total Operating Cost/(0.975 - MMR)]) where, Pnw is the amount payable to Northwest, Rev is Total Operating Revenue for Regional Airline Services for the applicable calendar year excluding the items listed in Section 5.12 (a), and Total Operating Cost excludes items 1-10 in Section 5.12(a) above. An amount payable pursuant to this Section 5.12(b) is a “"Margin Adjustment Payment.” " Northwest shall add in or setoff, as appropriate, any Margin Adjustment Payment in the next wire transfer due to Pinnacle.
Appears in 2 contracts
Samples: Pinnacle Airlines Corp, Pinnacle Airlines Corp
Annual Adjustment to Margin Payment. With respect to each calendar year effective 2008, if the Margin is greater than MMR 8% but less than or equal to (MMR + 0.05)13%, Northwest shall receive from Pinnacle an amount determined as follows: Pnw = (Rev - — [Total Operating Cost/(1 - MMRCost/(0.92)]) / 2 where, Pnw is the amount payable to Northwest, Rev is Total Operating Revenue for Regional Airline Services for the applicable calendar year excluding the items listed in Section 5.12 (a), and Total Operating Cost excludes items 1-10 in Section 5.12(a) above. With respect to each calendar year effective 2008, if the Margin is greater than (MMR + 0.05)13%, Northwest shall receive from Pinnacle an amount determined as follows: Pnw = (Rev - — [Total Operating Cost/(0.975 - MMRCost/(0.895)]) where, Pnw is the amount payable to Northwest, Rev is Total Operating Revenue for Regional Airline Services for the applicable calendar year excluding the items listed in Section 5.12 (a), and Total Operating Cost excludes items 1-10 in Section 5.12(a) above. An amount payable pursuant to this Section 5.12(b) is a “Margin Adjustment Payment.” Northwest shall add in or setoff, as appropriate, any Margin Adjustment Payment in the next wire transfer due to Pinnacle.
Appears in 1 contract
Samples: Airline Services Agreement (Pinnacle Airlines Corp)