Calculation of Amount and Payment Sample Clauses

Calculation of Amount and Payment. In addition to the Basic Rent required to be paid for the Aircraft pursuant to Article 3(b), Lessee shall pay to Lessor the Airframe Payments, Performance Restoration Payments, Engine Life-Limited Parts Payments, and APU Payments (collectively, the "Maintenance Payments") set forth in the first paragraph of paragraph 5 of Schedule "1" hereto. The amount of the Airframe Payments, Engine Life-Limited Parts Payments, and APU Payments is based on the assumed annual utilization of 3,600 Flight Hours and an average annual sector flight time of 5.0 Flight Hours. Lessor shall increase (or decrease) the Maintenance Payment amounts theretofore paid and thereafter payable hereunder in respect of any Item of Equipment (or part thereof) if such Item of Equipment is operated on a more (or less) demanding schedule (i.e. variation in Flight Hours/Cycles) in terms of maintenance costs than as contemplated above or in a more (or less) severe operational environment than as originally proposed to Lessor, such increase (or decrease) to be based on the then prevalent and projected industry cost levels and Manufacturer recommended reserve data. Further, the rates for Airframe Payments, Engine Life-Limited Parts Payments, and APU Payments shall be reviewed by Lessor in the sixtieth (60th) month, in the one hundred twentieth (120) month, and in the one hundred eightieth (180) month of the Term and Lessor shall have the right to increase the amount payable for such Maintenance Payments for the balance of the Term following each such month, if Lessor in good faith determines that an increase is justified based on the then prevailing and projected industry cost levels for such maintenance contemplated by this Article 5(d). Lessor shall supply Lessee with the information on which Lessor bases its conclusion that any such increase or decrease is warranted. In addition, at the time an Engine undergoes a shop visit for Performance Restoration during the Term or the APU undergoes "off the fuselage maintenance" (as defined in Article 5(d)(ii)(D), below) during the Term, the rate for the Performance Restoration Payments or APU Payments, as the case may be, thereafter payable by Lessee in respect of the Engines or the APU shall be increased or decreased by Lessor as necessary to ensure payment by Lessee of an hourly rate sufficient to meet the projected costs of future Performance Restoration for the Engines and future "off the fuselage maintenance" for the APU. The amount of such increase ...
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Calculation of Amount and Payment. In addition to the Basic Rent required to be paid for the Aircraft pursuant to Article 3.2, Lessee shall pay to Lessor the 0X Xxxxxxxx Xxxxxxxx, 0X Xxxxxxxx Payments, Performance Restoration Payments, Engine Life-Limited Parts Payments, APU Payments and Landing Gear Payments (collectively, the “Maintenance Payments”) set forth in paragraph 5 of Schedule “1” hereto. Maintenance Payments shall be payable within fifteen (15) days following the end of each calendar month, commencing with the month in which the Delivery Date occurs, through and including the month in which this Lease is cancelled, terminated or expires and the Equipment is returned to Lessor in accordance with the terms of this Lease, computed on the number of Flight Hours/Cycles or for the calendar month (or portion thereof), as the case may be, accumulated on the relevant Items of Equipment, APU and Landing Gear during the month immediately preceding such payment date.
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Related to Calculation of Amount and Payment

  • Calculation of Amounts Binding Effect of Interpretations and Actions of Master Servicer...............................

  • Calculation and Payment No later than the second Business Day following the receipt by Purchasers of the Monthly Servicing Oversight Report for a calendar month, Holdings will remit to Seller in immediately available funds the Seller Monthly Servicing Fee and Performance Fees payable by Holdings to Seller for the related calendar month, along with a report showing in reasonable detail the calculation of such Seller Monthly Servicing Fees and Performance Fees.

  • Determination of Amount In lieu of the payment of the Exercise Price multiplied by the number of Units for which this Purchase Option is exercisable (and in lieu of being entitled to receive Common Stock and Warrants) in the manner required by Section 2.1, the Holder shall have the right (but not the obligation) to convert any exercisable but unexercised portion of this Purchase Option into Units ("Conversion Right") as follows: upon exercise of the Conversion Right, the Company shall deliver to the Holder (without payment by the Holder of any of the Exercise Price in cash) that number of shares of Common Stock and Warrants comprising that number of Units equal to the quotient obtained by dividing (x) the "Value" (as defined below) of the portion of the Purchase Option being converted by (y) the Current Market Value (as defined below). The "Value" of the portion of the Purchase Option being converted shall equal the remainder derived from subtracting (a) (i) the Exercise Price multiplied by (ii) the number of Units underlying the portion of this Purchase Option being converted from (b) the Current Market Value of a Unit multiplied by the number of Units underlying the portion of the Purchase Option being converted. As used herein, the term "Current Market Value" per Unit at any date means the remainder derived from subtracting (x) the exercise price of the Warrants multiplied by the number of shares of Common Stock issuable upon exercise of the Warrants underlying one Unit from (y) the Current Market Price of the Common Stock multiplied by the number of shares of Common Stock underlying the Warrants and the Common Stock issuable upon exercise of one Unit. The "Current Market Price" of a share of Common Stock shall mean (i) if the Common Stock is listed on a national securities exchange or quoted on the Nasdaq National Market, Nasdaq SmallCap Market or NASD OTC Bulletin Board (or successor such as the Bulletin Board Exchange), the last sale price of the Common Stock in the principal trading market for the Common Stock as reported by the exchange, Nasdaq or the NASD, as the case may be; (ii) if the Common Stock is not listed on a national securities exchange or quoted on the Nasdaq National Market, Nasdaq SmallCap Market or the NASD OTC Bulletin Board (or successor such as the Bulletin Board Exchange), but is traded in the residual over-the-counter market, the closing bid price for the Common Stock on the last trading day preceding the date in question for which such quotations are reported by the Pink Sheets, LLC or similar publisher of such quotations; and (iii) if the fair market value of the Common Stock cannot be determined pursuant to clause (i) or (ii) above, such price as the Board of Directors of the Company shall determine, in good faith.

  • Calculation and Payment of Additional Rent Tenant shall pay to Landlord, in the manner set forth in Section 4.4.1, below, and as Additional Rent, Tenant’s Share of Direct Expenses for each Expense Year.

  • Determination of Amount Outstanding On each Quarterly Date and, in addition, promptly upon the receipt by the Administrative Agent of a Currency Valuation Notice (as defined below), the Administrative Agent shall determine the aggregate Revolving Multicurrency Credit Exposure. For the purpose of this determination, the outstanding principal amount of any Loan that is denominated in any Foreign Currency shall be deemed to be the Dollar Equivalent of the amount in the Foreign Currency of such Loan, determined as of such Quarterly Date or, in the case of a Currency Valuation Notice received by the Administrative Agent prior to 11:00 a.m., New York City time, on a Business Day, on such Business Day or, in the case of a Currency Valuation Notice otherwise received, on the first Business Day after such Currency Valuation Notice is received. Upon making such determination, the Administrative Agent shall promptly notify the Multicurrency Lenders and the Borrower thereof.

  • Computation and Payment Interest shall be computed on the basis of a 360-day year, actual days elapsed. Interest shall be payable at the times and place set forth in each promissory note or other instrument or document required hereby.

  • Determination of Rate of Interest and calculation of Interest Amounts The Agent will at or as soon as practicable after each time at which the Rate of Interest is to be determined, determine the Rate of Interest for the relevant Interest Period. The Agent will calculate the amount of interest (the Interest Amount) payable on the Floating Rate Notes for the relevant Interest Period by applying the Rate of Interest to:

  • Measurement and Payment Temporary traffic control work, including, but not limited to installation and removal of portable signs, cones, drums, skinny drums, flaggers, AFAD’s, changeable message boards, truck mounted attenuators, flashing arrow boards, and pilot vehicles will be paid at the contract lump sum price for

  • Calculation and Payment of Interest (a) Interest on the outstanding principal amount from time to time of each Base Rate Canada Loan shall accrue from day to day from and including the date on which credit is obtained by way of such Loan to but excluding the date on which such Loan is repaid in full (both before and after maturity and as well after as before judgment) and shall be calculated on the basis of the actual number of days elapsed divided by 365 or 366, as the case may be.

  • Payment of Amounts The Death Benefit payable on the death of the Owner, or after the death of the first Owner, or upon the death of the spouse who continues the Contract, will be distributed to the designated Beneficiary(s) as follows:

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