Engine Life-Limited Part Cycle Life Remaining Sample Clauses

Engine Life-Limited Part Cycle Life Remaining. Each life-limited part ("LLP") of the Engines returned with the Aircraft shall have at least 25% remaining of its total cycle life until required replacement under the Maintenance Program; provided that Lessee may return the Aircraft with less than 25% remaining life on an Engine LLP, subject to (i) such Engine LLP having a minimum of 1000 cycles remaining until the next scheduled replacement and (ii) paying the Engine LLP Adjustment Amount. The "Engine LLP Adjustment Amount" shall be calculated by multiplying (A) the difference between (I) the number of cycles representing 25% remaining time until the next required replacement for such Engine LLP and (II) the number of cycles remaining until the next required replacement for such Engine LLP by (B) a fraction (I) the numerator of which is the price of replacing the relevant part with a new part pursuant to the Engine manufacturer's new part price listing in effect at the time of return of the Aircraft and (II) the denominator of which is the number of cycles in the new part's total life.
Sample 1
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Related to Engine Life-Limited Part Cycle Life Remaining

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