Common use of Excess Fuel Consumption Credit Calculation Clause in Contracts

Excess Fuel Consumption Credit Calculation. If at the end of each Period of Calculation the Fleet Average Fuel Consumption Deterioration exceeds the Guaranteed Rate, IAE will grant New Air a credit in respect to excess fuel consumption calculated in accordance with the following formula: C = (D-GR)% YHF where: C = the amount of the credit in U.S. dollars D = the Fleet Average Fuel Consumption Deterioration (in percent) GR = the Guaranteed Rate Y = initial cruise fuel flow of new Eligible Engines expressed in U.S. gallons per hour to be established within 30 days of start of operation (per ECM II program) H = the total of all flight hours flown by New Air's Eligible Engines during that portion of the Period of Guarantee that the Guarantee level has been exceeded. F = The average net cost to New Air in U.S. Dollars per U.S. Gallon of aviation fuel consumed by New Air during the Period of Guarantee.

Excess Fuel Consumption Credit Calculation. If at the end of each Period of Calculation the Fleet Average Fuel Consumption Deterioration exceeds the Guaranteed Rate, IAE will grant New Air JetBlue a credit in respect to excess fuel consumption calculated in accordance with the following formula: C = (D-GR)% YHF where: C = the amount of the credit in U.S. dollars D = the Fleet Average Fuel Consumption Deterioration (in percent) GR = the Guaranteed Rate Y = initial cruise fuel flow of new Eligible Engines expressed in U.S. gallons per hour to be established within 30 days of start of operation (per ECM II program) H = the total of all flight hours flown by New AirJetBlue's Eligible Engines during that portion of the Period of Guarantee that the Guarantee level has been exceeded. F = The average net cost to New Air JetBlue in U.S. Dollars per U.S. Gallon of aviation fuel consumed by New Air JetBlue during the Period of Guarantee.