Common use of Financial Settlements Clause in Contracts

Financial Settlements. All financial transactions between the parties related to this Agreement, including without limitation the proration of passenger and cargo revenue, shall be settled through the Airline Clearing House (“ACH”) unless otherwise agreed, as long as both parties are members of ACH. Should one or both parties cease to be a member of ACH, settlement shall be determined by the accounting personnel of each party in accordance with procedures to be mutually determined.