Common use of Life Limited Parts Clause in Contracts

Life Limited Parts. Frontier and RAI shall each cooperate with one another in order to manage and minimize engine life limited parts (“LLP”) expenses for Covered Aircraft. To that end, RAI shall provide annual projections of LLP requirements and supplemental notice of specific engine maintenance events which require LLP replacement as they are scheduled. Frontier may, at its option and with RAI's consent (which consent shall not be unreasonably withheld) provide or arrange the provision of used serviceable LLPs that otherwise meet RAI's specifications and reasonable minimum cycle-remaining requirements, to be incorporated into a Covered Aircraft. In connection with the withdrawal of any Covered Aircraft from the capacity purchase provisions of this Agreement (whether at the end of such aircraft's scheduled term or otherwise), Frontier shall pay RAI for the pro-rata cost (based on useful life and using the then-current catalogue price for LLPs) of all LLPs consumed for all Scheduled Flights by such Covered Aircraft under this Agreement, and RAI shall pay Frontier for the pro-rata cost (based on useful life and using the then-current catalogue price for LLPs) of all LLPs provided by Frontier and incorporated into such Covered Aircraft pursuant to the previous sentence and not consumed for any Scheduled Flights under this Agreement.

Appears in 2 contracts

Samples: Airline Services Agreement (Republic Airways Holdings Inc), Airline Services Agreement (Frontier Airlines Holdings, Inc.)

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Life Limited Parts. Frontier Midwest and RAI shall each cooperate with one another in order to manage and minimize engine life limited parts (“LLP”) expenses for Covered Aircraft. To that end, RAI shall provide annual projections of LLP requirements and supplemental notice of specific engine maintenance events which require LLP replacement as they are scheduled. Frontier Midwest may, at its option and with RAI's ’s consent (which consent shall not be unreasonably withheld) provide or arrange the provision of used serviceable LLPs that otherwise meet RAI's ’s specifications and reasonable minimum cycle-remaining requirements, to be incorporated into a Covered Aircraft. In connection with the withdrawal of any Covered Aircraft from the capacity purchase provisions of this Agreement (whether at the end of such aircraft's ’s scheduled term or otherwise), Frontier Midwest shall pay RAI for the pro-rata cost (based on useful life and using the then-current catalogue price for LLPs) of all LLPs consumed for all Scheduled Flights by such Covered Aircraft under this Agreement, and RAI shall pay Frontier Midwest for the pro-rata cost (based on useful life and using the then-current catalogue price for LLPs) of all LLPs provided by Frontier Midwest and incorporated into such Covered Aircraft pursuant to the previous sentence and not consumed for any Scheduled Flights under this Agreement.. *Confidential

Appears in 1 contract

Samples: Airline Services Agreement (Republic Airways Holdings Inc)

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Life Limited Parts. Frontier Continental and RAI Contractor shall each cooperate with one another in order to manage and minimize engine life limited parts (“LLP”) expenses for Covered Aircraft. To that end, RAI Contractor shall provide annual projections of LLP requirements and supplemental notice of specific engine maintenance events which require LLP replacement as they are scheduled. Frontier Continental may, at its option and with RAI's Contractor’s consent (which consent shall not be unreasonably withheld) provide or arrange the provision of used serviceable LLPs that otherwise meet RAI's Contractor’s specifications and reasonable minimum cycle-remaining requirements, to be incorporated into a Covered Aircraft. In connection with the withdrawal of any Covered Aircraft from the capacity purchase provisions of this Agreement (whether at the end of such aircraft's ’s scheduled term or otherwise), Frontier Continental shall pay RAI Contractor for the pro-rata cost (based on useful life and using the then-current catalogue price for LLPs) of all LLPs consumed for all Scheduled Flights by such Covered Aircraft under this Agreement, and RAI Contractor shall pay Frontier Continental for the pro-rata cost (based on useful life and using the then-current catalogue price for LLPs) of all LLPs provided by Frontier Continental and incorporated into such Covered Aircraft pursuant to the previous sentence and not consumed for any Scheduled Flights under this Agreement.. ___________ *Confidential

Appears in 1 contract

Samples: Capacity Purchase Agreement (Republic Airways Holdings Inc)

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