Maintenance Reserves Clause Samples

Maintenance Reserves. 30 9.1 Amount................................................................30 9.2 Payments..............................................................30 9.3 Adjustment............................................................30 9.4

Maintenance Reserves. (check one)

Maintenance Reserves. Lessee agrees to pay to Lessor -------------------- Maintenance Reserves with respect to the Aircraft during the Term of this Lease in accordance with Exhibit A to the Amendment (or, to the extent applicable, Exhibit B to Amendment Number Seven and/or Exhibit A to Amendment Number Ten); provided, however, that Lessee shall not be obligated -------- ------- to pay to Lessor Maintenance Reserves (other than Maintenance Reserves which are payable pursuant to Exhibit A to Amendment Number Ten) in respect of the portion of the Term from and after February 26, 1999, including Maintenance Reserves which have accrued to and including the Rent Period ending on February 28, 1999, and, from and after February 26, 1999, Lessor shall not be obligated to pay to Lessee or any third party (i) any Airframe Reimbursable Expenses, Engine Reimbursable Expenses, Landing Gear Reimbursable Expenses or APU Reimbursable Expenses, or (ii) any Excess Amount (as such term is defined in Exhibit F hereto or Exhibit A to the Amendment, as amended), including, in each case, any such expenses or amounts which have been incurred or which have accrued either prior to or after February 26, 1999, and, other than as expressly set forth herein, from and after February 26, 1999, the terms of Exhibit F hereto and Exhibit A to the Amendment shall be of no further force or effect. All Maintenance Reserves shall be applied in accordance with Exhibit A to the Amendment (as amended); provided, however, that, notwithstanding the provisions of such Exhibit A to the contrary, any amounts held by Lessor on February 26, 1999 in any Maintenance Reserve shall be applied to pay any outstanding Engine Reimbursable Expenses submitted by Lessee to Lessor for approval and payment on or prior to such date in respect of the Engine bearing manufacturer's serial number 685860 and all excess amounts, if any, remaining in the Maintenance Reserves after payment of such Engine Reimbursable Expenses shall be applied by Lessor on such date to the payment of any Basic Rent and/or Supplemental Rent which is due and payable by Lessee under the Lease on or prior to March 1, 1999. All excess amounts, if any, remaining in the Maintenance Reserves after payment of any amounts of Rent that are due and owing to Lessor on or prior to March 1, 1999 shall, as long as no Default or Event of Default has occurred and is continuing, be paid to Lessee on February 26, 1999, provided that if, at the time of payment of such amounts, a Default...

Maintenance Reserves. Lessee shall make payments to Lessor in respect of the Maintenance Reserves in accordance with Appendix 2D, on a monthly basis, within ten (10) days following the last day of each Rent Period, with the first payment due ten (10) days following the second Rent Payment Date; provided that Lessee’s final payment in respect of Maintenance Reserves shall be made on the Termination Date.

Maintenance Reserves. The Administrative Agent shall have received evidence that the Maintenance Reserve Account shall have been funded in an amount equal to the Maintenance Reserves Required Amount for all Funded Aircraft less the aggregate available amount under each Maintenance Reserves Eligible Letter of Credit.

Maintenance Reserves. Sublessee will pay to Sublessor Maintenance Reserves in accordance with Clause 9 as Supplemental Rent, based on Sublessee's use of the Aircraft during the Sublease Term.

Maintenance Reserves. The company will has to pay monthly reserves for scheduled maintenance items in addition to the annual airframe (engines, disks, landing gear, etc) for the leased aircraft as “additional rent.” The budget amount for 2011/12 of $1,918K is driven by the schedule.

Maintenance Reserves. Sublessee shall during the Sublease Term pay the following Maintenance Reserves to Sublessor: (i) Airframe Maintenance Reserve US$ (*) for each Flight Hour that the Airframe is operated; (ii) Engine Maintenance Reserve, Refurbishment and LLP's US$ (*) for each Flight Hour that each Engine is operated; (iii) Landing Gear Maintenance Reserve US$ (*) for each Flight Hour that the Aircraft is operated; (iv) APU Maintenance Reserve US$ (*) for each Flight Hour that the APU is operated. The amounts payable by Sublessee to the Maintenance Reserves as set out herein shall be subject to annual escalation of 2.5% on each anniversary date of the first day of the Sublease Term and are also subject to upward or downward adjustment where the hour to cycle ratio changes from that assumed.

Maintenance Reserves. 28 7.7 Supplemental Rent for Excess Cycles...................................28 8.