MTU Sample Clauses

MTU. Shall also mean any company of the MTU Maintenance group of companies.
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MTU. H shall comply with the contents of Clause 4 (Delivery).
MTU. H shall not be liable for exceeding the TAT due to reasons contained in Clause 5.6 regarding Excusable Delays. MTU-H shall promptly notify the Operator when such delays occur or impending delays are likely to occur and shall continue to advise the Operator of new shipping schedules and/or changes thereto. Except as provided in Clauses 5.3 and 5.6, the TAT shall not be extended for any reason unless the Operator has agreed to such extension in writing.
MTU. H shall apply the Credit Balance for any Prepaid Engine against the last payment to be received by MTU-H from the Operator pursuant to Clause 9.2.1, except that if the Credit Balance at the date of induction exceeds 50% of the Overhaul Price, the excess will be applied first by MTU-H toward the payment required by Clause 9.2.1(b) and then toward the payment required by Clause 9.2.1(c). For example, if a Credit Balance equal to 60% of the Overhaul cost for a Prepaid Engine exists, the Operator will pay the first 40% of the Overhaul cost, and the Credit Balance will be used to satisfy the remaining 60% of the Overhaul cost, in each case in accordance with the payment terms described in Clause 9.2.1.

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