Planned Aircraft Not Owned for Planned Period Sample Clauses

Planned Aircraft Not Owned for Planned Period. If within the *** following delivery of each Aircraft for which a special allowance was provided by GE under this Letter Agreement No. 1, Airline sells such Aircraft, the special allowances earned and/or paid on such Aircraft will be proportionately reduced. Airline will reimburse GE an amount equal to the proportionate share of the special allowances earned and/or paid with respect to such Aircraft, (based on the percentage of the *** minimum period the Aircraft was owned by Airline), with interest on such amount. The special allowance reimbursement is due no later than 30 days from the time Airline ceases to own such Aircraft. Interest will be calculated, *** from the time of initial allowance payment on such Aircraft until the time of full reimbursement.
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Related to Planned Aircraft Not Owned for Planned Period

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