Common use of Settlement Amounts Clause in Contracts

Settlement Amounts. 7.1. The Parties agree: 7.1.1. To accept an amount that is an applicable percentage of the USD IATA Weighted Mileage Factor based on the origin and destination of the document’s coupon. 7.1.2. An average applicable percentage, in whole numbers, of the USD IATA Weighted Mileage Factor, will be calculated for, and applicable to, each geographical region monthly. 7.1.3. That in the case of FIM documents, the Settlement Amount shall be multiplied by the number of passengers listed on the FIM document at the time of issuance. 7.1.4. There are ten worldwide geographical regions as described in Appendix B. 7.1.5. The origin and destination of the coupon will determine which of the ten worldwide geographical regions is applicable to the coupon. 7.1.6. The applicable percentage amounts, of the IATA Weighted Mileage, for each geographical region, shall be distributed by Airlines Clearing House no later than the 15th calendar of each month, and that such rates shall be applicable to transactions billed between the Parties beginning the next following month. 7.1.7. Regardless of invoice month, the applicable percentage shall be that in effect on (1) in the case of tickets, the document issue date of the reissued ticket invoiced under the terms of this Agreement, and (2) in the case of FIM documents, the month in which the FIM document is invoiced, as a prime billing, under the terms of this Agreement.

Settlement Amounts. 7.1. The Parties agree: 7.1.1. To accept an amount that is an applicable percentage of the USD IATA Weighted Mileage Factor based on the origin and destination of the document’s coupon. 7.1.2. An average applicable percentage, in whole numbers, of the USD IATA Weighted Mileage Factor, will be calculated for, and applicable to, each geographical region monthly. 7.1.3. That in the case of FIM documents, the Settlement Amount shall be multiplied by the number of passengers listed on the FIM document at the time of issuance. 7.1.4. There are ten nine worldwide geographical regions as described in Appendix B. 7.1.5. The origin and destination of the coupon will determine which of the ten nine worldwide geographical regions is applicable to the coupon. 7.1.6. The applicable percentage amounts, of the IATA Weighted Mileage, for each geographical region, shall be distributed by Airlines Clearing House no later than the 15th calendar of each month, and that such rates shall be applicable to transactions billed between the Parties beginning the next following month. 7.1.7. Regardless of invoice month, the applicable percentage shall be that in effect on (1) in the case of tickets, the document issue date of the reissued ticket invoiced under the terms of this Agreement, and (2) in the case of FIM documents, the month in which the FIM document is invoiced, as a prime billing, under the terms of this Agreement.