Common use of Spare Engine Allowance Clause in Contracts

Spare Engine Allowance. CFM agrees to provide Airline with an additional allowance, the Spare Engine Allowance, in the amount of ***** per Aircraft delivered to Airline. Such per Aircraft allowance is stated in January 2010 US Dollars (CPI=*****), and shall be subject to adjustment for escalation to the date of delivery of each shipset of Engines to Airframer in accordance with the escalation formula set forth in Attachment D and further by paragraph 2.C hereto. Each Spare Engine Allowance will be earned by Airline upon delivery of each Aircraft to Airline, and will be provided to Airframer for the benefit of Airline on the delivery date of the Aircraft to be applied as a reduction in the final Aircraft price.