Base Engine Rate definition
Base Engine Rate has the meaning given to such term in Schedule 9.
Base Engine Rate means the rate calculated in accordance with the table below by reference to the actual Flight Hour to Cycle Ratio and an assumed 10% derate for each Engine for the period for which the Base Engine Rate is to be calculated, provided that for Flight Hour to Cycle ratios: (x) falling between the values referenced below shall be determined by linear interpolation of the amounts set out in the table below and (y) if the average Flight Hour to Cycle ratio falls outside the values referenced in the table below, the corresponding Engine Performance Supplemental Rent Rate for the Engines will be provided be Lessor, acting reasonably, to Lessee. Engine derate level Flight Hour: Cycle Ratio 0.5:1 1:1 1.5:1 2:1 2.5:1 3:1 3.5:1 4:1 10% 346.50 283.50 241.50 210.00 189.00 178.50 168.00 163.80
Base Engine Rate means the rate calculated in accordance with the table below by reference to the actual Flight Hour to Cycle Ratio and an assumed 10% derate for each Engine for the period for which the Base Engine Rate is to be calculated, provided that for Flight Hour to Cycle ratios: (x) falling between the values referenced below shall be determined by linear interpolation of the amounts set out in the table below and (y) if the average Flight Hour to Cycle ratio falls outside the values referenced in the table below, the corresponding Engine Performance Supplemental Rent Rate for the Engines will be provided be Lessor, acting reasonably, to Lessee. Engine derate level Flight Hour: Cycle Ratio 0.5:1 1:1 1.5:1 2:1 2.5:1 3:1 3.5:1 4:1 10% 346.50 283.50 241.50 210.00 189.00 178.50 168.00 163.80 Basic Rent means US$125,000 per month, subject to any reduction pursuant to clause 15.6.1. Damage Notification Threshold means US$500,000 or the equivalent in any other currency.
More Definitions of Base Engine Rate
Base Engine Rate has the meaning given to such term in Schedule 9. Basic Rent has the meaning given to such term in Schedule 9.