Examples of Block Hour Payment in a sentence
Northwest shall remit to Pinnacle by wire transfer of immediately available funds by the close of business on the 30th day of each calendar month (or the next banking day if the 30th is a bank holiday), as a provisional payment, Pinnacle’s Block Hour Payment, Cycle Payment, IOP Payment and any payments due pursuant to Section 5.05 below for the period covered by the Block Hour Report and Cycle Report furnished by Pinnacle on the 22nd day of the month.
The City will not issue a Certificate of Occupancy or other final occupancy approval until all attorneys' fees are paid by the permittee.
On the [***] day of each month (or if not a business day, on the following business day) Delta will advance to SKYW via wire transfer [***] of the estimated monthly Direct Costs and Block Hour Payment (each, a “Provisioning Payment”).
Delta shall be entitled to review and verify SKYW’s final written invoice (together with the relevant data with respect to the actual Base Rate Costs and Block Hour Payment earned and final actual operating results); provided, however, any such review or payment shall still be subject to potential audit and reconciliation pursuant to this Article 3.
If SKYW is not awarded a portion of the Growth Aircraft so as to replace the Removed Aircraft, SKYW shall be offered the opportunity to match the “Winning Bid” (as defined below) with respect to the economic terms and conditions (including, without limitation, Direct Costs and Block Hour Payment, but excluding extraordinary economic terms such as an upfront buy-down payment from the operator to Delta).
Northwest shall remit to Mesaba by wire transfer of immediately available funds by the close of business on the 1st day of each calendar month (or the next banking day if the 1st is a bank holiday), as a pre-payment, Mesaba’s estimated Block Hour Payment, Cycle Payment, Aircraft Days Payment, Monthly Payment, Direct Expense Payment, associated Margin Payment and any payments due pursuant to Section 1.04 below for the period covered by the report furnished by Mesaba on the 25th day of the preceding month.
In addition to the payment by Delta of Direct Costs, Delta shall pay Operator an amount equal to [REDACTION] per block hour, subject to an annual escalation of [REDACTION] ("Block Hour Payment").
Northwest shall remit to Mesaba by wire transfer of immediately available funds by the close of business on the 26th day of each calendar month (or the next banking day if the 26th is a bank holiday), as a provisional payment, Mesaba’s Block Hour Payment for Jet Services for the period covered by the Block Hours Report furnished by Mesaba on the 22nd day of the month.
Northwest shall remit to Mesaba by wire transfer of immediately available funds by the close of business on the 16th day of each month (or the next banking day if the 16th is a bank holiday), as a pre-payment Mesaba’s estimated Block Hour Payment, Cycle Payment, any payments due pursuant to Section 1.04, and associated Margin Payment for the period covered by the report furnished by Mesaba on the 4th business day of the month.
Northwest shall remit to Mesaba by wire transfer of immediately available funds by the close of business on the 11th day of each month (or the next banking day if the 11th is a bank holiday), as a final payment, Mesaba’s Block Hour Payment for the preceding month, less the amount of the provisional payment made on the 26th day of the preceding month.