IOP Payment definition

IOP Payment means the payment for IOP Program Incidents to be made pursuant to Section 5.02(b).
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IOP Payment means the payment for IOP Program Incidents to be made pursuant to Section 1.05 of Exhibit E.
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Examples of IOP Payment in a sentence

  • Midwest shall remit to SkyWest 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 final payments, (A) the Pass-Through Expense Payment, and (B) the IOP Payment, if any, for the month covered by the Pass-Through Expense Report furnished by SkyWest pursuant to Section 5.02(a)(iii).

  • 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.

  • If Mesaba does/does not achieve the performance criterion, then an incentive/penalty shall be applied to amounts owing to Mesaba, provided that the amount of the incentive/penalty for each of the Performance Criterion shall not exceed one (1) percentage point of the sum of the Block Hour Payment, Cycle Payment, Aircraft Days Payment, Monthly Payment, Direct Expense Payment and IOP Payment, if any.