MBOH definition
Examples of MBOH in a sentence
For each PW2037 Piece Part to be repaired by Seller on a MBOH basis, title to each individual part will remain with United until such time as Seller provides to United a new or repaired Part (same, better, or equivalent Part as permitted by United's IPC) at which ▇▇▇▇ ▇▇▇▇▇▇ will gain title to the Part provided to it by United and United will gain title of the new or repaired Part (same, better, or equivalent Part as permitted by United's IPC) provided to it by Seller.
Subject to the conditions and exclusions herein and in the appendices, Seller will provide Services and Products to United on a materials by operating hour ("'MBOH"') basis for those parts specified in Appendix 5 and from time to time as identified elsewhere in this agreement on a time and material ("'T&M"') basis per Appendix 4.
Seller will bear the risk of loss for each PW2037 Piece Part to be repaired by Seller on a MBOH basis while said Part is in Seller's possession.
In order to properly monitor the MBOH engines, a report will be required from United on a monthly basis that includes the average number of flight hours flown for all the engines included in the MBOH rate.
Southern Lights, desires to obtain additional new financing from MBOH in the original principal amount of Three Hundred Fifty Thousand ($350,000.00) Dollars.
No inspection shall be required to be performed prior to delivery to Seller on Parts being repaired or replaced on a MBOH basis (as defined in Appendix 5).
By execution of this agreement, the City of ▇▇▇▇▇▇▇▇ hereby consents to the above referenced loan by MBOH to Southern Lights, and acknowledges the superior priority of the liens of MBOH on the subject property, as such liens are allowed under the Montana Small Tract Financing Act; and acknowledges that the right of the forfeiture, re-entry, and reversion of title reserved by the City are subject to and shall not impair the lien of the Trust Indentures in favor of MBOH, referred to above.
United shall, at its option, perform an acceptance inspection prior to installation at United on all PW 2037 Piece Parts repaired on both a time and materials basis and MBOH basis (as defined in Appendix 5).
With respect to MBOH work, Seller will correct any Defect in the Services or Products provided by repairing or replacing the Products or PW 2037 Piece Parts as applicable, at Seller's expense.
Only Parts damaged by FOD (i.e. foreign object damage caused by a single non-mechanical ingestion of foreign substance into an engine), as determined by United and validated by Seller, will be covered by T& M pricing as outlined in Appendix 4; other engine parts, coming from the same engine that are not affected by FOD, will be repaired on a MBOH basis.