MCPH definition

MCPH means that certain Maintenance Cost Per Hour Engine Services Agreement, dated August 13, 2003, between Borrower and GEES, as from time to time supplemented and amended. In connection with the MCPH and pursuant to the Engine Warranties Assignment Letter, Borrower assigned all of its right, title and interest in and to the Engine Warranties to GEES. GEES and Borrower hereby confirm that the Engine Warranties Assignment Letter shall terminate and the assignment of the Engine Warranties thereunder and any rights thereunder shall be extinguished and be of no further force or effect (only as and to the extent that the Engine Warranties relate to the Engines) upon GEES’s receipt from Security Agent of written notice that, in connection with Security Agent’s lawful exercise of remedies during the existence of an Event of Default, Borrower is no longer rightfully entitled to own or, as the case may be, possess any or all of the Engines. Any such notice shall be addressed to GE Engine Services, Inc., ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇, Cincinnati, OH 45125, if by mail, or to ▇▇▇-▇▇▇-▇▇▇▇, if by fax. GEES further confirms that, upon receipt of such notice, the Engines subject of such written notice pursuant to Section 1.3.2.1 of Exhibit A of the MCPH (but notwithstanding any conditions to removal stated in such Section 1.3.2.1, and notwithstanding Section 1.3.2.2 of Exhibit A of the MCPH and the first sentence of Section 1.3.2.3 of Exhibit A of the MCPH) shall be deemed to be removed from the MCPH. GEES hereby represents and warrants that as of the date hereof: (a) GEES is a corporation duly organized, validly existing and in good standing under the laws of Delaware; (b) the making and performance of this Agreement have been duly authorized by all necessary corporate action on the part of GEES, do not require any stockholder approval and do not contravene GEES’s certificate of incorporation or by-laws or any agreement to which GEES is a party or by which it is bound, and the making of this Agreement does not contravene any law binding on GEES; and (c) this Agreement constitutes the legal, valid and binding obligations of GEES enforceable against GEES in accordance with its terms, subject to (x) the limitations of applicable bankruptcy, insolvency, and similar laws affecting the rights of creditors generally, and (y) general principles of equity. [ ], 200[ ] G.E. ENGINE SERVICES, INC. By: Name: Title: AIRTRAN AIRWAYS, INC. By: Name: Title: ACCOUNTS; ADDRESSES BORROWER AirTran Airways, I...

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MCPH means maintenance cost per hour.

Examples of MCPH in a sentence

• Buyer shall remit to ESI, ***, an amount equivalent to the actual EFH for each Aircraft in Buyer's fleet for the preceding month, multiplied by the applicable MCPH rate as adjusted in accordance with the provisions of Appendix "D".

• The Base Price shall be adjusted for fluctuation of the economy as described in Appendix "D", MCPH Price Adjustment, hereto.

• Note: LLP replaced for life expiration is not included in the MCPH Rate.

• Such Qualifying Shop Visits shall be included as MCPH Qualifying Shop Visits if ESI's designated Senior Field Service Representative or his duly authorized alternate is in agreement that required maintenance could not reasonably have been accomplished on-wing.

• Any and all Services not specifically included in the MCPH Program pursuant to Paragraph 3.4, above shall be performed by GE in accordance with the Supplemental Work pricing provisions of Exhibit A.

• Buyer's CF6-80C2B1F Engines will be inspected, Repaired, modified, and tested in accordance with ESI's MCPH Engine Repair Specification in coordination with FAA approved manufacturer's Engine Manuals and Service Bulletins and other associated technical documents.

• Base Price Base Prices are as follows: Basic Engine Price Per Basic Engine Price Per Engine Year EFH (10 Firm Aircraft) EFH (10 Option Aircraft) ----------- ---------------------- ------------------------ Years 1-2 *** *** Years 3-4 *** *** Years 5-6 *** *** Years 7-10 *** MCPH rate is applicable on all EFH covered by this Agreement commencing with the Effective Date of the Agreement and the term "MCPH Rate" may be used to refer to the Basic Engine Price Per EFH.

• Should ESI exercise option (i), above, the Invoice will show either an amount to be paid by Buyer within thirty (30) days of the date of invoice or a credit due Buyer, calculated from a comparison of MCPH payments received by ESI and the Supplemental Work invoice amount.

• On the terms and subject to the conditions set forth in this Agreement, on the date hereof Seller is selling to Buyer, and Buyer is purchasing from Seller, all the common stock, no par value per share, of MUKC and all the common stock, no par value per share, of MCPH (together, the “Holding Company Stock”) for a cash purchase price of U.S. $5,000,000 (the “Purchase Price”).

• In such event, GE shall, with respect to any Engine sent to a third party, reimburse Copa the MCPH Rates paid since the last MCPH Shop Visit.