Performance Restoration definition
Examples of Performance Restoration in a sentence
Maintenance Payments for Engine Performance Restoration (not repair) shall be paid for ***** The rate shall be established from the applicable matrix below based on the anticipated Flight Hour to Cycle ratio and region of operation: V2527E-A5 SelectOne (or better) 27,000 lbs.
If a removed Engine has undergone at least one (1) Performance Restoration Shop Visit for Covered Services, no penalties nor reconciliation will apply.
In the event an Engine is delivered to GE for Supplemental Work Shop Visit, which includes Full Performance Restoration, GE will provide such shop visit services in accordance with the Rate per EFH Services, and any over and above (supplemental) charges will be invoiced accordingly as agreed to by the Parties at Workscope determination.
With respect to each Engine, LESSOR will reimburse LESSEE from the Engine Performance Restoration Reserves as follows.
In any event, the Performance Restoration Payments and Engine Life-Limited Parts Payments that have theretofore been paid to Lessor in respect of the Destroyed Engine will be made available to Lessee for Performance Restoration and life-limited Parts replacement of the replacement engine on the same terms as if such replacement engine were the Destroyed Engine.
Notwithstanding anything to the contrary herein, Engine Performance Restoration Reserves shall be calculated with respect to any relevant period based on the thrust rating at which the Engine is actually operated, from time to time, during such period.
LESSEE acknowledges that it is required under this Lease to pay to LESSOR the Engine Performance Restoration Reserves even if the Engines are placed under the FHA Agreement.
On [REDACTED: Item 2] of the calendar year immediately following the year in which Delivery occurs and thereafter on the [REDACTED: Item 2] of each subsequent Maintenance Rent Adjustment Period during the Lease Term, the Performance Restoration Maintenance Rent Rate applicable to each Engine will be adjusted based upon [REDACTED: Item 2].
Lessee’s actual Flight Hour-to-Cycle ratio during such calendar year (or portion thereof) will set the Engine Performance Restoration Maintenance Fund for the succeeding calendar year.
Without limiting the foregoing, at any shop visit during which a Module Performance Restoration is performed on any one of the Engine Modules, LESSEE will (a) build the Engine life-limited Parts to at least cycles remaining and (b) perform, at a minimum, a workscope sufficient to allow such Engine to achieve at least hours and cycles of operation following such shop visit.