Spare Engine Credit definition

Spare Engine Credit means the credit per Firm Spare Engine that IAE will provide to JetBlue, as more particularly described in Article 4 of this Agreement.
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Spare Engine Credit means the credit provided by ▇▇▇▇▇ & Whitney to Spirit as described in Section 3.2 of this Agreement.
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Spare Engine Credit means the credit provided by ▇▇▇▇▇ & Whitney to LATAM as described in Article 4.2 of this Agreement.
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Examples of Spare Engine Credit in a sentence

  • If the 2nd Spare Engine is purchased and delivered subsequent to delivery of the first Credit Aircraft, the 2nd Spare Engine Credit for such Aircraft and any other Credit Aircraft which have been so delivered shall be credited against the purchase price of the 2nd Spare Engine; thereafter the 2nd Spare Engine Credit shall be paid upon delivery of each of the remaining Credit Aircraft.

  • If Airline has purchased and taken delivery of the 2nd Spare Engine prior to delivery of the first Credit Aircraft, the 2nd Spare Engine Credit shall be paid to Airline upon delivery of each Credit Aircraft.

  • IAE shall apply the applicable Spare Engine Credit to the final invoice of each Firm Spare Engine purchased.

  • To assist Frontier with spare PW1100G-JM Engine provisioning, Frontier will wire IAE’s account the net invoice corresponding amount below for each such Firm Spare Engine (taking into account the Firm Spare Engine Credit).

  • The Unit Base Price and Firm Spare Engine Credit are subject to [***] in accordance with Article 4.

  • The following table states the Unit Base Price and the amount of the Firm Spare Engine Credit for the Firm Spare Engines, which are identified in the Delivery Schedule, and purchased and delivered in accordance with this Agreement.

  • If the ***** Spare Engine is purchased and delivered subsequent to delivery of the first Credit Aircraft, the ***** Spare Engine Credit for such Aircraft and any other Credit Aircraft which have been so delivered shall be credited against the purchase price of the ***** Spare Engine; thereafter the ***** Spare Engine Credit shall be paid upon delivery of each of the remaining Credit Aircraft.

  • The Parties agree to apply the Firm Spare Engine Credit to the final invoice for the corresponding Firm Spare Engine.

  • If Airline has purchased and taken delivery of the ***** Spare Engine prior to delivery of the first Credit Aircraft, the ***** Spare Engine Credit shall be paid to Airline upon delivery of each Credit Aircraft.