Unused Hours definition
Unused Hours means any unused operational flight hours, as provided for by the Management Agreement, including unused Allocated Hours and Additional hours, which may be carried over to the following year pursuant to the terms and conditions of the Management Agreement.
Examples of Unused Hours in a sentence
In case that ORAMED and XERTECS do not reach agreement for other projects within this period of 12 months, ORAMED shall lose its claim to 90% of the Unused Hours and shall not be entitled to demand any other form of compensation from XERTECS with respect thereto; provided, however, that 10% of the Unused Hours shall remain at the disposal of ORAMED for another 24 months after the expiration of the aforesaid 12 month period and may be used by ORAMED on other projects upon agreement with XERTECS.