Aircraft Allowance. For each of the CFM56-5B3 powered Aircraft delivered to Airline per the Aircraft Delivery Schedule CFM will provide Airline with a per aircraft allowance for each such Aircraft in the amount of *****. Such per Aircraft allowance is stated in *****, and shall be subject to adjustment for escalation to the date of delivery of each shipset of Engines to Airline in accordance with the escalation formula set forth in Attachment D hereto and subject to the escalation cap set forth in paragraph (iv) below. Each per Aircraft Allowance will be earned by Airline upon delivery of each shipset of Engines to Airframer, (consistent with the Aircraft Delivery Schedule) payable in each case by wire transfer to Airline as soon as possible, but in any event within ***** following receipt of written notice from Airline that it has taken delivery of each Aircraft in accordance with its purchase agreement with Airframer. If requested in writing by Airline at least ***** prior to the scheduled Aircraft delivery date, CFM will by the time of delivery of such Aircraft pay in cash the amount of the Aircraft Allowance directly to Airbus. Airline shall continue to advise CFM of any delivery date changes. If CFM actually pays the Aircraft Allowance to Airbus on the delivery date as most recently notified by Airline and the actual delivery date is delayed more than ***** from the date CFM provides such allowance, Airline will pay to CFM interest on such amount, calculated from the date of payment to Airbus to but excluding the date of actual Aircraft delivery or return of such payment to CFM. Interest will be computed at *****. Such payment to Airbus may be offset against any amounts due and owing CFM.
Aircraft Allowance. For each of the Aircraft scheduled to deliver to Airline before *****, CFM will provide Airline with a per aircraft allowance for each such Aircraft in the amount of ***** (*****), and shall be subject to adjustment for escalation to the date of delivery of each such Aircraft in accordance with the escalation formula set forth in Attachment C hereto). Each per Aircraft Allowance will be made available to Airline within ***** following receipt of written notice from Airline that it has taken delivery of each Aircraft in accordance with its purchase agreement with Airbus. *****
Aircraft Allowance. Provided that Airline maintains an installable Spare Engine to installed Engine ratio of not less than [*****] for the firm Aircraft, the following allowances (the “Allowances”) shall apply in relation to each such Aircraft purchased direct from Airframer and delivered to Airline (stated in January 2014 US Dollars, and therefore subject to escalation [*****] described below):
Aircraft Allowance. A320Neo powered by LEAP-1A26: [*****] -A321Neo powered by LEAP-1A32: [*****]
Aircraft Allowance. The Company shall provide to Executive the use of a chartered aircraft for the Executive’s discretionary travel in an amount up to the annual aircraft allowance (the “Aircraft Allowance”) described below, in accordance with the terms of this Section 3.3(ii). For the 2010 calendar year, the Executive’s Aircraft Allowance shall be $207,695. For the 2011 calendar year, the Aircraft Allowance shall be no less than $450,000. Upon the Executive’s reasonable prior notice to the Company of his request for the use of a chartered aircraft, the Company shall procure the use of a chartered aircraft through an independent third party charter company. Executive shall be permitted to require that the aircraft supplied by the charter company be an aircraft that is owned or controlled, directly or indirectly, by the Executive. The charter company procured by the Company shall be selected by the Chair of the Compensation Committee in his sole discretion. The Executive shall be entitled to the use of a chartered aircraft pursuant to this Agreement until the Aircraft Allowance for the calendar year has been fully expended, and the parties acknowledge that the Company is not obligated to provide any benefits pursuant to this Section 3.3(ii) in excess of the Aircraft Allowance. The actual amount paid by the Company for each chartered flight will reduce the amount of the Aircraft Allowance for each applicable calendar year. The parties acknowledge that the Company shall not be required to pay in excess of market rates for the lease of the aircraft. If the Executive does not use his full Aircraft Allowance in any applicable calendar year, the unused balance of the Aircraft Allowance shall be forfeited and shall not be carried forward to any future calendar year, nor shall Executive be entitled to any cash payments for the amount of any Aircraft Allowance remaining at the end of the year. Any dispute related to or arising from the Aircraft Allowance, including without limitation disputes regarding any amounts owed by the Company to a charter company related to Executive’s travel, shall be resolved by the Compensation Committee.
Aircraft Allowance. CFM will provide Airline with a per aircraft allowance for each such Aircraft in the amount of ***** Such per Aircraft allowance is stated in January 2010 US Dollars (CPI=*****), and shall be subject to adjustment for escalation to the date of delivery of each shipset of Engines to Airframer in accordance with the escalation formula set forth in Attachment D hereto, and further by Paragraph 2.C below. Each per Aircraft Allowance will be earned by Airline upon delivery of each Aircraft to Airline, and will be provided to Airframer for the benefit of Airline on the delivery date of the Aircraft to be applied as a reduction in the final Aircraft price.
Aircraft Allowance. 4 5. Term............................................................................................. 4
Aircraft Allowance. The Engine Manufacturer hereby agrees for the benefit of Frontier, the Borrower and the Security Trustee that it will provide the entity taking delivery of the Aircraft an allowance for the Aircraft in an amount of ***** (the “Aircraft Allowance”). The Aircraft Allowance is stated in *****, and shall be subject to adjustment for escalation to the date of delivery of each shipset of Engines to Airbus in accordance with the escalation formula set forth in Attachment B hereto. Such allowance will be earned upon delivery of each shipset of Engines to Airbus and will be made available within ***** following receipt of written notice from the Borrower or Security Trustee (or a nominee taking delivery in accordance with the purchase agreement with Airbus) that it has taken delivery of each Aircraft in accordance with the purchase agreement with Airbus. If requested in writing by the Borrower at least ***** prior to scheduled Aircraft delivery date, CFMI will provide the Aircraft Allowance directly to Airbus. The Borrower or the Security Trustee shall continue to advise CFMI of any delivery date changes. If CFMI actually provides the Aircraft Allowance to Airbus and the actual delivery date is delayed more than ***** from the date CFMI provides the Aircraft Allowance then the following will occur under the following circumstances:
Aircraft Allowance. For each twelve-month period during the Consulting Period, Company will pay on behalf of Consultant up to $500,000 for Consultant to travel via private jet on a private jet leasing company of Consultant’s choice. Company will arrange for the leasing company to bxxx Company directly and will make such payments directly to the leasing company when due.
Aircraft Allowance. For each of the Aircraft delivered to Republic on or before December 31, 2025, as may be mutually adjusted, CFM will provide Republic at the time of such delivery, a per Aircraft allowance for each of the A319 model Aircraft delivered to Republic in the amount of *****, for each of the A320 model Aircraft delivered to Republic, a per aircraft allowance in the amount of ***** and for each of the A321 model Aircraft delivered to Republic, a per aircraft allowance in the amount of *****. Such allowances are stated in January 2010 US Dollars (CPI=186.92) and shall be subject to adjustment to the date of delivery of each shipset of CFM International, Inc Proprietary Information Engines to Airbus in accordance with the escalation formula set forth in Attachment D. If requested in writing by Republic at least ***** prior to scheduled Aircraft delivery date, CFM will by the time of delivery of such Aircraft pay in cash the amount of the Aircraft Allowance directly to Airbus. Republic shall continue to advise CFM of any delivery date changes. If CFM actually pays the Aircraft Allowance to Airbus on the delivery date as most recently notified by Republic and the actual delivery date is delayed more than ***** from the date CFM provides such allowance, Republic will pay to CFM interest on such amount, calculated from the date of payment to Airbus to but excluding the date of actual Aircraft delivery or return of such payment to CFM. Interest will be computed at *****. Such payment to Airbus may be offset against any amounts due and owing CFM. At delivery by Airbus to Republic of an Aircraft, CFM shall pay to Republic (if any) the excess of (i) the net Engine price charged by Airbus for the installed CFM LEAP-X1A Engines over (ii) the shipset list price minus the foregoing allowance, each as escalated in accordance with this Letter Agreement.
