Maintenance Reserves. 26 5.5 Payments.........................................................26 5.6 Withholding......................................................27 5.7 General Tax indemnity............................................27 5.8 Sales and Use Taxes..............................................29 5.9 Information......................................................30 5.10 Indemnity Payments to be Made on an After-Tax Basis.............30 5.11
Maintenance Reserves. Lessee shall make payments to Lessor in respect of the Maintenance Reserves in accordance with Appendix 2D, on a monthly basis, within ten (10) days following the last day of each Rent Period, with the first payment due ten (10) days following the second Rent Payment Date; provided that Lessee’s final payment in respect of Maintenance Reserves shall be made on the Termination Date.
Maintenance Reserves. (check one) There are no claims for reimbursement from the Maintenance Reserves outstanding and unpaid as of the date hereof. or Claims for reimbursement from the Maintenance Reserves are outstanding as of the date hereof and are itemised or otherwise described in Attachment [ ] hereto.
Maintenance Reserves. 23 9.1 Amount......................................................23 9.2 Payments....................................................23 9.3 Adjustment..................................................23 9.4
Maintenance Reserves. Sublessee will pay to Sublessor Maintenance Reserves in accordance with Clause 9 as Supplemental Rent, based on Sublessee's use of the Aircraft during the Sublease Term.
Maintenance Reserves. Sublessee shall during the Sublease Term pay the following Maintenance Reserves to Sublessor:
Maintenance Reserves. The company will has to pay monthly reserves for scheduled maintenance items in addition to the annual airframe (engines, disks, landing gear, etc) for the leased aircraft as “additional rent.” The budget amount for 2011/12 of $1,918K is driven by the schedule.
Maintenance Reserves. (i) Lessee shall pay Lessor, as Supplemental Rent for the use of the Aircraft during the Lease Term, within fifteen (15) days following the last day of each calendar month during the Lease Term and on the redelivery date, the following sums ("MAINTENANCE RESERVES"): (A) with respect to each Engine, the sum (the "ENGINE RESERVE AMOUNT") of (x) the amount determined by multiplying the number of Flight Hours of operation of such Engine during the immediately preceding month (irrespective of whether such Engine is installed on the Airframe or any other airframe) by [ ]* Dollars (US$[ ]*) which amount shall be applied toward restoration shop visits (the "SHOP VISIT PORTION") and (y) the amount determined by multiplying the number of Cycles of operation of such Engine during the immediately preceding month (irrespective of whether such Engine is installed on the Airframe or any other airframe) by [ ]* Dollars (US$[ ]*) which amount shall be applied toward the cost of life-limited parts (the "LLP Portion"), and (B) with respect to the Airframe, the amount (the "AIRFRAME RESERVE AMOUNT") determined by multiplying the number of Flight Hours of operation of the Airframe during such month by [ ]* Dollars (US$[ ]*). It is the intent of the parties hereto that the Aircraft and Engines be operated during the Lease Term at an average Flight Hour/Cycle ratio (the "Ratio") of [ ]* Flight Hours to one Cycle ([ ]*:1). During any calendar year during the Lease Term, the total Engine Flight Hours for each Engine recorded in respect of the previous twelve months shall be compared with the Cycles flown for such Engine and the Ratio computed. The rate payable by way of maintenance reserve in respect of each complete Flight Hour (pro rata for part thereof) for such Engine applicable with respect to the Shop Visit Portion of the Engine Reserve Amount due from Lessee after such annual Ratio computation and prior to the next annual Ratio computation shall be as provided in EXHIBIT G hereof for such Ratio. Any excess Maintenance Reserves remaining at the expiration of the Lease Term or earlier termination of this Lease shall be retained by Lessor.
Maintenance Reserves. 27 7.5 Supplemental Rent for Excess Cycles...................................27 8.
Maintenance Reserves. The company will have to pay monthly reserves, for scheduled maintenance of leased engines, as “additional rent.” The budget amount for 2015/16 of $857k is down by 31% (CI$385K) over prior year. These savings are a result of the Company purchasing 3 previously leased 737-300 jets, thereby reducing the necessity to lease jet engines.
