Additional Contribution for Major Maintenance Event Clause Samples

Additional Contribution for Major Maintenance Event. Subject to the requirements for reimbursements for Major Maintenance Event as required in Section 1.1 through 1.3 having been met; Lessor will contribute the following amounts (in addition to the reimbursements contemplated by Section 1.3 above): ALA MSN 2851 – Global Crossing Airlines (a) Upon completion of the first Engine Refurbishment during the Term, an amount equal to the lesser of: (i) the product of (a) the number of engine Flight Hours (measured as of the Delivery Date) consumed on such Engine or Engine module since completion of the Engine Refurbishment shop visit of such Engine or Engine module prior to the Delivery Date (or since new if the Engine has not completed or undergone any Engine Refurbishment shop visit) multiplied by (b) the Engine Refurbishment Maintenance Rent rate in effect on the Delivery Date, calculated in accordance with the previous operator’s hour/cycle utilization ratio since the last Engine Refurbishment shop visit of such Engine and allocated on a per module basis; and (ii) the positive difference, if any, between (a) the cost of that Major Maintenance Event, and (b) the balance, at the date of the completion of the Major Maintenance Event, of the relevant Maintenance Rent Balance paid by Lessee with respect to the Engine Refurbishment deducting any amounts already paid by Lessor under this Part 2 of Schedule 3 in relation to that Reimbursement Item. (b) Upon completion of the first APU Overhaul during the Term, an amount equal to the lesser of: (i) the product of (a) the number of APU Hours (measured as of the Delivery Date) consumed on such APU since completion of the last overhaul of such APU prior to the Delivery Date multiplied by (b) the APU Maintenance Rent rate in effect on the date of the commencement of the Overhaul ; and (ii) the positive difference, if any, between (a) the cost of that Major Maintenance Event, and (b) the balance, at the date of the completion of the Major Maintenance Event, of the Maintenance Rent Balance paid by Lessee with respect to the APU deducting any amounts already paid by Lessor under this Part 2 of Schedule 3 in relation to that Reimbursement Item. (c) Upon completion of the first Landing Gear Overhaul during the Term, an amount equal to the lesser of: (i) the product of (a) the number of calendar months (measured as of the Delivery Date and prorated for partial calendar months) consumed on the Landing Gear since completion of the last Landing Gear overhaul prior to the Delivery Dat...
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Related to Additional Contribution for Major Maintenance Event

  • Additional Contributions The Member is not required to make any additional capital contribution to the Company. However, the Member may at any time make additional capital contributions to the Company in cash or other property.

  • What if I Make a Contribution for Which I Am Ineligible or Change My Mind About the Type of IRA to Which I Wish to Contribute?

  • Initial Contribution The member agrees to make an initial contribution to the Company of $____________.

  • Additional Costs, Etc Notwithstanding anything herein to the contrary, if any present or future applicable law, which expression, as used herein, includes statutes, rules and regulations thereunder and interpretations thereof by any competent court or by any governmental or other regulatory body or official charged with the administration or the interpretation thereof and requests, directives, instructions and notices at any time (or from time to time) hereafter made upon or otherwise issued to any Lender or the Agent by any central bank or other fiscal, monetary or other authority (whether or not having the force of law), shall: (a) subject any Lender or the Agent to any tax, levy, impost, duty, charge, fee, deduction or withholding of any nature with respect to this Agreement, the other Loan Documents, such Lender’s Commitment, a Letter of Credit or the Loans (other than taxes based upon or measured by the gross receipts, income or profits of such Lender or the Agent or its franchise tax), or (b) materially change the basis of taxation (except for changes in taxes on gross receipts, income or profits or its franchise tax) of payments to any Lender of the principal of or the interest on any Loans or any other amounts payable to any Lender under this Agreement or the other Loan Documents, or (c) impose or increase or render applicable any special deposit, reserve, assessment, liquidity, capital adequacy or other similar requirements (whether or not having the force of law and which are not already reflected in any amounts payable by the Borrower hereunder) against assets held by, or deposits in or for the account of, or loans by, or commitments of an office of any Lender, or (d) impose on any Lender or the Agent any other conditions or requirements with respect to this Agreement, the other Loan Documents, the Loans, such Lender’s Commitment, a Letter of Credit or any class of loans or commitments of which any of the Loans or such Lender’s Commitment forms a part; and the result of any of the foregoing is: (i) to increase the cost to any Lender of making, funding, issuing, renewing, extending or maintaining any of the Loans, the Letters of Credit or such Lender’s Commitment, or (ii) to reduce the amount of principal, interest or other amount payable to any Lender or the Agent hereunder on account of such Lender’s Commitment or any of the Loans or the Letters of Credit, or (iii) to require any Lender or the Agent to make any payment or to forego any interest or other sum payable hereunder, the amount of which payment or foregone interest or other sum is calculated by reference to the gross amount of any sum receivable or deemed received by such Lender or the Agent from the Borrower hereunder, then, and in each such case, the Borrower will, within fifteen (15) days of demand made by such Lender or (as the case may be) the Agent at any time and from time to time and as often as the occasion therefor may arise, pay to such Lender or the Agent such additional amounts as such Lender or the Agent shall determine in good faith to be sufficient to compensate such Lender or the Agent for such additional cost, reduction, payment or foregone interest or other sum. Each Lender and the Agent in determining such amounts may use any reasonable averaging and attribution methods generally applied by such Lender or the Agent.

  • Additional Compensation Notwithstanding anything in this Memorandum of Understanding to the contrary when in the judgment of the Board, it becomes necessary or desirable to utilize the services of County employees in capacities other than those for which they are regularly employed, the Board may authorize and, if appropriate, fix an additional rate of compensation for such employees.